Friday earnings roundup
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April 14, 2000: 9:13 a.m. ET
Rosy reports from Tribune, Hertz and Boise Cascade greet shaken market
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NEW YORK (CNNfn) - Tribune Co.'s first-quarter earnings matched Wall Street forecasts Friday, Hertz Corp. topped estimates by four cents a share, and Boise Cascade Corp. doubled its earnings from the year-earlier quarter.
Tribune matches forecast
Tribune Co. (TRB: Research, Estimates), the media company merging with Times Mirror Co. (TMC: Research, Estimates), announced first-quarter earnings before one-time items of $86 million, or 32 cents a diluted share, matching the consensus estimate compiled by First Call, which tracks estimates by Wall Street analysts. Tribune earned $73 million, or 27 cents a share, a year earlier. (Click here for full story)
Hertz trumps estimates
Hertz Corp., the nation's biggest auto rental, earned $56 million, or 52 cents a diluted share, in the quarter, up from $49 million, or 45 cents a diluted share, a year earlier. First Call's consensus estimate was 48 cents a share.
Boise Cascade earnings jump
Boise Cascade Corp., a major maker of office supplies and paper and wood products, announced first-quarter earnings of $39.6 million, or 60 cents a diluted share, matching average estimates, according to First Call. The company earned $18.9 million before one-time items, or 26 cents a share, in the year-earlier quarter.
Pulitzer posts gain, beats estimates
Pulitzer Inc., the U.S. publishing company which a year ago spun off from Pulitzer Publishing and then merged with Hearst-Argyle Television, posted first-quarter earnings of $9.9 million, or 45 cents a diluted share, above forecasts of 40 cents a share. The St. Louis-based company lost $8.5 million after extraordinary items, or 38 cents a share, in the year-earlier quarter.
Unicom doubles EPS
Electric utility Unicom Corp., parent company of ComEd, reported first-quarter earnings before special items of $185 million, or $1 a diluted share, nearly double the $98 million, or 50 cents a share, earned a year ago. First Call's consensus estimate for Unicom was 99 cents a share.
(For a wrap-up of Thursday's earnings news, click here)
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