| HP profit plummets, CEO urges patience
(Reuters) |
Reuters - Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers. |
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| HP CEO pleads patience as earnings fall 44 pct
(AP) |
AP - Hewlett-Packard Co. CEO Meg Whitman pleaded for patience Thursday as she described operational challenges and other internal problems that contributed to a decline in earnings at one of the world's largest technology companies.
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| Synopsys 1st-quarter results beat estimates
(Reuters) |
Reuters - Chip-design software maker Synopsys Inc posted a quarterly profit that beat analysts' estimates, helped by strong demand for its new products, and raised its full-year outlook. |
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| MGM Resorts 4th-quarter loss narrows, revenue up
(AP) |
AP - MGM Resorts International said Wednesday that high costs kept it in the red in the fourth quarter, but it lost less than a year earlier as more people stayed at its Las Vegas Strip casinos and visitors spent more on the food, gambling, entertainment and shopping it offers. |
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| Chesapeake posts 4Q earning more than double
(AP) |
AP - Chesapeake Energy Corp. said Tuesday that its fourth-quarter profit more than doubled as the company benefited from hedging positions that offset lower prices for oil and gas. |
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| Dell shares fall on earnings miss, outlook
(Reuters) |
Reuters - Dell Inc forecast fiscal first-quarter revenue below Wall Street's expectations, stoking fears the PC industry has not fully emerged from its downturn and sending the company's shares more than 4 percent lower. |
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| Saks 4Q profit rises on sale of luxury goods
(AP) |
AP - Saks Inc. says its fiscal fourth-quarter net income climbed 48 percent, buoyed by strong sales of handbags, fine jewelry and men's and women's clothing.
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| Barnes & Noble fiscal 3Q net income falls
(AP) |
AP - Barnes & Noble said Tuesday that its fiscal third-quarter net income fell 14 percent, as rising costs offset higher sales. The company also said it will introduce a cheaper Nook Tablet.
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| Holiday spending pushes Macy's 4Q profit higher
(AP) |
AP - A strong holiday shopping season and hearty online sales pushed Macy's Inc.'s fourth quarter net income up 12 percent. That topped Wall Street's expectations, and the department store chain's stock hit a 52-week high.
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| Wal-Mart's 4Q results show rebounding US business
(AP) |
AP - Wal-Mart Stores Inc.'s business offers valuable insight into how Americans are reacting in the slow economic recovery: they will spend, but only if they believe they're getting the lowest prices.
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| Home Depot 4Q net income climbs on sales spike
(AP) |
AP - Home Depot Inc. said Tuesday that its fiscal fourth-quarter net income rose 32 percent as homeowners spent more on renovation projects in part due to the mild weather in the U.S.
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| Medco Health Solutions 4Q profit climbs 12 percent
(AP) |
AP - Medco Health Solutions Inc.'s fourth-quarter net income rose 12 percent, as gains from generic prescriptions and the pharmacy benefits manager's specialty business helped offset costs from its pending acquisition by Express Scripts Inc.
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