Earnings News

National Semi earnings down on tax rate

AP - Fri Sep 5, 9:51 AM ET

SANTA CLARA, Calif., - National Semiconductor Corp., which makes chips that regulate power and perform other functions in gadgets, reported Friday its first-quarter profit fell 7 percent from a year ago due to a higher tax rate.

  • Solar Panel Prices Might Not Decline As Much As Thought Investor's Business Daily - Thu Sep 4, 6:01 PM ET

    In the recent round of earnings reports, a number of solar industry executives said solar panel demand and prices next year might hold up better than expected.

  • SeaChange's 2Q beats Wall Street views by 2c AP - Thu Sep 4, 5:59 PM ET

    WASHINGTON - SeaChange International Inc. reported fiscal 2009 second-quarter results that beat Wall Street's estimates late Thursday.

  • 'Grand Theft Auto IV' video game boxes are displayed on a rack inside a GameStop store in New York prior to the midnight release of the video game April 28, 2008. (Lucas Jackson/Reuters)
    Take Two profits strong on "Grand Theft Auto" lift Reuters - Thu Sep 4, 5:56 PM ET

    SAN FRANCISCO (Reuters) - Video game publisher Take Two Interactive Software made a higher-than-expected quarterly profit on strong "Grand Theft Auto 4" sales, but cut its current-quarter outlook due to the delayed release of a new game.

  • Toll Brothers posts 3Q loss as revenue falls AP - Thu Sep 4, 5:29 PM ET

    LOS ANGELES - Toll Brothers Inc. said Thursday it swung to a loss in its fiscal third quarter as weak demand for new homes forced the luxury builder to mark down the value of its land and unsold homes.

  • A Toll Brothers development in an undated photo courtesy of the company. (Handout/Reuters)
    Hovnanian, Toll Brothers post quarterly losses Reuters - Thu Sep 4, 2:03 PM ET

    NEW YORK (Reuters) - Two large U.S. home builders posted quarterly losses amid the steep U.S. housing decline, but Hovnanian Enterprises Inc's results were far worse than Wall Street expected, while Toll Brothers Inc's loss was half what analysts had anticipated.

  • Boxes of Kellogg's cereal are seen stacked in a supermarket in New York, April 29, 2008. (Lucas Jackson/Reuters)
    Kellogg stands by 2008 earnings forecast Reuters - Thu Sep 4, 10:32 AM ET

    CHICAGO (Reuters) - Kellogg Co on Thursday stood by its earnings forecast for 2008.

  • Ciena outlook weak, warns of order delays Reuters - Thu Sep 4, 8:45 AM ET

    NEW YORK (Reuters) - Communications equipment maker Ciena Corp reported a 59 percent drop in quarterly profit and forecast current quarter revenue that would be far below Wall Street estimates because of order delays, triggering a 20 percent fall in its shares.

  • Hovnanian reports wider 3Q loss AP - Wed Sep 3, 6:09 PM ET

    LOS ANGELES - Hovnanian Enterprises Inc. said Wednesday its fiscal third-quarter loss more than doubled from a year ago as the homebuilder suffered steep declines in new home contracts and hefty markdowns on land values.

  • Corning lowers 3Q earnings, sales outlook AP - Wed Sep 3, 4:47 PM ET

    ROCHESTER, N.Y. - Shares of Corning Inc. tumbled 12.6 percent to a three-year low Wednesday after the company lowered its third-quarter sales and profit guidance to reflect a bigger-than-expected drop in orders for glass used in flat-screen televisions and computers.

  • In thie Nov. 27, 2007 file photo, Shopping baskets are stacked at a Staples store in Los Angeles. Staples said Wednesday, Sept. 3, 2008, its second-quarter profit dropped 16 percent, hurt by slow sales in the U.S. at established stores. (AP Photo/Reed Saxon, file)
    Staples 2Q profit drops 16 percent AP - Wed Sep 3, 4:30 PM ET

    CHICAGO - Slowing sales, falling foot traffic in North American stores and penny-pinching customers combined to drag down Staples Inc.'s second-quarter profit by 16 percent, but a massive acquisition helped the office-supply chain top revenue expectations.

