Among the earnings stories for Monday, Feb. 23, from AP Financial News:
MOUNT LAUREL, N.J. (AP) _ The Campbell Soup Co. is selling more recession-friendly soups, pasta sauces and Goldfish crackers, but it's finding that a strong dollar has hurt its profits overseas.
PARAMUS, N.J. (AP) _ Real estate investment trust Alexander's Inc. reported Monday higher fourth-quarter results as the company benefited from a big reversal of a charge for its stock-based compensation costs.
MINNEAPOLIS (AP) _ Valspar Corp., which makes paints, varnishes and coatings, said Monday its fiscal first-quarter profit tumbled 41 percent, largely as a result of cost-cutting measures.
HOUSTON (AP) _ GulfMark Offshore Inc., which transports materials, supplies and personnel for the offshore oil industry, on Monday said its fourth-quarter profit more than quadrupled, mainly due to $16 million in gains on vessel sales and also from GulfMark Americas operations, formerly Rigdon Marine, which was acquired in July 2008.
LOS ANGELES (AP) _ Shares of Ducommun Inc. sank Monday after the aircraft parts maker reported a fourth-quarter loss on a large writedown on the value of its Miltec subsidiary.
CLEVELAND (AP) _ Developers Diversified Realty Corp., a shopping center real estate investment trust, said Monday it posted a fourth-quarter loss in its funds from operations due to charges reflecting the declining value of some assets.
ADA, Okla. (AP) _ Pre-Paid Legal Services Inc. said Monday its fourth-quarter profit rose 26 percent, helped by a smaller income tax provision.
NEW YORK (AP) _ Garmin Ltd., the maker of GPS units, said its sales fell and its profit nearly halved in the fourth quarter due to the weak economy and the strengthening dollar.
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