CMS Energy Thursday announced net income of $415 million, or $1.58 per share, for 2011 compared to net income of $324 million, or $1.28 per share, in 2010.
General Motors made $7.6 billion in 2011, its best annual profit ever. GM said it will pay profit sharing of up to $7,000 to approximately 47,500 eligible U.S. hourly employees.
Dow Chemical Co. Thursday reported record annual revenue of $60 billion in 2011, with a 19 percent increase in earnings per share. Howeve,r things weren’t so rosy in the fourth quarter of the year.
Ford posts a 2011 operating profit of $8.8 billion. Workers get $6200 profit sharing checks.
Stock in Detroit’s Compuware Corp. (Nasdaq: CPWR) tumbled nearly 10 percent in early trading Tuesday after the company announced its earnings for the quarter ended Dec. 31 would miss Wall Street expectations.
DTE Energy (NYSE: DTE) Friday reported third quarter 2011 earnings of $183 million, or $1.07 per diluted share, compared with $163 million, or 96 cents per diluted share, in the third quarter of 2010.
X-Rite Inc. Thursday announced sales of $57 million for the third quarter ended Oct. 1, up 2.8 percent from $55.4 million a year earlier, and net income of $7 million or 8 cents a share, vs. a loss of $100,000 or break-even per share for the same quarter a year earlier.
Stronger sales pushed Ford’s revenue up 14 per cent to $33.1 billion.
General Motors earned $2.5 billion in the second quarter. That’s the company’s sixth consecutive quarterly profit, and an increase from the $1.3 billion they made in the second quarter last year.
General Motors will soon reveal its second quarter earnings figures. The company is expected to post its sixth post-bankruptcy profit
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