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The Gillette Company posted a profit despite lower sales in the second quarter, meeting Wall Street expectations after reporting a loss in the period a year ago.
It was alone among the big banks in reporting a loss for the last fiscal year.
The company also released its third-quarter results yesterday, reporting a loss of $33.3 million, or 58 cents a share.
BankAmerica, trading actively, fell 1/2, to 14, after reporting a loss of $640 million in the second quarter.
Allegheny Energy Inc. released more of its long-delayed financial results Friday, reporting a loss of $290.3 million in the first half of 2003.
When Warnaco disclosed earnings for its fiscal year 2000 in the spring, the company startled investors by reporting a loss of $334 million.
The company eliminated 200 jobs, or a quarter of its work force, this month after reporting a loss of $31.2 million.
Bank of America disappointed investors by reporting a loss of $1 billion in the third quarter before accounting for dividends to preferred shareholders.
And the company now keeps some disputed bills on its books for more than a year, instead of writing them off and reporting a loss to investors.
London Forfaiting, the trade financing group, managed a remarkable recovery yesterday despite reporting a loss of more than £56 million for the calendar year of 1988.
Industrywide, though, such improvements can make the difference between turning a profit or reporting a loss as supermarket sales remain flat.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com