Suntech Surges, E-House Edges Higher
Aug 20, 10:23 AM ET |
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| E-House China, realtor second quarter revenue 79% and net increased 85%. Suntech Power, revenue rose 51%. |
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| Suntech Power, China based solar energy company second quarter revenues grew 51% to $480.2 million and net income rose 58% to $65.2 million or 38 cents a share. BJs Wholesale Club, a warehouse club operator second quarter sales increased 18% to $2.65 billion and net income rose 0.54% to $36.5 million or 61 cents a share. China based real estate services provider E-House second quarter revenues increased 79% to $43.0 million and net income rose 85% to $11.7 million or 14 cents a share. |
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HP Rises, BJ's Fall on Earnings
Aug 20, 10:24 AM ET |
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| HP revenue in the U.S. rose 4%, in the Europe and Middle East increased at 16% and in Asia Pacific gained 14%. |
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| Hewlett-Packard Company, the largest PC seller third quarter revenues rose 10% to $28 billion and net income jumped 14% to $2.03 billion or 80 cents a share. La-Z-Boy Incorporated, furniture maker first quarter revenues fell 6.6% to $321.7 million and net loss $8.5 million or 17 cents a share. BJ''''s Wholesale Club revenue rose 18% to $2.65 billion and net edged up 0.54% to $36.5 million or 61 cents a share. |
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Trina Solar Earnings Rise 57%
Aug 18, 1:37 PM ET |
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| Net income in the quarter rose 57% to $17.1 million or 68 cents per share compared to net income of $7.4 million or 32 cents per share, a year ago. |
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| Lowe’s Companies the second-largest home improvement retailer reported second quarter revenues increased 2.4% to $14.5 billion and net income dropped 7.9% to $938 million or 64 cents a share. Trina Solar Limited, an integrated solar power products manufacturer based in China second quarter revenues increased 69% to $204.2 million and net income rose 57% to $17.1 million or 68 cents a share. |
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Weak Net at Target, Home Depot, Saks
Aug 19, 9:32 AM ET |
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| Home Depot, Target and Saks reported weaker than expected sales and earnings. Medtronic, the pace maker, sales rose 19% and earnings gained 11%. |
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| The Home Depot, Inc, world''s largest home improvement retailer second quarter sales decreased 5.4% to $21.0 billion and net income dropped 24.3% to $1.2 billion or 71 cents a share. Medtronic, Inc first quarter revenues increased 19% to $3.706 billion and net income increased 11% to $747 million or 66 cents a share. Target Corporation, discount retailer second quarter sales grew 5.7% to $15 billion and net income declined 7.6% to $634 million or 82 cents a share. |
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BHP Profit Rises 14.7%
Aug 18, 12:28 AM ET |
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| Annual profit from operations rose 22.1% to $24 billion from $19 billion last year. |
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| BHP Billiton, the largest diversified mining group fiscal 2008 revenues jumped 26% to $59 billion on rising sales volumes for metals and increasing petroleum prices. In the period, sales volumes of copper, iron ore, energy coal, diamonds and alumina contributed $805 million of earnings before income and taxes. Revenues from petroleum gained 62.2% to $9.5 billion as the average realized oil prices was $96.27 per barrel from $63.87 a year earlier. |
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Abercrombie, JC Penney Rise on Earnings
Aug 15, 10:02 AM ET |
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| Retailers reported weak comparable same store sales and a decline in earnings in the latest quarter. |
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| Abercrombie & Fitch Co specialty retailer quarterly revenue increased 5% and net income declined 4.49%. J. C. Penney Company, Inc retailer second quarter revenues decreased 2.5% and net income declined 35.7%. New York and Company, Inc specialty apparel chain second quarter revenues increased 3.61% and net income rose 61%. JC Penney second quarter revenue declined 2.5% to $4.2 billion and net income declined 36% to $182 million. |
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Nordstrom, Kohl's Sales, Earnings Fall, Stocks Rise
Aug 15, 9:42 AM ET |
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| Nordstrom and Kohl's reported better than expected sales and earnings, despite a weak quarter. |
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| Nordstrom, Inc, upscale department store chain said second quarter sales fell 4.3% to $2.29 billion and net income declined 21% to $143 million or 65 cents a share. Kohls second quarter revenue rose 3.8% to 3.8% to $3.7 billion and net income in the quarter fell 12% to $236 million or 77 cents a share. Comparable same stores sales in the quarter declined 4.6%. |
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WNS, TechTarget, Global Sources Fall
Aug 14, 12:51 AM ET |
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| China based business-to-business media company Global Sources Limited revenue rose 21% and net income increased 50%. |
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| Copa Holdings, Panama based air cargo carrier second quarter revenue rose 27% to $298 million and net income declined 1.6% to $30.4 million. Business service provider, WNS Holdings first quarter revenue rose 9.3% to $122.9 million and net income declined 60% to $3.3 million. TechTarget, media service provider second quarter revenue rose 19% to $29.4 million and net income fell 47% to $1.7 million. Ctrip.com, China based travel company revenue rose 30% and earnings increased 35% to $17 million. |
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Estee Lauder Rises, Wal-Mart Sales Up 10%
Aug 14, 12:29 AM ET |
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| Estee Lauder fourth quarter sales rose 14% to $2.01 billion and earnings increased 36% to $120 million. |
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| Wal-Mart quarterly sales rose 10% to $101.6 billion and net income increased 17% to $3.35 billion. Copa Holdings, Panama based cargo carrier quarterly revenue rose 26% to $298 million and net income declined 1.6% to $30 million. China based business media company Global Sources second quarter revenue increased 21% to $64 million and net income increased 50% to $8.4 million. JM Smucker Company first quarter sales increased 18% to $664 million and net income increased 8% to $42 millon |
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McDermott, Fluor and Watson Wyatt Fall
Aug 12, 1:32 PM ET |
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| McDermott International and Fluor benefit from the rising spending in building infrastructure projects in energy and other industries. |
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| Engineering and construction companies Fluor and McDermott fell after reporting earnings. Fluor Corp quarterly revenue jumped 37% to $5.8 billion and earnings increased 54% to $209 million. McDermott International revenue rose 26% to $1.79 billion and earnings gained 19% to $177.5 million in the quarter. |
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