Earnings News

FILE - In this May 18, 2009 file photo, a customer reads magazines inside the Barnes and Noble store in Tallahassee, Fla. Barnes & Noble said Tuesday, Nov. 24, 2009, it posted a wider loss in the second quarter because of costs for an acquisition.(AP Photo/Phil Coale, File)

Top 2 booksellers report losses, their shares fall

AP - Tue Nov 24, 8:28 PM ET

NEW YORK - Barnes & Noble Inc. and Borders Group Inc., the nation's two largest brick-and-mortar book sellers, both posted quarterly losses Tuesday and forecast a difficult holiday season, saying competition from discount chains and online retailers is stiffening.

  • Blue Coat posts profit as sales rise slightly AP - Tue Nov 24, 7:51 PM ET

    SUNNYVALE, Calif. - Blue Coat Systems Inc. on Tuesday reported a fiscal second-quarter profit, reversing a year-ago loss, as sales of its security hardware and software products rose slightly and costs declined.

  • China's 3G Conversion Boosts Telecom Software Firm's Earnings Investor's Business Daily - Tue Nov 24, 6:30 PM ET

    U.S. telecom firms have hit a ceiling as most Americans have a cell phone and Internet access. These firms can only dream of untapped potential in China, the world's largest mobile market.

  • TiVo posts loss as sales slump AP - Tue Nov 24, 6:09 PM ET

    ALVISO, Calif. - TiVo Inc. posted a loss in the latest quarter as sales dropped 12 percent. The company was coming off a big profit a year ago that was caused by a payout from a legal victory.

  • Netezza 3Q profit falls as compensation costs grow AP - Tue Nov 24, 6:00 PM ET

    MARLBOROUGH, Mass. - Data storage and analysis company Netezza Corp. said Tuesday its profit dropped 75 percent in the fiscal third quarter as stock-based compensation costs increased and revenue declined.

  • J. Crew more than doubles profit in 3Q AP - Tue Nov 24, 5:55 PM ET

    NEW YORK - J. Crew Group Inc., seller of clothes, shoes and accessories, said Tuesday its profit more than doubled in the third quarter as sales rose by a double-digit percentage.

  • Earnings roundup: Brown Shoe, Coldwater Creek AP - Tue Nov 24, 5:49 PM ET

    Among the earnings stories for Tuesday, Nov. 24, from AP Financial News:

  • Benihana loses $1.1M in 2Q, withdraws '10 guidance AP - Tue Nov 24, 5:45 PM ET

    MIAMI - Restaurant operator Benihana Inc. said Tuesday it moved to a loss in the second quarter, and it withdrew its previous forecast for 2010 profit.

  • Losses continue in 3rd quarter for Missouri banks AP - Tue Nov 24, 5:33 PM ET

    KANSAS CITY, Mo. - The recession had a mixed effect on Missouri financial institutions in the third quarter as commercial banks posted a net loss while S&L groups enjoyed a net profit.

  • Kansas banks report net loss in third quarter AP - Tue Nov 24, 5:27 PM ET

    KANSAS CITY, Mo. - Kansas commercial banks posted a net loss for the third quarter as the recession and bad loans continued to punish the state's lenders.

  • Brown Shoe has 3Q profit, Famous Footwear helps AP - Tue Nov 24, 5:17 PM ET

    ST. LOUIS - Brown Shoe Co. reported a higher third-quarter profit on Tuesday, citing cost controls and rising sales at its Famous Footwear locations open more than one year.

  • Coldwater Creek posts wider 3Q loss on tax charge AP - Tue Nov 24, 5:07 PM ET

    SANDPOINT, Idaho - Women's apparel retailer Coldwater Creek Inc. said Tuesday its loss widened in the third quarter, largely because of a hefty tax charge and higher promotional costs.

  • FILE - In this Aug. 16, 2005, the 'Rising Man' symbol stands in front of the Fridley, Minn., based Medtronic. Medical device maker Medtronic said Tuesday, Nov, 24, 2009, its fiscal second-quarter profit rose 59 percent on higher sales of implantable heart devices and stents, while costs fell.(AP Photo/Jim Mone, file)
    Medtronic 2Q profit rises 59 percent on sales AP - Tue Nov 24, 5:00 PM ET

    NEW YORK - Medtronic reported a surprising 59 percent boost in second-quarter profit Tuesday, as increased sales of implantable heart devices defied reports of weakening demand from competitors.

  • A display of Hormel's Spam at a grocery store in Palo Alto, Calif., is shown Monday, Nov. 23, 2009. Hormel Foods said Tuesday, its fourth-quarter profit rose more than 50 percent, helped by lower ingredient costs even as sales slipped on lower meat prices and a continuing pullback in consumer spending. (AP Photo/Paul Sakuma)
    Hormel 4Q profit rises 50 percent, but sales slip AP - Tue Nov 24, 4:59 PM ET

    MILWAUKEE - Hormel Foods Inc. plans to boost its advertising next year to persuade cash-strapped shoppers to pay extra for its pricier items, like microwave meals, as they keep looking for ways to cut costs in the downturn.

