Earnings roundup: General Growth, Radian

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

CHICAGO (AP) — Shares of troubled mall owner General Growth Properties Inc. plunged Wednesday after the company reported disappointing third-quarter results, cut its year-end forecast and said it needs to refinance $900 million in debt by the start of next month.

PHILADELPHIA (AP) — Mortgage insurer Radian Group Inc. posted a third-quarter profit Wednesday, reversing a year-ago loss and coming in well ahead of the sharp loss forecast by Wall Street. The company's stock soared on the results.

CHICAGO (AP) — Telephone and Data Systems Inc., owner of sixth-ranked wireless carrier U.S. Cellular Corp., said Wednesday its third-quarter net profit shrank 56 percent from a year ago as fixed-lined customers continued to decrease.

JACKSON, Mich. (AP) — CMS Energy Corp., which operates the gas and power utility Consumers Energy, said Wednesday third-quarter earnings slipped, but still beat Wall Street estimates.

HOUSTON (AP) — CenterPoint Energy Inc. said Wednesday more customers and greater energy usage drove third-quarter earnings up 49 percent to top Wall Street expectations by a wide margin.

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