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.
BUSINESS
By Steve Kilar and The Baltimore Sun | October 25, 2012
Corporate Office Properties Trust, the Columbia-based commercial real estate development and investment firm, lost $20.8 million during the third quarter of the year, though the cash it earned from operations was well above the amount it made during the same three-month period last year, the company announced Thursday. On a per share basis, COPT lost 39 cents. But COPT's funds from operations, often used by real estate investment firms to show their health, was $48.9 million during the quarter -- an increase of 15.5 percent over the amount earned during the third quarter of 2011, according to a statement from the company.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | October 25, 2012
Booming Under Armour Inc. announced Thursday that it earned $57 million in the third quarter, a 25 percent jump over the year-earlier period that was driven by strong demand for men's, women's and youth apparel and growing acceptance of the brand's footwear. Revenue surged nearly as much — 24 percent — at the Baltimore-based sports apparel maker, to $575 million in the three months ended Sept. 30. In last year's third quarter, Under Armour made $46 million on revenue of $466 million.
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.