The Lansing animal and food safety testing product maker Neogen Corp. (Nasdaq: NEOG) Tuesday announced net income of $6.6 million for for the third quarter of its fiscal year, which ended Feb. 28, down from $6.7 million in the same period a year earlier. Earnings per share was unchanged at 18 cents for both periods. Revenue for the quarter was $62 million, up 21 percent from $51.1 million a year earlier.
ITC Holdings, the nation’s largest publicly traded owner of the power grid, reported sharply higher revenue and net income for the fourth quarter and year ended Dec. 31.
DTE Energy Friday reported 2013 earnings of $661 million, or $3.76 per diluted share, up 8.4 percent from $610 million, or $3.55 per diluted share in 2012.
Even though General Motors’ fourth-quarter profit fell short of Wall Street expectations, workers will get up to $7,500 in profit-sharing checks.
Ford Motor Co., a darling of the auto industry’s comeback, is facing its biggest test since CEO Alan Mulally charted its successful course out of the Great Recession.
Chrysler sales jump 11 percent. Company expects October annual sales rate of 15.7 million.
GM earns 698, million, after one time charges. Pre tax earnings jump to $2.6 billion.
Chrysler Group’s net income rose 22 percent to $464 million in the third quarter as U.S. demand for the Ram pickup and Jeep Grand Cherokee rose.
DTE Energy (NYSE:DTE) Friday reported earnings for the nine months ended Sept. 30 of $537 million, or $3.07 a share, up from $529 million, or $3.08 a share, in 2012. (The earnings per share fell a penny despite higher earnings because of more shares outstanding in 2013.)
In its first financial report as a publicly traded company, Covisint Corp. (Nasdaq: COVS), the Detroit-based provider of secure communication and collaboration technology, reported a loss of $2.4 million or 8 cents a share in the second fiscal quarter ended Sept. 30. That’s an improvement from a $4.6 million loss, 17 cents a share, in the prior fiscal year.