Earnings roundup: DineEquity, Johnson Controls
Among the earnings stories for Tuesday, Oct. 30, from AP Business News:
— DineEquity Inc., the parent company of Applebee's and IHOP restaurant chains, says the sale of nearly 100 of its restaurants to franchisees helped more than triple its net income in the third quarter.
— Ashland Inc. posted a slightly wider fourth-quarter loss as the chemical company booked hefty charges related to a pension loss, debt refinancing and other one-time costs.
— Auto parts and building equipment maker Johnson Controls Inc. said that it posted an $8 million fiscal fourth-quarter loss, hurt by costs of restructuring its business and a change in how it accounts for retirees' benefits.