Among the earnings stories for Thursday, Feb. 21, from The Associated Press:
— Tim Hortons Inc. said its net income for the fourth quarter fell 2.5 percent due to higher interest and restructuring expenses. The Canada-based restaurant chain also said that tough economy continues to weigh on consumers and it issued a disappointing forecast for the full year.
— Drilling contractor and oilfield services company Parker Drilling posted a fourth-quarter loss, as revenue decreased and it took a sizable charge to resolve a federal corruption investigation.
— Shares of Valassis Communications Inc. fell after the advertising services company announced lower-than-expected fourth-quarter earnings.
— Shares of Dorman Products Inc., which distributes parts to automotive retailers, tumbled after the company reported a drop in fourth-quarter net income.
— Shares of Pegasystems Inc. soared after the business software company announced fourth-quarter results that were significantly better than Wall Street expected and issued a strong outlook for the current year.
- Investment & Company Information