Company Earnings - Page 15

Reuters - Bombardier Inc. (BBDb.TO) reported a 30 percent higher quarterly profit on Wednesday as a robust business jet market offset weaker regional aircraft sales and its rail-making unit rebounded with record revenues.

Earnings News

AP - One by one, some of the nation's largest homebuilders have seen quarterly earnings get crushed by the slump in the housing market.

AP - One by one, some of the nation's largest homebuilders have seen quarterly earnings get crushed by the slump in the housing market.

Reuters - Lennar Corp. , the No. 3 U.S. home builder, posted a 73.4 percent plunge in profit on Tuesday and withdrew its earnings forecast, saying the industry's spring selling season has failed to bloom and its outlook for the rest of 2007 does not look bright.

Reuters - Top U.S. video game retailer GameStop Corp. on Tuesday reported a quarterly profit and a full-year earnings forecast that topped Wall Street targets, sending shares up as much as 12 percent. More Info...  

Reuters - Spice seller McCormick & Co. Inc. said on Tuesday that quarterly profit more than tripled, as a restructuring program yielded cost savings and sales increased overall. More Info...  

Earnings News

AP - Robust prescription drug sales helped drugstore chain Walgreen Co. earnings increase nearly 25 percent in the second quarter, company officials said Monday.

AP - Robust prescription drug sales helped drugstore chain Walgreen Co. earnings increase nearly 25 percent in the second quarter, company officials said Monday.

AP - Upscale jewelry retailer Tiffany & Co. on Monday said fourth-quarter net income was nearly flat, weighed by an impairment charge, flat sales in Japan and higher cost of metals. More Info...  

Reuters - Walgreen Co. , one of the largest U.S. drugstore chains, posted a better-than-expected 25 percent increase in quarterly profit on Monday, boosted by strong holiday sales and continued growth in prescription drugs. More Info...  

AP - Stocks closed mostly higher Friday, sending the Dow Jones industrials' to their best week in four years after a surprise jump in home sales eased concern that frailty in the housing market will hurt economic growth.

Earnings News

AP - Rising foreclosures slightly dented the quality of Freddie Mac's holdings last year, the mortgage finance giant said Friday as it reported a slight increase in profit to $2.2 billion. Freddie Mac's chief executive foresees some degree of economic contagion in the future from the turmoil in the high-risk mortgage market.

AP - Rising foreclosures slightly dented the quality of Freddie Mac's holdings last year, the mortgage finance giant said Friday as it reported a slight increase in profit to $2.2 billion. Freddie Mac's chief executive foresees some degree of economic contagion in the future from the turmoil in the high-risk mortgage market.

AP - Nike Inc. won't say where, how or when — but it wants to change the way consumers shop. "Consumers want a more compelling and relevant experience wherever and whenever they shop," Nike President and Chief Executive Mark Parker said Thursday as the company released its third-quarter results and said it had a soft year with some specialty mall retailers.

Earnings News

AP - Wall Street finished mixed Thursday, nudging the Dow Jones industrials higher for a fourth straight session but moving cautiously as investors awaited new data to assess whether their hopes for an interest rate cut are justified. A surprise warning that cell phone maker Motorola Inc. will post a loss for the first quarter also made the market uneasy as it looked ahead to earnings reports that begin next month.

AP - Palm Inc. reported a 61 percent drop in its third-quarter profits Thursday as speculation of a buyout continued to swirl. Sales of the company's Treo smart phones reached record levels, but increased costs, $5.7 million in stock-based compensation, and $3.7 million in acquisition-related charges hurt Palm's bottom line.

Reuters - Palm Inc. , the current subject of takeover speculation and maker of the Treo smartphone, on Thursday posted a lower quarterly profit as costs rose and it booked charges.

AP - KB Home, one of the nation's largest homebuilders, said Thursday that first-quarter profit plunged as the company felt pressure from a slowing housing market and rising defaults of subprime mortgages.

Reuters - KB Home , the No. 5 U.S. home builder, said on Thursday net profit fell 84 percent and warned that higher foreclosures and tighter lending standards in the broader market could prolong weakness in the sector. More Info...  

AP - Book retailer Borders Group Inc. announced a fourth-quarter loss on Thursday as it disclosed plans to close nearly half of its Waldenbooks stores and the possible sale of most of its international businesses as part of a restructuring plan.