Dow Corning Corp. Friday announced sales of $1.43 billion and net income of $117.4 million for the third quarter of 2013. A year ago, the company posted sales of $1.55 billion and net income of $96.6 million.
General Motors says second-quarter net income fell 16 percent as slowing international profits and losses in Europe offset strong North American earnings.
Advanced Photonix Inc., the Ann Arbor manufacturer of optical and electronic data transmission equipment and terahertz instrumentation, Monday reported a larger loss on a sales slump for the fiscal year ended March 31.
The generic drug and store brand health products maker Perrigo Co. (Nasdaq: PRGO) Wednesday reported record revenue of $919.8 million in the third fiscal quarer ended March 30, up from $778 million a year earlier.
General Motors posts its 13th consecutive quarterly profit, but those earnings are off slightly from last year.
The companies prepare to report their first quarter earnings, starting with Ford on Wednesday.
Dow Corning recorded 2012 sales of $6.12 billion, down from $6.43 billion in 2011. Net income was $188 million, down from $806 million a year earlier. The comapny said oversupply, economic volatility and high raw material costs significantly reduced the company’s profits.
Marvel Technologies Inc., a provider of IT products and services, Monday reported a 74 percent increase in revenue and a 50 percent increase in employee count during 2012.
Ford sales jump 22 percent in January. Chrysler and GM post 16 percent sales gains.
Chrysler says its U.S. sales rose 16 percent last month for its best January in five years.