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Earnings roundup: Coca-Cola, McGraw-Hill

Source : AP
Last Updated: Tue, Feb 12, 2013 16:15 hrs

. 12, from The Associated Press:

Top stories:

— 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.

Other stories:

— 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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