Global (calendar Q3)

  • Colgate
       The household goods company said earnings rose 5.5%, reflecting the impact of pricing increases.
       Profit for the quarter ended September 30 rose to $347.2 million (€289.4m; £196.9m) from $329m a year earlier. The latest results included a gain of $60.6m for the sale of its North American heavy duty laundry-detergent brands during the quarter. The gain was more than offset by a number of charges, including $29.9m for restructuring costs, $36.5m for income taxes to repatriate foreign earnings and $16.7m for pension obligations.
       Colgate, whose brands include the epnymous toothpaste and the Palmolive range, said sales rose to $2.91 billion, up from $2.7bn.

    Global (fiscal Q1)
  • Procter & Gamble
       The consumer goods titan, which makes Tide detergent and Crest toothpaste, said earnings for its fiscal first quarter rose 4.5% as strong volume growth and price increases helped offset the impact of Hurricane Katrina in the US and high commodity costs.
       P&G said profit rose to $2.03 billion (€1.69bn; £1.15bn), from $1.94bn a year earlier. Sales rose to $14.79bn billion, up from $13.74bn.
       The quarterly result did not reflect P&G's recent acquisition of Gillette, which was completed after the quarter ended.

    Global (calendar Q3)
  • Viacom
       The media giant, weeks away from splitting into two companies, swung to profit as growth in cable networks and film offset a decline in its broadcast television business.
       In the quarter, Viacom earned $708.5 million (€590.5m; £401.9m), compared with a loss of $487.6m in the year-earlier period.
       The TV arm, which includes the CBS and UPN networks, posted a slight decline in revenue despite a strong start to the fall season and higher ad sales. But operating profit declined 19% because of a drop in TV licensing revenue.
       The entertainment and cable-network divisions, which include Paramount Pictures,were strong performers and posted a 54% jump in revenue to $844.6m, boosted by box-office returns. Operating profit totalled $109.7m, compared with $5.1m a year earlier.
       At the cable unit, which includes networks MTV and Nickelodeon, revenue rose 15%, while operating profit increased 11%.

    Data sourced from Wall Street Journal Online; additional content by WARC staff