GO
Loading...

Earnings roundup: BofA, AMR

Among the earnings stories for Wednesday, Oct. 17, from The Associated Press

Top stories:

_ American Airlines parent company AMR lost $238 million in the third quarter on employee severance payouts and other costs related to its bankruptcy.

_ Bank of America Corp. narrowly turned a profit from July through September, good enough to beat Wall Street expectations.

Other stories:

_ The Bank of New York Mellon's net income rose 11 percent in the third quarter, as the company slashed expenses and collected more fees for managing investments.

_ Textron Inc. said its third-quarter net income rose 6 percent on higher demand for Bell helicopters and a strong performance from its industrial unit.

_ Quest Diagnostics Inc.'s third-quarter earnings slipped 5 percent, as restructuring costs and a drop in clinical testing revenue hurt the medical laboratory operator's performance.