Delta Air Lines Inc. reversed a second-quarter loss with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue. The world’s largest airline said Monday its net income was $467 million, or 55 cents per share, in the April-June quarter. That compares to a loss of $257 million, or [...]
Constellation Brands Inc.’s fiscal fourth-quarter loss narrowed significantly amid $468 million in year-earlier charges as sales declined. On an adjusted basis, the company posted a profit that beat analysts’ forecasts. The biggest global winemaker also projected new-year earnings of $1.53 to $1.68 a share. Analysts surveyed by Thomson Reuters expect $1.77. The new outlook “reflects [...]
SAN DIEGO — Arena Pharmaceuticals Inc. said Friday that its fourth-quarter loss narrowed on a big cutback in research and development expenses after the biopharmaceutical company submitted a potential weight-loss drug to regulators for approval.
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