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By BLOOMBERG NEWS | August 6, 2002
CINCINNATI - Procter & Gamble Co., the largest U.S. household-goods maker, reported a fourth-quarter profit yesterday as sales of its Cover Girl cosmetics and Crest toothbrushes rose. Some investors were disappointed by the company's slower-than-expected revenue growth, although it raised its quarterly profit forecast. Net income was $910 million, or 64 cents a share, compared with a loss of $320 million, or 23 cents, in the corresponding period a year earlier. Sales increased 6.1 percent to $10.2 billion in the three months that ended June 30, less than some analysts' estimates of a gain of as much as 7 percent.
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BUSINESS
By Chris Korman | January 31, 2013
Baltimore-based apparel manufacturer Under Armour announced fourth-quarter profits of $506 million, representing a 25 percent increase from the same period in 2011. The company also announced its full-year revenues of $1.835 billion represented a 25 percent increase, year over year. "We closed 2012 strongly, delivering net revenue growth of at least 20% for the eleventh consecutive quarter in Q4 by building upon key apparel technology platforms like Storm Fleece and Charged Cotton," Under Armour founder and CEO Kevin Plank said in a statement.
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BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | April 25, 1997
Integrated Health Services of Owings Mills reported first-quarter earnings of $18.4 million yesterday, up 34 percent from the $13.8 million recorded in the first quarter last year.Net income was 61 cents per share -- beating consensus analysts' estimates of 57 cents. Per-share earnings were 54 cents in the same period in 1996.Revenue for the first quarter was $461.1 million, up 41 percent from $327.6 million in 1996.Marc B. Levin, executive vice president, said 11 to 14 percentage points of the revenue growth came in businesses the company held last year, while the balance came from acquisitions, particularly in the area of home health care.
NEWS
By Gus G. Sentementes, The Baltimore Sun | August 8, 2012
Millennial Media, a Baltimore-based company that runs a global network of advertising on smartphones, tablets and other mobile devices, said Wednesday that it had a lower-than-expected loss in its second quarter as revenues soared by more than 75 percent. The company, which went public in March in a $1.8 billion offering, said it lost $2.2 million in the second quarter, which ended June 30, compared to $152,000 in the year-earlier period. Millennial reported a loss of 3 cents per share, beating Wall Street analysts' estimates of 5 cents per share.
NEWS
By Gus G. Sentementes, The Baltimore Sun | August 8, 2012
Millennial Media, a Baltimore-based company that runs a global network of advertising on smartphones, tablets and other mobile devices, said Wednesday that it had a lower-than-expected loss in its second quarter as revenues soared by more than 75 percent. The company, which went public in March in a $1.8 billion offering, said it lost $2.2 million in the second quarter, which ended June 30, compared to $152,000 in the year-earlier period. Millennial reported a loss of 3 cents per share, beating Wall Street analysts' estimates of 5 cents per share.
NEWS
By Tom Pelton and Tom Pelton,SUN STAFF | March 19, 2003
With the economy sagging and state cuts likely, Mayor Martin O'Malley's administration will propose today a lean budget for the year starting July 1 that won't raise taxes but may require the elimination of 71 jobs through retirements, transfers or layoffs. The recommended $2.1 billion budget for fiscal 2004 would be 2.6 percent larger than the current year's budget, according to a briefing that acting budget Director Edward J. Gallagher gave to the mayor's Cabinet yesterday. "Our revenue growth is extremely flat," said Gallagher.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | July 7, 2001
Four Maryland companies are among the 100 fastest growing publicly held small businesses, according to the latest issue of Fortune Small Business. Companies were ranked based on three criteria: earnings growth, revenue growth and total stock return including dividends. The rankings were averaged to find the fastest growing, according to the magazine. Combined, the companies delivered $2.68 billion in net income in 2000 while employing 76,568 people. Thirty-seven percent were tech firms.
BUSINESS
By Andrew Ratner and Andrew Ratner,SUN STAFF | March 10, 2001
Shares of Tessco Technologies Inc. fell 22 percent yesterday after the Hunt Valley telecommunications equipment maker lowered its expectations for its fourth quarter and fiscal year, which end April 1. Tessco shares fell $3.63, to close at $12.88 on the Nasdaq stock market yesterday. The company blamed its lower expectations on reduced demand for wireless telecommunications products, excess inventories and an overall tightening of capital investments in an anxious economy. It expects revenue growth of about 5 percent for the 2001 fiscal fourth quarter compared with a year ago, with earnings per share in the break-even to 5-cent range.
BUSINESS
By BLOOMBERG BUSINESS NEWS | September 26, 1995
Sunnyvale, Calif. -- Advanced Micro Devices Inc. said it expects third-quarter sales and earnings to fall from the previous quarter because of big price cuts on a chip used in personal computers.The semiconductor company shipped the same number of AM486 microprocessors as in the previous quarter, although at "sharply lower prices," it said in a statement yesterday.The slowdown in revenue growth from the AM486 chip probably will continue through the year until Advanced Micro starts shipping a more powerful chip in 1996, the company said.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | February 27, 1998
Capping a year of rising revenue and profit, Baltimore-based Sylvan Learning Systems Inc. announced a record fourth quarter and a three-for-two stock split yesterday.For the quarter ended Dec. 31, Sylvan posted a $11.8 million profit, or 38 cents a share, diluted, beating by 2 cents the consensus of seven analysts surveyed by IBES International. That's more than double the $5.6 million profit of the last quarter in 1996, which represented 22 cents a share.Revenue for the quarter was $78.2 million, up 51 percent from $51.7 million in the corresponding quarter a year earlier.
