Company Earnings - Page 19

AP - BJ's Wholesale Club Inc. on Wednesday reported its fourth-quarter profit plunged 77 percent, and the newly named CEO of the nation's third-biggest retail warehouse club said his plans to revamp merchandise and pricing will yield improvements later this year.

Reuters - American Eagle Outfitters Inc. posted quarterly profit that met expectations but its outlook failed to impress investors, who sent the shares down more than 3 percent. More Info...  

AP - Saks Inc., parent of the tony Saks Fifth Avenue department store chain, on Wednesday posted a fourth-quarter profit, reversing a year-ago loss, as sales climbed 17 percent on improved customer traffic. More Info...  

Reuters - Talbots Inc. said on Wednesday that quarterly net profit tumbled, hurt by heavy markdowns and declining sales at its flagship Talbots chain, sending its shares down nearly 15 percent in early electronic trading.

Reuters - Sony Corp. (6758.T) and Pioneer Corp. (6773.T) said on Wednesday they would delay their annual earnings reports by a few weeks due to extra paperwork needed to comply with tougher U.S. accounting rules, joining other U.S.-traded Japanese companies such as Hitachi Ltd. (6501.T).

Reuters - Cathay Pacific Airways Ltd. (0293.HK), Asia's third-largest carrier, posted a better-than-expected 49 percent rise in second-half earnings as passenger revenue rose and said it would increase fuel hedging to combat oil price volatility in 2007. More Info...  

AFP - Adidas, the world's number two supplier of sportswear and equipment, said Wednesday that it had met all its targets for 2006, but expected earnings growth to slow this year because of difficulties at US unit Reebok.

Reuters - China Merchants Bank (3968.HK) (600036.SS), the country's biggest non-state lender, posted a more than 50 percent rise in its 2006 net profit, according to a copy of a speech by its chief executive Ma Weihua. More Info...  

Earnings News AP - Brown-Forman Corp., whose brands include Jack Daniel's Tennessee Whiskey, Southern Comfort and Finlandia vodka, reported a 13 percent drop Tuesday in third-quarter profit from results a year ago that got a lift from onetime gains. More Info...  

AP - Brown-Forman Corp., whose brands include Jack Daniel's Tennessee Whiskey, Southern Comfort and Finlandia vodka, reported a 13 percent drop Tuesday in third-quarter profit from results a year ago that got a lift from onetime gains. More Info...  

AP - Allied Irish Banks PLC, Ireland's largest company, said Tuesday its full-year 2006 profit surged on strong gains in loans, deposits and investment activity across all its units. More Info...  

AP - BlackBerry maker Research In Motion Ltd.'s co-chief executive will give up the chairman's post after an internal probe identified a quarter-billion dollars in improper accounting for employee stock options at the mobile device company.

Earnings News BusinessWeek Online - Investors bought shares in American International Group on Mar. 2, after the New York insurance giant said its quarterly profit surged, announced a share buyback for 2007, and increased its dividend. More Info...  

BusinessWeek Online - Investors bought shares in American International Group on Mar. 2, after the New York insurance giant said its quarterly profit surged, announced a share buyback for 2007, and increased its dividend. More Info...  

TechWeb - The maker of the BlackBerry mobile device also said that co-chief executive Jim Balsillie had voluntarily stepped down as chairman of the board, but would retain his CEO job with co-CEO Michael Lazaridis. More Info...  

AP - HSBC Holdings PLC, Europe's largest bank by market value, reported Monday that profit rose 5 percent in 2006 despite losses in its mortgage operation in the United States that led to the removal of two senior executives.

Reuters - HSBC Holdings on Monday said its 2006 profits rose 5 percent, just short of analysts' expectations, as Europe's biggest bank took a $10.6 billion hit for bad debts after problems in its U.S. mortgage lending. More Info...  

FT.com - Rising panic over the potential unwinding of the yen "carry trade" and the dollar's sharp plunge against the Japanese currency provoked heavy sell-offs on Monday on Tokyo dealing floors. More Info...  

Earnings News

Reuters - Shares of Gap Inc. fell as much as 4.9 percent on Friday, a day after the apparel company reported a lower quarterly profit and said 2007 would be a transition year with earnings well short of Wall Street expectations.

Reuters - Shares of Gap Inc. fell as much as 4.9 percent on Friday, a day after the apparel company reported a lower quarterly profit and said 2007 would be a transition year with earnings well short of Wall Street expectations.