Benzinga’s Earnings Roundup (IHG, GOLD, BCS, TYC)

Symbols: GOLD, BCS, IHG, TYC
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InterContinental Hotels Group PLC (ADR) (NYSE: IHG) third-quarter net profit fell to $67 million as compared to $91 million same period last year and revenues in the latest quarter were $401 million versus $496 million a year ago. InterContinental expects the occupancy rates to stabilize and reported that revenue per available room fell 15.2% in the third quarter. InterContinental Hotels Group is currently trading at $13.71, down 2.77%.

Randgold Resources Ltd (ADR) (NASDAQ: GOLD) today reported its third-quarter net profit of $11.32 million versus a net loss of $1.43 million a year ago. Randgold’s sales climbed up by 32% to $103.5 million due to higher average gold prices and an increase in production. Randgold Resources Ltd (ADR) (NASDAQ: GOLD) is currently trading at $77.27, plunged 1.93% on 419K shares in the morning trading hours.

Barclays PLC (ADR) (NYSE: BCS) net profit stood at 1.08 billion pound, after increasing 54% from the same period last year. Barclays impairment charges and other credit provisions increased sharply to 1.4 billion pounds from 862 million pounds last year. Barclays has also announced that it would pay an interim cash dividend of 1 pence a share to its share holders in December. In the mornings trading hours, Barclays declined 5.23% at $21.97.

Tyco International Ltd. (NYSE: TYC) moved down over 1.60% at $34.82 after it reported its fourth quarter results and swung to a net income of $205 million, or $0.43 a share, down from $434 million, or $0.91 a share, a year ago. Total revenue for the fourth quarter declined to $4.42 billion, from $5.28 billion last year. Analysts expected Tyco to report fourth quarter earnings of $0.52 a share.


 
 
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