Earnings roundup: US Bancorp, Silgan

AP News
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Posted: Oct 20, 2010 3:16 PM
Earnings roundup: US Bancorp, Silgan

Among the earnings stories for Wednesday, Oct. 20, from The Associated Press:

_ U.S. Bancorp reported that its third-quarter profit surged 49 percent, slightly ahead of Wall Street estimates, as the company's credit-loss provision shrank for the fourth consecutive quarter.

_ Packaging maker Silgan Holdings Inc. said Wednesday its third-quarter net income fell 12 percent as revenue slipped and it booked charges for paying off debt.

_ Medical laboratory operator Quest Diagnostics Inc. said its profit grew 3 percent in the third quarter, as a tax benefit canceled out continued declines in revenue and clinical testing.

_ The publisher of the Milwaukee Journal Sentinel and other media properties said that its third-quarter profit more than tripled on increased television revenue.

_ USG Corp.'s loss widened in the third quarter, pushed lower by declining shipping volumes and soft market conditions.