Earnings

Earnings Roundup: Fannie Mae, Cornell

 

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

WASHINGTON (AP) — Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.

HOUSTON (AP) — Prison and treatment services operator Cornell Cos. said its third-quarter profit shot up 39 percent, driven by higher revenue from expansion and higher populations at its facilities.

HOUSTON (AP) — Oil and gas company W&T Offshore Inc. posted a loss in the third-quarter amid a 42 percent drop in revenue.

NEW YORK (AP) — It's been a rough year for the video game industry, but Activision Blizzard Inc. reported a profit for its third quarter because of a good response to games such as "Guitar Hero 5" and "World of Warcraft."

RENO, Nev. (AP) — International Game Technology posted a fiscal fourth-quarter loss, but said it thinks demand for its slot machines and casino management systems has stabilized.

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