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Avon Products Inc. said second-quarter profit fell 65 percent.
Profit slid to $82.9 million, or 19 cents per share, from $235.6 million, or 55 cents, a year ago. Revenue fell 10 percent.
Bankrate Inc. reported its second-quarter profit was cut in half. Income was $1.9 million, or 10 cents per share, down from $4.1 million, or 21 cents, a year ago. Revenue fell 23 percent.
Brink’s Co. said second-quarter profit plunged 58 percent to $20.3 million, or 44 cents per share, compared with $48.7 million, or $1.05, a year earlier. Revenue in the quarter fell to $751.9 million.
Build-A-Bear Workshop Inc., the Overland-based seller of customized stuffed animals, said its second-quarter loss widened as the recession took a bite out of consumer spending. The net loss was $6 million, or 32 cents a share, compared with a loss of $4.8 million, or 25 cents, a year ago. Sales fell 13 percent to $82.4 million. (Jeff Tomich)
Colgate-Palmolive said second-quarter profit rose 14 percent, largely on price increases. Colgate earned $561.6 million, or $1.07 per share, up from the $493.8 million, or 92 cents, a year earlier. Revenue was down 5.5 percent.
Dow Chemical Co. posted a second-quarter loss on charges related to the buyout of a smaller rival. Dow lost $486 million, or 47 cents per share, compared with $762 million, or 81 cents, a year ago. Revenue fell 31 percent.
Eastman Kodak Co. lost $189 million in the second quarter, its third consecutive quarterly deficit. The per-share loss was 70 cents, compared with profit of $495 million, or $1.62, a year earlier. Sales plunged 29 percent.
Goodyear Tire & Rubber reported a $221 million loss in the second quarter. The tire maker lost 92 cents per share on sales of $3.9 billion. Last year, Goodyear earned $75 million, or 31 cents per share, on sales of $5.2 billion.
International Paper Co. reported a 40 percent drop in second-quarter profit but said the worst appears to be over. Income totaled $136 million, or 32 cents per share, compared with $227 million, or 54 cents, a year ago. Sales edged down to $5.8 billion.
Kellogg Co. reported second-quarter profit that beat expectations. Profit rose 13 percent to $353 million, or 92 cents per share, from $312 million, or 82 cents a year ago cash advances. Revenue fell 3 percent to $3.23 billion.
MasterCard Inc. booked a profit of nearly $350 million during the second quarter, exceeding expectations. The company earned $348.9 million, or $2.67 per share, compared with a loss of $746.7 million, or $5.70, a year ago. Revenue climbed 3 percent.
MetLife Inc. lost $1.43 billion in the second quarter amid a huge spike in investment losses. The per-share loss was $1.74, marking the second quarterly loss in a row, compared with income of $915 million, or $1.26, a year earlier. Revenue dropped 31 percent.
Motorola Inc. posted an unexpected profit for the second quarter. It earned $26 million, or 1 cent per share, up from $4 million, or break-even per share, a year ago. Sales fell 32 percent.
Newell Rubbermaid Inc. said second-quarter earnings rose 14 percent. The company earned $105.7 million, or 38 cents per share, compared with $92.5 million, or 33 cents, a year ago. Sales fell nearly 18 percent.
Reliv International Inc., the Chesterfield-based maker of nutritional supplements, reported lower second-quarter profit and sales. Income dropped to $410,000, or three cents a share, from $569,000, or four cents. Sales fell to $20.1 million from $24 million. However, the company said new distributor enrollments rose 6.2 percent in the quarter.
Walt Disney Co.’s third-quarter profit fell as slow sales pushed its movie studio into the red while the weakening TV ad market stabilized. Income sank to $954 million, or 51 cents per share, from $1.28 billion, or 66 cents, a year ago. Revenue fell 7 percent.
Waste Management said second-quarter profit dropped. It totaled $247 million, or 50 cents per share, down 22 percent from last year. Revenue fell 15 percent.
YRC Worldwide posted a huge second-quarter loss as customers defected and the recession continued to depress demand. The company posted a loss of $309 million, or $5.20 per share, compared with a profit of $35.8 million, or 62 cents, a year ago. Revenue sank 45 percent.
From staff and wire reports