AP - J.C. Penney Co. reports earnings for the second quarter on Friday before the market opens. The following is a summary of key developments and analyst opinion related to the period. -- read full article
AP - Data storage provider NetApp Inc. said Wednesday its fiscal first-quarter profit and sales climbed amid solid customer demand despite the economic downturn. -- read full article
AP - TechTarget Inc., which sells marketing services and products to information technology companies, said Wednesday its second-quarter profit shrank by nearly half as operating expenses jumped 39 percent. -- read full article
AP - Wireless service provider Virgin Mobile USA Inc. said Wednesday its second-quarter profit dropped sharply as revenue declined and the company lost net subscribers. -- read full article
AP - Hospital software provider MedAssets Inc. said Wednesday that it lessened its second-quarter loss as an acquisition of a privately held software company helped boost sales. -- read full article
AP - Spreadtrum Communications Inc., a Chinese technology company that has shares listed in the U.S., reported second-quarter profit Wednesday that narrowly missed projections. -- read full article
AP - Korean Air Lines Co. posted a second-quarter net loss amid soaring fuel costs and a weak South Korean currency, it said Thursday. -- read full article
Reuters - Soft drink maker Dr Pepper Snapple
Group Inc reported lower second-quarter profit on
Wednesday, hurt by charges from its separation from Cadbury Plc
. -- read full article
AP - ING Groep NV, the Dutch insurer and bank, said Wednesday its second quarter earnings fell 25 percent, mostly due to smaller gains on investments. -- read full article
AP - Macy's Inc.'s saw its second-quarter earnings drop slightly and warned on Wednesday that full-year profits will be below Wall Street expectations as shoppers are more cautious about spending.
AP - Deere & Co., the world's largest of maker of farm machinery, said Wednesday third-quarter profit rose 7 percent as high crop prices spurred stronger sales of tractors and harvesting equipment.
Reuters - Macy's Inc reported a 1.4
percent decline in quarterly profit and cut its fiscal-year
earnings forecast, warning that cutbacks in U.S. consumer
spending could push sales down further at its stores.
AP - Tribune Co. plunged to a $4.53 billion loss in the second quarter after taking a $3.84 billion charge to write down the book value of its newspaper brands. -- read full article
Reuters - Applied Materials Inc ,
the No. 1 computer-chip equipment maker, posted a lower
quarterly profit as revenue slid 28 percent amid a slump in its
industry.
AP - TJX Cos., which operates the T.J. Maxx and Marshalls stores, said Tuesday that its second-quarter profits more than tripled from a year ago when the discount fashion retailer digested a charge for a widely publicized security breach.
