Mine Safety Appliances Co. (
MSA: chart), which makes mine safety products, said that its fourth-quarter net earnings declined to $19.5 million, or 53 cents per share, compared with $24.2 million, or 65 cents per share, in the year-ago period. Revenue climbed to $256.9 million versus $241.9 million in the same period a year earlier.
Dynegy Inc. (
DYN: chart), power provider, said that it swung to a fourth-quarter net loss of $58 million, or 12 cents per share. The company recorded a profit of $293 million, or 74 cents per share a year earlier, which included a $690 million gain from discontinued operations. Revenue declined 36.2% to $397 million from $622 million in the year-ago period.
Foster Wheeler Ltd. (
FWLT: chart), engineering and construction services company, said it swung to fourth-quarter net profit of $63 million, or 88 cents per share, from a loss of $122 million, or $2.27 per share, a year earlier. Adjusted net profit reached $85.9 million. Operating revenue nearly doubled to $1.2 billion from $618.5 million last year.
RadioShack Corp. (
RSH: chart), electronics retailer, said that its fourth-quarter net income increased to $84.5 million, or 62 cents per share, compared with $51.2 million, or 38 cents per share, earned in the final three months of 2005. The company posted quarterly revenue of $1.46 billion, down from the prior year''s $1.67 billion, as adjusted comparable-store sales dropped 5.5%.
Fresh Del Monte Produce Inc. (
FDP: chart), which produces and distributes fresh and fresh-cut fruit and vegetables as well as prepared foods, reported a fourth-quarter net loss of $59.9 million, or $1.04 per share, wider than the company''s loss of $3.5 million, or 6 cents, in the final three months of 2005. Quarterly sales declined to $737.6 million, compared with the prior year''s $757.9 million. Excluding asset impairment and restructuring charges associated with the company''s efforts to streamline operations, Fresh Del Monte said it would have posted a loss of 4 cents per share for the latest quarter.
USEC Inc. (
USU: chart), supplies low enriched uranium for commercial nuclear power plants, said that its fourth-quarter net earnings increased to $40.1 million, or 46 cents per share, compared with $29.6 million, or 34 cents per share, in the year-ago period. Revenue declined to $544.2 million versus $549.7 million in the same period a year earlier.
CBRE Realty Finance Inc. (
CBF: chart), which operates as a commercial real estate specialty finance company, said that its fourth-quarter net earnings increased to $3.5 million, or 12 cents per share, compared with $1.73 million, or 9 cents per share, in the year-ago period. Adjusted funds from operations rose to $5.9 million, or 19 cents per share, from $2.5 million, or 13 cents per share, last year. Revenue jumped to $25.6 million versus $8.78 million in the same period a year earlier.
Frontier Oil Corp. (
FTO: chart), oil refiner, said that its fourth-quarter earnings declined to $52.4 million, or 47 cents per share, compared with $63 million, or 55 cents per share, a year earlier. The results for the quarter include an inventory loss of 22 cents per share. Revenue declined 5.5% to $1.09 billion versus last year''s $1.15 billion.
Blockbuster Inc. (
BBI: chart), video rental chain, said that its fourth quarter profit dropped to $12.9 million, or 5 cents per share, compared with $18 million, or 9 cents per share, in the fourth quarter of 2005. On an adjusted basis, the company said it would have earned $20.4 million, or 9 cents a share, vs. $25.0 million, or 12 cents. Revenue increased 1.4% to $1.51 billion on an increase in worldwide same-store merchandise sales.
Federated Department Stores Inc. (
FD: chart), store chain retailer, said that its fourth--quarter net income increased 5% to $733 million, or $1.40 per share compared with $699 million or $1.26 per share in the year-ago period. Revenue declined to $9.16 billion versus $9.57 billion in the same period a year earlier.