Forest Oil
The Denver-based oil-and-gas company’s third-quarter earnings rose 20 percent amid hedging impacts and contributions from its former Lone Pine unit.
Forest Oil reported a profit of $82.8 million, or 72 cents a share, up from $68.9 million, or 60 cents a share, a year earlier. Excluding items such as hedging and foreign-currency adjustments, earnings fell to 32 cents from 37 cents. Revenue edged down slightly to $174.1 million.
Ciber
The Greenwood Village-based technology-consulting and -services firm announced Tuesday that it posted an 8 percent drop in net income during the third quarter.
The company reported a profit of $3.1 million, or 4 cents a share, on revenue of nearly $271 million. During the same quarter a year ago, the company posted a profit of $3.4 million on revenue of $266 million.
Gaylord Entertainment
Shares of the operator of the Grand Ole Opry plunged 12.6 percent Tuesday to close at $20.44 after it posted a third- quarter loss.
Gaylord, which is proposing a 1,500-room, $824 million hotel and conference center near Denver International Airport, reported a net loss of $1.6 million, or 3 cents a share, for the quarter ended Sept. 30, compared with a loss of $31.8 million, or 67 cents a share, in the same period last year. Revenue increased 42.3 percent to $225.2 million.
Valero Energy
Profit soared in the third quarter as the company cut raw-material costs while the price of gasoline and other fuels increased.
Valero reported net income of $1.2 billion, or $2.11 a share, for the three months ended Sept. 30. That compares with $292 million, or 51 cents a share, a year earlier. Revenue rose 60.4 percent to $33.7 billion.
HCA
The biggest U.S. hospital operator said third-quarter profit fell 75 percent after it spent money to pay down debt.
Net income dropped to $61 million, or 11 cents a share, from $243 million, or 55 cents a share, a year earlier. Revenue rose 5.3 percent to $8.05 billion.
