Novell posts 2nd-qtr profit; Linux sales rise
Summary from United States, from articles in English
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The Pittsburgh-based maker of Heinz ketchup, Weight Watchers products and Ore-Ida potatoes said commodity costs rose by 8 percent in the year and expects similar increases for the next two years und foreshadowing continued higher food prices for consumers. (article 3)
During a meeting with analysts, Heinz executives said costs were being propelled upward by growing demand from an expanding middle-class in India and China plus higher fuel prices. (article 3)
Shares edged down 26 cents to $72.98 in an overall positive market after the company said Wall Street's forecast for the fourth quarter might be too high. (article 6)
Costco said net income rose to $295.1 million, or 67 cents per share, from $224 million, or 49 cents per share, a year ago, which included a $30.3 million charge. (article 6)
Novell Inc., the second-largest US seller of Linux software, reported a second-quarter profit of $5.87 million after trimming jobs and narrowing its product focus. (article 5)
Chief executive Ron Hovsepian slashed about 10 percent of jobs last year and focused on new Linux products, seeking to counter a drop in revenue from older software. (article 5)
Fiscal second-quarter net income came to $5.9 million, or 2 cents a share, compared with a year-earlier loss of $2.9 million, or 1 cent a share. (article 4)
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Event tracking:
Story keywords
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cents, Sales, million, share, profit |
Source articles
- MasterCard, Bear Stearns among big movers (Washington Post, 05/30/2008, 227 words)
- Marvell Technology, Dell among big movers (Washington Post, 05/30/2008, 237 words)
- Heinz 4Q profit rises 7.2 percent, boosts dividend (Washington Post, 05/30/2008, 402 words)
- Novell posts 2nd-qtr profit; Linux sales rise (Washington Post, 05/29/2008, 176 words)
- Novell moves into black in 2d quarter (boston.com, 05/30/2008, 714 words)
- Costco 3Q profit climbs 32 percent, tops outlook (Washington Post, 05/30/2008, 339 words)
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