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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
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.
BUSINESS
May 6, 2013 | By Tiffany Hsu
American restaurants are expected to report dismal same-store sales for the first quarter, slammed by cold weather and cost-conscious consumers, but the industry hopes that Mom will come to the rescue. A forecast from Thomson Reuters shows eatery sales in a “deep freeze,” advancing a “sluggish” 1% after surging 6.3% during the same quarter in 2012. Bitter temperatures, especially in the Northeast, kept traffic minimal, according to the report. But even when diners ventured out, “they didn't want to spend much,” according to the report.
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...
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