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Earnings roundup: Crane, McGraw-Hill
By The Associated Press | 28 Oct 2008 | 06:43 PM ET
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Among the earnings stories for Tuesday, Oct. 28, from AP Financial News:

PORTLAND, Ore. (AP) — Shares of Crane Co. plunged to a 13-year low Tuesday after the Stamford, Conn.-based industrial products company reported a disappointing quarter and lowered its outlook for the year.

NEW YORK (AP) — McGraw-Hill Cos., which publishes textbooks and BusinessWeek magazine and owns credit ratings agency Standard & Poor's, said Tuesday that third-quarter earnings fell 14 percent due to restructuring charges and declines in the credit and education markets.

BOISE, Idaho (AP) — American Ecology Corp., a hazardous-waste services company, reported a 5.5 percent drop in third-quarter earnings Tuesday that missed analysts' estimates.

MILWAUKEE (AP) — Metavante Technologies Inc., a provider of banking and payments technologies, said Tuesday that it expects to exceed its earlier forecast for 2008 earnings and reported its third-quarter profit.

NAPLES, Fla. (AP) — Hospital operator Health Management Associates Inc. said Tuesday its profit tumbled 79 percent in the third quarter, hurt by greater operating expenses and debt refinancing costs.

DES MOINES, Iowa (AP) — Shares of AmeriCredit Corp. fell to their lowest level in five years after the auto dealer finance company late Monday reported it swung to a fiscal first-quarter loss and analysts indicated concerns about liquidity.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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