Sara Lee, (SLE: chart), would have earned 34 cents a share if not for non-recurring items. For its Q2 the company expects earnings of 25 to 30 cents a share, down from analyst expectations of 32 cents and expects fiscal 2006 earnings of 97 cents to $1.07 a share, missing analysts’ forecasts of $1.27 a share.

MCI Inc., (MCIP: chart), telecom carrier, posted Q3 net income of 82 cents a share, ups from a net loss of $10.65 a share in the year-ago period. Q3 Results reflected the continued impact of new services and cost-cutting initiatives started in 2004, the company said, as well as it incurred and recorded a $164 million tax reduction in Q3. The year-ago loss largely stemmed from $3.5 billion in impairment charges.

CVS Corp, (CVS: chart), drugstore and pharmacy chain, reported that Q3 net profit advanced 37% to 30 cents a share from the year-ago period on 13.4% revenue growth, matching analysts’ forecasts.

Aquila Inc, (ILA: chart), electricity and natural gas utility operator, posted a Q3 loss of 20 cents, up from a loss of 44 cents share on 46% higher revenue. Aquila said its electric- and gas-utility businesses strengthened but earnings were cut by the costs of its remaining obligations related to its merchant business.

Cost Plus, (CPWM: chart), discount home products retailer, reported Q3 same-store sales dropped 4.7% from the year-ago period. The company expects a loss of 12 cents a share, in line with the analysts’ estimates.

Goody''s Family Clothing, Inc, (GDYS: chart), retailer, announced that sales advanced 6.8%, with same-store sales up 2.5%. The company expects to report a greater loss in Q3 than the net loss of 2 cents a share posted in the year-earlier period.

American Retirement Corp, (ACR: chart), senior living communities operator, reported that it reversed to to a Q3 profit of 13 cents a share, from a loss of 27 cents a share in the same period last year. Sales rose 11.3%. The company predicts 2005 adjusted earnings in the range of 48 cents to 50 cents a share.

Entertainment, (HET: chart), casino operator, posted Q3 earnings of 91 cents a share, down vs. $1.07 a share in the same period last year despite revenue growth. Excluding non-recurring items, the company would have earned $1.01 a share, beating analyst estimate of 99 cents a share.

R.R. Donnelley & Sons Co, (RRD: chart), printer, announced that Q3 net profit from continuing operations advanced 15% to 62 cents a share, compared with the year-ago period on 15% revenue growth. The company raised its guidance for fiscal-year operating earnings from continuing operations by 4 cents to $2.21 a share.

Tesoro Petroleum, (TSO: chart), petroleum products producer, posted Q3 earnings of $3.20 a share, up from 93 cents a share in the year-ago period, topping analyst estimate for a profit of $3.17 a share. Q3 results include a charge of 8 cents a share, related to insurance premium surcharges. The company announced that it has approved the buyback of up to $200 million worth of common stock.

Sabre Holdings, (TSG: chart), travel services company, posted Q3 earnings of 45 cents a share, down from 49 cents a share in the year-ago period despite revenue growth. If not for non-recurring items, the company would have earned 50 cents a share, topping analyst estimate of 47 cents a share. The company also expects adjusted fourth-quarter earnings of 16 to 19 cents a share, below analyst estimate of 22 cents a share.