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| 166 Business News - Profits and/or Losses - Earnings Resources |
| September 8, 2010 |
| Talbots sales disappoint; analysts still like stock |
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| September 7, 2010 |
| Whitbread Confident After Strong Second Quarter |
| Hotel and restaurant chain Whitbread PLC said Tuesday it's confident of its full year performance, but the strong sales growth in the first half is unlikely to continue in the rest of the financial year. |
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| September 3, 2010 |
| Vosco 2Q Net Profit VND40.54 Billion Vs Loss VND38.33 Billion |
| 2010 2009 Total Revenue VND696361 Bln 434.43 Bln Pretax Profit 52.54 Bln (38.33 Bln) Net Profit 40.54 Bln (38.33 Bln) 1H ended June 30: 2010 2009 Total Revenue 1.309 Tln 857.59 Bln Pretax Profit 65.60 Bln (67.89 Bln) Net Profit 53.69 Bln (67.89 Bln) |
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| September 2, 2010 |
| ArcSight posts higher fiscal 1Q profit |
| ArcSight Inc. said Thursday its fiscal first-quarter profit tripled as the cybersecurity software and services company's sales jumped 39 percent. |
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| Costco August same-store sales up 7 percent |
| Costco Wholesale Corp, the largest U.S. warehouse club operator, reported a 7 percent rise in August sales at stores open at least a year, aided by surge in gasoline prices and foreign currency gains. |
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| Family Dollar Quarterly Comparable Sales Up 6.1% |
| Family Dollar Stores Inc. said Thursday that comparable-store sales for the fiscal fourth quarter increased 6.1%. Net sales for the fourth quarter ended Aug. 28 rose 8% to $1.96 billion. Sales during the quarter were strongest in the consumables category. |
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| Forbes: Most profitable hospitals have 25% operating margin |
| A survey of hospital finances by Forbes found that "some American hospitals make 25 cents or more for every $1 in patient revenue they take in," Forbes reports. |
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| Gazprom's First-quarter Net Profit Triples |
| Russian energy giant Gazprom said Thursday its first-quarter net attributable profit soared to 324.95 billion rubles ($10.6 billion) from 103.68 billion rubles in the same period a year ago. Sales surged to 956.8 billion rubles from 837.2 billion rubles. |
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| H&R Block Reports $131 Mln Quarterly Net Loss |
| H&R Block Inc. reported a fiscal first-quarter net loss of $131 million, or 41 cents a share, late Thursday. That compares to a net loss of $133.6 million, or 40 cents a share, in the same period a year earlier. The net loss from continuing operations in the latest period was $114.8 million, or 36 cents a share. |
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| Pier 1 Imports Quarterly Comparable Sales Up 11.2% |
| Pier 1 Imports Inc. said Thursday comparable-store sales rose 11.2% in the fiscal second quarter. Total sales for the quarter ended Aug. 28 rose to $310 million from $287 million in the year-ago quarter. |
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| Spain Jobless Claims Resume Upward Trend |
| Jobless claims in Spain rose 1.6% in August, an increase of 61,083 against the prior month, bringing the total number of unemployed to 3,969,661. The rise is the first after three straight months of declines in jobless claims. |
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| Stage Stores Comparable Sales Up 0.5% |
| Stage Stores Inc. said Thursday that its August sales at stores open at least one year rose 0.5%. Analysts, on average, had expected same-store sales to rise 1.3%, according to Thomson Reuters. Total sales for the four weeks ended Aug. 28 rose 2.4% to $114 million. |
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| Take-Two posts 3Q profit, revenue soars |
| Video game publisher Take-Two Interactive Software Inc. posted better-than-expected results for its fiscal third quarter Thursday, reversing a loss as revenue more than tripled thanks to largely to strong sales of "Red Dead Redemption." |
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| UTi Worldwide 2Q Earnings Improve on Higher Volumes |
| Shares of UTi Worldwide a provider of supply chain services, surged more than 5% Thursday after the company said it beat second-quarter estimates, as earnings edged higher on stronger airfreight and ocean freight volumes. |
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| Vimpelcom's Second-quarter Profit Drops 52% |
| Russian telecommunications firm Vimpelcom Ltd. said Thursday its second-quarter net profit dropped to $334.7 million, or 28 cents a share, from $700.5 million, or 69 cents a share, in the same period a year ago. Analysts polled by Dow Jones Newswires expected net profit of $376 million. |
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| Wet Seal August Same-store Sales Up 1.1% |
| Wet Seal Inc., the Foothill Ranch, Calif., apparel retailer, reported August same-store sales rose 1.1% as net sales advanced 4.2% to $52.6 million. A survey of analysts by Thomson Reuters produced a consensus estimate of same-store sales down 3.5%. |
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| September 1, 2010 |
| Brown-Forman 1Q Profit Sinks, Reaffirms Guidance |
| Shares of Brown-Forman (BFB) were down about 7% Tuesday after the wine and liquors maker said its first-quarter profit slumped from a year ago, as strong global sales and high demand for Jack Daniels and other top brands could not fully offset weaker US demand for Southern Comfort. |
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| Chile SQM 2Q Net Profit Jumps 22.4% to $105.0 Million |
| Fertilizer and speciality chemical producer Sociedad Quimica y Minera de Chile SA's second quarter net profit rose a better-than-anticipated 22.4% to $105 million, or 40 cents per American Depositary Receipt, on increased demand for its products, the company said in a filing with the local SVS securities regulator late Tuesday. |
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| Colombia Banks Jan-July Combined Net Profit Up 15% To COP3.58 Trillion |
| Colombia's financial institutions posted a combined net profit of 3.58 trillion Colombian pesos ($1.97 billion) during the first seven months of the year, up 15% from the same period in 2009, the country's banking regulator said Wednesday. |
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| G-III Shares Boosted by Stronger 2Q Profit |
| G-III Apparel Group closed up more than 16% Wednesday after reporting strong second quarter earnings from a year ago loss, beating expectations, and widening its full-year view. |
