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Earnings roundup: Time Warner, Duke Energy
By The Associated Press | 05 Nov 2008 | 01:07 PM ET
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Among the earnings stories for Wednesday, Nov. 5, from AP Financial Desk News:

Top stories:

NEW YORK (AP) — Time Warner Inc. reported third-quarter profits Wednesday that beat Wall Street expectations, even as its AOL online unit continued to weigh down the company with a 6 percent decline in advertising revenue.

Other stories:

CHARLOTTE, N.C. (AP) — Duke Energy Corp. said Wednesday its third-quarter profit fell 65 percent due to what the company called the worst Midwest storm-related outages ever, worsening economic conditions and mild weather.

FRANKLIN LAKES, N.J. (AP) — Pharmacy benefits manager Medco Health Solutions Inc. said Wednesday its third-quarter profit rose 38 percent on higher prices for brand name drugs and new clients, topping Wall Street forecasts.

NORWELL, Mass. (AP) — Waste management services provider Clean Harbors Inc. reported Wednesday a 13 percent jump in third-quarter profit on a double-digit increase in sales.

NEW YORK (AP) — Cosmetics maker Revlon Inc. said Wednesday it swung to a third-quarter profit on a one-time gain from the sale of a unit.

LINCOLNSHIRE, Ill. (AP) — Office-products maker Acco Brands Corp. said Wednesday it swung to a third-quarter loss, hurt by restructuring and impairment charges and lower demand for products amid a weak economic environment.

TULSA, Okla. (AP) — Dollar Thrifty Automotive Group Inc. said Wednesday its third-quarter profit rose 67 percent as lower losses from derivatives offset a drop in vehicle rental revenue.

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 This material may not be published, broadcast, rewritten or redistributed.

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