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Dynamex Rises 10% On Earnings
Mar 06, 3:00 PM EST |
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| Package delivery company Dynamex expects sales in 2008 to rise between 10% and 15% and earnings between $1.40 and $1.50 a share. |
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| Dynamex Inc, a provider of same day delivery services reported second quarter net income of $3.4 million or $0.33 fully diluted share compared to $3.7 million or $0.35 per share a year ago. Fiscal second quarter 2008 sales increased 10.9% to $112 million. |
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Urban Outfitters Sales Up 29%
Mar 06, 2:57 PM EST |
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| Urban Outfitters fourth qaurter sales soared 29% to $465 million and earnings rose to $53 million. |
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| Urban Outfitters, Inc, a casual apparel retailer reported net sales in the fourth quarter soared 29% to a record $465 million with earnings of $53.6 million. Earnings per diluted share were $0.32 for the quarter versus $ 0.21 in the comparable period in 2007. Blockbuster reported revenues increased 3.6% to $1.57 billion in for the fourth quarter of 2007 from $1.51 billion a year ago. |
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Longs Drug, Coldwater Creek Fall on Earnings
Mar 06, 1:33 PM EST |
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| Longs Drug falls 15% after it reported earnings. Coldwater Creek pluges 22% after a weak sales guidance. |
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| Blockbuster, Coldwater Creek, and Longs Drug fell after the release of earnings. Blockbuster revenue in the fourth quarter rose 3.6% and earnings increased to 50%. Coldwater Creek fourth quarter revenue declined 7% but earnings rose to $17 million from $15.9 million. Longs Drug fourth quarter sales rose 11% and earnings rose to $37.2 million. |
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Schroders Profit Rises 35%
Mar 05, 10:56 PM EST |
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| Profit attributable to shareholders in 2007 increased to £303.7 million from £221.9 million in 2006 as asset under management rose to £139.1 billion. |
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| Global asset manager Schroders reported annual revenues jumped to £1.19 billion from £967 million as income in private banking rose 11% to £105.9 million. Asset management profit before tax rose from £219 million in 2006 to £266.5 million in 2007. Schroder expanded in India and Dubai, UAE in 2007. |
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Cathay Earnings Soar 72%
Mar 05, 10:40 PM EST |
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| Net profit in 2007 increases 72% to HK$7.02 billion from HK$4.08 billion in 2006. Revenue rose 24% to HK$75.35 billion. |
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| Hong Kong’s largest airline reported 2007 net profit increases 72% to HK$7.02 billion helped by a weak dollar and rising passenger demand. Together with subsidiary, Dragonair, the carrier carried 23.35 million passengers last year. Cathay Pacific warned of a tough 2008 on rising fuel costs and increased competition. |
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RBS Earnings Rises 6.4%, Lowers Outlook
Mar 05, 10:07 PM EST |
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| Pre-tax profit rose to £9.96 billion from £9.19 billion last year. Earnings per share increased to 76.4 pence from 64.4 pence in 2006. |
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| U.K’s second largest bank said fiscal 2007 pre-tax profit rose to £9.96 billion helped by higher growth in the U.K corporate and retail banking divisions. Income gained 6.4% to £25 billion. RBS warned of a sluggish 2008 and lowered its earnings estimate for the current year. The bank has commercial mortgage exposure, consisting of loans originated for the purposes of securitization of £8.8 billion at December 31, 2007. |
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Big Lots Surges on Earnings
Mar 05, 5:31 PM EST |
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| Big Lots surged after the company reported better than expected earnings and guided comparable store sales rise between 1% and 2% in 2008. |
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| Big Lots reported fourth quarter sales decline of 10% to $1.4 billion and earnings fall of 8% to $92 million. Earnings per share rose to $1.04 from $0.94. Operating profit increased to 9.4% from 8.9% a year ago. For the year retailer reported $158 million compared to $124 million or $1.55 per share compared to $1.11. For the year sales rose to $4.74 billion from $4.66 billion. |
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Whitebread to Merge Units, Slower Sales
Mar 01, 12:10 AM EST |
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| Like-for-Like sales growth eased to 5.7% from 5.8%, estimates fiscal 2007 pre-tax profit around £208 million. |
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| The U.K hotel and restaurant group said it planned to merger it hotel, restaurants and pubs division and save £25 million per year in 2009 and 2010. The merger would be done at a cost of £35 million and has mainly been driven by weaker sales growth within the restaurants and pubs units. In the 50 weeks to February 14, Whitbread said like-for-like sales slowed to 5.7% and total sales gained 11.3%. |
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Dell Q4 Earnings Fall
Mar 02, 11:27 PM EST |
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| Dell fourth quarter earnings fall on higher one-time charges and rising price competition from Hewlett Packard, Sony and other Asian makers. |
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| Net profit fell to $679 million or 31 cents per share from $726 million or 32 cents per share in 2007. For the fiscal year 2008 revenue rose 6% to $61.13 billion compared with $57.42 billion in fiscal 2007 and earnings increased 14% to $2.94 billion or $1.31 per share from $2.58 billion or $1.14 per share in fiscal 2007. Sales in the fourth quarter rose 10% from a year ago and 2% from third quarter. Earnings in the quarter rose 6% from a year ago and 11% from the third quarter. |
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InBev Profit Surges 55.8%
Mar 03, 11:05 PM EST |
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| Fourth quarter profit increased to 900 million euros from 371 million euros driven by strong sales in Latin America North and Western Europe. |
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| The Belgian brewer InBev reported 2007 revenues increase of 7.2% to 14.4 billion euros from 13.3 billion euros a year earlier as revenues in Latin America North increased 34% and leapt 24% in Western Europe. In particular, beer volumes in Brazil grew by 5.6% and the market share in 2007 rose to 67.8%. |
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