Singapore Airlines Net Profit Falls 71%

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Singapore Airlines said its first-quarter net profit fell 71%, as revenue weakened and it remains under pressure to sell seats at a discount due to stiff competition.

Cenovus Profit Jumps

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Canadian oil-sands producer Cenovus Energy posted a better-than-expected second-quarter profit and record cash flow, driven by a 33% jump in oil-sands output and higher crude and natural-gas prices.

Garmin Profit Rises 5.5%, Beats Expectations

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Garmin said its second-quarter earnings rose 5.5% as sales in the fitness and aviation segments jumped.

Lorillard's E-Cigarette Sales Drop

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Lorillard Inc. said its second-quarter profit declined slightly as a drop in sales for the company's e-cigarettes offset a slight increase in sales for traditional cigarettes.

Huntsman Profit Soars

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Huntsman Corp. said its second-quarter earnings more than doubled on broad sales growth and stronger margins as the chemical maker also benefited from lower restructuring-related charges and one-time items.

Booz Allen Profit Ticks Up, Despite Revenue Decline

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Booz Allen Hamilton Holding Corp. said its fiscal first-quarter profit edged up 1.1%, even as the consulting company's revenue fell amid tepid spending from federal government clients.

Thomson Reuters Results Flat, but Beat Expectations

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Thomson Reuters said its second-quarter profit and revenue were essentially flat, although the results topped analysts' expectations.

Hess Plans Spinoff of Assets

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Hess aid it plans to pursue a spinoff of some midstream assets, mostly in North Dakota, to create a separately traded company to support growth of its production in the Bakken oil shale play.

WellPoint Profit Slips, But Boosts Outlook

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WellPoint said its second-quarter profit slipped as the health insurer recorded higher expenses, masking an increases in both revenue and enrollment.

Benefit Costs Pare Humana's Profit

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Humana's second-quarter profit falls 18%, as expected, as increased benefit costs help to offset a jump in revenue.

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