Johnson & Johnson
The health care giant, hammered by numerous recalls that have kept some popular nonprescription medicines and other products off the market, posted a 12 percent profit decline and a 5.5 percent drop in revenue for the fourth quarter. The company said Tuesday that net income was $1.94 billion, or 70 cents per share.
Yahoo
Fourth-quarter earnings more than doubled, but declining revenue makes it clear the tech giant is still struggling to cash in on the online advertising boom. Yahoo earned $312 million, or 24 cents per share, in the October-December period.
Verizon
The telecommunications carrier vowed Tuesday not to mess up its iPhone launch next month as its wireless unit added 872,000 subscribers on contract-based plans, well above analyst expectations of about 650,000. Verizon reported net income of $2.64 billion, or 93 cents per share, for the last three months of 2010.
U.S. Steel
Fourth-quarter losses were narrowed by selling company assets and cutting spending on facility repair and maintenance. U.S. Steel said Tuesday it lost $249 million, or $1.74 per share, in the October-December period. That compares with a loss of $267 million, or $1.86 per share a year earlier. Revenue increased 28 percent to $4.3 billion.
Harley-Davidson
The motorcycle-maker got a good ride from a restructuring and a strong performance from its financial services unit even as motorcycle sales slumped cut fourth-quarter losses. The Milwaukee company on Tuesday reported a net loss of $46.8 million, or 20 cents per share, a vast improvement over the $218.7 million, or 94 cents per share, that it lost in the same period a year ago.
FirstBank
The employee-owned, Lakewood-based holding company reported its year-end 2010 net income grew to $148.9 million, up 2 percent compared with year-end 2009. During the fourth quarter, FirstBank reported net income of $37.6 million, up 1 percent from the same period last year. Total assets held were $10.5 billion as of Dec. 31, 2010, up 4 percent from last year. Total deposits increased 3 percent to $9.5 billion and loans grew by 6 percent to $4.5 billion.
