Company Earnings - Page 21

AFP - The price of Aviva shares plunged on Thursday as investors seized on news of disappointing annual pre-tax profits and amid a broader stock market dive.

Reuters - Sears Holdings Corp. reported higher fourth-quarter profit on Thursday, helped by property sales and higher operating income at its Sears and Kmart divisions.

Reuters - Mortgage insurer and business information provider First American Corp. on Thursday posted lower quarterly earnings. More Info...  

FT.com - London equities started to recover on Thursday as investors looked for bargains after two days of selling. Strong earnings news from Reuters and British American Tobacco also helped lift the gloom. More Info...  

Earnings News

AP - Limited Brands Inc. said on Wednesday that its earnings fell 15 percent in its fourth quarter, despite strong sales at Victoria's Secret and Bath & Body Works. The company also reduced its sales estimates at established stores for February.

AP - Limited Brands Inc. said on Wednesday that its earnings fell 15 percent in its fourth quarter, despite strong sales at Victoria's Secret and Bath & Body Works. The company also reduced its sales estimates at established stores for February.

AP - The Home Depot Inc., the world's largest home improvement store chain, said Wednesday it will pump $2.2 billion into improving its business this year even as it expects lower earnings and slim sales growth, partly because of a continued slump in the housing sector. The Atlanta-based company announced its priorities and outlook just before convening its annual investor conference.

Reuters - U.S. drugmaker Wyeth said on Wednesday it was maintaining its profit forecast for 2007, but added that first-quarter earnings would exceed current Wall Street average estimates of 85 cents per share. More Info...  

AP - Martha Stewart Living Omnimedia Inc.'s profit shot up more than fivefold in the fourth quarter from a year ago amid a resurgence across its businesses which range from magazines and TV shows to home fashions.

AP - Sprint Nextel Corp., the nation's third largest wireless carrier, said Wednesday that fourth-quarter profits rose 33 percent on stronger revenue, but the company continued to lose high-quality subscribers.

Reuters - Sprint Nextel Corp. posted a higher quarterly profit on Wednesday and its shares rose 6 percent after the company reassured investors by repeating its forecast for a turnaround in subscriber losses.

Reuters - Drugmaker Merck & Co. Inc. boosted its 2007 earnings forecast on Wednesday, citing better-than-expected sales of multiple products, including its cancer vaccine Gardasil and diabetes drug Januvia. More Info...  

Reuters - Dollar Tree Stores Inc. reported higher quarterly profit on Wednesday, inching past Wall Street estimates, helped by strong demand for a variety of holiday items. More Info...  

Reuters - Washington Post Co. said on Wednesday its fourth-quarter profit fell 7 percent, dragged down by charges and a profit decline at its newspaper division. More Info...  

Reuters - Power company Edison International said on Wednesday its quarterly earnings rose, helped by higher revenue from its utility arm and higher income from its Edison Capital unit. More Info...  

BusinessWeek Online - When RadioShack in October announced a money-losing third quarter, its new CEO Julian Day insisted that the consumer electronics retailer had already taken crucial steps to turn itself around. Now, after cutting costs and pushing to sell faster-moving products like MP3 players, the Fort Worth (Tex.) company said on Feb. 27 that it posted a profit during the fourth quarter. More Info...  

Reuters - Apparel retailer Liz Claiborne Inc. posted lower quarterly profit on Wednesday after charges for restructuring. More Info...  

AP - For TXU Corp., higher fourth-quarter profits were eclipsed Tuesday by political wrangling over the pending sale of the company in what would be the largest private buyout ever.

Earnings News

AP - For TXU Corp., higher fourth-quarter profits were eclipsed Tuesday by political wrangling over the pending sale of the company in what would be the largest private buyout ever.

AP - Federated Department Stores Inc. reported strong fourth-quarter profits Tuesday and said it will change its name to Macy's Group Inc. But the department store operator — still struggling to integrate former May Department Stores Co. stores — offered a profit forecast well below Wall Street expectations.