December 10, 2007 |
What makes a company valuable? In the stock markets, where software writers, oil refiners, toy-makers and bomb builders compete for the same investor dollars, it doesn't matter what you make, or even how much you sell; it's how much profit investors expect you're going to keep that determines share prices. Thirteen Philadelphia-area companies rank on the Standard & Poor's list of 500 big publicly traded corporations. The most valuable is Comcast Corp. , the Philadelphia-based cable TV, Internet and phone company, which earned $2.5 billion on gross sales of $25 billion last year, and was worth $64 billion - based on the price Wall Street assigns to its shares - on the Nasdaq Stock Market at the start of November.
August 3, 2005 |
Vishay Intertechnology Inc. of Malvern said yesterday that its second-quarter profit fell to $9.7 million, or 5 cents a share, from $41.1 million, or 22 cents a share, in the year-earlier period, because of lower sales and special expenses. Second-quarter sales dropped to $581.6 million from $646.7 million in the 2004 quarter. Gerald Paul, Vishay's president and chief executive officer, said in a conference call that the company expected third-quarter sales of $560 million to $580 million and profit to be flat or slightly lower than in the 2004 third quarter.
August 14, 1986 |
Trans World Airlines chairman Carl C. Icahn yesterday predicted that the carrier would post a third-quarter profit, its first in more than a year, because of increased overseas bookings and lower labor costs. He also told shareholders at their annual meeting that he plans to have $1 billion in cash by the end of the year and hopes to use it to acquire another carrier. "With our cost structure so low, we believe we'll be in a good position to consolidate," he said, although he declined to be more specific about when or with what airline such a merger might occur.
August 25, 1994 |
Strawbridge & Clothier, the Philadelphia department-store operator, yesterday said that despite lower sales, continued cost control allowed it to earn a profit in the second quarter. Last year, it reported a loss for the quarter. The company said sales were down slightly because of less advertising this year than in 1993. But the cost of sales dropped from 77.2 percent of sales to 76.1 percent this year because of lower occupancy and buying costs and fewer markdowns, the company said.
May 7, 1987 |
Executives of the local research and development company Biosonics told shareholders yesterday that the company is pinning its immediate hopes to the success of an electronic device that can help people who have bowel control problems. Food and Drug Administration approval of the Biosonics Anotron incontinence system paves the way for the company - which has spent more than $5 million developing new applications for electronics in medicine - to make the transition to manufacturing and marketing, according to chairman Jack Paller.
July 29, 1986 |
Westmoreland Coal Co. yesterday said it earned $5.8 million or 71 cents a share in the second quarter, in contrast with a $732,000 or 9-cent-per-share loss a year earlier. The turnaround for the Philadelphia-based company came as coal sales rose 5.9 percent, to $146.5 million compared with $138.4 million sold in the second quarter of 1985. Total revenue, which includes non-coal subsidiaries, was $157.8 million, compared with $150.2 million in 1985. The company also kept its costs down, according to chairman E.B. Leisenring Jr. Earnings for the first half of 1986 were $10.4 million or $1.28 per share, compared with a loss of $3.3 million or 40 cents per share in the first half of 1985, the company said.
January 21, 1986 |
When The 1986 Miss Teen USA Pageant begins tonight on CBS (9 p.m., Channel 10), the screen will be filled with attractive scenery: 51 young women and the sands and surf of Florida's Daytona Beach. In business terms, the location is no less important than the competition. "Look at the sheer economics of it, at the simplest facts of what a pageant is," says George B. Honchar, president of Miss Universe Inc. "Nowadays, city governments are big business. . . . Everyone is very, very sensitive and alert to promotion.
September 13, 1990 |
Profits at Charter Power Systems Inc. jumped 85 percent in the second quarter, the Plymouth Meeting maker of batteries said yesterday. "Although slow economic activity is affecting the industries we serve, technical manufacturing improvements, production and purchasing efficiencies, targeted marketing and sales successes and changes in late 1989 to a new debt structure . . . have helped produce the improved results for Charter Power," said Robert...
August 10, 1990 |
Cost-cutting efforts paid off in a big way in the second quarter at Vishay Intertechnology Inc., the Malvern maker of electronic resistors, sensors and other components. The company said its profits rose by nearly two-thirds on a modest increase in sales. "We are pleased that the effects of our planned cost-reduction programs are now starting to be seen in our results," said Felix Zandman, chairman and chief executive officer. "These programs will continue to be a high priority.
November 18, 1993 |
Charming Shoppes Inc. (Nasdaq), the Bensalem women's-apparel retailer, yesterday reported that earnings were dampened in the third quarter by more promotional markdowns than planned. The company, which operates nearly 1,300 stores under the name Fashion Bug, also said its earnings for the year were below expectations. Bernard Brodsky, the company's treasurer, said that after strong holiday sales last year, Charming Shoppes brought in additional merchandise for this year. But continued economic weakness and bad weather hurt sales, forcing Charming Shoppes to mark prices down, he added.