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Delta posts 4Q loss after writing down fuel-hedging deals
2015-01-20 15:09:18| Airlines - Topix.net
Delta Air Lines Inc. reported a fourth-quarter loss because falling oil prices led it to write down the value of its fuel-hedging contracts, but the airline's results were still better than Wall Street expected. Excluding those items, Delta would have earned $649 million, or 78 cents per share.
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Delta Air Lines posts fourth-quarter loss after fuel hedging
2015-01-20 15:09:17| Airlines - Topix.net
Delta Air Lines Inc said on Tuesday it lost $712 million last quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates. For the fourth quarter, the Atlanta-based carrier lost 86 cents per diluted share, including a $1.2 billion charge for mark-to-market adjustments on fuel hedges, which Delta had previously announced.
Montvale-based AEP Industries posts loss for fiscal 2014
2015-01-15 14:21:16| Industrial Machines - Topix.net
AEP Industries Inc., a maker of packing for consumer, industrial and agricultural businesses, reported losses in fiscal 2014 of $5.5 million, or $1.03 a share, compared with net income of $10.7 million, or $1.92, from the same period of a year ago. The company said fiscal 2013 results included a gain on purchase of the Transco business of $1 million.
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Telecom-equipment maker Ciena posts surprise loss
2014-12-11 15:57:02| Telecom - Topix.net
Ciena Corp. reported a surprise loss in the October quarter, as revenue growth in its biggest network segment was unable to offset expected hits from a supplier agreement with AT&T Inc. The telecom-equipment maker had earlier warned that uncertainty tied to the timing of potential orders, as well as concessions related to its recent supplier agreement with AT&T would dent its revenue in for the fourth quarter. Early-stage network deployment and other related costs could put pressure on margins, while certain upfront incentives and concessions as part of its agreement to be a Domain 2.0 supplier for AT&T will have a disproportionate impact on the quarter's revenue and margins.
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Advanced Disposal Posts Smaller Loss, Revenue Hike in Quarter
2014-11-13 21:58:00| Waste Age
ADS Waste Holdings Inc., which does business as Advanced Disposal, reported a smaller net loss than a year ago on higher revenue for its third quarter. read more
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