Quarterly Earnings | featured news

Delta Air Lines' president said the carrier this year expects to achieve its first first-quarter profit since 2000.

The Commerce Department said that output expanded at an annual rate of just 0.1 percent, way below the country’s long-term average but above the original estimate of a contraction.

Target Corp posted lower quarterly profit on Wednesday, as sales of food and value-priced items only partially mitigated some weakness it saw when holiday shoppers held back from discretionary spending in an uncertain economy.

The Washington Post Co. reported a fourth quarter 2012 loss of $45.4 million, or $6.57 a share as it took $113 million of charges for goodwill write downs and restructuring, mostly in its Kaplan education subsidiary. A year earlier the company earned $61.7 million or $8.03 a share

Hewlett-Packard Co.'s first-quarter earnings declined 16% as the technology giant continued to see weaker sales in its core personal computer business, though adjusted profits beat the company's expectations.

The U.S. Postal Service lost $1.3 billion in the October to December quarter, an official said on Friday, days after the beleaguered mail agency announced plans to cut back on Saturday delivery to save money.

LinkedIn reported fourth quarter 2012 earnings that beat Street expectations, sending shares soaring in late trading.

New York Times profit tripled in the fourth quarter thanks to one-time items, including the sale of its share in Indeed.com, but the underlying business continued to erode on sharp advertising declines.

Philip Morris International Inc., which markets Marlboro cigarettes outside the U.S., said fourth-quarter profit rose 11%, thanks to higher sales volumes in Asia and Eastern Europe, Middle East and Africa.

Rising TV subscription fees plumped up profits at Time Warner. The media and entertainment giant said profits in the last three months of 2012 rose 51% from a year ago to $1.2bn (£750m), despite no change in revenues. TV subscription income rose 7%, as cable and satellite operators paid more to carry channels such as CNN and TNT.