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| Harry Winston Posts 1st Profit In 1 1/2 Years On Sales Surge |
| Harry Winston diamond Corp. swung to a fiscal second-quarter profit--its first in 1 1/2 years--on sharply higher mining revenue and retail sales growth as diamond prices continued to increase. |
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| Heinz Quarterly Profit Climbs To $240 Million |
| Sauce and ketchup maker Heinz Co. reported a 13% rise in fiscal first-quarter earnings on Wednesday, helped by sales of the company’s more well-known consumer staples. |
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| Hovnanian 3Q Loss Narrows On Fewer Write-Downs; Contracts Drop |
| Hovnanian Enterprises Inc.'s fiscal third-quarter loss narrowed as the home builder saw fewer land-related write-downs in the most-recent quarter but its net contracts dropped 37% amid the expiration of government tax credits. |
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| HUD To Give Communities, Non-Profits First Shot At Bank-Owned Homes |
| The U.S. Housing and Urban Development department plans to partner with mortgage lenders to offer state and local governments and nonprofits a chance to buy bank-owned properties before they're offered to private investors. |
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| Jos. A. Bank Clothiers 2Q Profit Higher on Same Store Sales |
| Jos. A. Bank Clothiers surged Wednesday after the retailer said its second quarter profit increased 32% from the prior year, driven by higher revenues amid improved same store sales and modest expenses. |
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| SAIC's Quarterly Profit Grows To $189 Million |
| SAIC Inc. late Wednesday reported its second-quarter net income rose to $189 million, or 50 cents a share, from $123 million, or 31 cents a share, in the same quarter last year. Earnings from continuing operations were 42 cents a share. |
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| Vivendi raises outlook despite dip in net profit |
| French media company Vivendi SA said Wednesday that net income fell 3.5 percent in the second quarter due to fewer music releases from artists like Eminem and Lady Gaga, but it raised its full-year outlook as it expects strong results from video games and mobile services in emerging markets. |
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| August 31, 2010 |
| Bunzl To Continue Buying Spree As Profits Rise |
| U.K.-based distribution and outsourcing group Bunzl PLC Tuesday said it expects higher profits in the second half, boosted by acquisitions, after reporting an 8% increase in first-half pretax profit. |
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| Dollar General profit beats, raises view |
| Dollar General Corp posted a higher-than-expected quarterly profit as it attracted bargain-seeking consumers who spent more per visit, and the discount retailer raised its profit outlook. |
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| Origin Agritech Shares Fall 9% On Earnings Report |
| Shares of Origin Agritech Ltd. slid 9% to $7.34 in early trades Tuesday after the supplier of hybrid crop seeds in China reported fiscal third-quarter results. Origin reported net income of $15.5 million, or 67 cents share, up from net income of $11 million, or 48 cents a share, in the year-earlier period. Sales fell 3.1% to $68 million. Origin Argitech shares are down 38% so far this year. |
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| August 30, 2010 |
| Foxconn International 1st Half Net Loss Widens To US$142.6 Million |
| Contract handset maker Foxconn International Holdings Ltd. said Monday its first-half net loss widened because of lower product prices, changes in the company's product mix and higher depreciation expenses related to a planned relocation of production facilities. |
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| Hon Hai 1st Half Net Profit Up; Foxconn International Loss Widens |
| Hon Hai Precision Industry Co. the world's largest contract electronics maker by revenue and its handset unit Foxconn International Holdings Ltd. reported contrasting results as one benefited from strong orders from Apple Inc, while Hong-Kong listed Foxconn International was hurt by slower demand for key customers Nokia Corp. and Motorola Inc. |
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| Winn-Dixie Reports Quarterly Profit Of $14 Mln |
| Winn-Dixie Stores late Monday reported its fourth-quarter net income rose to $14 million, or 25 cents a share, from $9.4 million, or 17 cents a share, in the same quarter last year. Revenue edged up 1.8% to $1.75 billion while same-store sales fell 5.2% in the quarter which the retailer blamed on "increased competitive activity." Analysts surveyed by FactSet had forecast earnings of 15 cents a share on revenue of $1.79 billion. |
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| August 27, 2010 |
| Intel's Third-Quarter Below Expectations |
| Intel Corporation today announced that third-quarter revenue will be below the company’s previous outlook. The company now expects third-quarter revenue to be $11.0 billion, plus or minus $200 million, compared to the previous expectation of between $11.2 and $12.0 billion. Revenue is being affected by weaker than expected demand for consumer PCs in mature markets. Inventories across the supply chain appear to be in-line with the company’s revised expectations. |
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| Intesa Sanpaolo 2Q Net Up On Asset Sale Gains< |
| Intesa Sanpaolo SpA said Friday that second-quarter net profit soared as capital gains from asset sales outweighed a trading loss and lower net interest income. |
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| Netezza's TwinFin fuels profit surge< |
| Data warehousing company Netezza posted a banner second quarter courtesy of its TwinFin product line. |
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| PetroChina to build LNG facility to supply Tibet< |
| PetroChina Co Ltd plans to build a 300 million yuan ($44 million) liquefied natural gas facility in western China to supply Tibet, parent China National Petroleum Corp said. |
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| Santander UK 1st Half Pretax Profit GBP1.16 Billion, Tier 1 Capital Ratio 11.1%< |
| Santander U.K. PLC, which includes the Alliance & Leicester and Bradford and Bingley brands, Friday reported a 37% rise in first half pretax profit and said its Tier 1 capital ratio at June 30 rose to 11.1%. |
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| Stallergenes first half-year 2010 EBITDA increases by 48% to EUR 35.6 million< |
