Earnings roundup: CapitalSource, Transocean

Among the earnings stories for Wednesday, Nov. 5, from AP Financial Desk News:

CHEVY CHASE, Md. (AP) — CapitalSource Inc., a commercial lender focused on the middle market, said Wednesday its third-quarter profit fell 72 percent as loan losses mounted amid the ongoing economic downturn.

HOUSTON (AP) — Transocean Inc., the world's largest offshore drilling contractor, said its third-quarter profit rose 13.7 percent as out-of-service time for shipyards decreased.

HOUSTON (AP) — Quanta Services Inc., which builds and maintains energy infrastructure, said Wednesday its third-quarter earnings rose 11 percent, as heightened demand drove revenue sharply higher.

MELVILLE, N.Y. (AP) — Medical-products supplier Henry Schein Inc. said Wednesday third-quarter profit rose 15 percent and that it would cut 300 jobs and close several small facilities amid expectations for a weaker economy.

ATLANTA (AP) — Radio station operator Cox Radio Inc. said Wednesday its third-quarter profit fell 21 percent on declining revenue and softening economic conditions, but the results still managed to surpass analysts' estimates.

SANTA ANA, Calif. (AP) — For-profit education company Corinthian Colleges Inc. said Wednesday its fiscal first-quarter profit more than doubled, as a weaker economy helped boost its student population.

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