Indianapolis-based Dow AgroSciences said Tuesday it posted a profit of $69 million in the fourth quarter, down 19 percent
from the prior year because of increased research and development spending and higher administrative expenses. Revenue was
up 17 percent.
Columbus-based diesel engine maker Cummins Inc. posted its most profitable fourth quarter in company history, thanks to a
rush on engines that won’t have to conform to new emission standards.
Record product orders spur sales at Indianapolis-based software maker Interactive Intelligence, propelling profits to $2.5 million.
Analysts worry about dive in already paltry sales of new blood thinner Effient
But excluding special charges, Warsaw-based orthopedic implant maker grows profits 5 percent, easily beating expectations
of Wall
Street.
The Indianapolis-based drugmaker says a weaker dollar depressed earnings in the fourth quarter compared with a year ago.
Locally based Duke Realty Corp. reported a 53 percent drop in funds from operations in the fourth quarter but still managed
to beat Wall Street expectations.
The Indianapolis-based health insurer earned $6.09 per share in 2009, excluding extraordinary items; it expects a $6-per-share
profit in 2010.
Indianapolis trucking firm Celadon Group Inc. saw revenue rise to $127.2 million in its fiscal second quarter, although profit
fell to $1 million.
ITT Educational Services Inc. reported higher profit in the fourth quarter of 2009, earning $2.56 per share. The Carmel-based
for-profit educator’s earnings topped analysts’ expectations.
Indianapolis-based Emmis Communications Corp. reported lower revenue during its fiscal third quarter, but still managed a
small profit.
Indianapolis-based Emmis Communications Corp.’s revenue dropped, but the radio and publishing company still posted a profit
during its third fiscal quarter.
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
With an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
The Finish Line Inc. barely eked into the black in its fiscal third quarter, but even that exceeded analysts’ expectations.
The Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment
adviser,
if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
The Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
Steel Dynamics Inc., the nation’s fifth-largest producer of carbon steel products, said Thursday it expects fourth-quarter
earnings to decline from third-quarter levels due to lower shipments and weaker profit margins at its metal recycling operations.
General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better
than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
Recent earnings reports from major retailers suggest that the wealthy, who pulled back their spending the hardest during the
financial meltdown last fall, are once again being enticed to open their wallets and going back to higher-end outlets. But
those on the lower economic rungs are still scrimping by, heading to Walmart for the basics.
