3:48 AM ET May 11 2008
Cisco Systems, Inc first quarter sales rose 8% to $10.3 billion and net income fell 0.2% to $2.2 billion or 37 cents a share. Cogent, Inc third quarter revenues rose 56% to $35 million and net income rose 197% to $12 million or 13 cents a share.
12:53 PM EDT May 29 2008
The discount retailers Costco, Freds and Big Lots benefited in the latest quarter as consumer look for discounts. Sears swung to a quarterly loss after same store sales declined. Costco sales rose 13% to $16.26 billion and net income increased 32% to $295 million. Earnings per share rose to 67 cents. Big Lots sales rose 2.1% to $1.15 billion and earnings increased 16% to $34.5 million or 42 cents per share.
11:40 AM EDT May 29 2008
The Mens Wearhouse revenue in the first quarter slipped 1% to $491 million and net income fell 76% to $9.9 million or 75 cents per share. Fabirc and craft retailer revenue in the first quarter rose 5% $446.1 million and net income rose to $3 million or 12 cents per share. In additon, Coldwater Creek first quarter revenue fell 4% to $271 million and loss of $9.2 million or 10 cents per share.
1:31 PM EDT May 28 2008
Chicos, apparel retailer reported first quarter sales declined 9.6% to $409.6 million and net income of fell 73% to $12.7 million. Earnings per share in the quarter fell to 7 cents compared to 27 cents in the quarter a yeara go. Same store sales in the quarter fell 17.5% across all stores and at Chicos fell 22%. In the quarter the company opened 23 net new stores and plans to open between 17 and 19 net additonal stores in the second quarter.
1:09 PM EDT May 28 2008
American Eagle reported first quarter sales rise of 5% to $640 million but earnings declined to $43.9 million or 21 cents per share. Comparable sales in the quarter fell 6% from a year ago when they by the same amount. In fiscal 2008, the company plans to open approximately 40 AE stores, 80 aerie stores and 11 MARTIN + OSA stores and remodel 40 to 50 AE stores.
4:33 PM EDT May 28 2008
Apparel retailers American Eagle Outfitters, Polo Ralph Lauren and Chicos rose after the earnings release. American Eagle first quarter sales increased 5% to $640.3 million and net income decreased to 40% to $43.90. Chicos revenue first quarter decreased 9.6% to $409.60 and net income fell 73% to $12.70 million or 7 cents per share. Polo Ralph Lauren fourth quarter revenue increased 20% to $1.24 billion and net income in the quarter rose to 47% to $104 million and to $1.00 per share.
11:31 AM EDT May 28 2008
Daktronics, the electronic bill board maker surged 13% after it reported 62% rise in fiscal fourth quarter eanings. Sales in the fourth quarter 2008 roe 16.5% to $129 million and earnings increased 62% to $5.71 million. Backlog at the end of the quarter rose to a record $175 million. In the fiscal 2008, sales rose 15% to $500 million and earnings rose 8% to $26.21 million or 63 cents per share.
4:24 PM EDT May 22 2008
The drug retailer Longs Drug Stores revenues in the first quarter rose 8.5% to $1.41 billion and earnings increased 77% to $23.5 million. Earnings per share rose 65 cents from 34 cents a year ago. Same store sales at retail drug stores rose 1% and total sales increased 2.9%. Apparel retailer Limited Brands first quarter sales declined 17% to $1.9 billion and earnings increased 49% to $97.8 million or 28 cents per share. The quarter included one-time gain of 18 cents per share.
11:54 AM EDT May 22 2008
U.S. stocks edged higher on the weekly unemployment report. The fall in claims at the end of the last week, lower than expected lifted market averages. Ford Motor cut its production target for the next two quarters by 20% and said that it may only break-even in the year 2009. Earlier it had estimated a return to profitability by the year. UBS offered rights at 31% discount from its closing price on yesterday.
10:46 AM EDT May 20 2008
Dry bulk ocean freight carriers DryShips and Excel Maritime report a surge in revenue and earnings on rising day rates, enhanced fleet mix and improved utilization helped the carriers to improve earnings. DryShips is expected to take a delivery of three recently built ships in the second quarter and a new ship by the end of the year. Excel Maritime, with the recent acquisition of Quintara is expected to boost its fleet size to 47 with carrying capacity of 3.7 dwt.