NEWS
By Bill Henry | June 7, 2012
Since last November, Baltimore MayorStephanie Rawlings-Blakehas been trying to raise $11 million in new revenue for her Better Schools Initiative by continuing the city's existing bottle tax, increasing that tax by 150 percent, and contributing 10 percent of the projected revenue from the proposed downtown casino. In an editorial this week, the Baltimore Sun intimates that the City Council should accept this proposal, since "no viable alternative has emerged. " I beg to differ. One viable alternative, proposed months ago, would be to use a substantially larger percentage of the projected casino revenue.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | January 29, 2010
Under Armour's New Year's resolution: Make it a rebuilding year. The Baltimore company, known for its athletic clothing that wicks sweat from the body, will open 15 new outlet stores, revamp its running shoes, upgrade its information technology systems, invest in its Web business and focus more on designing new products. But all the new investment also means that spending and costs will outpace revenue growth, Brad Dickerson, Under Armour's chief financial officer, said in a quarterly earnings conference call with analysts Tuesday.
NEWS
By Joel Yesley | January 26, 2009
The Alliance for a Better Columbia is committed to lowering the Columbia Association's annual assessment charge by 7 percent in next year's budget. Eliminating the payment of bonuses, which have increased by one-third over the past three years, would be a major step in this direction. Imposing some limits on the growth of employee benefits, which are set to increase by 45 percent from 2007 to 2010, would also be warranted. Corporations and local governments are responding to the current financial storm by controlling employee costs.
NEWS
By Larry Carson and Larry Carson,larry.carson@baltsun.com | January 18, 2009
Howard County Executive Ken Ulman strongly endorsed completion of a plan for central Columbia's redevelopment in a speech before 400 people at a Chamber of Commerce luncheon last week. The speech also noted how the slumping national economy is hurting county finances, but Ulman said the plan should be finished, even as General Growth Properties, the town's master developer, experiences severe financial problems. "I am troubled by the false notion that because there are unknowns about the economy and GGP's future, we should put the planning process on hold," he said.
NEWS
By Andrew A. Green and Andrew A. Green,sun reporter | March 10, 2007
Maryland's Board of Revenue Estimates said yesterday that tax collections will be about $50 million less than expected in the current fiscal year and the next, a further sign that softening in the economy will exacerbate the state's budget problems in the next few years. Some fiscal leaders in Annapolis had worried that the revenue drop-off would be much worse, forcing Gov. Martin O'Malley and the General Assembly to make immediate, deep reductions to the current budget and the one now being debated in the legislature.
BUSINESS
By Bloomberg News | September 7, 2006
DALLAS -- Southwest Airlines Co., Continental Airlines Inc. and other U.S. airlines, which have raised fares this year as demand increased, say that security procedures instituted last month held down ticket prices and reduced revenue growth. Travelers balked at paying the highest fares in August in the midst of increasingly cumbersome security. That offset a rise in passengers, damping revenue per seat flown a mile at Southwest, Continental and US Airways Group Inc., traffic reports show.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | April 24, 1998
In a quarterly earnings sheet that met most expectations but still failed to impress Wall Street, Bell Atlantic Corp. reported net income of $893.4 million for the first quarter, or $1.15 per basic share.This was a 28 percent increase from last year, when the phone company had $698.2 million in first-quarter earnings, or 90 cents per basic share.The first-quarter figures include $152 million in charges related to Bell Atlantic's merger with Nynex Corp. and the company's offer of enhanced pension plans.
BUSINESS
By JAMIE SMITH HOPKINS and JAMIE SMITH HOPKINS,SUN REPORTER | January 26, 2006
Three out of every four companies in Maryland expect to add jobs this year, buoyed by revenue growth and their perception of a favorable business climate, according to a University of Baltimore survey released yesterday. The study, primarily funded by state agencies, polled 250 businesses in the final three months of last year. It is conducted quarterly, though the university said it is unclear if it will continue because coordinators have yet to find enough sponsors to cover this year's $63,000 tab. Businesses' expectations for 2006 are high: 73 percent predicted employment growth and 77 percent anticipated revenue growth, the survey found.
BUSINESS
By JAMIE SMITH HOPKINS and JAMIE SMITH HOPKINS,SUN REPORTER | January 26, 2006
Three out of every four companies in Maryland expect to add jobs this year, buoyed by revenue growth and their perception of a favorable business climate, according to a University of Baltimore survey released yesterday. The study, primarily funded by state agencies, polled 250 businesses in the final three months of last year. It is conducted quarterly, though the university said it is unclear if it will continue because coordinators have yet to find enough sponsors to cover this year's $63,000 tab. Businesses' expectations for 2006 are high: 73 percent predicted employment growth and 77 percent anticipated revenue growth, the survey found.
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