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The world's largest media company said third-quarter earnings, before a range of costs, fell as prolonged weakness at its Internet division offset strength in its cable networks and cable systems businesses.
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But the strong performance of AOL Time Warner's other divisions offset the decline at America Online.
The earnings report reflected a continuing trend at the Post Company — steady losses in its newspaper and magazine divisions, offset by gains in the educational and cable television divisions.
Sara Lee, whose products range from Hanes underwear to Ball Park hot dogs, said profit gains in its meats and household products divisions offset a down quarter for baked goods.
The media group said that handy performances at its cable-television and newspaper divisions offset a tougher year for its film-production unit.PeopleSoft optionPeopleSoft rejected a sweetened takeover offer of $9.4 billion from Oracle.
Improvement in the boys, girls and games divisions offset weakness in Hasbros preschool-targeted toy and game markets.
Second-quarter sales rose 12% to $7.8 billion, from $6.97 billion in the second quarter of 2004, as strong sales across all divisions offset restructuring costs.
The combined $1.8 billion increase in earnings for the two divisions offset the $350 million decrease in the bank's consumer unit, which reduced lending and reported lower margins and revenues.
The move comes at the same time that San Mateo/Oslo, Norway-based Opera announced its latest quarterly earnings, in which revenues were up by 31percenttoto 253.1 million Norwegian Kronor ($44 million), on the back of strong growth in its desktop browser, consumer/advertising, and OEM divisions — offsetting a small decline in the company's first-ever customer base, mobile operators.
The file is divided into six chunks, but following different division offsets (where to split the initial file).
[Page C2.] Financial Unit Saves Ford's Quarter Ford Motor said it made a modest profit in the fourth quarter, aided by gains at its financing division that offset disappointing automotive earnings.
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