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It was a happy holiday at Starbucks, but the company’s sales momentum could start to slow due to the coronavirus outbreak in China.
Itron Inc. reported a drop in net income for the third quarter, citing higher expenses and changes in foreign currency exchange rates for the decline.
The Spokane-based agricultural lending cooperative reported earnings of $73.4 million, compared to $76 million in earnings for the same quarter in 2018.
Key Tronic Corp. reported a slight decrease in net income for the first quarter of its fiscal year 2020.
The company reported earnings of $11 million, or 66 cents per share, for the quarter compared to net earnings of $34.4 million, or $2.08 per share, in the third quarter 2018, according to a company statement.
The grounding of the Boeing 737 Max has lasted far longer and, as Southwest Airlines and American Airlines can attest, been more expensive than airlines ever expected.
Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would begin selling used clothing to staunch fading sales.
Spokane Valley-based Key Tronic Corp. reported an increase in net income during the company’s fourth fiscal quarter.
Avista Corp. held steady in its second-quarter earnings report Wednesday, with income of $25.3 million, or 38 cents per share.
Spokane-based Northwest Farm Credit Services reported an earnings drop for the second quarter.
PotlatchDeltic announced net income of $17.1 million, or 25 cents per share, for the quarter, compared to net income of $6.6 million and 10 cents per share during the first quarter.
Starbucks Corp. served up an extra frothy third quarter, zooming past Wall Street’s forecasts thanks to new drinks and growing loyalty.
Washington Trust Bancorp Inc., parent company of the Washington Trust Co., reported a slight decrease in net income for the second quarter.
Itron Inc. reported a net loss in the first quarter , but the company indicated results exceeded its expectations.
The abandoned sale of Avista Corp. to a Canadian utility buoyed the local energy company’s first-quarter earnings, which reached $115.8 million, according to the corporate report filed Thursday with the U.S. Securities and Exchange Commission.
The Spokane-based company said it had $3.8 million in net income – or 23 cents per share – during the period, compared with earnings of $2.6 million – or 16 cents per share – in the first quarter of 2018.
Exxon Mobil’s first-quarter profit fell by half to $2.35 billion, its worst quarter since late 2016, as the company spent more on oil production and was hit by lower margins in its refinery business.
Alaska Air Group, parent company of Alaska Airlines and regional carrier Horizon Air, posted steady quarterly financial results Thursday, despite the February snowstorms that caused about 1,100 canceled flights as well as weak transcontinental fares between California and New York.
Amazon’s push into advertising and cloud computing is paying off, helping the online shopping giant’s first quarter profit more than double from a year ago.
Itron Inc. reported improved income of $24 million during the fourth quarter, which the company attributed to favorable tax benefits.