Xcel Energy Inc.
The largest utility in Colorado reported an 11 percent increase in earnings, to $756 million in 2010, compared with 2009.
The earnings per share rose to $1.62 in 2010 from $1.48 in 2009. Operating revenues in 2010 were $10.3 billion, compared with $9.6 billion in 2009.
Public Service Company of Colorado, an Xcel subsidiary, accounted for 86 cents of the $1.62 in per-share earnings, the company said.
Janus Capital Group
The Denver-based asset-management company said its fourth-quarter profit jumped 78 percent, topping Wall Street’s expectations, as assets under management and revenue grew.
Janus posted a profit of $65.9 million, or 36 cents a share, up from $37 million, or 20 cents a share, a year earlier. The most recent quarter included a 12-cent gain related to the sale of the company’s structured investment vehicle securities as well as other impacts. Revenue jumped 10 percent to $275.7 million.
Analysts surveyed by Thomson Reuters expected a profit of 21 cents on revenue of $263 million.
Lockheed Martin
The defense contractor said its fourth-quarter operating profit shrank, and it predicted a smaller 2011 profit with an increasingly frugal Pentagon.
Lockheed Martin reported a profit of $983 million, or $2.73 a share, up from $827 million, or $2.17 a share, a year earlier. On a continuing-operations basis, earnings rose to $2.30 a share from $2.19.
Revenue rose 4.8 percent to $12.79 billion. Analysts had most recently forecast earnings of $2.11 a share.
Raytheon Co.
The world’s largest missile maker forecast a rise in 2011 earnings that meets most analysts’ predictions, after a drop in sales to the Navy led to a 1 percent decline in fourth-quarter profit.
Fourth-quarter profit from continuing operations declined to $499 million, or $1.37 a share, compared with net income of $504 million, or $1.30, a year earlier. The average estimate of 20 analysts was for profit of $1.16. Sales rose 3.3 percent to $6.89 billion.
Procter & Gamble Co.
The world’s largest consumer products maker said sales are slowly starting to pick up and it sees an economic recovery underway in its biggest market, the United States.
The Cincinnati-based maker of Tide detergent and Gillette shavers had net income of $3.33 billion, or $1.11 a share, a slide of 28 percent compared with $4.66 billion, or $1.49 a share, last year, when earnings got a boost from the sale of the company’s prescription drug business. Revenue rose 2 percent to $21.3 billion.
Analysts expected $1.10 a share.
Colgate-Palmolive Co.
The maker of toothpaste, soap and other products said earnings and revenue declined in the fourth quarter, pressured by currency changes and rising costs.
Colgate-Palmolive earned $624 million, or $1.24 a share, for the period ended Dec. 31.
That’s down slightly from $631 million, or $1.21 a share, a year earlier. Revenue slipped 3 percent, to $3.98 billion.
