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Earnings roundup: Heartland Financial, Masco
Monday, October 26, 2009 6:52 PM


(Source: Associated Press/AP Online)trackingAmong the earnings stories for Monday, Oct. 26, from AP Financial News:

DUBUQUE, Iowa (AP) - Community bank Heartland Financial USA Inc. said Monday that higher loan losses narrowed its profit in the third quarter.

TAYLOR, Mich. (AP) - Masco Corp. said Monday its third-quarter earnings fell 15 percent, partly due to declines in sales of new home construction products and services. But the building-products maker boosted its 2009 profit forecast.

CAMBRIDGE, Mass. (AP) - Vertex Pharmaceuticals Inc. reported a larger third-quarter loss on Monday, as revenue fell and the company spent more money to support the launch of its hepatitis C drug candidate.

RICHMOND, Va. (AP) - Lorillard Inc., the nation's third-largest cigarette maker, saw less of a decline in cigarettes sold in the third quarter than its competitors as its value brands posted big gains.

LAKE OSWEGO, Ore. (AP) - West Coast Bancorp, which operates banks in Oregon and Washington, said Monday its third-quarter loss widened and it received capital investments of $155 million.

NEW YORK (AP) - Shares of PrivateBancorp Inc. tumbled Monday after the community bank said its loss widened in the third quarter as a result of its deteriorating credit portfolio, especially in commercial real estate.

A service of YellowBrix, Inc.



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