  • FILE - In this Aug. 19, 2009 file photo, Heinz Organic Tomato Ketchup bottles sit on the shelf of the Heinen's grocery store in Bainbridge Twp., Ohio. H.J. Heinz Co. said Tuesday, Nov. 24, 2009, its second-quarter profit dropped 16 percent from last year as the company's results were hurt by currency shifts. (AP Photo/Amy Sancetta, file)
    Heinz 2Q profit falls 16 percent AP - Tue Nov 24, 4:55 PM ET

    PORTLAND, Ore. - H.J. Heinz Co.'s says its business is thriving in emerging markets but the recession continued to drag down its U.S. and European sales during the second quarter as shoppers limited spending or chose lower-priced products.

  • Banks earn $2.8B in 3Q; FDIC says dangers persist AP - Tue Nov 24, 3:54 PM ET

    WASHINGTON - The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due loans have reached the highest levels in 26 years, the Federal Deposit Insurance Corp. said Tuesday.

  • Atwood Oceanics 4Q profit tumbles 35 pct AP - Tue Nov 24, 3:39 PM ET

    NEW YORK - Offshore drilling contractor Atwood Oceanics Inc. reported its fiscal fourth-quarter earnings fell 35 percent drop as its revenue tumbled and companies in its industry faced weak energy markets.

  • Signet Jewelers posts narrower loss in 3rd quarter AP - Tue Nov 24, 1:58 PM ET

    NEW YORK - Signet Jewelers Ltd., the parent of Kay Jewelers and other retail chains, said Tuesday it posted a smaller third-quarter loss as the jeweler cut costs and gained market share.

  • WSP Holdings posts 1st ever quarterly loss in 3Q AP - Tue Nov 24, 1:44 PM ET

    HARTFORD, Conn. - WSP Holdings Inc., a Chinese manufacturer of oil and natural gas exploration and drilling products, posted a third-quarter loss — its first — on lower demand and prices due to the global recession.

  • American Italian Pasta reports larger 4Q profit AP - Tue Nov 24, 1:31 PM ET

    KANSAS CITY, Mo. - American Italian Pasta Co., the nation's largest maker of dry pasta, said Tuesday that its fourth-quarter earnings more than doubled despite an 8 percent drop in sales.

  • Eaton Vance's profit jumps 39 percent in 4Q AP - Tue Nov 24, 1:16 PM ET

    BOSTON - Investment manager Eaton Vance Corp. said Tuesday its profit jumped 39 percent in the fourth quarter on higher assets under management and lower investment losses.

  • Allied Healthcare 4Q profit rises as costs dip AP - Tue Nov 24, 1:05 PM ET

    NEW YORK - British health care staffing company Allied Healthcare International Inc. said its profit edged up 2 percent in its fiscal fourth quarter, as foreign currency exchange rates hurt revenue but also reduced expenses.

  • Genesco 3Q profit rises, lifts 2010 forecast AP - Tue Nov 24, 12:35 PM ET

    NASHVILLE, Tenn. - Genesco Inc.'s third-quarter profit rose on improved gross margin and lower costs, the footwear and accessories retailer said Tuesday.

  • FILE - In this Aug. 7, 2008 file photo, a Zale's store is shown in New York. Zale Corp. reported a bigger fiscal first-quarter loss on Tuesday, Nov. 24, 2009, hurt by a 10 percent drop in revenue as demand for jewelry remained soft in the weak economy, and a tax benefit helped results a year ago. (AP Photo/Mark Lennihan, file)
    Zale posts wider 1Q loss but beats Street forecast AP - Tue Nov 24, 12:35 PM ET

    DALLAS - Zale Corp. reported a bigger fiscal first-quarter loss on Tuesday, hurt by a 10 percent drop in revenue as demand for jewelry remained soft in the weak economy, and a tax benefit helped results a year ago.

  • Barnes & Noble reports 2Q loss, cuts guidance AP - Tue Nov 24, 12:22 PM ET

    NEW YORK - Barnes & Noble on Tuesday posted a larger second-quarter loss than last year and lowered its profit forecast for this quarter in anticipation of weak holiday sales and high costs of launching its electronic book reader, the Nook.

  • Daktronics posts sharply lower fiscal 2Q profit AP - Tue Nov 24, 12:13 PM ET

    BROOKINGS, S.D. - Daktronics Inc., a maker of large video displays and electronic scoreboards, said Tuesday its fiscal second-quarter profit dropped sharply and it said it expects sales to drop more than average in the third quarter.

  • DHT Maritime 3Q profit drops 91 pct AP - Tue Nov 24, 11:30 AM ET

    NEW YORK - Tanker operator DHT Maritime Inc. on Tuesday said depressed charter rates, weak demand and a one-time financial hedging loss drove down its third-quarter profit by 91 percent.

  • DSW 3Q profit more than doubles, lifts outlook AP - Tue Nov 24, 11:25 AM ET

    COLUMBUS, Ohio - DSW Inc. said Tuesday that its third-quarter profit more than doubled as footwear sales improved.

  • American Eagle 3Q profit rises, sales slip AP - Tue Nov 24, 10:55 AM ET

    PITTSBURGH - American Eagle Outfitters Inc. said Tuesday that its profit climbed in the third quarter as the prior-year period was weighed down by an impairment charge.

  • A high priced home sits for sale near St. Charles, Illinois September 24, 2009. REUTERS/John Gress
    Home prices notch 5th straight gain but pace slows Reuters - Tue Nov 24, 10:17 AM ET

    NEW YORK (Reuters) - U.S. home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation in September slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes on Tuesday.

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