News on Earnings and Losses

Vimpel Communications posts 4Q profit

2010-03-18T15:00:47Z

<div id="subtitle">Vimpel Communications posts 4th-quarter profit, reversing loss</div><div><p>Russian telecommunications company Vimpel Communications posted a fourth-quarter net profit Thursday, reversing a year-ago loss as it added new mobile and broadband subscribers.</p><p>The company earned $283 million, or 27 cents per American Depositary share, up from a loss of $16.1 million, or 81 cents per AD...

Barnes & Noble, GameStop, Winnebago are big movers

2010-03-18T14:30:13Z

<div id="subtitle">Barnes & Noble, GameStop, Winnebago, Delta Petroleum among big market movers Thursday</div><div><p>Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and TriQuint Semiconductor hikes forecast for 1st-quarter earnings</div><div><p>TriQuint Semiconductor Inc., which provides chips for mobile gadgets such as Apple's iPhone, hiked its profit forecast for the quarter on Thursday, a sign that demand is improving.</p><p>The news pushed TriQuint shar...

GameStop shares jump on 4Q profit and '10 forecast

2010-03-18T12:30:50Z

<div id="subtitle">GameStop's 4th-quarter results and 2010 forecast top expectations; shares rise</div><div><p>GameStop's fourth-quarter results and 2010 forecast topped Wall Street expectations Thursday and company shares jumped more than 6 percent on its outlook for the year.</p><p>Consumers still don't seem to be shopping like they u...

FedEx profit more than doubles, tops expectations

2010-03-18T11:01:27Z

<div><p>NEW YORK (Reuters) - FedEx Corp <FDX.N> raised its fiscal-year outlook on Thursday after quarterly profit more than doubled, with strong Asian export volumes more than compensating for flat U.S. demand.</p><p>Although the pa...

Correction: Movado earnings story

2010-03-18T10:30:53Z

<div id="subtitle">Correction: Movado earnings story</div><div><p>In a story March 16 about quarterly results from Movado Group Inc., The Associated Press reported erroneously that the company posted net income of 64 cents per share in its fiscal 2009. Instead, the company earned 9 cents a share.</p><img src="http://admatch-syn...

Casual Male Retail Group reports 4Q profit

2010-03-18T09:45:43Z

<div id="subtitle">Casual Male Retail Group reports 4th-quarter profit as cost-cutting offsets sales decline</div><div><p>Men's clothing seller Casual Male Retail Group Inc. on Thursday reported earning a profit in the fourth quarter as it cut costs to compensate for sales being weak.</p><p>Casual Male's profit for the three months that ended Jan. 30 was $3.6 million, or ...

Ross Stores 4Q profit rises on sales gain

2010-03-18T08:16:04Z

<div id="subtitle">Ross Stores 4tg-qtr profit up 47 percent on sales gains as shoppers keep looking for bargains</div><div><p>Ross Stores Inc. said Thursday that its fourth-quarter profit rose nearly 47 percent on a gain in sales of staples like shoes and home items as shoppers kept looking for bargains in the recession.</p><p>The discount retail chain said it earned $142.9 million, or $1.16 per s...

Ahead of the Bell: LSI upgraded at Kaufman

2010-03-18T05:45:53Z

<div id="subtitle">LSI poised for a strong 2010, analyst says, upgrading stock on PC, server and network demand</div><div><p>Chip maker LSI Corp. is poised for a series of strong quarters on healthy demand for personal computers, servers and network equipment, according to one analyst.</p><p>Suji De Silva, of Kaufman Bros., upgraded LSI...

KongZhong shares rise on strong report

2010-03-18T00:45:24Z

<div id="subtitle">KongZhong shares rise on quarterly profit jump and strong first-quarter revenue outlook</div><div><p>Shares of KongZhong Corp. jumped on Wednesday after the Chinese wireless entertainment company reported sharply higher fourth-quarter profit and revenue.</p><p>The company also gave a strong first-quarter revenue outlook.</p><p>U.S.-listed shares of KongZhon...

