Third-quarter profit falls 8.4 percent for Janus Capital
Janus Capital Group Inc., owner of the Janus, Perkins and Intech fund families, said third-quarter profit fell 8.4 percent as a 13th consecutive quarter of investor withdrawals offset gains from rising global stocks.
Net income decreased to $25.1 million, or 14 cents a share, from $27.4 million, or 15 cents, a year earlier, the Denver- based company said Thursday in a statement.
Apple. The gadget maker has a new iPhone, two new iPads and three new PCs as it heads into the holiday quarter, the biggest selling season of the year. But, paradoxically, it expects these new gadgets to bring down its profits compared to last year, because the new gadgets are expensive to make.
Net income in the fiscal fourth quarter was $8.2 billion, or $8.67 per share. That was up 24 percent from $6.6 billion, or $7.05 per share, a year ago.
Revenue was $36 billion, up 27 percent from a year ago.
Amazon. The e-retailer reported third-quarter results below Wall Street’s expectations on Thursday — including a large loss, weighed by its stake in online deals service LivingSocial and continued spending on its Kindle business and distribution centers.
Amazon posted a loss of $274 million, or 60 cents per share, in the July-September period. That’s down from earnings of $63 million, or 14 cents per share, a year earlier. Revenue grew 27 percent to $13.81 billion.
United Continental Holdings. Travelers stayed away from United Airlines, frustrated by technology glitches from its merger with Continental. And a huge accounting charge wiped out most of its profit.
Net income for United Continental Holdings Inc. dropped to $6 million, or 2 cents per share, from $653 million, or $1.69 per share, a year earlier.
Revenue fell 2.6 percent to $9.91 billion.
Xcel Energy. Colorado’s largest electricity utility said third-quarter earnings increased 18 percent as it reduced operating expenses, though revenue continued to decline.
Xcel reported a profit of $398.1 million, up from $338.3 million a year earlier. On a per-share basis, which includes the effect of preferred stock dividends in the year-ago period, earnings rose to 81 cents from 69 cents. Revenue fell 3.8 percent to $2.72 billion.
Analysts polled by Thomson Reuters expected a earnings of 73 cents a share.
Colgate-Palmolive. The consumer-products maker will cut more than 2,310 workers, or 6 percent of its workforce, by the end of 2016 in a push to make the company more efficient.
Colgate-Palmolive reported net income of $654 million, or $1.36 per share for the three-month period ended Sept. 30. That compares with $643 million, or 1.31 per share in the year-ago period. Revenue slipped 1 percent to $4.33 billion from $4.38 billion.
