Company Earnings - Page 14

AP - Wall Street caught its breath Wednesday after the previous session's big advance, rising only slightly amid lackluster economic data and a slight drop in oil prices. Bond prices rose following the economic reports.

Reuters - Top U.S. memory chip maker Micron Technology Inc. posted a quarterly loss on Wednesday due to falling prices but forecast strong demand for the rest of the year, and its shares rose 4 percent.

AP - Monsanto Co., the world's largest seed company, said Wednesday a booming market for corn-based ethanol has fueled its corn seed sales and boosted profits by 23 percent in the second-quarter. The company's shares soared nearly 6 percent. More Info...  

Reuters - Best Buy Co. said on Wednesday that strong flat-panel TV sales helped quarterly profit top expectations, while smaller rival Circuit City Stores Inc. posted a loss after taking charges to close stores.

AFP - Glitzy American-style casinos, cheap shopping and family entertainment are pulling millions of Chinese tourists to Macau, making it the world's biggest gaming draw -- bigger even than the legendary Las Vegas Strip.

AP - Electronics retailer Circuit City Stores Inc. said Wednesday it lost $12.2 million in the fourth quarter, hurt by charges related to store closings and slower sales growth related to falling flat-panel television prices and uneven demand for computer hardware. More Info...  

Reuters - Monsanto Co. posted a higher-than-expected second-quarter profit on Wednesday, driven by record revenues that included strong sales of its genetically modified corn and other seeds.

Reuters - Best Buy Co. reported an 18.5 percent rise in fourth-quarter profit on Wednesday, helped by sales of flat-panel televisions.

AP - Best Buy Co. Inc.'s fourth-quarter earnings rose 18.5 percent as it benefited from a combination of strong television sales, installation services, and a quarter that was a week longer than last year.

Earnings News Reuters - Del Monte Foods Co. said on Monday that an arbitration ruling is expected to negatively impact fiscal 2007 earnings per share from continuing operations by about 2 cents. More Info...  

Reuters - Del Monte Foods Co. said on Monday that an arbitration ruling is expected to negatively impact fiscal 2007 earnings per share from continuing operations by about 2 cents. More Info...  

FT.com - Wall Street was mixed in mid-afternoon trade on Monday, as a flurry of deal activity was offset by concerns about the economy ahead of the first-quarter earnings season this month. More Info...  

AP - China Netcom Corp., China's second-biggest phone company, said Monday its 2006 profits dropped 6.7 percent amid falling subscriber numbers as potential customers opted for mobile service. More Info...  

Earnings News BusinessWeek Online - CarMax managed to grow its profits during recent months, but disappointed investors sold the used car retailer s stock on Mar. 29 nonetheless. More Info...  

BusinessWeek Online - CarMax managed to grow its profits during recent months, but disappointed investors sold the used car retailer s stock on Mar. 29 nonetheless. More Info...  

Earnings News

Reuters - CarMax Inc. , the largest retailer of used cars in the United States, posted a 15 percent rise in quarterly earnings on Thursday, but missed estimates, sending shares lower by 8 percent.

Reuters - CarMax Inc. , the largest retailer of used cars in the United States, posted a 15 percent rise in quarterly earnings on Thursday, but missed estimates, sending shares lower by 8 percent.

Reuters - Discount retailer Family Dollar Stores Inc. posted higher quarterly profit on Thursday, helped by a 12 percent rise in sales, and year-ago results that were hurt by a charge. More Info...  

FT.com - London equities started higher on Thursday, shrugging off a weak performance on Wall Street overnight, as Alliance Boots was boosted by bid rumours and DSG International was shaken by news of fraudulent activity. More Info...  

Earnings News

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.