Earnings Headlines

Loew’s Corp reported 1Q profit of 74 cents vs. 56 cents a year ago on 14% revenue growth and 3.8% same-store sales growth but missed 76 cents estimates. Company forecasted 2Q profit of $1.00-$1.02 and for the year 2005 $3.25-$3.34.

Limited Brands reported 1Q profit declined to 6 cents vs. 19 cents a year ago on flat sales and same-store sales decline of 5%. The company forecasted 2Q profit of 23-25 cents vs. estimates of 29 cents and lowered the guidance for the full year to $1.41 from $1.51.

Valspar, industrial coating and paint maker, reported 2Q profit of 75 cents vs. 74 cents a year ago including 7 cents gains related to legal settlement and tax benefit. The company has raised prices in the 1Q to compensate for the rising material costs.

PanAmSat reported 1Q profit of one cents vs. loss of 7 cents a year ago on 1.3% revenue growth and missed estimates of 3 cents.

FreightCar America reported 1Q profit of 22 cents vs. 62 cents a year ago. After adjusting for the shares issuance related to recent IPO pro forma earnings would have been profit of 38 cents vs. loss of 13 cents on a fully diluted basis.

PFSweb, outsourcing company, reported 1Q loss of one cent vs. 8 cents a year ago on 6% revenue growth.