Usana Health Sciences Inc., based in Salt Lake City, reported net income of $10.2 million, or 55 cents per share, for the third fiscal quarter ended Sept. 29. That compares with $11.3 million, or 68 cents per share, for the same quarter in 2006.
Sales totaled $106.2 million, up from $92 million in the prior-year quarter.Usana develops and manufactures nutritional, personal care and weight management products.
Wells Fargo & Co., the second-largest U.S. mortgage lender, said third-quarter profit rose less than estimated after losses from home equity and consumer loans climbed.
Net income advanced 4 percent to $2.28 billion, or 68 cents a share, from $2.19 billion, or 64 cents, a year earlier, the San Francisco-based bank said today in a statement. Wells Fargo fell the most in two months in New York trading.Profit grew at the slowest pace since at least 2002 for Wells Fargo amid the worst housing slump in 16 years, and the weakness also will hurt fourth-quarter results, the company said.
U.S. Bancorp said Tuesday third-quarter earnings slipped 2 percent as operating expenses and credit provisions rose amid trouble on the mortgage and housing markets.
Net income fell to $1.18 billion, or 67 cents per share, in the three months ended Sept. 30 from $1.2 billion, or 66 cents per share, in the year-ago period.Earnings per share rose because it had fewer shares outstanding in the latest period than a year ago. Analysts had expected a profit of 66 cents per share, according to Thomson Financial.
Delta Air Lines
The chief executive of Delta Air Lines Inc. said Tuesday that the carrier wants to be the "undisputed leader" in the industry and that a deal with another airline may be in its best interest.
"We are evaluating the best path forward for Delta," CEO Richard Anderson said during a conference call with analysts after the airline released third-quarter results. "Ultimately, it's our goal to be the undisputed leader in the airline industry."
Delta reported Tuesday a wider profit in the third quarter on higher sales and fuel hedging.
The company said it earned $220 million, or 56 cents a share. That compares with a profit of $52 million, or 22 cents a share, in the same period a year earlier.
Analysts surveyed by Thomson Financial were expecting earnings of 42 cents a share in the most recent quarter.
Revenue in the third quarter rose 10 percent to $5.23 billion, compared with $4.75 billion in the same period a year earlier.