Earnings roundup: Standard Pacific, Cabot Oil
By
Associated Press
February 13, 2009
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Among the earnings stories for Friday, Feb. 13, from AP Financial News:
IRVINE, Calif. (AP) _ Homebuilder Standard Pacific Corp. posted a narrower loss for the fourth quarter, even as revenue continued to plummet and new home orders fell by nearly half.
HOUSTON (AP) _ Cabot Oil & Gas Corp. posted a higher fourth-quarter profit as production levels increased despite volatile commodity prices.
NEW YORK (AP) _ Shares of BJ's Restaurants Inc. soared higher Friday after the restaurant chain bested Wall Street analysts' profit estimates for its fourth quarter.
SIOUX FALLS, S.D. (AP) _ NorthWestern Corp., a utility that does business as NorthWestern Energy, on Friday said its fourth-quarter profit climbed 15 percent, due to rate increases, litigation settlement proceeds and lower property taxes.
SIOUX FALLS, S.D. (AP) _ Manufacturer Raven Industries Inc. said Friday it expects to report a 22 percent decline in income for its fourth quarter ended Jan. 31.
OKLAHOMA CITY (AP) _ OGE Energy Corp., parent of Oklahoma Gas and Electric Co., said Friday its fourth-quarter profit fell 42 percent, hurt by lower profit margins at its Enogex LLC subsidiary.