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Latest Generally Accepted Accounting Principles Stories

2014-10-21 08:36:59

ATLANTA, Oct. 21, 2014 /PRNewswire/ -- Third Quarter Highlights -- Q3 Net Sales increased $49.3 million or 4.9%, after adjusting for the impact of divested businesses. -- Q3 Adjusted Earnings per Diluted Share increased to $0.17 versus $0.12 in the prior year period. -- Q3 Adjusted EBITDA increased to $190.6 million versus $175.2 million in the prior year period. -- Q3 Adjusted EBITDA margin was 18.2% versus 15.1% in the prior year...

2014-10-21 08:36:50

MILWAUKEE, Oct. 21, 2014 /PRNewswire/ -- A. O. Smith Corporation (NYSE:AOS) today announced third quarter net earnings of $50.6 million or $0.56 per share compared with $46.2 million or $0.50 per share last year. http://photos.prnewswire.com/prnvar/20130724/CG52107LOGO Third quarter 2014 adjusted earnings of $53.5 million or $0.59 per share were over six percent higher than third quarter 2013 adjusted earnings of $50.4 million or $0.54 per share. Sales of $581.6 million for the...

2014-10-21 08:28:27

NEW YORK, Oct. 21, 2014 /PRNewswire/ -- Omnicom Group Inc. (NYSE-OMC) today announced that its worldwide revenue in the third quarter of 2014 increased 7.4% to $3,749.6 million from $3,490.5 million in the third quarter of 2013. Domestic revenue for the third quarter of 2014 increased 10.0% to $1,996.3 million compared to $1,815.5 million in the third quarter of 2013. International revenue increased 4.7% to $1,753.3 million compared to $1,675.0 million in the third quarter of 2013....

2014-10-21 08:21:48

CHARLOTTE, N.C., Oct. 21, 2014 /PRNewswire/ -- Sonic Automotive, Inc. (NYSE: SAH), one of the nation's largest automotive retailers, today reported net income from continuing operations for the third quarter of 2014 of $24.6 million, or $0.47 per fully diluted share. Net income from continuing operations for the third quarter of 2013 was $24.7 million, or $0.46 per fully diluted share. Results for the third quarter of 2014 include a net pre-tax gain of approximately $0.8 million, or $0.01...

2014-10-21 08:21:38

Delivers strongest financial results in company's history CALGARY, Oct. 21, 2014 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced record Q3 2014 financial results. Net income in the third quarter rose to a record $400 million, or $2.31 per diluted share, from $324 million, or $1.84 per share, in the third quarter of 2013. This represents an increase of 26 percent in earnings per share year-over-year. THIRD-QUARTER 2014 RESULTS COMPARED WITH THIRD-QUARTER...

2014-10-21 08:21:19

-- Net sales decreased 2 percent to $11.1 billion BETHESDA, Md., Oct. 21, 2014 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today reported third quarter 2014 net sales of $11.1 billion compared to $11.3 billion in the third quarter of 2013. Net earnings from continuing operations in the third quarter of 2014 were $888 million, or $2.76 per diluted share, compared to $842 million, or $2.57 per diluted share, in the third quarter of 2013. Cash from operations in the third quarter of...

2014-10-21 08:21:06

Record third quarter EPS from continuing operations of $1.08 per diluted share, up 19% over prior year quarter adjusted EPS from Continuing Operations DULUTH, Ga., Oct. 21, 2014 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported income from continuing operations for the third quarter of 2014 of $32.4 million, or $1.08 per diluted share, versus adjusted income from continuing operations in the third...

2014-10-21 08:20:48

- EPS of $2.04, up 32% (up 12% to $1.82 ex. restructuring and one-time items) HARTFORD, Conn., Oct. 21, 2014 /PRNewswire/ -- United Technologies Corp. (NYSE:UTX) reported third quarter earnings per share of $2.04 and net income attributable to common shareowners of $1.9 billion, up 32 percent and 31 percent respectively over the year ago quarter. Results for the current quarter include $0.22 per share of favorable one-time items net of restructuring costs. Earnings per share in the year ago...

2014-10-20 20:22:08

FORT WAYNE, Ind., Oct. 20, 2014 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2014 net sales of $2.3 billion and net income of $91 million, or $0.38 per diluted share, which includes the negative impact of approximately $0.09 per diluted share related to acquisition costs, financing fees, and the effect of purchase accounting adjustments for the Severstal Columbus, LLC acquisition that occurred mid-September. The acquisition and financing costs...

2014-10-20 16:30:41

Conference call on TI website at 4:30 p.m. Central time today DALLAS, Oct. 20, 2014 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported third-quarter revenue of $3.50 billion, net income of $826 million and earnings per share of 76 cents. Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments: -- "Revenue for the quarter was solidly in the upper half of our expected...


Word of the Day
ween
  • To think; to imagine; to fancy.
  • To be of opinion; have the notion; think; imagine; suppose.
The word 'ween' comes from Middle English wene, from Old English wēn, wēna ("hope, weening, expectation"), from Proto-Germanic *wēniz, *wēnōn (“hope, expectation”), from Proto-Indo-European *wen- (“to strive, love, want, reach, win”).
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