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BUSINESS
October 8, 2009 | Times Wire Reports
Costco Wholesale Corp. said a stronger dollar and higher employee healthcare costs helped drive its fiscal fourth-quarter profit down 6%, but the results beat analysts' forecasts. The members-only warehouse club chain earned $374 million, or 85 cents a share, for the quarter, down from $398 million, or 90 cents, a year earlier. Revenue fell 3% to $22.38 billion. The performance topped the average earnings forecast of 77 cents a share on sales of $22.34 billion, according to a Thomson Reuters poll.
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BUSINESS
November 8, 2008 | Times Wire Services
Wholesale inventories held by distributors fell in September as companies cut stockpiles in the face of the economic slowdown. The Commerce Department said inventories fell by 0.1%. Analysts had expected them to grow by 0.3%, according to Thomson Reuters. The department also revised August's reading down to a 0.6% increase from 0.8%. Wholesale sales also dropped in September, by 1.5%, the department said, after a revised 1.6% decline the previous month.
BUSINESS
April 25, 2009 | Times Wire Reports
Xerox Corp. met lowered expectations for first-quarter earnings, but it said slower spending on printing equipment and supplies continued to hurt sales. The company earned $42 million, or 5 cents a share, in the quarter, topping Wall Street forecasts by a penny, according to Thomson Reuters. It had a loss of $244 million, or 27 cents, a year earlier, when it had a hefty litigation charge. Xerox shares rose 21 cents, or 3.7%, to $5.95.
BUSINESS
October 24, 2008 | TIMES WIRE SERVICES
Technology products distributor Ingram Micro Inc. said its third-quarter profit fell 36% as revenue declined amid softening demand in its three largest geographic regions. The Santa Ana company earned $46.4 million, or 27 cents a share, down from $72.4 million, or 41 cents, a year earlier. Sales fell 4% to $8.28 billion. Analysts, on average, were expecting a profit of 23 cents a share on sales of $8.44 billion, according to a poll by Thomson Reuters. Because of the economic uncertainty, Ingram said it was discontinuing specific financial quarterly guidance.
BUSINESS
April 9, 2010
Year-over-year percentage change in March sales at stores open at least a year: Company % change Kohl's +22.5% Aeropostale +19.0 Nordstrom +16.8 American Eagle +15.0 Limited +15.0 Ross +14.0 Zumiez +13.2 Saks +12.7 TJX +12.0 Gap +11.0 Macy's...
BUSINESS
January 25, 2013 | By Andrew Tangel
So far this earnings season, 68% of the companies in the broad Standard & Poor's 500 index that have reported results for the fourth quarter of 2012 have beat Wall Street's expectations, according to Thomson Reuters. Typically, 62% of the companies beat expectations. (As of early Friday, 147 of S&P companies, fewer than one-third of the benchmark index's component firms, had reported.) That should be promising to investors. Indeed, strong earnings helped push the S&P 500 above 1,500 points Thursday, its first time above that threshold since 2007.
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