Market News

Amazon (AMZN)

Amazon.com today revealed the Holiday Toy List which features innovative search tools that allow customers to quickly narrow and expand search results simultaneously by “bestselling” or “average customer review,” then filter by age, gender, category, price and discount.
“The Holiday Toy List is a helpful tool for parents, friends and family members who are searching for the perfect toys for the kids on their list,” says Sarah Wood, director of the Toy Store for Amazon.com.

Oct 27 · 11:23:00 AM · Source: Business Wire
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by Michael Oliveto

Wynn Resorts (WYNN)

Wynn Resorts today reported a drop in third-quarter profit Tuesday as the global economic downturn continued to pinch its operations in both Las Vegas and Macau, though the casino operator still managed to top Wall Street expectations on both the top and bottom lines. Wynn Resorts said today it earned $34.2 million, or 28 cents a share, in the third quarter period, down from $51.2 million, or 49 cents, in the same quarter of 2008. Revenue for the quarter came in at $773.1 million, up slightly from $769.2 million in the third quarter of 2008 as it got a bounce from the opening of its Encore in Las Vegas late last year.

Oct 27 · 10:52:00 AM · Source: Company News Release
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by Larry Etter

Under Armour (UA)

Under Armour, Inc. today announced third quarter net income increased to $26.2 million in the third quarter of 2009 compared with $25.7 million in the prior year's period. Net revenues increased 16.2% in the third quarter of 2009 to $269.5 million compared with net revenues of $231.9 million in the third quarter of 2008.

Oct 27 · 10:03:00 AM · Source: Company News Release
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by Larry Etter

Johnson Controls (JCI)

Johnson Controls said fiscal fourth quarter net income was $300 million ($0.47 per diluted share), compared with $16 million ($0.03 per diluted share) a year ago. Fiscal 2009 fourth quarter net sales were $7.9 billion, compared with $9.3 billion in the previous year's period.
Company's CEO said the firm "navigated through customer and supplier bankruptcies and deteriorating global economic conditions."

Oct 27 · 9:49:00 AM · Source: Company News
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by Larry Etter

V.F. (VFC)

VF Corp., maker of such apparel brands as the North Face, Vans, Wrangler and Lee, said its third quarter net profit fell to $217.9 million, or $1.94 per share, from $233.9 million, or $2.10 per share, a year earlier. Revenue fell 5 percent to $2.1 billion from $2.2 billion a year earlier.
Earnings missed Wall Street estimates

Oct 26 · 7:21:00 PM · Source: Company News Release
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by Larry Etter

Barnes & Noble (BKS)

Shares of Barnes & Noble Inc fell on Friday, dropping after Goldman Sachs downgraded the stock to "sell" from "neutral." The firm wrote that the bookseller's move into electronic books could weigh on its profits.

Oct 26 · 11:03:00 AM · Source: Interactive Investor
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by Rich Pike

McGraw-Hill (MHP)

McGraw-Hill said that its third quarter net income declined to $336.1 million, or $1.07 a share, from $390.2 million, or $1.23, a year earlier. Revenue in the quarter decreased 8.4 percent to $1.88 billion.
Company also cut revenue forecasts for the rest of the year.

Oct 26 · 10:04:00 AM · Source: Company News Release
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by Larry Etter

RadioShack (RSH)

Radio Shack said third quarter earnings declined to $37.4 million or $0.30 per share from $49.1 million or $0.38 per share in the previous year. The company said third quarter net sales and operating revenues for the recent quarter declined 3.1% to $990 million from $1.02 billion in the comparable period a year ago.
The company noted that the decrease of 3.1% was attributable to a 3.5% fall in the sales generated by company-operated stores, a 17.8% decline in kiosk sales; and a 13.5% increase in other sales.

Oct 26 · 9:54:00 AM · Source: Company News Release
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by Larry Etter

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