| First Half-Year 2010 RESULTS - Excellent 1st Half-Year 2010 Performance by Stallergenes - Growth in France and Internationally +13% - Very Strong net Profit Growth +51% - Free Cash Flow Growth +90% |
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| Tiffany sales disappoint as some shoppers pull back< |
| Tiffany & Co reported softer-than-expected quarterly sales as U.S. customers spent less on its selection of lower-priced jewelry, sending its shares down more than 5 percent. |
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| August 26, 2010 |
| Accor Net Loss Narrows As Hotels Rebound Continues |
| Accor SA, the owner of luxury hotels brand Sofitel and North American budget chain Motel6, Thursday echoed other hotel operators in reporting a pick up in demand for rooms after last year's slump, as it reported a narrowed first-half loss and said it expects to post higher earnings this year. |
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| Ahold Continues To Beat Rivals In US |
| Another stand-out performance in the U.S. and euro moves against the dollar helped Dutch retailer Koninklijke Ahold NV to a 3.1% rise in net profit in the second quarter, despite challenging market conditions. |
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| Aruba Networks posts fiscal 4Q profit |
| Aruba Networks Inc., which makes equipment for wireless network providers, on Thursday posted a small profit for its latest quarter. The results beat analyst estimates. |
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| Credit Agricole sees profits rise |
| French bank Credit Agricole has reported a big rise in profits for the first half of the year, despite feeling the impact of the Greek debt crisis. |
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| Diageo Sees Profit Growth Accelerating |
| Global drinks giant Diageo PLC posted a slight rise in full-year profit Thursday and said it expects stronger growth in the coming year as growth in emerging markets continues to offset weakness in North America and Europe. |
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| Glencore 1st Half Net Profit Up; Plans Gold Spin-Off |
| Swiss commodities group Glencore International AG Thursday reported a rise in first half net profit and said it plans to partially spin-off gold assets some time next year that analysts say could be worth between $3 billion and $5 billion |
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| Glencore 1st Half Net Profit Up;$1 Billion In Disposals Progressing |
| Swiss commodities group Glencore International AG Thursday reported a 42% rise in first half net income before exceptional items due to higher commodities prices and said it has made progress with its planned $1 billion in disposals. |
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| ICBC, BOC set to see slower growth after strong Q2 |
| Top Chinese lenders ICBC and Bank of China signaled a peaking of earnings growth after strong second-quarter profits, as they slow their lending and focus on asset quality. |
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| IRS Has Received Info On 2,000 UBS Accounts |
| The U.S. Internal Revenue Service said it expects to withdraw a civil lawsuit against UBS AG this fall, based on the receipt of information on over 2,000 hidden accounts and assurances of more to come from the Swiss government. |
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| J&J Unit Recalls Replacement Hip Systems |
| Johnson & Johnson's orthopedic-device unit is recalling hip replacement parts implanted in about 93,000 people worldwide because of a high rate of repeat surgeries needed, adding a new quality problem for the health-products company. |
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| JGBs drop; profit taken in superlongs,curve steeper |
| Japanese government bonds slipped on Thursday, with the 20-year yield posting its biggest daily rise in a year, and the yield curve steepened as investors took profits towards the end of the fiscal first half. |
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| Jo-Ann Stores Raises Profit Forecast; Shares Surge |
| Shares of Jo-Ann Stores Inc. jumped nearly 15% after the retailer raised its fiscal-year outlook on improving profit margins and strong demand for sewing supplies. The Hudson, Ohio-based company said it now expect to earn $3.20 to $3.35 a share for fiscal 2011, versus its prior range of $2.95 to $3.10 a share. Same-store sales are expected to increase 3% to 4% for the year, compared to an earlier forecast of 2.5% to 3.5%. Shares of Jo-Anne rose nearly 13% at last check to $41.55. Earlier the stock traded as high as $42.22. |
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| Novell Fiscal 3Q Profit Down 5.9% On Lower Revenue, Margins |
| Novell Inc.'s fiscal third-quarter profit dropped 5.9% on lower revenue and margins as results were hurt by customer uncertainty about the software company's future. |
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| August 25, 2010 |
| BHP Billiton profits rise to $19.6bn |
| Mining giant BHP Billiton has seen its annual profits rise nearly 70% thanks to a recovery in commodity prices. |
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| China Life 1st-Half Net Profit Up 7.4% At CNY18.03 Billion |
| China Life Insurance Co. said Wednesday its first-half net profit rose 7.4% from a year earlier, as solid premium growth more than offset a decline in investment returns from the domestic stock market. |
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| CIBC profit tops estimates, pushes shares higher |
| Quarterly profit at Canadian Imperial Bank of Commerce rose 47.5 percent, topping expectations, and sending the bank's shares 2.5 percent higher. |
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| Deere Quits Coalition Supporting Cap-And-Trade |
| Deere & Co. has quietly dropped out of a coalition of large companies that has supported a cap-and-trade program for reducing carbon dioxide emissions. |
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| Guess Reports Record Quarterly Net Earnings |
| Guess Inc. reported record quarterly net earnings late Wednesday. The clothing retailer said net earnings came in at $66.8 million, up from $59.6 million in the same period a year earlier. Profit attributable to common stock holders was 72 cents a share versus 64 cents a share. Total net revenue for the quarter rose 10.5% to $577.1 million, the company added. Comparable store sales increased 1.7% in local currency and 3.5% in U.S. dollars. |
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| JDSU Swings To Profit For Fourth Fiscal Quarter |
| JDSU said Wednesday that it swung to a profit for its fourth fiscal quarter on a strong jump in sales of the company's optical networking products. For the quarter ended July 3, JDSU reported net income of $ 1.5 million, or 1 cent a share, compared to a net loss of $63.6 million, or 29 cents a share, for the same period last year. |
