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updated 00:14, Tue November 06, 2007

Earnings Roundup: Entergy 3Q Profit Jumps, Cardinal Health Earnings Up on Medical Unit Sales

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Among the earnings stories for Monday, Nov. 5, from AP Financial News:

Top stories:

NEW ORLEANS (AP) -- Entergy Corp. said Monday its third-quarter profit jumped 19 percent, and the energy company announced it plans to spin off its non-nuclear business.

Other stories:

DUBLIN, Ohio (AP) -- Medical products and services company Cardinal Health Inc. said Monday fiscal first-quarter earnings grew 11 percent as higher revenue in its medical products unit overcame a slowdown in its business of packaging pharmaceuticals for hospitals.

NEW YORK (AP) -- Citigroup Inc. said Monday it lowered its reported third-quarter earnings by $166 million, due to a correction in the value of the company's exposure to complex instruments called collateralized debt obligations.

NEW YORK (AP) -- Marvel Entertainment Inc., the company behind the "Spider-Man" and "Fantastic Four" movie franchises, said Monday third-quarter earnings nearly tripled, driven by licensing revenue from "Spider-Man 3" toys and games.

HOUSTON (AP) -- Food distributor Sysco Corp. said Monday its fiscal first-quarter profit grew as sales increased and rising food costs offset some operating costs.

BERLIN, Conn. (AP) -- Energy provider Northeast Utilities said Monday its third-quarter profit fell 55 percent due to an income tax benefit in the year-ago period, but the results still beat analysts' estimates.

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