May 12, 2009
Japanese stocks slid for the first time in six days on concern earnings will continue to decline this year and that a recent share rally was overdone.Asahi Glass Co. surged 12 percent after Nomura Holdings Inc. raised its rating on the company to “buy.”
May 11, 2009
Asahi Glass released its consolidated financial results for FY2009 first quarter, Jan. 1 through March 31, 2009, on May 11.Read full release.
May 6, 2009
Glaston Corp., Finland, released its Jan. 1-March 31, 2009, interim report, according to a May 5 release.“The glass processing machine market came to a halt in the final quarter of 2008," said Mika Seitovirta, president and CEO, in the release. "The inactive market situation continued in the first quarter in nearly all the market areas. The economic...
May 1, 2009
Vitro S.A.B. de C.V., Mexico, one of the world's largest producers and distributors of glass products, today announced 1Q'09 unaudited results. Year over year consolidated net sales declined 34.5 percent affected by a 34.0 percent peso depreciation during last 12 months 1Q'09, lower volumes and the deconsolidation of Comegua--the company's glass container subsidiary in Central America.
April 30, 2009
First Solar Inc., the nation's largest solar panel maker, says its profit more than tripled in the first quarter despite tightened bank lending that has made it tough to fill orders.The Tempe, Ariz.-based company reported Wednesday it earned $164.6 million, or $1.99 per share, in the first quarter, compared with $46.6 million, or 57 cents per share, for the same period last year.Quarterly sales...
April 23, 2009
The following companies may have unusual price changes in Japanese trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.Central Glass Co. (4044 JT): The glassmaker’s net loss for the year ended March 31 totaled 4 billion yen [$40.7 million], 14 percent...
April 17, 2009
PPG Industries Inc. was "put to the test" in 2008 by challenging global conditions, its chairman said yesterday, but widespread cost-cutting efforts should help it weather the economic storm.Last year "was difficult and dynamic" for the paints, glass and chemicals maker, Chairman Charles Bunch said during the Pittsburgh company's annual meeting at the David L. Lawrence...
April 16, 2009
Apogee Enterprises Inc., Minneapolis, announced fiscal 2009 fourth quarter and full-year earnings April 6. Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries.FY09 full year highlights Revenues were a record $925.5 million, an increase of 5 percent compared to the prior year.Earnings from continuing operations were a record $1.82...
April 8, 2009
In a bleak start to the earnings season, Alcoa Inc. reported a quarterly loss of $497 million, as the stumbling global economy continued to erode prices and demand for the aluminum maker's products.The Pittsburgh-based company, the world's third-largest aluminum maker, said Tuesday it expects further industrywide production cuts as demand for the lightweight metal is expected to remain weak in...
April 7, 2009
[Minneapolis-based] Apogee Enterprises Inc.'s fiscal fourth-quarter net income dropped 24 percent on lower sales because of the slowdown in commercial construction.The commercial glass provider cut its revenue forecast for the fiscal year, but said the second half could benefit from stimulus projects to upgrade government and school buildings."To manage through the downturn, we have...