Earnings News Headlines

NEW YORK (Reuters) - Americans' low use of healthcare services has proved a boon to health insurers over the past two years, reducing medical claim costs and raising profits. The growing view on Wall Street is that those days are over. A series of first-quarter earnings disappointments for health insurers in the past month …

International ratings agency Moody's said it has downgraded the ratings on several Swedish and a Norwegian bank by up to two notches, citing concerns over their funding position and modest earnings.

TORONTO (Reuters) - Concerns about lending growth and European exposure pushed Royal Bank of Canada's shares down nearly 3 percent to a 2012 low on Thursday, while rival Toronto-Dominion Bank rose slightly after its quarterly profit topped estimates. RBC, Canada's biggest bank, reported a 7 percent drop in second-quarter …

NAIROBI (Reuters) - Kenyan tea and coffee producer Sasini said on Thursday its first-half profit plunged 71 percent to 178 million shillings due to rising input costs and lower international prices despite increased revenues. Sasini said its basic and diluted earnings per share fell to 0.78 shillings compared with 1.86 …

WASHINGTON (Reuters) - The banking industry enjoyed its highest earnings since the first half of 2007 in the first quarter, but lending slowed, reversing what had been an encouraging trend in loan growth. The Federal Deposit Insurance Corp's quarterly report, released on Thursday, showed the industry earned $35.3 billion …

Car-repair shop operator Monro Muffler Brake Inc. said Thursday that its fiscal fourth-quarter net income climbed 28 percent with higher revenue, especially from opening new stores, but the results and the company's outlook for the current quarter and year's earnings fell short of Wall Street forecasts, and Monro's shares …

U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.

(Reuters) - Aircraft equipment supplier Wesco Aircraft Holdings Inc said it will buy Canadian fasteners distributor Interfast Inc for C$134 million ($130.32 million) in cash. Wesco said the acquisition will not have a material impact on adjusted earnings in 2012 but will add to earnings from fiscal 2013. Toronto-based Interfast …

(Reuters) - Royal Bank of Canada reported a 7 percent decline in quarterly earnings as an acquisition-related loss obscured strength in its domestic banking and capital markets-related businesses. RBC, Canada's largest bank, said on Thursday that net income from continuing operations was C$1.56 billion ($1.52 billion), …

LISBON (Reuters) - Angola's foreign exchange reserves rose to $27.81 billion in April from a revised $26.79 billion in March, the central bank said in a statement posted on its website on Thursday. The central bank had earlier this month said reserves at the end of March stood at $26.77 billion. Angola, which is Africa's …

NAIROBI (Reuters) - Kenya's CFC Stanbic bank, the main business of CFC Holdings, posted a 61 percent jump in pretax profit for the first quarter, propelled by higher income, it said on Thursday. Ranked among the largest banks in the east African nation, CFC is controlled by South Africa's Standard Bank through CFC Holdings, …

LONDON (Reuters) - Strong growth in Africa and Latin America helped global brewer SABMiller offset a fall in beer drinking in Europe and North America, as the Grolsch and Peroni maker beat forecasts with a 12 percent rise in full-year earnings. The world's second biggest brewer earns 70 percent of its profit from fast-growing …

Hewlett-Packard CEO Meg Whitman has quantified the painful price that must be paid for the missteps of her predecessors as she tries to turn around the Silicon Valley pioneer. The bungling will wipe out 27,000 jobs so HP can save enough money to lift its earnings and invest in the development of more profitable products …

Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:

JOHANNESBURG (Reuters) - South African stocks tumbled to a 4-1/2 month low on Tuesday as skittish investors dumped index heavyweights such as Lonmin, as part of a global equity sell-off on nagging concerns about the European debt crisis. Retailers were also hit, with South Africa's third-largest listed clothing retailer, …

(Reuters) - As Facebook Inc officials traveled the country to talk up the company's $16 billion initial public offering, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, according to people with direct knowledge of the matter. The advice came around May 9, the day the …

Hhgregg Inc.'s fiscal fourth-quarter earnings swelled as the electronics and appliance retailer collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.

JOHANNESBURG, MAY 23 - South Africa's third-largest listed clothes retailer Mr Price Group Ltd booked an expected 19 percent rise in full-year profit on Wednesday, as above-inflation wage increases and decades-low interest rates lift consumer spending. Mr Price, which caters for lower-income shoppers in Africa's top economy, …

TORONTO (Reuters) - Canaccord Financial Inc reported a fiscal fourth-quarter net loss on Wednesday, hurt by lower revenues from its trading and investment banking businesses, and higher costs tied to restructuring and acquisition-related items. The Toronto-based financial services provider reported a net loss of C$31.8 …

(Reuters) - MetLife Inc , the largest U.S. life insurer, said it plans to refocus its U.S. business and will seek to grow in emerging markets as part of a strategic plan that is set to be unveiled later on Wednesday. By 2016, MetLife said it expects to increase its return on equity to between 12 percent and 14 percent, …

(Reuters) - As Facebook officials traveled the country to talk up the company's $16 billion initial public offering this month, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, said people with direct knowledge. Facebook decided to tell analysts to cut estimates due …

SAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced their financial estimates for the soon-to-be-public company following the release of a revised prospectus on May 9 that noted the negative impact of mobile users on Facebook's business. …

Key financial statistics for Facebook, Apple and Google. Projections for 2012 are among analysts surveyed by FactSet. Price-to-earnings ratios are based on Tuesday's close.