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InsWeb Records First-Quarter Net Earnings
Apr 17, 12:42 PM EDT |
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| Westamerica and M&T Bank report a decline in their quarterly profits, while Charles Schwab posts a quarterly profit increase. |
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| Westamerica posted a 9.8% profit decline and return on average equity of 23%. InsWeb swung to a first-quarter profit of 9 cents per share, versus year-ago loss. Charles Schwab posted its eighth consecutive quarter of double-digit earnings growth as an influx of customer deposits during the first three months of the year helped the discount broker shake off turbulent market conditions. M&T Bank earnings fell 13% as lower mortgage banking revenues led to a sharp drop in noninterest income. |
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General Electric Posts a 2% Earnings Increase
Apr 13, 2:53 PM EDT |
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| Escalade records a decline in its first-quarter earnings, while FCStone Group second-quarter profit surges. |
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| Escalade reported more than a 35% decline in its first-quarter earnings, hurt by higher costs and lower income from European joint ventures. FCStone Group second-quarter profit surged 77% on increased revenue. General Electric posted first-quarter earnings of $4.5 billion Friday, up 2% from the same period in 2006, helped by rising infrastructure sales. |
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Nitches Swings to a Loss
Apr 12, 1:18 PM EDT |
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| VimpelCom enjoys a 30% net income increase, while Rite Aid declines its fourth-quarter net income. |
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| VimpelCom announced fourth-quarter earnings below market expectations on after the company took a charge related to a tax dispute. Rite Aid reported a small fourth-quarter profit that missed expectations, and said it has agreed to divest two dozen stores in a deal for 1,850 Brooks and Eckerd stores that it expects to close in May. Nitches swung to a quarterly loss, compared with a profit in a year-ago period. |
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Alcoa Gains 9% Beating Expectations
Apr 11, 1:22 PM EDT |
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| Alcoa net income climbs 9%, while Mitcham Industries fourth-quarter net earnings decline. |
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| Mitcham Industries fourth-quarter profit plunged, as the costs of a product design problem and other expenses outweighed sales growth. Alcoa Inc.''s first-quarter profits nearly 9%, as the aluminum maker kicked off earnings season and gave Wall Street its first taste of how companies have fared so far this year. |
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Constellation Brands Profit Ups 26%.
Apr 06, 1:32 PM EDT |
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| WD-40 and Team enjoy higher quarterly profit. |
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| Constellation Brands fourth-quarter profit grew 26%, as strong wine sales helped offset heightened competition in Britain and a drop in sales of imported beer. WD-40 second-quarter profit grew 24%, mainly from strong sales of its lubricants. Team third-quarter profit rose slightly on strong sales. |
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Matrix Service Third-Quarter Profit More than Triples
Apr 05, 12:43 PM EDT |
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| Delia's and Constellation Brands profit jump, while United Retail Group quarterly profit declines. |
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| Delia''s fourth-quarter profit jumped 45% on surging sales and lower operating expenses. Constellation Brands fourth-quarter profit grew 26%, as strong wine sales helped offset heightened competition in Britain and a drop in sales of imported beer. Matrix Service third-quarter profit more than tripled on higher revenue and improved gross margin. United Retail Group fourth-quarter profit plunged 78%, compared with the year-ago quarter which benefited from a hefty one-time gain. |
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Circuit Posts a Loss versus Last-Year Profit
Apr 04, 12:54 PM EDT |
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| Best Buy reports an impressive 18.5% jump in its fourth-quarter profit, while Monster Worldwide expects first-quarter sales below its prior outlook. |
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| Circuit 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. Monster still expects 2007 results to meet its earlier forecast. Best Buy reported a 18.5% jump in its quarterly profit on better-than-expected sales of flat-panel television sets, gaming and notebook computers. The Greenbrier swung to a loss on weak demand for some of its products. |
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Grill Concepts Profit Nearly Quadruples
Mar 30, 1:17 PM EDT |
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| Global Payments and Checkpoint Systems enjoy higher quarterly profit, while CKE Restaurants profit drops. |
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| Global Payments fiscal third-quarter profit climbed 14% on higher revenue. Grill Concepts fourth-quarter profit nearly quadrupled, as the company reported a hefty income tax benefit. CKE Restaurants net income fell but revenue rose. Checkpoint Systems fourth-quarter profit nearly doubled from a year-ago period which included significant charges. |
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REX Stores Posts a 46% Net Income Fall
Mar 28, 1:41 PM EDT |
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| Rex Stores fourth-quarter earnings decline, while Noble International fourth-quarter loss narrows. |
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| Industrial Services of America fourth-quarter profit grew despite lower sales, as the company reduced its overhead expenses. REX Stores net income fell 46% as sales at established stores declined. Noble International fourth-quarter loss narrowed on revenue contributions from an acquisition and the launch of new laser welding programs, but the downturn in North American vehicle production caused the company to fall short of internal expectations. |
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Fred's Posts a 4% Profit Decline
Mar 22, 4:36 PM EDT |
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| Actuant second-quarter earnings falls, while New York & Co. and Williams-Sonoma report higher profit. |
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| Fred''s fourth-quarter profit dropped 4%, while sales rose 17% and the company planned closing of 23 stores and pharmacies. Actuant second-quarter earnings fell as the company took a charge to restructure its European electrical unit. New York & Co. fourth-quarter profit grew 17% on increased revenue. Williams-Sonoma fourth-quarter earnings rose, helped by cost-cutting and marketing efforts, but issued a cautious first-quarter outlook below Wall Street estimates. |
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