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| Jo-Ann Stores Swings To Profit, Raises Outlook |
| Jo-Ann Stores late Wednesday swung to a second-quarter profit and raised its full-year outlook. The Ohio-based fabric and craft retailer earned $5.4 million, or 20 cents a share. It lost $3.2 million, or 13 cents a share, in the year-earlier period. Sales rose 4.7% to $439.3 million. Sales at stores open one year rose 4.4%. |
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| Heineken profits up as sales fall |
| Dutch brewing company Heineken has reported a rise in profits for the last six months, despite falling beer sales. |
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| Iberia Seen Swinging To 2Q Net Profit |
| Iberia Lineas Aereas de Espana: 2Q Earnings Due: Aug. 27 at 0600 GMT Dow Jones Survey of 4 Analysts Average Net Profit: EUR7M, (EUR72.8M net loss in 2Q 2009) Average Revenue: EUR1.35B, +26% (EUR1.07B in 2Q 2009) |
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| RTL Group More Upbeat, Swings To Profit |
| RTL Group SA, Europe's biggest free-to-air broadcaster by households reached, Wednesday said it expects to post significantly better results this year, underscoring growing optimism in broadcasting and advertising markets, as it swung to a first-half profit. |
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| Santos 1st Half Net Profit Of A$198 Million At Top End Of Guidance |
| Santos Ltd. on Thursday reported a large rise in first half profit, underpinned by higher oil and gas prices and lower tax and interest expenses. |
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| Summary Box: China Telecom 1H profit edges up |
| RESULTS: China Telecom Ltd. posted a nearly 1 percent rise in profit for the first half of the year as its Internet and mobile businesses grew, though demand for traditional service weakened further. |
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| Toll Brothers reports Q3 profit on tax gains |
| U.S. luxury homebuilder Toll Brothers Inc beat Wall Street expectations and reported its first profit in three years Wednesday, sending its shares up nearly 3 percent in early trading. |
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| US Thrifts Post 2Q Profit, But 'Problem' Firms Increase |
| U.S. thrifts posted their fourth consecutive quarterly profit in the second quarter even as industry results continued to reflect ongoing economic weakness and high levels of delinquent loans. |
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| August 24, 2010 |
| Antofagasta 1st Half Net Profit Jumps;Output Target Lowered |
| Chilean miner Antofagasta PLC Tuesday reported its first-half net profit nearly doubled due to higher sales and commodity prices, but adjusted its forecast for full-year copper output lower due to production delays. |
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| Barnes & Noble Swings To 1Q Loss On Lower Margins; Stock Down |
| Barnes & Noble Inc. swung to a fiscal first-quarter loss as same-store sales at its namesake stores fell, missing the company's forecast. |
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| Big Lots Lifts Guidance After Profit Jumps 37% |
| Retailer Big Lots Inc. said Tuesday that its fiscal second-quarter net profit rose 37% to $38.9 million, or 48 cents a share, from $28.4 million, or 34 cents a share, a year earlier, as it also raised its guidance for the year. Revenue for the three months to July 31 grew 5.1% to $1.14 billion, while comparable store sales were up 3.8%. |
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| Burger King profit beats; shares rise |
| Burger King Holdings Inc reported higher-than-expected quarterly profit as it kept a tight rein on expenses, sending shares up 1.7 percent. |
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| Couche-Tard profit rises, buys 10 U.S. stores |
| Alimentation Couche-Tard Inc , Canada's largest independent convenience store operator, posted a 42.2 percent rise in quarterly profit on Tuesday and announced it had acquired 10 company-operated stores from Compac Food Stores Inc. |
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| German Q2 growth surge driven by exports, consumers |
| A return to growth in consumer spending allied with buoyant exports helped spur Germany's economy to its fastest rate of expansion since reunification in the second quarter, official data confirmed on Tuesday. |
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| WPP profits hit £244m as advertising market strengthens |
| Half-year pre-tax profits at WPP, the world's largest advertising group, have risen 36% to £244m. |
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| August 23, 2010 |
| Pay-TV Industry Suffers First Subscriber Decline On Record |
| The subscription television industry--including cable, satellite and telecommunications companies--suffered its first-ever drop in total subscribers in the second quarter, according to research firm SNL Kagan. |
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| August 20, 2010 |
| Corinthian Colleges 4Q Revenue Up, Shares Slip on Soft EPS, Outlook |
| Corinthian Colleges Inc. beat expectations on its fourth-quarter revenue, driven primarily by new students and improved graduate placements, though its earnings fell short of expectations, causing shares to slip nearly 7% after the bell. |
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| Foot Locker Sees 3Q Comparable Sales Up On Percentage Basis |
| Foot Locker Inc. said it remains cautious on the second half of the year, given the uncertain economic environment, though it is cautiously optimistic about the back-to-school season. |
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| Hibbett Sports Misses View on 2Q Earnings, Shares Slip |
| Hibbett Sports Inc. reported higher second-quarter sales from a year ago on Friday, leading the company to raise its full year view, but the shares fell nearly 6% on worse-than-expected earnings. |
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| Hormel posts profit beat, raises forecast |
| Strong sales of Jennie-O turkey and refrigerated foods helped Hormel Foods Corp (HRL.N) post higher-than-expected quarterly profit despite increased raw material costs for grocery products and Spam lunch meat. |
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| J.M. Smucker 1Q Earnings Miss Expectations, Improves Full Year View |
| The J.M. Smucker Co., producer of big-name brands such as Jif peanut butter, Hungry Jack pancake mix, and Pillsbury, reported Friday worse-than-expected first quarter earnings, though its results improved from a year ago, leading the company to raise its full year outlook, and pushing shares higher. |
