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    Corporate Earnings Headlines
    Target, Saks expect weak sales climate for year (AP)

    Chris Doyle shops at a target store in Omaha, Neb., Tuesday, May 20, 2008. Profits dropped almost 8 percent at Target Corp. on softer-than-expected sales and higher costs, but still beat Wall Street earnings estimate for its first quarter. (AP Photo/Nati Harnik)AP - For U.S. retailers, the phrase "challenging environment" has become a shared refrain for one of the toughest quarters in decades. And merchants expect the climate to remain rough for the rest of the year as higher gas and food costs as well as slumping home prices weigh on shoppers.


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    Tue, 20 May 2008 20:29:45 GMT - Yahoo! News: Earnings News
    Sustained slump in housing cuts into Home Depot 1Q (AP)

    The Home Depot Inc. reported a 66 percent drop in first-quarter profit Tuesday, May 20, 2008, due to a large one-time charge and continued weakness in the housing market. Home Depot operates 2,258 stores in the United States, Canada, Mexico and China. This store is located in Roswell, Ga. (AP Photo/Stanley Leary)AP - The Home Depot Inc. doesn't know if stimulus checks making their way to potential customers are enough to improve its fortunes this year, the company said Tuesday as it reported a 66 percent drop in first-quarter profit.


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    Tue, 20 May 2008 20:33:45 GMT - Yahoo! News: Earnings News
    Medtronic 4Q profit flat without tax gain (AP)
    AP - Medical device maker Medtronic reported flat fourth-quarter profit on Tuesday, but investors cheered its strong growth in sales and operating earnings. -- read full article
    Tue, 20 May 2008 20:41:55 GMT - Yahoo! News: Earnings News
    Staples profit edges up, despite slow US sales (AP)

    In this Nov. 27, 2007 file photo, a shopper reaches for a pen at a Staples office supply store in Providence, R.I. Staples Inc. posted a slim 1.5 percent increase in its first-quarter profit, Tuesday, May 20, 2008, after posting small declines the previous two quarters amid slow U.S. retail sales of office products. (AP Photo/Steven Senne, file)AP - Strong sales of delivered office products to corporate customers at home and overseas helped Staples Inc. post a 1.5 percent increase in its first-quarter profit, and rebound modestly from small profit declines the previous two quarters.


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    Tue, 20 May 2008 20:49:19 GMT - Yahoo! News: Earnings News
    HP's 2Q profit up on strong demand outside US (AP)

    Hewlett Packard printer inks on display at Best Buy in Mountain View, Calif., Monday, May 13, 2008. HP is expected to release quarterly earnings at the close trading Tuesday, May 20, 2008. (AP Photo/Paul Sakuma)AP - Hewlett-Packard Co. cashed in on rising international demand again in its second quarter, but that performance may not be enough to ease worries about the company's exposure to the ailing U.S. economy as it prepares to digest the second largest acquisition in its 69-year history.


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    Tue, 20 May 2008 22:53:03 GMT - Yahoo! News: Earnings News
    BJ's Wholesale quarterly profit rises 26 pct (Reuters)
    Reuters - BJ's Wholesale Club Inc , the No. 3 U.S. warehouse club operator, on Wednesday reported a 26 percent jump in quarterly profit, beating Wall Street expectations, as shoppers headed to its stores for discounts on food and fuel. -- read full article
    Wed, 21 May 2008 11:44:10 GMT - Yahoo! News: Earnings News
    Talbots operating profit tops view (Reuters)
    Reuters - Women's apparel retailer Talbots Inc posted higher-than-expected quarterly operating profit on Wednesday and affirmed its full-year forecast, sending its shares up 21 percent. -- read full article
    Wed, 21 May 2008 13:24:25 GMT - Yahoo! News: Earnings News
    BJ's Wholesale profit up 26 pct, boosts guidance (AP)

    In this May 22, 2007 file photo, a sales associate passes shopping carts at the BJ's Wholesale Club store in Framingham, Mass.  BJ's Wholesale Club Inc. reported a nearly 26 percent increase in its first-quarter profit and raised earnings expectations for the full year, Wednesday, May 21, 2008, reaping the benefits of a tough economy that's increasingly sending shoppers to discounters in search of deals. (AP Photo/Charles Krupa, file)AP - BJ's Wholesale Club Inc. reported a nearly 26 percent increase in its first-quarter profit and raised earnings expectations for the full year, reaping the benefits of a tough economy that's increasingly sending shoppers to discounters in search of deals.


    -- read full article
    Wed, 21 May 2008 14:31:36 GMT - Yahoo! News: Earnings News
    Lowe's posts lower Q1 results, trims year view (Reuters)

    Two customers enter at a Lowe's store in Burbank, California May 19, 2008. Retailer Lowe's Inc reported an 18 percent drop in first-quarter profit on May 19 as the slumping U.S. housing market and softer economy hurt sales, and it cut its full-year profit forecast. (Fred Prouser/Reuters)Reuters - Retailer Lowe's Cos Inc reported an 18 percent drop in first-quarter profit on Monday as the slumping U.S. housing market and soft economy hurt sales, and it cut its full-year profit forecast, sending its shares lower.


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    Mon, 19 May 2008 19:29:20 GMT - Yahoo! News: Earnings News
    Campbell profit hit by lower U.S. soup sales (Reuters)

    A Godiva Gold Ballotin box of chocolates is shown in an undated file photo. (Stringer/Reuters)Reuters - Campbell Soup Co posted lower quarterly operating earnings on Monday as U.S. soup sales fell and commodity costs rose, but net income jumped due to the sale of its Godiva chocolate business.


    -- read full article
    Mon, 19 May 2008 13:59:23 GMT - Yahoo! News: Earnings News
    Lowe's profit falls nearly 18 pct, lowers view (AP)
    AP - If you are looking for a sign the economy is still in need of repair, you can find it at Lowe's Cos. -- read full article
    Mon, 19 May 2008 20:39:26 GMT - Yahoo! News: Earnings News
    Campbell profit up on Godiva sale, adjusted earns fall (AP)
    AP - Declining soup sales and higher prices for ingredients contributed to a difficult quarter for the Campbell Soup Co., even though a gain on the sale of its Godiva Chocolatier brand sweetened its bottom line. -- read full article
    Mon, 19 May 2008 20:41:56 GMT - Yahoo! News: Earnings News
    Home Depot posts lower quarterly profit (Reuters)

    A truck pulls into the parking lot of a Home Depot store in a suburb of Denver, Colorado May 17, 2005. (Rick Wilking/Reuters)Reuters - Retailer Home Depot Inc reported a lower quarterly profit on Tuesday as the U.S. housing meltdown hurt sales and it took charges tied to store closures and a new-store pullback.


    -- read full article
    Tue, 20 May 2008 10:11:42 GMT - Yahoo! News: Earnings News
    Sustained slump in housing cuts into Home Depot 1Q (AP)
    AP - The Home Depot Inc. reported a 66 percent drop in first-quarter profit Tuesday due to a large one-time charge and continued weakness in the housing market. -- read full article
    Tue, 20 May 2008 11:05:24 GMT - Yahoo! News: Earnings News
    Abercrombie & Fitch posts higher profit (Reuters)
    Reuters - Teen apparel retailer Abercrombie & Fitch Co reported higher quarterly profit on Friday, helped by higher sales in all its chains and better gross profit. -- read full article
    Fri, 16 May 2008 11:19:24 GMT - Yahoo! News: Earnings News
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