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Earnings Roundup: Occidental Petroleum

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-24
Among the earnings stories for Wednesday, Oct. 24, from AP Financial News:

Top stories:

LOS ANGELES (AP) -- Oil exploration and production company Occidental Petroleum Corp. on Wednesday reported its third-quarter profit rose on increased production and crude oil prices.

Other stories:

SCOTTSDALE, Ariz. (AP) -- P.F. Chang's China Bistro Inc., which operates Asian-themed restaurants, said Wednesday fiscal third-quarter profit fell 20 percent as sales at established restaurants fell.

NEW BRITAIN, Conn. (AP) -- Stanley Works, which provides tools and engineering services, said Wednesday its third-quarter profit edged up 1 percent on strong sales in its industrial and security segments.

STOCKHOLM, Sweden (AP) -- Sweden's Volvo AB on Wednesday reported a 21 percent drop in its third-quarter net profit, mainly pressured by higher interest expenses and higher costs.

LEHIGH VALLEY, Pa. (AP) -- Air Products and Chemicals Inc., a supplier of atmospheric gases, process and specialty gases and performance materials, said Wednesday its fiscal fourth-quarter profit rose more than doubled on the back of strong revenue growth and fewer costs.

MILAN, Italy (AP) -- Fiat SpA said Wednesday that net profit more than doubled in the third quarter, leading it to raise its full-year targets on a strong performance by its core auto division and good results in its truck and farm machinery operations.

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