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Today's Financial News

Allstate misses 2Q earnings expectations, tops revenue forecasts

10 hours ago

NORTHBROOK, Ill. (AP) _ Allstate Corp. (ALL) on Monday reported second-quarter net income of $355 million. On a per-share basis, the Northbrook, Illinois-based company said it had profit of 79 cents. Earnings, adjusted for investment gains, came to 63 cents per share. The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

Regal Beloit beats 2Q net income expectations, misses revenue forecasts

10 hours ago

BELOIT, Wis. (AP) _ Regal Beloit Corp. (RBC) on Monday reported second-quarter earnings of $62.8 million. The Beloit, Wisconsin-based company said it had profit of $1.39 per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.53 per share. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.

Limelight Networks reports second-quarter loss but meets expectations

10 hours ago

TEMPE, Ariz. (AP) _ Limelight Networks Inc. (LLNW) on Monday reported a loss of $6.4 million in its second quarter. On a per-share basis, the Tempe, Arizona-based company said it had a loss of 6 cents. Losses, adjusted for one-time gains and costs, came to 4 cents per share. The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 4 cents per share.

How the Dow Jones industrial average and other major indexes fared on Monday

10 hours ago

U.S. stocks dropped on Monday as energy companies slid along with the price of oil. Crude fell to the lowest level since March on signs that supplies remained ample as demand was expected to weaken. For the day: The Dow Jones industrial average fell 91.66 points, or 0.3 percent, to 17,598.20. The Standard & Poor's 500 index lost 5.80 points, or 0.3 percent, to 2,098.04.

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