Earnings roundup: Coca-Cola, McGraw-Hill
- Associated Press
- February 12, 2013 - 9:56 AM
Among the earnings stories for Tuesday, Feb. 12, from The Associated Press:
_ Coca-Cola says its profit rose 13 percent in the fourth quarter as growth in emerging markets offset a decline in Europe and a modest performance in the U.S.
_ The McGraw-Hill Cos. swung to a loss in the fourth quarter as its transition to a financial information provider forced it to take a big, one-time charge.
_ Ryman Hospitality Properties Inc., owner of Gaylord Opryland and the Grand Ole Opry, lost money in its fourth quarter as it dealt with costs tied to converting itself into a real estate investment trust.
_ Paint and coatings maker Valspar's first-quarter net income dipped 1 percent, pressured by weaker-than-expected demand in some international markets.
_ Fossil Inc. said its fourth-quarter net income jumped 28 percent as demand grew for its watches, its Skagen acquisition gave a big boost and the company opened new stores.
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