Earnings

The Cooper Companies Inc.: The Irvine manufacturer of specialty health care products and services reported that net income for the first fiscal quarter ended Jan. 31 gained 82% to $6 million, or 39 cents a share, from $3.3 million, or 24 cents a share, for the like period last year. Revenue grew 51% to $42.8 million from $28.4 million.

Kohl's Corp., the fourth-largest U.S. department-store chain, said profit fell for the fifth quarter in a row, and the company reduced its annual forecast. For the year, Kohl's said earnings would be, at most, $2.84 a share. Third-quarter net income dropped 17% to $160.2 million, or 52 cents a share, from $194 million, or 61 cents, a year earlier, the Menomonee Falls, Wis.-based company said. Kohl's beat the 51-cent average estimate of analysts surveyed by Bloomberg. Sales fell 0.6% to $3.8 billion, Kohl's said.

California Pizza Kitchen Inc. raised its first-quarter earnings outlook on stronger-than-expected sales, sending its stock up more than 7% in extended trading. The casual-dining chain forecast earnings of 7 to 8 cents a share for the quarter as opposed to its previous forecast of 4 to 6 cents. Wall Street analysts, on average, had been expecting earnings of 5 cents a share, according to Reuters Estimates.

Qualcomm Inc. says fourth-quarter profit slipped 9% as revenue from the mobile phone technology it licenses and mobile phone chips it makes fell. Qualcomm said earnings fell to $803 million, or 48 cents a share, from $878 million, or 52 cents, a year earlier. Revenue fell 19% to $2.7 billion, which matched Wall Street's expectations, according to Thomson Reuters. Qualcomm shares fell 62 cents to close at $41.60. The shares rose to $42.10 in after-hours trading after the release of earnings.

Watson Pharmaceuticals Inc., the second-largest U.S. maker of generic drugs, said earnings rose 47% in the fourth quarter, helped by higher drug sales and lower operating expenses. Net income climbed to $56.4 million, or 50 cents a share, from $38.4 million, or 34 cents, a year earlier, the Corona company said. Earnings excluding some items were 53 cents a share, topping the 50-cent average estimate of analysts in a Bloomberg survey. Revenue increased 2.9% to $645.2 million, slightly ahead of analyst estimates, as sales and profit margins rose in all three of Watson's businesses.

Xerox Corp. had a $244-million first-quarter loss after settling a securities suit from 2000. Results excluding the legal costs met analysts' estimates. The net loss of 27 cents a share compared with net income of $233 million, or 24 cents, a year earlier, Norwalk, Conn.-based Xerox said. Without the 54 cents a share in legal costs, earnings would have been 27 cents. Xerox disclosed March 27 that it would take a charge of $491 million to cover the costs of a 2000 lawsuit and other pending securities-related cases.

Nike Inc. said slumping sales sent fiscal third-quarter earnings plunging 69%--an anticipated result. The Beaverton, Ore.-based athletic shoe and apparel maker also said it plans to take a fourth-quarter charge of $125 million to $175 million and cut 1,600 jobs, or 7% of its work force. Earnings before the charge fell to $73.1 million, or 25 cents a diluted share, down from $237.1 million, or 80 cents, a year earlier. Sales fell 8% to $2.22 billion.