ICICI Bank profit up 17 percent on better loans (AP)
ICICI Bank, India s largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India s growing economy.
[$$] India s ICICI Bank Posts 17% Profit (at The Wall Street Journal)
ICICI Bank Posts 17% Profit ICICI Bank of India reported higher net profit for the first quarter, while total revenue fell.
/C O R R E C T I O N from Source — Scotiabank/ (CNW Group)
Grupo Scotiabank today announced results for the second quarter of 2010. Scotiabank Mexico s second quarter consolidated net income was Cdn$54 million , compared to Cdn$32 million in the same quarter last year.
Homebuilder MDC Holdings trims 2Q loss (AP)
Homebuilder and mortgage company MDC Holdings Inc. said Friday it trimmed its second-quarter loss from a year ago as a surge in home closings helped boost revenue by 67 percent.
Higher prices lift Middlesex Water s 2Q net income (AP)
Middlesex Water Co. said Friday its second-quarter net income jumped 57 percent on sales growth driven by higher base rates and increased water demand.
BorgWarner: Auto production up (Investor s Business Daily)
The auto parts maker swung to a Q2 profit of 78 cents a share, 11 cents above views, helped by higher int l vehicle production. Sales jumped 55% to $1.42 bil, beating views. BorgWarner raised its full-year EPS outlook to $2.60-$2.80, above views for $2.42.
[$$] Chevron Profit Soars (at The Wall Street Journal)
Chevron Profit Soars Chevron s second-quarter earnings more than tripled, driven by higher oil prices and a surge in refining earnings.
Arch Coal sees strong 2nd half (Investor s Business Daily)
The coal mining company swung to a Q2 profit of 43 cents ex items, topping views by 18 cents. Revenue rose 40% to $764.3 mil, slightly below views. Arch Coal said hot summer weather and increased use of power boosted coal sales to electrical utilities.
HMS Holdings (Investor s Business Daily)
HMS Holdings , a provider of claims management services, said Q2 EPS rose 33% to 32 cents, matching views, as revenue grew 31% to $70.7 mil, beating views of $68.9 mil. It backed its full-year EPS forecast of $1.38, below views of $1.42.
Weyerhaeuser profit, sales top (Investor s Business Daily)
The lumber and paper products company swung to a Q2 profit of 20 cents a share ex items, topping views by 6 cents. Revenue rose 30% to $1.81 bil, above forecasts. Sales were strongest in the cellulose fibers unit, which makes the building blocks for books, bandages and other products.