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1999 |
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Longs Drug, Coldwater Creek Fall on Earnings
Mar 06, 1:33 PM EST |
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| Longs Drug falls 15% after it reported earnings. Coldwater Creek pluges 22% after a weak sales guidance. |
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| Blockbuster, Coldwater Creek, and Longs Drug fell after the release of earnings. Blockbuster revenue in the fourth quarter rose 3.6% and earnings increased to 50%. Coldwater Creek fourth quarter revenue declined 7% but earnings rose to $17 million from $15.9 million. Longs Drug fourth quarter sales rose 11% and earnings rose to $37.2 million. |
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Big Lots Surges on Earnings
Mar 05, 5:31 PM EST |
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| Big Lots surged after the company reported better than expected earnings and guided comparable store sales rise between 1% and 2% in 2008. |
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| Big Lots reported fourth quarter sales decline of 10% to $1.4 billion and earnings fall of 8% to $92 million. Earnings per share rose to $1.04 from $0.94. Operating profit increased to 9.4% from 8.9% a year ago. For the year retailer reported $158 million compared to $124 million or $1.55 per share compared to $1.11. For the year sales rose to $4.74 billion from $4.66 billion. |
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Dell Q4 Earnings Fall
Mar 02, 11:27 PM EST |
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| Dell fourth quarter earnings fall on higher one-time charges and rising price competition from Hewlett Packard, Sony and other Asian makers. |
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| Net profit fell to $679 million or 31 cents per share from $726 million or 32 cents per share in 2007. For the fiscal year 2008 revenue rose 6% to $61.13 billion compared with $57.42 billion in fiscal 2007 and earnings increased 14% to $2.94 billion or $1.31 per share from $2.58 billion or $1.14 per share in fiscal 2007. Sales in the fourth quarter rose 10% from a year ago and 2% from third quarter. Earnings in the quarter rose 6% from a year ago and 11% from the third quarter. |
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HSBC: U.S. Subprime Woes, Asia Shines
Mar 03, 10:16 PM EST |
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| Second half profits rose 5% to $10.1 billion driven mainly by strong growth in the Asia-Pacific region offsetting a $2.4 billion loss in North America |
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| HSBC reported total operating income rose 25% to $87 billion from $70 billion from a year ago thanks to revenues from emerging markets that offset subprime related losses. Profits before tax grew 24.8% to $6 billion in the rest of the Asia-Pacific region, while profit rose 35.5% from $6.9 billion to $8.5 billion in Europe. HSBC issued a cautious 2008 outlook. |
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