Earnings roundup: Group 1, Sealed Air
Earnings roundup: Group 1 profit drops in 4Q, loss narrows for Bubble Wrap owner Sealed Air
Among the earnings stories for Tuesday, Feb. 19, from The Associated Press:
— Auto dealer Group 1 Automotive Inc. said its fourth-quarter net income fell 18 percent as expenses rose and impairment charges increased.
— Shares of Sealed Air Corp., the owner of Bubble Wrap, are popping after it reported a narrower loss in the fourth quarter and predicted better results for this year.
— Omnicare Inc., which dispenses drugs for nursing homes and other long-term care centers, said its net income almost doubled in the fourth quarter compared to a year ago, when its results were weighed down by litigation costs.
