Freddie Mac. The mortgage giant earned $5 billion from April through June, the seventh straight profitable quarter.
The second-quarter gain reported Wednesday compares with net income of $3 billion in the same period of 2012.
Freddie will pay a dividend of $4.4 billion to the U.S. Treasury next month and is requesting no additional aid.
Once the second-quarter dividend is paid, Freddie will have repaid $41.4 billion of the roughly $71.3 billion it received from taxpayers.
Time Warner. Investments in mythical kingdoms, alien invasions and a famously flamboyant musician are paying off for the owner of HBO, CNN, TNT and Warner Bros.
For the April-June period, Time Warner Inc. earned $771 million, or 81 cents per share. That’s up from $413 million, or 42 cents per share, a year ago. Excluding items, the company earned an adjusted 83 cents per share for the recent quarter.
Revenue rose 10 percent to $7.44 billion.
The results beat Wall Street’s predictions, and the New York-based company raised its full-year guidance.
First Solar. The solar panel maker’s second-quarter profit slumped 70 percent on a sharp drop in sales, as it trimmed expectations for the year.
In the latest quarter, First Solar posted a profit of $33.6 million, or 37 cents a share, down from $111 million, or $1.27 a share, a year earlier. Excluding restructuring-related impacts, adjusted profit fell to 39 cents from $1.65 a share.
Net sales fell 46 percent to $519.8 million.
Analysts surveyed by Thomson Reuters had expected a profit of 52 cents a share and $721 million in sales.
Tw Telecom. Second-quarter earnings for the Douglas County-based company fell 10 percent, reflecting higher depreciation expenses, although the business ethernet provider’s top line was higher amid continuing growth in its data-and-Internet revenue.
Tw Telecom reported a profit of $17.3 million, or 11 cents a share, down from $19.3 million, or 13 cents a share, a year earlier. Revenue increased 6.9 percent to $389.5 million.
Analysts polled by Thomson Reuters recently expected per-share profit of 12 cents and revenue of $386 million.
Mondelez International. The Oreo cookie maker reported a better-than-expected profit Wednesday
For the quarter ended June 30, the company earned $616 million, or 34 cents per share. That compares with $1.03 billion, or 58 cents per share, a year ago.
Revenue edged up to $8.6 billion.