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| Tyco Shares Gain 5.6% On S&P 500 Inclusion |
| Shares of Tyco International Ltd. jumped nearly 6% Friday in anticipation of the manufacturer's inclusion on a benchmark U.S. stock index. The Swiss-based company will replace Smith International Inc. on the Standard & Poor's 500 Index after the market close on Thursday. Shares of Tyco were up 4.7% at last check to $38.47. Earlier the stock traded as high as $38.88. |
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| August 19, 2010 |
| Brocade Shares Fall After Quarterly Results |
| Brocade Communications Systems Inc. shares fell more than 5% Thursday after the technology company reported quarterly results. Brocade, which sells switches and software that connect corporate computer servers and data-storage systems, said profit was $22 million, or 5 cents a share, compared with a year-earlier loss of $23.5 million, or 6 cents a share. |
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| China Mobile First Half Net Up 4.2%; Names Li Yue CEO |
| China Mobile Ltd., the world's biggest mobile operator by subscribers, reported Thursday a small profit growth for the first half as competition intensified and it added low-income subscribers from rural areas. |
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| Dell 2Q net income rises 16 percent |
| PC maker Dell Inc. said Thursday that its net income improved 16 percent in the most recent quarter, though a key measure called gross profit margin fell. |
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| Dick’s Sporting Goods Hits Record 2Q Profit on Same Store Sales |
| Dick’s Sporting Goods Inc. was trading down nearly 2% Thursday despite reporting earlier in the day record-high second-quarter profit, as its Dick’s and Golf Galaxy same store sales improved from a year ago, leading the company to raise its full-year view. |
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| Dollar Tree 2Q Earnings Beat Estimates on Higher Sales |
| Dollar Tree Inc. reported Thursday stronger-than-expected second-quarter earnings, as higher store traffic and sales of food, beauty products and party supplies improved revenues. |
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| Finra Fines HSBC $375,000 On Problematic CMO Sales |
| The Financial Industry Regulatory Authority said Thursday that it fined HSBC Securities Inc. $375,000 for recommending unsuitable sales of inverse floating rate collateralized mortgage obligations to retail clients. "HSBC failed to adequately supervise the suitability of the CMO sales and fully explain the risks of an inverse floating rate or other risky CMO investment to its customers," said Finra in a statement. |
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| Foot Locker's Quarterly Profit Improves |
| Foot Locker Inc. late Thursday reported its second-quarter net income rose to $6 million, or 4 cents a share, from breakeven in the same period last year. Revenue slipped 0.3% to $1.1 billion while same-store sales rose 2.5%. Foot Locker said excluding the impact of foreign currency fluctuations, second-quarter sales gained 1.3%. Analysts surveyed by FactSet Research had expected the sports footwear and apparel company to report earnings of 4 cents a share on $1.13 billion in revenue. |
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| Holcim braces for austerity pinch after H1 miss |
| Holcim, the world's second-biggest cement maker, warned government austerity programmes would limit infrastructure spending in the months ahead and posted disappointing first-half earnings. |
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| HP profit rises on strength in servers and PCs |
| Hewlett-Packard Co's profit rose 6 percent, helped by server and personal computer sales, in its first quarterly report since the surprise ouster of Chief Executive Mark Hurd. |
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| Lenovo surges back to the black |
| Buoyed by double-digit gains in market share, Lenovo returned to profitability in the first fiscal quarter. |
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| Marvell Tech Second-quarter Profit Triples |
| Marvell Technology Group Ltd. said late Thursday that its second-quarter profit rose to $219.8 million, or 33 cents a share, from $58.5 million, or 9 cents a share, in the year-ago period. Excluding one-time items, the company would have reported earnings of 40 cents a share in the latest quarter. |
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| Neovasc revenue increases 60% for second quarter 2010 |
| Neovasc Inc., today announced financial results for the three and six months ended June 30, 2010. |
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| PC maker Lenovo turns to profit on China sales |
| Lenovo Group, the fourth-largest personal computer maker, said Thursday it rebounded to a quarterly profit from a loss a year earlier, driven by strong sales in China and other emerging markets. |
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| PetSmart Shares Gain 8.3% On Upbeat Results |
| PetSmart Inc. shares climbed 8.3% to $32.47 each early Thursday after the retailer booked a 24% rise in second-quarter profit on sales growth of 6%. The pet-store operator said late Wednesday it earned $48.4 million, or 41 cents a share, in the quarter, up from $39 million, or 31 cents a share, in the year-ago period. |
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| Ross Stores profit up; holiday outlook cautious |
| Ross Stores Inc reported a higher quarterly profit, helped by bargain hunters and lean inventories, but the off-price retailer said sales could be flat or lower during the holidays. |
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| Salesforce.com Tops Views As Sales Rise 25% |
| Salesforce.com Inc. said Thursday its second-quarter net income fell to $14.7 million, or 11 cents a share, from $21.2 million, or 17 cents a share in the same period last year. The provider of on-demand business software said revenue for the period ended July 31 rose 25% to $394.4 million. Excluding special items, Salesforce.com said earnings for the quarter were flat at 29 cents a share. |
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| Sears Narrows Second-quarter Loss |
| Sears Holdings Corp. , the owner of the Kmart chain, said its second-quarter net loss shrank to $39 million, or 35 cents a share, from $94 million, or 79 cents a share, in the year-earlier quarter. |
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| Staples Profit Up 40%, but Outlook Cautious |
| Staples posted a 40% increase in second-quarter profits on Thursday, but the office supply retailer’s non-GAAP results only met Wall Street’s expectations and its third-quarter view was cautious. |
