Ball Corp.
The metal-packaging and aerospace company’s third-quarter profit more than doubled on a host of one-time gains as revenue rose more than expected thanks to strength in the company’s biggest segment. But core earnings fell slightly short of analysts’ expectations.
Broomfield-based Ball reported a profit of $227.5 million, or $2.50 a share, up from $103.7 million, or $1.09 a share, a year earlier. Excluding items such as acquisition gains, earnings from continuing operations rose to $1.40 from $1.21 as revenue increased 12 percent to $2.04 billion.
Eastman Kodak
The company’s third-quarter net loss narrowed to $43 million on strong inkjet printer sales and lower operating costs, and its adjusted earnings handily beat Wall Street expectations.
The photography and printing company said Thursday it lost the equivalent of 16 cents a share in the July-September period. That compared with a loss of $111 million, or 41 cents a share, a year earlier. Sales fell 1 percent to $1.76 billion.
Williams Cos.
The energy explorer swung to a steep third-quarter loss on significant charges that totaled $1.68 billion, related to a write-off and some properties, primarily in the Barnett Shale.
Separately, Williams Partners LP agreed to pay $782 million to acquire Williams’ gathering and processing assets in Colorado’s Piceance Basin.
Williams reported a loss of $1.26 billion, or $2.16 a share, compared with a year-earlier profit of $143 million, or 24 cents a share. The company did not provide revenue figures.
Level 3
The provider of telecommunications services posted a net loss for the third quarter of $163 million, or 10 cents per share, compared with a loss of $170 million, or 10 cents per share, in the same period last year.
Revenue was $912 million for the quarter, compared with $916 million last year.
Startek
The Denver-based business-process outsourcing-services provider to the communications industry reported a third-quarter loss of $4.5 million, or 30 cents per share, compared with a profit of $1.8 million, or 12 cents per share, in the same period last year.
Revenue of $65.6 million was down from $72.5 million last year.
Denver Post wire reports
