Crocs
The seller of ventilated rubber shoes said Thursday it moved to a profit in the third quarter as it recorded a big one-time gain from taxes and sales inched up. The Niwot company said its quarterly results included a one- time $14.4 million tax benefit, a one-time $9.6 million gain from sales and $3.6 million in charges for write-downs, restructuring and charitable donations.
In the quarter that ended Sept. 30, the company earned $22.1 million, or 25 cents per share, compared with a loss of $148 million, or $1.79 per share, a year earlier. Revenue rose 2 percent to $177.1 million.
Fannie Mae
The mortgage backer is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing-market bust keeps rising.
Fannie Mae posted a quarterly loss of $19.76 billion, or $3.47 per share. The loss includes $883 million in dividends paid to the Treasury Department and compares with a loss of $29.41 billion, or $13 per share, in the year-ago period.
DirecTV
One of the few pay-TV companies to gain subscribers in the third quarter, DirecTV saw its earnings stay steady because of the higher costs it incurred attracting and serving those new customers.
DirecTV said net income was largely flat at $366 million, or 37 cents per share, slightly short of analyst expectations of 39 cents per share, according to a Thomson Reuters survey. Revenue rose 10 percent to $5.47 billion, slightly above Wall Street’s expectations.
Starbucks
More people are visiting coffee shops this year than last, and they’re spending more money when they do. The coffee chain earned $150 million, or 20 cents per share, during the three-month period that ended in late September. Last year, it earned $5.4 million, or a penny per share. Revenue dipped almost 4 percent to $2.42 billion.