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| Stein Mart Closes Up on Stronger 2Q Earnings |
| Stein Mart Inc. reported stronger-than-expected second-quarter earnings, driven by modest expenses and improved inventory management efforts. |
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| Williams-Sonoma blows past estimates and raises outlook |
| Williams-Sonoma Inc posted a far stronger-than-expected quarterly profit as it used mailers and exclusive merchandise to lure more shoppers, and the upscale chain boosted its full-year outlook. |
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| Zumiez Swings To Slight Profit In Second Quarter |
| Zumiez Inc. late Thursday said that it swung to a slight profit in the second quarter, reporting net income of $114,000, up from a loss of $3.1 million last year. Earnings per share came to zero in the most recent quarter, as its share count rose slightly. Still, that was better than a loss of 10 cents in the year-ago quarter. |
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| August 18, 2010 |
| Applied Materials Moves To 3Q Profit; 4Q View Tops Street |
| Applied Materials Inc. swung to a fiscal third-quarter profit despite $135.3 million in restructuring charges and asset write-downs as sales more than doubled and margin improved. |
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| BJ's 2Q Earnings Improve on Membership Fees, Miss Expectations |
| BJ’s Wholesale Club Inc. said Wednesday that modest increases in membership and expenses drove its second-quarter earnings up from a year ago, though it still fell short of expectations, causing shares to drop. |
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| BoCom First-half Profit Rises 30% To $3 Billion |
| Bank of Communications Co., China's fifth-largest lender, reported Thursday its net profit for the first-half totaled 20.36 billion yuan ($3 billion), a rise of 30% from the year earlier 15.65 billion yuan, or 0.4 yuan a share, compared to a year earlier 0.31 yuan a share. Analysts were expecting profit of 20.77 billion yuan according to a survey by Dow Jones Newswires. |
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| Deere 3Q Profit Jumps, Helped By Strong Demand |
| Deere & Co.'s fiscal third-quarter profit surged 47%, on strengthening demand for large farm machinery in the U.S. and rebounding sales of its construction equipment. |
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| Eaton Vance Q3 earnings miss estimates, shares off |
| Shares in Eaton Vance Corp fell over 3 percent in early trading Wednesday after the Boston asset manager's results for its fiscal third quarter missed analyst estimates. |
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| Gymboree's 2Q Profit Trumps Expectations, Revenue Misses |
| Gymboree Corp. reported stronger second-quarter earnings than predicted, while revenue missed expectations despite improving on the prior year. |
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| Limited Brands Says Second-quarter Profit Jumps |
| Limited Brands Inc. late Wednesday reported second-quarter net income of $178.7 million, or 54 cents a share, up from $74.3 million, or 23 cents a share, in the year-ago period. Revenue rose 8.5% to $2.24 billion from $2.07 billion a year ago. The clothing retailer said its adjusted earnings were 36 cents a share. Analysts surveyed by Thomson Reuters had forecast the company to earn 34 cents a share on revenue of $2.2 billion. |
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| Open Text profit jup on higher revenue, cost cuts |
| Open Text's quarterly profit rose sharply on strong revenue growth and cost controls, the Canadian business software firm said on Wednesday. |
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| Target 2Q Profit Rises 14%; Card Unit Strong Again |
| Target Corp.'s fiscal second-quarter earnings rose 14% as cost cutting helped overcome disappointing sales. Target also said it is making significant headway in getting its credit card business back on track. |
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| U.S. Steel Corp. Jumps 5% On Merger Talk |
| United States Steel Corp. rose 5.3% to $49.82 on Wednesday amid reports that the company could be the target of a takeover deal. Joe Kinahan, chief derivatives strategist for TD Ameritrade, told Reuters that a rumor is circulating about a merger offer for U.S. Steel. One possible suitor, ArcelorMittal, declined to comment, according to reports. |
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| Wind turbine maker Vestas sees profits fall |
| Shares in Vestas, the world's largest wind turbine maker, have fallen 23% after it reported a second-quarter loss and cut its sales forecast. |
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| August 17, 2010 |
| Analog Devices 3Q Profit Triples On Strong Sales; 4Q View Rosy |
| Analog Devices Inc.'s fiscal third-quarter profit tripled on strong sales growth and higher margins as the industrial and automotive markets remained strong. |
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| China Techfaith 2Q profit rises 62 percent |
| China Techfaith Wireless Communication Technology Ltd. said Tuesday that its second-quarter profit climbed 62 percent as the Chinese cell phone designer's product sales rose. |
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| Home Depot 2nd-period Net Up 6.8%, Sales Up 1.8% |
| Home Depot, the Atlanta home-improvement retailing giant, reported that for the fiscal second quarter ended Aug. 1, net income reached $1.19 billion, or 72 cents a share, up 6.8% from $1.12 billion, or 66 cents, in the year-earlier quarter. Shares outstanding fell 1.7% to 1.66 billion. Net sales rose 1.8% to $19.41 billion from $19.07 billion. |
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| Mayflower Bancorp 1Q Earnings Up, Declares 6-Cent Dividend |
| Mayflower Bancorp, Inc. was trading up Tuesday after reporting stronger first-quarter earnings from a year ago, and a 6-cent quarterly dividend. |
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| TJX profit up on rising traffic; shares higher |
| TJX Cos Inc reported higher second-quarter profit on tighter inventories and stronger demand for its cut-price designer brands, and its shares rose 1.3 percent in early trading. |
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| Wal-Mart says consumers still wary |
| Wal-Mart Stores Inc posted its fifth-consecutive quarterly drop in U.S. same-store sales and said it would focus on curbing expenses to help boost profits this year as consumer sentiment remains soft. |
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| August 16, 2010 |
| Agilent Tech 3Q Profit Beats Views, Boosts Outlook |
