Target (TGT)

Target Corp. said Tuesday it posted third quarter profits of $436 million, or 58 cents a share, up 18 percent from $369 million, or 49 cents a share, a year earlier. Revenue increased 1.1% to $15.28 billion.
Results beat analyst expectations.

Nov 17 · 11:33:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Amazon (AMZN)

Amazon said that it's going to offer Web-based services to businesses in Asia starting next year.
Amazon Web Services LLC provides cloud computing, storage, database and other services to businesses. The company will open locations in Singapore in the first half of 2010, with other "availability zones" opening in the latter half of next year in the same region.

Nov 14 · 3:42:00 PM · Source: Forbes
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Abercrombie & Fitch (ANF)

Abercrombie & Fitch Friday today reported third quarter net income of $38.8 million, or $0.44, compared to net income of $63.9 million, or $0.72 for the comparable period last year. Excluding $6.2 million of after-tax charges associated with the closure of the Ruehl business and an $18.6 million benefit associated with a true up of the year-to-date tax rate, the Company reported non-GAAP net income of $26.3 million, or $0.30, for Q3. Sales decreased 15% to $765.4 million; comparable store sales decreased 22%.
Profits were higher than expected.

Nov 13 · 11:29:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

J.C. Penney (JCP)

J.C. Penney Friday said its third-quarter net income fell 78 percent to $27 million, or 11 cents share, from $124 million, or 56 cents a share, a year earlier. Excluding a 3-cent charge related to real estate impairment, earnings were 14 cents a share. Sales declined 3.2 percent to $4.18 billion.
Earnings matched Street estimates.

Nov 13 · 11:18:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Disney (DIS)

Disney reported that for the fiscal fourth quarter ended Oct. 3, it reported a profit of $895 million, or 47 cents a share, up from $760 million, or 40 cents a share, a year earlier.

The latest quarter, which had one more week than a year ago, included gains from the merger of Lifetime Entertainment Services and A&E Television Networks as well as $166 million in restructuring and impairment charges. Excluding items, earnings rose to 46 cents a share from 44 cents. Revenue rose 4.5% to $9.87 billion.
Disney's cable networks, including ESPN and The Disney Channel, have eased much of the pain from the recession and that is reflected in the Q4 results.

Nov 13 · 11:13:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Macy's (M)

Macy's Wednesday said its third quarter net loss narrowed to $35 million, or 8 cents a share, from $44 million, or 10 cents a share, a year earlier. Excluding one-time items such as $205 million in restructuring costs, its loss was 3 cents a share. Third quarter sales droppped 3.9 percent to $5.28 billion vs. last year's comparable period.
The company forecast earnings for the critical fourth quarter far below Wall Street expectations.

Nov 11 · 10:35:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

American Apparel Inc (APP)

Clothing retailer American Apparel Inc. said Tuesday its third quarter profit rose 78 percent to $4.2 million, or 5 cents per share, compared with $2.3 million, or 3 cents per share, in the same quarter a year ago. Revenue declined 3 percent to $150.3 million from $154.8 million.
The company said its profits grew due to a shift toward sales of higher-margin retail merchandise.

Nov 10 · 11:56:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Beazer Homes USA Inc. (BZH)

Beazer Homes USA Tuesday reported a fiscal fourth quarter profit of $34 million, or 84 cents per share, compared with a year-earlier loss of $474 million, or $12.29 per share. Revenue was $376.3 million, down from $650 million a year earlier.
The company's CEO said demand for the company's new homes was spurred by low prices and mortgage interest rates and a federal tax credit for first-time home buyers,

Nov 10 · 10:33:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter