Janus Capital Group
Third-quarter earnings fell 68 percent from a year earlier as a stock-market rally that began in March didn’t overcome investor caution toward equity mutual funds.
Net income declined to $8.2 million, or 5 cents a share, from $25.4 million, or 16 cents a share, a year earlier, the Denver-based company said Thursday in a statement.
The earnings missed the 14-cent average estimate of 13 analysts surveyed by Bloomberg.
Chipotle Mexican Grill
Third- quarter earnings rose 77 percent on restaurant openings and lower food costs. Net income climbed to $34.5 million, or $1.08 a share, from $19.5 million, or 59 cents a share, a year earlier, the Denver-based restaurant chain said in a statement Thursday. Sales rose 14 percent to $387.6 million.
Chipotle, which has benefited from lower costs for ingredients such as cheese, opened 26 restaurants in the quarter.
ProLogis
The Denver-based warehouse owner said third-quarter earnings excluding items fell as demand for distribution and storage space waned.
Funds from operations fell to 21 cents a share from 63 cents a year earlier, ProLogis said Thursday in a statement. Analysts expected funds from operations of 19 cents, according to the average of 12 estimates in a Bloomberg survey.
3M
The maker of a wide variety of items including Post-it Notes and insect repellent said Thursday that strong sales of health-care products in flu-wary Asia helped lift earnings beyond analyst expectations in the third quarter.
For the three months ended in September, net income slid to $957 million, or $1.35 per share, from $991 million, or $1.41 per share, in the year-earlier period. Revenue slipped 5.6 percent to $6.19 billion.
3M said it is doubling its investment in plants to make respiratory masks that help protect against the H1N1 influenza virus after the products added $80 million to third- quarter sales.
Union Pacific
Third-quarter profit fell 26 percent as shipping demand remained weak and the overall economy stabilized.
The nation’s largest railroad reported earnings of $517 million, or $1.02 per share, down from $703 million, or $1.38 per share, last year. Revenue fell 24 percent to $3.67 billion.
Amazon
The online retailer said its third-quarter earnings soared 62 percent, showing that consumers are comfortable opening their wallets despite the still-shaky economy.
Amazon earned $199 million, or 45 cents per share, in the third quarter. That far exceeded the 30 cents per share that analysts polled by Thom son Reuters were expecting. Revenue climbed 28 percent to $5.45 billion.
McDonald’s
Third-quarter profit and global comparable sales rose more than analysts estimated.
Net income in the quarter jumped to $1.26 billion, or $1.15 a share, from $1.19 billion, or $1.05 a share, a year earlier. Revenue fell 3.5 percent to $6.05 billion. Profit of $1.11 a share was the average of 18 analysts’ estimates compiled by Bloomberg.
Delta Air Lines
The carrier posted a third-quarter net loss, joining the rest of the large U.S. airlines, as tumbling passenger revenue during the recession wiped out benefits from lower fuel prices.
The net loss at Delta, the world’s largest airline, widened to $161 million, or 19 cents a share, from a year-earlier loss of $50 million, or 13 cents a share. Excluding some costs for severance and the 2008 purchase of Northwest Airlines, Delta beat analysts’ estimates with a profit of 6 cents a share.
