Simon posts strong quarterly, annual earnings
Quarterly profit grew to $405 million, as occupancy in Simon Property Group’s retail properties increased to 97.1 percent, a company record for year-end occupancy.
Financial Results
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Lids falters in expansion beyond headgear
Sales for Indianapolis-based Lids Sports Group have been so disappointing that parent Genesco Inc. within the past six months has twice cut its fiscal 2015 full-year earnings, from a high of $5.55 per share to a low of $4.75 per share.
Order-fulfillment firm sells for $55M in cash
A publicly traded e-commerce firm has acquired Indianapolis-based Fifth Gear, a company with more than 500 employees that specializes in fulfilling consumer orders through catalogs and digital retail.
Steak n Shake profit falls as franchised restaurants grow
The Indianapolis-based burger chain’s smaller annual profit resulted from an ongoing effort to increase the company’s number of franchised restaurants, with plans to open units as far away as the Middle East.
Stonegate shares shellacked after third-quarter loss
Shares of Stonegate Mortgage Corp. sank 18 percent in trading Thursday after the firm reported third-quarter losses of $1.7 million and missed Wall Street estimates by a wide margin.
Job cuts to hit Rolls-Royce operations in Indianapolis
The global firm is planning 2,600 job cuts over 18 months, primarily in its aerospace division. Its Indianapolis operations, which employ about 4,500 people, are devoted mostly to civil and defense aerospace work.
Duke Realty reports higher profit, revenue for third quarter
The real estate developer of commercial properties posted increases due to higher occupancy and growth in rents.
Cummins shares get spark from strong third quarter
The Columbus-based manufacturer of heavy-duty engines saw profit jump 19 percent on stronger sales in North America and abroad.
Zimmer profit beats forecasts, shares rise 4 percent
Shares of Warsaw-based orthopedic device maker Zimmer Holdings Inc. have doubled the performance of the S&P 500 so far this year.
Simon profit dips but outlook improves
Simon Property Group Inc. on Wednesday said its third-quarter profit fell due to recent costs related to refinancing its debt, but that otherwise performance for the quarter was strong.
Noble Roman’s dough rises with higher profit, revenue
The Indianapolis-based franchisor continues to focus on offering take-and-bake pizzas in grocery stores and stand-alone locations to grow revenue.
Baldwin & Lyons’ profit surges on big investment gains
Of the insurer’s $9.3 million in profit in the second quarter, only $4.1 million was attributed to its core operations.
ITT Educational shares reeling after deal falls through
The real estate deal would have brought as much as $119.1 million for the struggling, Carmel-based education firm.
Allison profit upshifts on North American demand
In its second quarter, the Indianapolis-based manufacturer of transmissions and propulsion systems rode accelerating sales for rugged-duty, student transport, and hydraulic fracturing equipment.
Interactive Intelligence shares dive on expected shortfall
The local software and services firm has released disappointing preliminary results for its second quarter, leading to a 16-percent stock tumble.
Profit dips for Emmis despite boost from new stations
The needle on radio revenue spiked in the first quarter for the Indianapolis broadcasting and publishing firm, but profit sank.
Shares of Simon spinoff dip in early trading
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
Stonegate Mortgage results tumble in first quarter
Despite bucking an industry downturn in mortgage loan originations during the first quarter, Stonegate Mortgage Corp. on Thursday reported a net loss of $7.9 million.
CNO takes big earnings hit to dispose of old business
Excluding the cost of finally shedding a block of business from predecessor Conseco Inc., CNO's operations were on the upswing in the first quarter.