| Agilent Technologies Inc. saw its shares rise after the market closed Monday, as a result of its better-than-expected boost to full-year guidance and third-quarter earnings that topped estimates. |
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| Emisphere second-quarter net loss increases to $13.7 million |
| For the three months ended June 30, 2010, Emisphere reported a net loss of $13.7 million, or $0.32 per basic and diluted share, compared to a net loss of $4.2 million, or $0.14 per basic and diluted share for same period last year. |
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| Lowe's 2Q Net Up 9.6% But Sales Growth Light; View Cautious |
| Tight control over expenses helped Lowe's Cos.' fiscal second-quarter earnings increase 9.6%, though sales disappointed and the home-improvement retailer's results and outlook added evidence that the recovery in discretionary, big-ticket purchases has slowed. |
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| LyondellBasell posts profit after bankruptcy exit |
| Plastics and chemical company LyondellBasell Industries NV, which just emerged from Chapter 11 bankruptcy, posted a second-quarter profit Monday, sending its stock up nearly 5 percent. |
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| Nutrastar second-quarter revenues increase 63.4% to $5.46 million |
| Nutrastar International Inc., a leading nutraceutical company which produces and distributes Chinese Golden Grass and other specialty food products, today announced financial results for their three and six months ended June 30, 2010. |
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| UCI Medical Affiliates third-quarter revenues increase 9.23% to $21.04 million |
| UCI Medical Affiliates, Inc. today announced that it had filed its Quarterly Reports on Form 10-Q for the quarter ended June 30, 2010. |
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| Urban Outfitters Posts 46% Higher Profit |
| Urban Outfitters, Inc. reported late Monday second-quarter net income rose to $71.7 million, or 42 cents a share, from $49 million, or 29 cents, a year ago. Revenue for the three months ended July 31 rose 20% to $552.2 million from $458.6 million. Analysts polled by FactSet Reserch had expected the Philadelphia-based apparel retailer to earn 39 cents a share on $541.6 million in sales. Shares of Urban Outfitters rose 2% to $32.03 in after-hours trade. |
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| August 13, 2010 |
| Achillion second-quarter net loss increases to $6.4 million |
| Achillion Pharmaceuticals, Inc., a leader in the discovery and development of small molecule drugs to combat the most challenging infectious diseases, today reported financial results for the three and six months ended June 30, 2010. For the second quarter of 2010, the Company reported a net loss of $6.4 million, compared with a net loss of $6.1 million for the same period last year. Cash, cash equivalents and marketable securities as of June 30, 2010 were $19.5 million. |
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| Blockbuster wins debt reprieve, warns of liquidation |
| Blockbuster Inc has won its second debt-payment deadline extension in as many months, but the struggling video rental chain reported a wider loss and warned it might have to liquidate, sending its shares plummeting more than 20 percent on Friday. |
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| Hana Biosciences second-quarter net loss decreases to $6.3 million |
| Hana Biosciences Inc., a biopharmaceutical company focused on strengthening the foundation of cancer care, today reported financial results for the three and six months ended June 30, 2010, and provided a corporate update. |
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| J.C. Penney Posts 2Q Profit But Provides Cautious View |
| J.C. Penney Co. swung to the black in its fiscal second quarter after booking prior-year pension expenses, but the department-store chain continues to trail some main rivals as it digests changes in its clearance strategy and catalog offering. |
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| Mexico's Penoles 2Q Net Lower In Absence Of Tax Credit |
| Mexican mining and metals company Industrias Penoles SAB de CV (PE&OLES.MX) said profit fell 29% to 1.89 billion pesos in the second quarter in the absence of a tax credit received a year earlier, although sales rose 70% to MXN15.64 billion ($1.2 billion) on higher metals prices and sales volumes. |
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| August 12, 2010 |
| Brinker's Sales Remain Weak;4Q Net Up 51% On Brand Sale |
| Brinker Interantional Inc.'s sales at its flagship Chili's Grill & Bar brand remain weak as it struggles to attract customers without aggressive discounts. |
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| Estee Lauder Swings To 4Q Profit; EPS View Below Estimates |
| Estee Lauder Cos. swung to a fiscal fourth-quarter profit following prior-year restructuring charges as increases in sales of the skin-care and makeup segments more than offset a decline in fragrances. |
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| GM posts big profit; CEO says he's done his job |
| General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to the public. The results were strong enough that CEO Ed Whitacre announced he will step down next month, saying his job was done. |
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| Kohl's sees costs from new credit cards, shares fall |
| Kohl's Corp gave a profit forecast that missed Wall Street expectations, citing the cost of adapting to new consumer credit card laws, and expects slower sales growth. |
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| Perrigo 4Q Revenue Up on Acquisitions |
| Perrigo Co. said Thursday that its sales topped records for the fourth consecutive year, partially driven by two acquisitions in the fourth quarter that boosted Commercial Healthcare and Rx revenues. |
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| Prudential PLC Profits Jump, Targets Asia For Growth |
| Prudential PLC, the U.K's biggest insurer by market capitalization, Thursday posted a higher-than-expected 41% rise in first-half operating profit and raised its dividend, capping a reporting season that had life insurance companies benefiting from a recovery in sales amid signs of improving financial markets. |
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| Sara Lee Swings To Profit; Sales Rise On Extra Week |
| Sara Lee Corp.'s fiscal fourth-quarter sales rose 4.2% as the company benefited from an extra week in the latest quarter, but like other food companies the bread and cheesecake maker felt pressure from heavy price competition in grocery stores. |
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| Tim Hortons shares soars on profit, bakery sale |
