BUSINESS
By Bloomberg Business News | October 13, 1992
HOUSTON -- The value of initial public stock offerings by non-financial companies dropped 58 percent, or more than $3.5 billion, in the third quarter to the lowest level since the first quarter of 1991, according to a survey released yesterday.Seventy-six non-financial IPOs raised $2.47 billion during the third quarter, down from $5.97 billion in the second quarter, according to the study by Sommers & Associates.Financial offerings more than doubled, to $5.77 billion, in the third quarter, from $2.33 billion in the second quarter, with more than 80 percent going into investment funds.
BUSINESS
October 30, 1991
USF&G Corp., the Baltimore-based insurance company, lost $25 million in the third quarter, about two-thirds more than the 1990 third-quarter loss of $15 million.On a per share basis, the loss was double -- 44 cents compared to 22 cents.Revenues for the third quarter were $980 million, down 14 percent from revenues of $1.12 billion in the previous third quarter.The company said the third-quarter results were primarily due to a 15 per cent decline in premiums resulting from the company's pullout from states where it says its business is unprofitable.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | November 2, 2002
Struggling with a worse-than-expected industrywide revenue slump, US Airways Group Inc. reported a $335 million third-quarter net loss yesterday and restated its need to cut costs deeper than once anticipated. The loss of $4.92 per share follows an Aug. 11 bankruptcy filing and months of restructuring that has resulted in thousands of layoffs and flight reductions. Sales in the quarter fell 12 percent to $1.75 billion. Though the loss was an improvement over last year's third-quarter deficit of $766 million, or $11.42 per share, the slow industry recovery prompted the Arlington, Va.-based airline to recently announce hundreds of additional layoffs.
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.
BUSINESS
October 28, 2001
Home remodeling spending continued to decline in the third quarter of this year, but Harvard University's Joint Center for Housing Studies said that it's still too early to determine the impact of the events of Sept. 11 on the remodeling market. The Joint Center releases its Remodeling Activity Indicator each quarter, which tracks the pace of homeowner remodeling activity. In the third quarter, remodeling spending slipped 0.3 percent when compared with the third quarter last year, to $103.
BUSINESS
By Michael Dresser | November 27, 1991
Hechinger Corp., the Landover-based home improvement chain, overcame a third quarter that was difficult for most retailers and posted a 33 percent earnings gain, the company said yesterday. Net earnings were $6.5 million, compared with $4.9 million in 1990's third quarter.Despite that earnings surge, and an increase in quarterly revenues to $400.6 million, two retail analysts said that they were cutting their projections of Hechinger's fourth-quarter profits."In a pretty punk economy, they posted some pretty good results," said Budd Bugatch, research director at Ferris Baker Watts in Baltimore.