Earnings roundup.Earnings Roundup: Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Corp. reported fourth-quarter net income of $331 million, compared with $272 million for the same period a year earlier. Revenue for the L.A.-based defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; rose to $7.86 billion from $7.85 billion in the year-prior period. Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. reported first-quarter net income of $43 million, compared with $28.9 million for the same period a year earlier. Revenue for the Pasadena-based engineering firm rose to $1.68 billion from $128 billion. Avery Dennison Avery Dennison Corporation (NYSE: AVY) produces pressure-sensitive materials (such as self-adhesive labels), office products, and various paper products. R. Stanton Avery founded Avery in 1935. Avery Dennison Corporation was created in 1990 by merger of Avery and Dennison. Corp. reported a fourth-quarter net loss of $6.9 million, compared with income of $83.6 million for the same period a year earlier. Revenue for the Pasadena-based office-supply company declined 4 percent to $1.36 billion. FirstFed Financial Corp. reported fourth-quarter net income of $28.2 million, up from $16.4 million. Total assets for the Santa Monica-based holding company for First Federal Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. rose to $10.5 billion at Dec. 31 from $7.5 billion in the year-prior period. Net interest income, after provision for loan losses, rose to $56.3 million from $42 million. East West Bancorp Inc. reported fourth-quarter net income of $30.8 million, up from $22.6 million. Total assets for the San Marino-based holding company for EastWest Bank rose to $8.3 billion at Dec. 31 from $6 billion. Net interest income, after provision for loan losses, rose to $78.9 million from $54.3 million. Foothill Independent Bancorp reported fourth-quarter net income of $3.1 million, up from $2.6 million. Total assets for the Glendora-based holding company for Foothill Independent Bank rose to $799 million at Dec. 31, up from $787 million. Net interest income rose to $9.6 million from $8.7 million. |
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