AP - National Semiconductor Corp., which makes chips that regulate power and perform other functions in gadgets, reported Friday its first-quarter profit fell 7 percent from a year ago due to a higher tax rate.
Investor's Business Daily - In the recent round of earnings reports, a number of solar industry executives said solar panel demand and prices next year might hold up better than expected.
Reuters - Video game publisher Take Two
Interactive Software made a higher-than-expected
quarterly profit on strong "Grand Theft Auto 4" sales, but cut
its current-quarter outlook due to the delayed release of a new
game.
AP - Toll Brothers Inc. said Thursday it swung to a loss in its fiscal third quarter as weak demand for new homes forced the luxury builder to mark down the value of its land and unsold homes.
Reuters - Two large U.S. home builders posted
quarterly losses amid the steep U.S. housing decline, but
Hovnanian Enterprises Inc's results were far worse than
Wall Street expected, while Toll Brothers Inc's loss
was half what analysts had anticipated.
Reuters - Communications equipment maker Ciena
Corp reported a 59 percent drop in quarterly profit
and forecast current quarter revenue that would be far below
Wall Street estimates because of order delays, triggering a 20
percent fall in its shares.
AP - Hovnanian Enterprises Inc. said Wednesday its fiscal third-quarter loss more than doubled from a year ago as the homebuilder suffered steep declines in new home contracts and hefty markdowns on land values.
AP - Shares of Corning Inc. tumbled 12.6 percent to a three-year low Wednesday after the company lowered its third-quarter sales and profit guidance to reflect a bigger-than-expected drop in orders for glass used in flat-screen televisions and computers.
AP - Slowing sales, falling foot traffic in North American stores and penny-pinching customers combined to drag down Staples Inc.'s second-quarter profit by 16 percent, but a massive acquisition helped the office-supply chain top revenue expectations.
Reuters - Staples Inc , the world's
largest office products retailer, posted a 16 percent fall in
quarterly profit as its small-business customers bought less
furniture and office supplies, hurt by the weak U.S. economy.
Reuters - Ethan Allen Interiors Inc
forecast quarterly profit below current Wall Street views on
Tuesday, citing "substantially lower" sales volumes in July and
August from a year earlier and its shares fell more than 7
percent in extended trading.
AFP - New French energy giant GDF Suez said Monday its first half net profit and sales rose by double digits, allowing it to confirm its forecasts for the year.
AP - Slashing computer prices helped Dell Inc. boost sales in its fiscal second quarter, but the No. 2 PC maker's bottom line took a hit when efforts to cut costs failed to make up the difference.
Reuters - Dell Inc posted a
surprisingly steep drop in quarterly earnings on Thursday and
said companies around the world are cutting back on technology
spending, sending its shares tumbling 10 percent and sparking
fears of weakness in the whole tech sector.
AP - Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere.
AP - Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signaling that strong international demand for jewelry is helping offset U.S. economic weakness.
Reuters - Diversified U.S. chipmaker
Marvell Technology Group Ltd posted
better-than-expected profit on Thursday as revenues grew
strongly in the second quarter.