Earnings
Earnings Roundup: Myriad Genetics, QAD
Among the earnings stories for Tuesday, Aug. 25, from AP Financial News:
SALT LAKE CITY (AP) — Myriad Genetics Inc. reported lower fiscal fourth-quarter profit due to losses on the biotechnology company's pharmaceutical and research businesses, which were recently spun off. But adjusted results topped Wall Street expectations, sending shares up more than 6 percent in aftermarket trading. SANTA BARBARA, Calif. (AP) — Business software provider QAD Inc. said its fiscal second-quarter loss was virtually unchanged from the year before as cost-cutting efforts offset a sharp drop in revenue. MELVILLE, N.Y. (AP) — The Hain Celestial Group Inc., which makes Celestial Seasonings tea, said fiscal fourth-quarter profit fell 81 percent, hurt by one-time costs for severance and other items. SUNNYVALE, Calif. (AP) — Blue Coat Systems Inc. reported a profit for its fiscal first quarter of 2010 compared with a loss in the year-earlier period, when charges tied to an acquisition weighed down results.TheStreet Premium Services
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