Luxury retailer Tiffany's 2nd-qtr profit falls on lower sales, still beats analysts' estimatesAugust 28th, 2009 Tiffany 2Q profit falls, but tops viewNEW YORK — Tiffany & Co. says its second-quarter profit fell 30 percent as sales slipped, but the results beat analysts' estimates.
Russian oil major Lukoil's net profit falls 44 percent in Q2 but beats analyst estimatesAugust 28th, 2009 Lukoil's Q2 net profit down 44 percentMOSCOW — Lukoil, Russia's largest private oil company, on Friday posted a 44 percent drop in net profit for the second quarter due to lower oil prices, but still beat analyst expectations. Net income fell to $2.3 billion from $4.1 billion a year earlier, the company said in a statement.
Profit at Limited Brands, owner of Victoria's Secret, falls 27 pct in 2Q but beats forecastAugust 20th, 2009 Profit falls in 2nd qtr at Victoria's Secret ownerCOLUMBUS, Ohio — Limited Brands Inc., which operates Victoria's Secret and Bath and Body Works, said Wednesday that its second-quarter profit fell 27 percent as sales slipped, but cost-cutting helped it earn more than Wall Street expected. The specialty retailer boosted its yearly outlook Wednesday, and its shares rose 22 cents, or 1.5 percent, to $14.80 in trading after hours.
Target's 2nd-quarter profits fall 6.2 pct, but results well exceed estimates amid cost-cuttingAugust 18th, 2009 Target's 2Q profit falls 6.2 pct, beats estimatesNEW YORK — Target says its second-quarter profit fell 6.3 percent, but results surpassed Wall Street forecasts amid cost-cutting initiatives and improvements in its credit-card business. The Minneapolis-based discounter says Tuesday that it earned $594 million, or 79 cents per share, in the period.
Earnings roundup: Wal-Mart 2Q income unchanged, Kohl's profit dips in 2Q but still beats viewsAugust 13th, 2009 Earnings roundup: Wal-Mart, Kohl'sAmong the earnings stories for Thursday, Aug. 13, from AP Financial News:
NEW YORK (AP) — Wal-Mart Stores Inc.
Lincoln Electric 2nd-qtr profit drops, exceeds Wall Street expectationsJuly 28th, 2009 Lincoln Electric 2Q profit falls, beats StreetCLEVELAND — Welding products manufacturer Lincoln Electric Holdings Inc. on Tuesday said its second-quarter profit exceeded analyst expectations, but still fell 79 percent as challenging global economic conditions significantly hurt demand.
Verizon 2nd-quarter profit falls 21 percent, narrowly beats Wall Street expectationsJuly 27th, 2009 Verizon 2Q profit falls, but beats expectationsNEW YORK — Verizon Communications Inc., the nation's largest wireless carrier, said Monday its second-quarter profit fell 21 percent as cost-cutting in its wireline business failed to keep pace with falling revenues. The earnings narrowly beat Wall Street expectations, and Verizon said demand for cell phones and its new home TV service were holding up well in the recession.
Verizon 2nd-quarter profit down 7 percent, but matches Wall Street expectationsJuly 27th, 2009 Verizon 2Q profit falls, but matches expectationsNEW YORK — Verizon, the nation's largest wireless carrier, says its second-quarter profit fell 7 percent as rising costs outstripped an increase in sales. Its results are in line with Wall Street expectations.
Union Pacific 2nd-qtr profit falls 12 percent, as tight cost cuts offset major demand declinesJuly 23rd, 2009 Union Pacific 2Q profit falls 12 percentOMAHA, Neb. — Railroad Union Pacific says its second-quarter earnings fell 12 percent, as stringent cost cutting partially offset major shipping declines across its business.
Starbucks shares jump after analysts praise chain's cost-cutting, 3rd quarter profit beatJuly 22nd, 2009 Starbucks shares soar following 3Q profit beatNEW YORK — Shares of Starbucks Corp. soared Wednesday after a number of analysts praised the company's cost-cutting efforts following the gourmet coffee chain's fiscal third-quarter profit report.
Sweden's Electrolux 2Q profit jumps despite weak market, beats analysts' expectationsJuly 16th, 2009 Electrolux 2Q profit jumps six-foldSTOCKHOLM — Swedish appliance maker Electrolux AB reported Thursday that profits surged six-fold in the second quarter, despite a weak market for home appliances, thanks to cost cuts and favorable currency rates. The Stockholm-based group said net profit was 658 million kronor ($84.4 million), up from 99 million kronor in the same period a year ago, and sharply beating analysts' expectations of a profit of 198 million kronor.
Nasdaq OMX Group's 1st-quarter profit falls to $94M, operating profit beats estimatesMay 8th, 2009 Nasdaq OMX Group 1Q profit slides 22 percentNEW YORK — Stock exchange operator Nasdaq OMX Group says its first-quarter profit fell 22 percent compared with the year-ago quarter when it booked hefty foreign exchange contract gains. The global exchange operator said Thursday it earned $94 million, or 44 cents per share, in the three months ended March 31.
Skechers shares rise as it posts surprise 1st-qtr profit on cost cutting, inventory controlApril 30th, 2009 Skechers shares rise on strong 1Q earningsMANHATTAN BEACH, Calif. — Shares of footwear maker Skechers USA Inc.
Union Pacific reports 18 percent drop in 1st-quarter net income, but beats expectationsApril 23rd, 2009 Union Pacific 1st-quarter income falls 18 percentOMAHA, Neb. — Union Pacific Corp.
Ingersoll-Rand posts loss in 1st quarter but beats Wall Street estimates on cost cuttingApril 22nd, 2009 Ingersoll-Rand posts 1Q loss but tops expectationsNEW YORK — Ingersoll-Rand Co. said Wednesday it fell to a loss in the first quarter but the diversified industrial manufacturer topped Wall Street's expectations, due in part to cost cutting.
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