Neogen Profits Fall On Integration Of Acquisitions; Revenue RisesThe 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.
Despite Aborted Acquisition, ITC Profits RiseITC 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 Earnings Jump 8%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.
GM Reports 4Q Earnings, Workers To Get $7,500 Profit-Sharing ChecksEven though General Motors' fourth-quarter profit fell short of Wall Street expectations, workers will get up to $7,500 in profit-sharing checks.
Ford Faces Challenges, Warns Of Slower ProfitsFord 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.
Car Sales Show Solid October ReboundChrysler sales jump 11 percent. Company expects October annual sales rate of 15.7 million.
Strong North American Earnings Boost GM In Third QuarterGM earns 698, million, after one time charges. Pre tax earnings jump to $2.6 billion.
Chrysler 3Q Profit Rises 22% On Truck DemandChrysler 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 Says Weather Caused Profit SlumpDTE 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.)
Covisint Loss Shrinks On Revenue Jump 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.
New Research Examines Status Of Women In Michigan BusinessThis year marks a decade worth of research - examining the role of women in leadership positions within Michigan public companies.
Visteon Earnings Fall On One-Time Event; Company Raises Full-Year GuidanceVisteon Corp. Thursday announced net income of $65 million or $1.29 a share in the second quarter ended June 30, down from $75 million or $1.40 a share a year earlier.
Chrysler's 2Q Net Income Up 16% On US SalesChrysler Group says its net income rose 16 percent to $507 million in the second quarter on strong U.S. sales of trucks and SUVs.
Dow Sales, Earnings RiseDow Chemical Co. eported revenue of $14.58 billion for the second quarter ended June 30, up from $14.51 billion a year earier. Due to a massive one-time payment, net income skyrocketed to $2.44 billion or $1.87 a share, up from $740 million or 55 cents a share a year earlier.
GM 2Q Profit Falls Nearly 16 PercentGeneral Motors says second-quarter net income fell 16 percent as slowing international profits and losses in Europe offset strong North American earnings.