Ford Overcomes Computer Chip Shortage, Posts Surprise ProfitSky-high sales prices for its pickup trucks and SUVs helped Ford Motor Co. turn a surprise second-quarter profit despite a global shortage of computer chips that cut factory output in half.
Gov. Whitmer Threatens Profit Seizure If Pipeline Keeps OperatingMichigan Gov. Gretchen Whitmer threatened to go after Enbridge’s profits from a Great Lakes oil pipeline if the company defies her order to shut it down.
Sales Down, Profit Up At Dow CorningDow 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.
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.
Advanced Photonix Fiscal Year Loss Grows On Sales SlumpAdvanced 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.
Perrigo Reports Record Revenue; Acquisition Charges Ding ProfitsThe 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.
GM Net Income Falls 14% To $865 Million In First QuarterGeneral Motors posts its 13th consecutive quarterly profit, but those earnings are off slightly from last year.
Will Strong U.S. Sales Lead To Big Detroit Three Profits?The companies prepare to report their first quarter earnings, starting with Ford on Wednesday.
Dow Corning Sales, Profits Plunge In 2012Dow 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 Posts 74 Percent Revenue Jump In 2012Marvel 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.
Car Sales Roar Into New YearFord sales jump 22 percent in January. Chrysler and GM post 16 percent sales gains.
Chrysler Sales Up 16 Percent In JanuaryChrysler says its U.S. sales rose 16 percent last month for its best January in five years.
Chrysler 2012 Profit Jumps On Higher SalesChrysler says its profit jumped to $1.7 billion in 2012 as sales rose 18 percent.
Compuware Earnings Beat (Reduced) Street EstimatesThe software and IT services provider Compuware Corp. reported net income of $25.3 million or 12 cents a share in the third fiscal quarter ended Dec. 31, up from $21.6 million or 10 cents in the same quarter a year ago.
ITC Holdings Reports Increased Third Quarter And Year-To-Date 2012 ResultsITC Holdings Corp., the Novi-based owner and manager of a signficant chunk of the nation's electric grid, reported revenue of $214.8 million in the quarter ended Sept. 30, up from $191.3 million a year earlier. For the nine months, revenue was $608.9 million, up from $555.8 million a year earlier.