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February 26, 2010
Sourcefire Inc., a Columbia cybersecurity company best known for its Snort intrusion-prevention technology, said Thursday that its net income nearly tripled in the fourth quarter of last year to $6.7 million, compared with a year earlier. Revenue was $35.3 million, up 37 percent from a year earlier. The company earned $8.9 million in profits in all of 2009, the first year since it went public in March 2007 that it wasn't in the red. One driver was a nearly twofold increase in sales to the federal government.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 24, 2014
Baltimore money manager T. Rowe Price said Thursday that net income rose nearly 26 percent in the first three months of the year, compared with a year earlier, and customers added money to portfolios rather than taking cash out — reversing an unusual trend in 2013. The company reported $304.3 million in net income during the first quarter, up from $241.9 million during the year-ago quarter. Total revenue rose 17 percent, to $954.6 million. That performance was fueled by rising investment advisory revenue, thanks to market gains and more money flowing in from clients.
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BUSINESS
By From Sun staff and news services | January 27, 2011
Stanley Black & Decker said Thursday that its fourth-quarter profit surged, fueled by acquisitions. The maker of hand tools and power tools and accessories also offered earnings guidance for this fiscal year above Wall Street forecasts. Net income rose to $137.8 million, or 81 cents per share, for the October-December period from $56.7 million, or 69 cents per share, a year ago. Stanley Works acquired Black & Decker in a $3.5 billion stock buyout approved in March 2010. The company now expects the Black & Decker acquisition will save $425 million by the end of 2012, more than the $350 million originally estimated.
NEWS
By Howard Leathers | February 4, 2014
It may be that some minimum wage earners would be harmed by an increase in the minimum wage because they would lose their jobs. But what about those who keep their jobs? A more surprising result is this: Some minimum wage earners who keep their jobs would be harmed by an increase in the minimum wage because the dollar value of the government benefits they would lose is higher than their increase in wages. This fact is illustrated by the Urban Institute's Net Income Calculator, which shows for various family configurations and income levels the "net income" - earnings after child care costs plus or minus the dollar value of taxes and subsidies - for the household.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | November 3, 2010
Sinclair Broadcast Group Inc. said Wednesday that net income dipped 4 percent in the third quarter and that earnings missed analysts' estimates of 21 cents per share, despite the company's reported gain in revenue that included higher-than-expected sales of political advertising. The Hunt Valley-based television station owner and operator reported net income attributable to the parent company of $14.3 million, or 18 cents per share, for the three months ending Sept. 30, compared with net income of $14.9 million, or 19 cents per share, in the third quarter of 2009.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 25, 2013
Micros Systems Inc., a maker of software for the hospitality and retail industries, reported third-quarter net income of $44.3 million Thursday, a 2.4 percent increase compared with the same period in 2013 and a record for a third quarter. The Columbia-based company said it also set third-quarter records for earnings per share and sales. Diluted earnings per share rose 3.8 percent to 55 cents per share, the company said. Sales grew 13.3 percent to $315.1 million for the quarter that ended March 31. "We continue to execute in a difficult environment and I am confident in our ability to meet not just the challenges but the opportunities which lie ahead," Micros CEO Peter A. Altabef said in a statement.
NEWS
By Hanah Cho, The Baltimore Sun | January 27, 2012
Baltimore money manager Legg Mason reported Friday its net income for the fiscal third quarter fell 54 percent as the company saw assets under management fall. Net income for the three months ending Dec. 31 was $28.1 million, or 20 cents per share, compared with $61.6 million, or 41 cents per share. Assets under management declined 7 percent to $627 billion, from $671.8 billion a year ago. Revenues were $627 million in the fiscal third quarter, down from $721.9 million a year earlier.
NEWS
By Lorraine Mirabella, The Baltimore Sun | May 30, 2012
Jos. A. Bank Clothiers Inc. reported a nearly 17 percent drop in net income during the first quarter, prompting the Hampstead-based retailer to alter its marketing strategy, the company said Wednesday. First-quarter net income decreased to $14.8 million, or 53 cents per share, from $17.8 million, or 64 cents per share, in the first three months of last year. Sales increased 4.2 percent, to $201.4 million, from $193.3 million in the first quarter of 2011, the company said. Sales at stores open at least a year and direct marketing sales both fell 1 percent in the quarter that ended April 28. Net income represented 7.4 percent of sales, compared with 9.2 percent in the comparable period last year, R. Neal Black, president and chief executive, said in a statement.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 24, 2014
Baltimore money manager T. Rowe Price said Thursday that net income rose nearly 26 percent in the first three months of the year, compared with a year earlier, and customers added money to portfolios rather than taking cash out — reversing an unusual trend in 2013. The company reported $304.3 million in net income during the first quarter, up from $241.9 million during the year-ago quarter. Total revenue rose 17 percent, to $954.6 million. That performance was fueled by rising investment advisory revenue, thanks to market gains and more money flowing in from clients.