  • Computer accessories displays are seen inside a Staples store in New York, May 20, 2008. (Shannon Stapleton/Reuters)
    Staples profit falls, but sees sales stabilizing Reuters - Wed Sep 3, 11:12 AM ET

    NEW YORK (Reuters) - Staples Inc , the world's largest office products retailer, posted a 16 percent fall in quarterly profit as its small-business customers bought less furniture and office supplies, hurt by the weak U.S. economy.

  • Ethan Allen sees profit below Wall Street views Reuters - Tue Sep 2, 6:37 PM ET

    ATLANTA (Reuters) - Ethan Allen Interiors Inc forecast quarterly profit below current Wall Street views on Tuesday, citing "substantially lower" sales volumes in July and August from a year earlier and its shares fell more than 7 percent in extended trading.

  • A logo of French group GDF Suez, which said Monday its first half net profit and sales rose by double digits, allowing it to confirm its forecasts for the year.(AFP/File/Jean Ayissi)
    GDF Suez reports solid earnings rise AFP - Mon Sep 1, 3:55 AM ET

    PARIS (AFP) - New French energy giant GDF Suez said Monday its first half net profit and sales rose by double digits, allowing it to confirm its forecasts for the year.

  • Boxes containing Dell computers are stacked on an upper shelf of a Best Buy store in Seekonk, Mass., Aug. 16, 2008. Computer maker Dell Inc. says its fiscal second-quarter profit fell 17 percent Thursday, Aug. 28, 2008. Restructuring charges were partly to blame. (AP Photo/Stew Milne)
    Dell 2Q profit drops 17 percent and stock plunges AP - Fri Aug 29, 8:21 AM ET

    Slashing computer prices helped Dell Inc. boost sales in its fiscal second quarter, but the No. 2 PC maker's bottom line took a hit when efforts to cut costs failed to make up the difference.

  • A Dell laptop computer is seen in New York, August 26, 2008. (Brendan McDermid/Reuters)
    Dell profits disappoint as tech spending weakens Reuters - Thu Aug 28, 7:16 PM ET

    SAN FRANCISCO (Reuters) - Dell Inc posted a surprisingly steep drop in quarterly earnings on Thursday and said companies around the world are cutting back on technology spending, sending its shares tumbling 10 percent and sparking fears of weakness in the whole tech sector.

  • The Sears store at the CambridgeSide Galleria mall in Cambridge, Mass., is seen, Wednesday, Aug. 27, 2008. Sears Holdings Corp. reported a 62 percent drop in second-quarter profit Thursday, as the retailer continues to struggle to attract customers to its stores despite a high-stakes restructuring. (AP Photo/Michael Dwyer)
    Sears' 2Q profit drops 62 percent AP - Thu Aug 28, 4:37 PM ET

    CHICAGO - Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere.

  • In this May 30, 2008 file photo, a customer holds up gift he purchased at Tiffany & Co. in San Francisco. Jewelry retailer Tiffany said Thursday, Aug. 28, 2008, second-quarter profit doubled, beating Wall Street expectations as sales rose by double-digit percentages in Asia and Europe. (AP Photo/Paul Sakuma)
    Jewelers look abroad to boost sales as US slows AP - Thu Aug 28, 4:35 PM ET

    NEW YORK - Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signaling that strong international demand for jewelry is helping offset U.S. economic weakness.

  • The Sears logo is pictured on the outside wall at Fair Oaks Mall, in Northern Virginia, May 29, 2008. (Larry Downing/Reuters)
    Sears Holdings earnings at a glance AP - Thu Aug 28, 4:18 PM ET

    A look at how retailer Sears Holdings Corp. performed during the second quarter.

  • Marvell profit beats street on revenue rise Reuters - Thu Aug 28, 4:41 PM ET

    SAN FRANCISCO (Reuters) - Diversified U.S. chipmaker Marvell Technology Group Ltd posted better-than-expected profit on Thursday as revenues grew strongly in the second quarter.

