Chrysler
For the first time in nearly seven years, Detroit’s car companies are all making money again. Chrysler, the last of the three to return to profitability, said Monday it made a $116 million net profit in the first quarter on revenues of $13.1 billion.
The company, which emerged from bankruptcy protection a little less than two years ago, hadn’t reported a net profit since 2006.
Humana
First-quarter profit rose 22 percent as the health insurer benefited from enrollment gains in its Medicare offerings and lower health care use in its employer-based insurance plans.
Humana said its net income for the three months ended March 31 totaled $315.2 million, or $1.86 cents per share, compared with $258.8 million, or $1.52 per share, a year ago. Revenue totaled nearly $9.2 billion.
Analysts expected Humana to earn $1.49 per share, according to FactSet.
Xcel
First-quarter profit rose 22 percent from a year-earlier quarter hurt by tax adjustments, while revenue and adjusted earnings were essentially flat.
Last week, the utility reported a first-quarter profit of $203.6 million, or 42 cents a share, up from $167.1 million, or 36 cents a share, a year earlier. Excluding past tax adjustments and other items, prior-year adjusted earnings were also 42 cents a share. Revenue edged up 0.3 percent to $2.82 billion.
Forest Oil
A first-quarter loss came as the company saw sharp gains from hedging in the year-earlier quarter and lower commodity prices in the most recent quarter.
The Denver-based energy company reported a loss of $3.3 million, or 3 cents a share, down from a profit of $109.2 million, or 97 cents a share, a year earlier. Excluding items such as hedging and foreign-currency adjustments, earnings fell to 19 cents from 42 cents. Revenue fell 8.4 percent to $203.1 million.
DaVita
Net income fell to $94.5 million, or 96 cents per share, from a profit of $109.4 million, or $1.04 per share, in the same period last year. Revenue increased to $1.6 billion in the first quarter from $1.56 billion last year.