BUSINESS
October 17, 1990
Hit by the declining real estate market and a slowing economy, Signet Banking Corp. reported an 83.8 percent drop in third quarter net income.Signet, the Richmond-based company with major operations in Maryland, had a net income of $4.5 million, or 17 cents a share, compared with $27.8 million, or $1.04 a share, for the 1989 third quarter.During the first nine months, the company earned $34.6 million, or $1.30 a share, compared with $90.6 million, or $3.33 a share, for the same period a year ago."
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | October 23, 2013
Chemical maker W.R. Grace & Co. said Wednesday that its income in the third quarter fell 8 percent from a year earlier as it continues to deal with challenges in its catalysts business, which includes products used in oil refining. But its earnings per share — after the Columbia company adjusted out costs related to its long-running bankruptcy proceedings, asbestos claims and business lines it no longer has — came in at $1.07 for the July through September period, beating market expectations of $1. Adjusted earnings were $1.04 per share a year ago, the company said.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 7, 2013
Sinclair Broadcast Group Inc.'s second-quarter net income fell 41 percent, to $17.8 million, or 19 cents a share, from $30.1 million, or 37 cents a share, in the same period a year earlier but beat Wall Street's expectations. Profits for the three months that ended June 30 included a $16.3 million, onetime loss from the extinguishment of debt, the Hunt Valley-based broadcaster reported. Earnings would have been 30 cents a share without the loss from paying down debt, the company said.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | May 20, 2013
Jos. A. Bank Clothiers Inc.'s top executive, R. Neal Black, earned $2.9 million last year, a decrease from the $4 million in compensation Black earned in 2011, the Hampstead-based men's apparel retailer said. Executive compensation for CEO Black, who also serves as the company's president, included a base salary of $806,492 and $1.96 million in stock awards, Bank reported in a filing Friday with the U.S. Securities and Exchange Commission. In 2011, Black's earnings also included $1.2 million in non-equity incentive plan compensation.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 25, 2013
Micros Systems Inc., a maker of software for the hospitality and retail industries, reported third-quarter net income of $44.3 million Thursday, a 2.4 percent increase compared with the same period in 2013 and a record for a third quarter. The Columbia-based company said it also set third-quarter records for earnings per share and sales. Diluted earnings per share rose 3.8 percent to 55 cents per share, the company said. Sales grew 13.3 percent to $315.1 million for the quarter that ended March 31. "We continue to execute in a difficult environment and I am confident in our ability to meet not just the challenges but the opportunities which lie ahead," Micros CEO Peter A. Altabef said in a statement.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 24, 2013
Chemical maker W.R. Grace & Co. said Wednesday that its net income in the first quarter fell about 13 percent from the year-earlier period, in line with its warning to investors and analysts earlier in the month. The Columbia company said sales volumes didn't drop, but revenue took a hit as a result of lower pricing and an unfavorable change in the Venezuelan exchange rate. "Sales and earnings were below our expectations," CEO Fred Festa said in a statement. W.R. Grace said it produced $52.9 million in net income during the first three months of the year, compared with $60.9 million in the first quarter of last year.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 10, 2013
Chemical maker W.R. Grace & Co. on Wednesday announced preliminary first-quarter net income of $52 million to $53 million, or 68 cents to 69 cents per diluted share. Grace, based in Columbia, will report full earnings April 24 for the quarter that ended March 31. The company had reported earnings of $60.9 million, or 80 cents per diluted share, for the first quarter of 2012. Preliminary results for the most recent quarter show operating income of $77 million for the catalysts technologies division, with sales of about $266 million, Grace said.
BUSINESS
By Chris Korman, The Baltimore Sun | January 31, 2013
Under Armour CEO Kevin Plank, bolstered by fourth-quarter and year-end revenue numbers that exceeded projections, made bold promises about the future of his Baltimore-based company during its fourth-quarter earnings call Thursday. Amid a reorganization of the footwear department and questions about how the sector was performing, Plank laid out a plan to continue building profit by focusing on shoe sales and through short, intense bursts of marketing meant to better spread word about new products.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | September 27, 2012
Spice maker McCormick & Co. Inc. said Thursday that its profit grew more than 13 percent in the third quarter, thanks to new products, acquisitions and strength in emerging markets. The Sparks-based maker of spices and flavorings raised its full-year earnings expectations to a range of $3.03 to $3.08 per share to reflect a more favorable tax rate. For the three months ended Aug. 31, McCormick reported net income of $104.4 million, or 78 cents a share, compared with net income of $92 million, or 69 cents a share, in the comparable period a year earlier.
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