Earnings roundup: Heartland Financial, Masco

Earnings roundup: Heartland Financial profit narrows, Masco 3Q earnings slide 15 percent

• On 6:07 pm EDT, Monday October 26, 2009

Among the earnings stories for Monday, Oct. 26, from AP Financial News:

DUBUQUE, Iowa (AP) -- Community bank Heartland Financial USA Inc. said Monday that higher loan losses narrowed its profit in the third quarter.

TAYLOR, Mich. (AP) -- Masco Corp. said Monday its third-quarter earnings fell 15 percent, partly due to declines in sales of new home construction products and services. But the building-products maker boosted its 2009 profit forecast.

CAMBRIDGE, Mass. (AP) -- Vertex Pharmaceuticals Inc. reported a larger third-quarter loss on Monday, as revenue fell and the company spent more money to support the launch of its hepatitis C drug candidate.

RICHMOND, Va. (AP) -- Lorillard Inc., the nation's third-largest cigarette maker, saw less of a decline in cigarettes sold in the third quarter than its competitors as its value brands posted big gains.

LAKE OSWEGO, Ore. (AP) -- West Coast Bancorp, which operates banks in Oregon and Washington, said Monday its third-quarter loss widened and it received capital investments of $155 million.

NEW YORK (AP) -- Shares of PrivateBancorp Inc. tumbled Monday after the community bank said its loss widened in the third quarter as a result of its deteriorating credit portfolio, especially in commercial real estate.

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