Earnings roundup: Chelsea Therapeutics, ADC
By
Associated Press
March 4, 2009
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Among the earnings stories for Wednesday, March 4, from AP Financial News:
CHARLOTTE, N.C. (AP) _ Chelsea Therapeutics International Ltd. said Wednesday its loss nearly doubled in the fourth quarter as it conducted late-stage trials of Droxidopa, a drug intended to treat dangerously low blood pressure.
NEW YORK (AP) _ Shares of ADC Telecommunications Inc. shot up Wednesday morning after the company topped Wall Street forecasts with its fiscal first-quarter results and said it is cutting more jobs.
LOUISVILLE, Ky. (AP) _ Home nursing services provider Almost Family Inc. said Wednesday its fourth-quarter profit more than doubled after acquisitions boosted revenue for its visiting nurse business.
COLUMBUS, Ohio (AP) _ Discount retailer Big Lots Inc. said Wednesday that its fiscal fourth quarter profit fell 14 percent due in part to a comparison with results a year ago that included since-discontinued operations.
ATLANTA (AP) _ Cox Radio Inc. reported a hefty fourth-quarter net loss on Wednesday after taking a $601.6 million charge to write-down assets and as advertising revenue fell.
NEW YORK (AP) _ Thinkorswim Group Inc., an online brokerage and investor education service provider, said Wednesday its fourth-quarter profit fell 46 percent due to a decline in interest and education revenue and special charges.
ISELIN, N.J. (AP) _ Maidenform Brands Inc. said Wednesday its fourth-quarter profit tumbled 63 percent partly on a restructuring charge and declining sales, but adjusted results managed to top Wall Street's expectations.