| Tim Hortons Inc, Canada's largest restaurant chain, posted a 21 percent rise in net income on Thursday and said it is selling its 50 percent interest in Maidstone Bakeries to its European joint venture partner Aryzta AG. |
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| Wendy's/Arby's Lowers Full-Year Forecast |
| Fast-food chain operator Wendy's/Arby's Group Inc lowered its 2010 earnings forecast, posted lower quarterly profit and revenue missed expectations as same-store sales at its Arby's roast beef sandwich restaurants tumbled. |
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| August 11, 2010 |
| Adecco Swings To Profit, Confirming Market Pickup |
| Adecco SA, the world's largest temporary employment company by sales, Wednesday said it swung to a second-quarter net profit as demand for temporary staffing jumped and because last year's figures had been hit by restructuring costs. |
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| Austrian Post Sees Full-Year Sales Down Despite 2Q Rise |
| Austrian postal service provider Oesterreichische Post AG, or Austrian Post, said Wednesday it still expects full-year sales to fall 1% to 2% on the year despite higher second-quarter sales boosting the company's core earnings. |
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| Avnet Swings To Fourth-quarter Profit |
| Avnet Inc. on Wednesday said its fourth-quarter net income rose to $141 million, or 92 cents a share, from a net loss of $31 million, or 20 cents a share, in the year-ago period. Adjusted net income was $141 million. Revenue rose 38% to $5.2 billion. |
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| Bharti Airtel Expands Into Seychelles, Even as Profits Dip |
| Indian mobile operator, Bharti Airtel, said on Wednesday that its board had approved its acquisition of Telecom Seychelles in a deal valued at US$62 million, in its bid to increase its presence in Africa. |
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| Cisco profits and revenue rise but still disappoint |
| Cisco Systems fell slightly short of revenue expectations for the fourth quarter of fiscal year 2010, sending its stock price down on Wednesday after the market closed. |
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| CSC Quarterly Profit Climbs 9% |
| Computer Sciences Corp. said Wednesday its fiscal first-quarter profit rose to $143 million, or 91 cents a share, from $131 million, or 85 cents a share, in the year-ago period. Revenues for the information-technology provider edged up to $3.94 billion from $3.9 billion. |
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| Grainger's July Daily Sales Jump 21%, Extending Rebound |
| W.W. Grainger Inc. reported another month of strong sales gains as July's results continued a rebound from prior-year woes. |
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| Lower Production Weakens Iamgold 2Q Earnings |
| Iamgold reported Wednesday weaker-than-expected second-quarter earnings, pushed down primarily by lower gold production in several company-owned mines. |
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| Macy's 2Q Profit Soars Absent 2009 Charges |
| Macy’s posted soaring second-quarter profits on Wednesday that exceeded Wall Street’s expectations, prompting the iconic department store operator to hike its 2010 outlook. |
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| Tencent Quarterly Profit Rises 61% To $283 Million |
| Tencent Holdings , the Chinese Internet portal operator based in Shenzhen, on Wednesday said its second-quarter net profit totaled 1.92 billion yuan ($283.4 million), a rise of 61% from a year-earlier profit of 1.19 billion yuan, helped by strong growth in online users. Revenue was 4.67 billion yuan, a 62% rise from 2.88 billion yuan a year earlier. |
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| August 10, 2010 |
| Alibaba.com Net Up 45% On Subscriber, Services Growth |
| Chinese online business-to-business platform operator Alibaba.com Ltd. (1688.HK) reported Tuesday a bigger-than-expected 45% jump in second-quarter net profit due to strong subscriber growth and rising use of its value-added services. |
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| CareFusion 4Q Profit Down 46%; Job Cuts Planned |
| CareFusion Corp.'s fiscal fourth-quarter earnings fell 46% on a large income-tax provision and prior-year profit from discontinued operations as the maker of hospital drug-delivery systems announced a restructuring effort aimed at saving more than $100 million annually. |
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| Disney Profit Rises 40% On ESPN, Movie Results |
| Walt Disney Co. said Tuesday that its fiscal third-quarter profit rose 40% on improved results at ESPN and strong box-office proceeds from "Toy Story 3," "Iron Man 2" and "Alice In Wonderland," easily surpassing most estimates. |
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| Fidelity Reports $22 Billion In New Defined Contributions In 1st Half |
| Fidelity Investments reported growth in attracting new customers, getting some $22 billion of new defined-contribution commitments from nearly 400,000 participants in the first half of the year. |
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| Heidelberger Druck Expects Operating Profit In 2nd half |
| German print machine and services company Heidelberger Druckmaschinen AG expects to report an operating profit in the second half of fiscal 2011, the company said Tuesday. |
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| Inhibitex reports net loss of $5.6 million for second-quarter 2010 |
| Inhibitex, Inc. today announced its financial results for the second quarter ended June 30, 2010. |
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| JA Solar posts profit, raises sales forecast |
| JA Solar Holdings Co posted a quarterly profit, meeting Wall Street estimates, and raised its full-year sales forecast. |
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| LDK Solar Swings To Second-quarter Profit |
| LDK Solar late Tuesday reported it swung to second-quarter net income of $45 million, or 36 cents per American Depositary share, from a loss of $216.9 million, or $2.03 per ADS, in the same quarter last year. Revenue increased to $565.3 million from $228.3 million a year earlier. Analysts polled by FactSet Research had forecast earnings of 22 cents a share on revenue of $461.8 million |
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| Uncertain future hits Novell's Q3 |
| What a surprise. A company rejects an unsolicited takeover bid and its board of directors announces that the struggling company is looking at all alternatives, including selling itself or breaking itself up. And then sales unexpectedly go south. |
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