Security software maker Network Associates posted a first-quarter loss, reversing a profit from a year earlier, and it cut sales and earnings estimates for the year, citing "unexpected challenges".
The Redmond, Wash.-based software giant posted a net loss of $3.20 billion, or 40 cents per share, reversing a profit of $4.61 billion, or 55 cents per share, a year ago.
Standard posted a pretax loss of $13.4 million, reversing a profit of $10.7 the previous year.
31, reversing a profit of $1.45 million in the same quarter a year earlier.
The chief executive, Sir Peter Davis, took the helm in March and is charged with reversing the profit decline.
[C9.] Halliburton Reports Quarterly Loss Halliburton, under scrutiny for its prices for work in Iraq, reported a first-quarter loss, reversing a profit in the quarter a year earlier.
The E*Trade Group, the nation's No. 2 Internet brokerage firm behind Charles Schwab, said today that it lost $23.2 million in its most recent quarter, reversing a profit in the comparable 1999 period.
[C4.] E*Trade Reports $23.2 Million Loss E*Trade Group, the Internet brokerage firm, said that it lost $23.2 million in its most recent quarter, reversing a profit in the comparable period of 1999, but the results beat forecasts.
The Proginet Corporation (OTC: PRGF) of Garden City has posted a loss of $550,376 for its fiscal year that ended July 31, reversing a profit of $196,614 recorded in the prior year.
SURELY, we'll all remember when we first heard this news:In a country with more sheep than people, a group of New Zealand farmers plan to create a cartel to reverse falling profits and boost prices for wool used to make yarn for carpets.
If a seller or buyer reneges on its contract, Enron would be forced to book a loss and reverse the profits.
