The parent company of Murrysville-based Respironics on Monday reported second quarter sales of $6.7 billion, up from $5.2 billion for the same period in 2009. Net income was $339.6 million, compared with $58.3 million a year earlier. Its second quarter earnings before interest, tax and amortization expenses was $682.9 million, up from $152.9 million for the second quarter of 2009.

The tech giant raised its 2010 net income guidance to at least $11.25 per share, a nickel per share increase that reflects IBM's confidence in its ability to squeeze more profit out of its workhorse technology services and software divisions. The increase came as IBM reported Monday that its second-quarter net income jumped 9 percent to $3.39 billion, or $2.65 per share. That compares with $3.1 billion, or $2.34 per share, a year ago. It tops analyst projections for $2.58 per share. Revenue rose 2 percent to $23.7 billion, below the $24.2 billion that analysts expected.

The Houston petroleum services company on Monday reported an 83-percent surge in second-quarter profits. The results beat Wall Street expectations, and shares rose more than 5 percent. Halliburton reported net income of $480 million, or 53 cents per share, for the April-June period, up from $262 million, or 29 cents per share, a year ago. Revenue rose 26 percent to $4.39 billion from $3.49 billion a year ago. Analysts surveyed by Thomson Reuters had expected earnings of 37 cents per share on revenue of $4.09 billion.

The world's largest airline reported its largest quarterly profit in a decade Monday, but investors dumped its shares as sales didn't meet expectations. Delta said second-quarter net income was $467 million, or 55 cents per share. That reversed a year-ago loss of $257 million, or 31 cents a share, when the airline industry was still reeling from the recession. Revenue rose 17 percent to $8.17 billion from $7 billion a year earlier. But that figure was below analysts' revenue estimate of $8.25 billion. Excluding one-time items, Delta's earnings came to 65 cents a share, above analysts' expectations of 63 cents per share.

The toy maker's second-quarter profit rose 11 percent as its spending cuts outpaced the drop in sales of Transformers and G.I. Joe toys, which had new movie tie-ins last year. Net income rose to $43.6 million, or 29 cents per share, in the quarter that ended June 27. That's up from $39.3 million, or 26 cents per share, a year earlier. Analysts polled by Thomson Reuters, on average, predicted net income of 24 cents per share. Revenue fell 7 percent to $737.8 million from $792.2 million. Though Hasbro's profit beat Wall Street forecasts, its revenue fell short of the expectations of analysts for $748.3 million.

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