  • Jewelers offer sparkling outlooks AP - Thu Aug 28, 3:48 PM ET

    Positive outlooks from jewelry retailers suggest confidence in the coming months, despite a softening U.S. economy that has many Americans holding back on discretionary spending.

  • Pints of Guinness, one of Diageo's leading brands. Diageo, the world's biggest maker of alcoholic drinks, said that net profit nudged higher in 2007-08, but forecast slowing growth this year because of tough trading conditions.(AFP/File/Leon Neal)
    Diageo full-year profits up, but outlook weaker AP - Thu Aug 28, 1:36 PM ET

    LONDON - Diageo PLC, the world's largest producer and distributor of alcoholic drinks, said it is pushing ahead with its focus on premium sales as it posted a small rise in full-year net profit on Thursday and cut its earnings forecasts for the current year.

  • In this May 19, 2008 file photo, a villager walks past a billboard for China Telecom, near Xiushui, in China's southwest Sichuan province. China Telecom Ltd. said Thursday, Aug. 28, 2008, that its first-half earnings slipped 8 percent as revenues for fixed-line voice service shrank and warned it faces pressure on profits as Beijing carries out a planned restructuring of its telecoms industry. (AP Photo/Greg Baker, File)
    China Telecom says profit slips 8 percent AP - Thu Aug 28, 10:10 AM ET

    BEIJING - China Telecom Ltd. said Thursday its first-half earnings slipped 8 percent as revenues for fixed-line voice service shrank and warned it faces pressure on profits as Beijing carries out a planned restructuring of its telecoms industry.

  • Sears Holdings profit falls short, forecast cut Reuters - Thu Aug 28, 9:44 AM ET

    ATLANTA (Reuters) - Sears Holdings Corp posted a quarterly profit that fell far short of Wall Street expectations and cut its full-year earnings forecast as consumers scaled back shopping in a weak U.S. economy.

  • A screen shows Internet services available through an broadband-connected TiVo digital video recorder at the Consumer Electronics Show in Las Vegas, Nevada January 5, 2006. REUTERS/Steve Marcus
    TiVo shows another profit, but outlook weak AP - Thu Aug 28, 9:26 AM ET

    NEW YORK - TiVo Inc. managed consecutive quarters of profitability for the first time ever despite eroding subscriptions, demonstrating that the pioneer in digital video recorders is on track in reducing marketing expenses and subsidies.

  • Tiffany and Co. salesman Peter Englehart displays a 72.86 karat emerald-cut Aquamarine broach selling for $100,000 as he stands behind a glass wall during the grand opening of the newest Tiffany and Co. store on Wall Street in New York City October 10, 2007. (Mike Segar/Reuters)
    Tiffany, Zale confident on holidays; shares jump Reuters - Thu Aug 28, 2:57 PM ET

    NEW YORK (Reuters) - U.S. jewelers are confident they will prevail this holiday shopping season, betting that upscale and middle-income customers won't resist buying baubles despite a weak economy.

  • Tiffany doubles 2Q profit on strong sales overseas AP - Thu Aug 28, 7:33 AM ET

    NEW YORK - Jewelry retailer Tiffany says second-quarter profit doubled, beating Wall Street expectations as sales rose by double-digit percentages in Asia and Europe.

  • Tiffany and Co. salesman Peter Englehart displays a yellow emerald-cut diamond necklace selling for $1.2 million in their newest Tiffany and Co. store on Wall Street in New York City October 10, 2007. (Mike Segar/Reuters)
    Tiffany posts higher profit Reuters - Thu Aug 28, 7:18 AM ET

    NEW YORK (Reuters) - U.S. jeweler Tiffany & Co posted a higher quarterly profit on Thursday, benefiting from strong international sales and solid tourist spending at its New York flagship store.

  • A man walks past the entrance of the Credit Agricole Bank building in Geneva August 5, 2008. (Denis Balibouse/Reuters)
    Agricole, Natixis earnings plunge on market turmoil Reuters - Thu Aug 28, 5:13 AM ET

    PARIS (Reuters) - French banks showed the scars of the financial crisis on Thursday, with heavy asset writedowns stripping Credit Agricole of all but a sliver of profit and plunging Natixis to a billion euro loss.