Earnings: Genworth, Union Bankshares, Brink’s, Procter and Gamble

Local employers: Genworth Financial

Genworth Financial Inc. swing back into the black after five straight money-losing quarters, as losses from its investments declined.

The Henrico County-based insurance giant reported profit of $45 million, or 4 cents a share, in the third quarter, compared with a $258 million loss a year ago.

Its net loss on investments was $122 million, well below the loss of $816 million it suffered a year ago, as worldwide bond and stock markets melted down.

Genworth's life insurance unit reported higher operating income, while its fee-based retirement business earned a profit, in contrast to last year's modest loss. Its mortgage insurance business, hammered by the housing crisis, reduced its losses.

Total revenue rose 10 percent to $2.39 billion.

The results were released after the markets closed. Shares rose $1.49, or 17.15 percent, to close at $10.18.

-- David Ress

Local companies: Union Bankshares

Union Bankshares Corp. reported quarterly net income of $2.8 million, or 13 cents per share, compared with $4.2 million, or 31 cents per share, in the year-earlier period.

The decrease was mainly driven by a prior year third-quarter gain related to the sale of a bank property for $1.8 million.

Nonperforming assets declined by $8.9 million during the quarter and included the sale of $2.9 million in bank-owned properties and a successful loan modification with a large commercial customer.

The Bowling Green-based company continues to incur costs related to its pending acquisition of Richmond-based First Market Bank, a private bank majority owned by Ukrop's Super Markets Inc. and the Ukrop family.

Quarterly and year-to-date costs associated with the merger are $307,000 and $948,000, respectively. Total acquisition costs are estimated at $10.8 million, with the remainder to be expensed during the next two quarters.

Shares closed at $12.54, up 42 cents.

-- Carol Hazard

Local companies: The Brink's Co.

Armored car company The Brink's Co.'s third-quarter profit fell 28.3 percent as the weak economy limited sales of diamonds and jewelry -- two key items the company's vehicles transport.

The Henrico-based company earned $34.4 million, or 72 cents a share, in the three-month period ended Sept. 30, compared with a profit of $48 million, or $1.03 a share, in the year-ago period.

Excluding one-time items, including an acquisition related gain in the current year's third quarter and gains from discontinued operations, the company earned 41 cents a share. Analysts predicted earnings per share of 49 cents.

Revenue in the quarter fell 1.4 percent to $801.8 million from $813.4 million in the same period a year earlier.

Shares fell 9 cents, or 0.36 percent, to $24.67.

-- The Associated Press

Dow industrial firm: P&G

The Procter & Gamble Co., the world's largest consumer products company, reported better-than-expected first-quarter results and forecast a better outlook after a year of households cutting spending and trading down to cheaper brands.

The maker of Tide and Pampers reported profit was off 1 percent at $3.35 billion, or 1.06 per share, compared with $3.31 billion, or $1.03 per share, a year ago. Sales fell 6 percent to 19.8 billion.

Analysts expected earnings of 99 cents on $19.83 billion.

P&G shares rose $2.31, or 4.04 percent, to $59.54.

-- The Associated Press