Guess 4Q profit up 80 percent, sales improve

2010-03-17T14:45:20Z

<div id="subtitle">Guess 4th-quarter profit climbs 80 percent, sales improve to handily beat Street estimates</div><div><p>Guess Inc. said on Wednesday that its fiscal fourth-quarter profit rose more than 80 percent on sales increases throughout the apparel maker's business segments.</p><p>In the three months ending Jan. 30, the company earned $86.6 million, or 93 cents per share, compared with earnings o...

WellPoint: enrollment, income to fall in 2010

2010-03-17T07:00:13Z

<div id="subtitle">WellPoint says net income will fall in 2010 as economy pressures enrollment</div><div><p>Health insurer WellPoint says it expects net income to fall as much as 11 percent this year as enrollment falls by about 400,000 patients.</p><p>The Indianapolis-based company affirmed its previous guidance of at least $6 per share in net income. Analysts polled by Metro AG said Wednesday its 2009 net income fell 7 percent to euro519 million ($716 million) as the economic downturn cut into sales at most divisions, including its Kaufhof department stores and Cash & Carry wholesale outlets.</p><p>Metro, Germa...

Focus Media posts narrower 4Q loss

2010-03-16T15:45:15Z

<div id="subtitle">Focus Media posts narrower 4Q loss as one-time accounting charges fall</div><div><p>China's Focus Media Holding Ltd. said Tuesday that a drop in one-time expenses helped narrow its fourth-quarter loss.</p><p>The company, which runs advertising networks, posted a net loss of $52.5 million, or 39 cents per share, for the qu...

Movado to post 4Q loss, industry woes continue

2010-03-15T14:32:15Z

<div id="subtitle">Movado to post 4Q loss as jewelry industry continues to hurt</div><div><p>Luxury watch maker Movado Group Inc. on Monday said it expects to report a fourth-quarter loss, hurt by several charges in the quarter related to the downturn in the jewelry industry.</p><p>The announcement after the market closed sent shares falling in after-hours trading. Shares fell $1.29, or 9 percen...

Toreador 4Q loss narrows as oil prices rebound

2010-03-15T10:46:21Z

<div id="subtitle">Toreador 4Q loss narrows as oil prices rise, offsetting production decline</div><div><p>French energy company Toreador Resources Corp. said Monday that its fourth-quarter loss narrowed to $5 million as rising oil prices partially offset falling production.</p><p>Toreador said the average price of oil rose 34 percent in its fiscal fourth quarter, helpi...

Analyst lifts rating for Aeropostale

2010-03-12T10:00:19Z

<div id="subtitle">Aeropostale climbs on strong 4Q results, 2010 profit outlook; analyst raises rating</div><div><p>Shares of Aeropostale Inc. climbed 5.3 percent Friday, sparked by a strong fourth-quarter performance and a better-than-expected 2010 profit guidance.</p><p>Late Thursday the clothing retailer reported earnings of 99 cents per share on sales of $801.2 million. This topped the expecta...

Pall trims fiscal year 2010 forecast

2010-03-11T16:45:13Z

<div id="subtitle">Pall cuts fiscal 2010 forecast on smaller foreign exchange benefit, slower industrial recovery</div><div><p>Filtration and purification products maker Pall Corp. on Thursday scaled back its fiscal year 2010 forecast, saying it had initially forecast a stronger recovery from its industrial clients.</p><p>Shares fell $1.75, or 4.3 percent, to $39.09 in after-hours trading.</p&g...

Discover Financial expects to report 1st-qtr loss

2010-03-11T16:16:19Z

<div id="subtitle">Discover Financial expects to report a first-quarter loss due to soured loans</div><div><p>Discover Financial Services on Thursday said it expects to post a loss for its fiscal first quarter after setting aside more funds to cover soured loans.</p><p>The credit-card company expects a first-quarter loss of 22 cents per share to 23 cents per share. An...

Pall fiscal 2Q profit falls short of expectations

2010-03-11T16:01:31Z

<div id="subtitle">Pall posts rise in 2nd-qtr results but falls short of Wall Street's profit and sales estimates</div><div><p>Pall Corp. on Thursday posted a 28 percent rise in its fiscal second-quarter profit, but still fell short of Wall Street estimates.</p><p>Shares of the company, which makes filtration products, fell $1.75, or 4.3 percen...