Dec 12- Network equipment maker Ciena Corp reported a lower-than-expected quarterly profit as costs rose 20 percent, sending its shares down 8 percent before the bell. Ciena's net loss narrowed to $9.8 million, or 9 cents per share in the fourth quarter, from $38.8 million, or 39 cents per share, a year earlier.
Dec 12- Canadian travel operator Transat AT Inc's quarterly profit more than tripled as better pricing boosted margins. The company's net profit rose to C $54.7 million, or C $1.40 per share, in the fourth quarter ended Oct. 31 from C $16.6 million, or 43 Canadian cents per share, a year earlier. Revenue rose 6 percent to C $808.6 million.
BRP, which was spun off from Bombardier Inc in 2003, listed on the Toronto Stock Exchange in May. The company's competitors include Arctic Cat Inc, Polaris Industries Inc and Yamaha Motor Co Ltd.. The company's shares closed at C $26.83 on the Toronto Stock Exchange on Wednesday.
GENEVA, Dec 12- Airlines lobby group IATA has raised its forecast for airline profits this year by 10 percent and predicted passenger numbers topping 3 billion for the first time, reflecting lower jet fuel costs, improved efficiency and global economic growth.
Dec 12- Ski-Doo snowmobile maker BRP Inc, which was spun off from Bombardier Inc in 2003, reported a nearly 50 percent rise in quarterly profit, driven by strong shipments of snowmobiles worldwide.
GENEVA, Dec 12- Global airline profits will total $12.9 billion in 2013 and a record $19.7 billion next year due to lower jet fuel costs and improved efficiency, the International Air Transport Association said on Thursday.
*Hopes for U.S. economic recovery, softer yen seen lifting index. *Market expects rising corporate profits. TOKYO, Dec 12- A weaker yen is forecast to help boost corporate earnings and drive Japan's Nikkei to double-digit gains next year, a Reuters poll found on Thursday.
NEW YORK-- Shares of Smith& Wesson Holding Corp. rose Wednesday after the gun maker reported better-than-expected results for its most recent quarter and issued a strong outlook for the current period. For the third quarter, the company expects earnings between 28 cents per share and 30 cents per share and revenue between $140 million and $145 million.
CNBC's Jane Wells reads the fine print of the Congressional Budget Office report and reveals the CBO broke the country into five tiers of wage earners. The top 20 percent pay nearly 93 percent of all income taxes, according to the report. At the same time, their incomes are growing far faster than everyone else.
Dec 11- Hudson's Bay Co cut its 2013 outlook on Wednesday on expectations of heavier holiday discounting and as overall sales were weaker than expected in the third quarter, depressing the retailer's stock 5 percent. Excluding acquisition-related and restructuring costs, Hudson's Bay reported earnings that fell short of analysts' expectations.
Lululemon said it expects flat same-store sales in the crucial fourth quarter, sending its shares sharply lower.
Costco shares drop on an earnings miss. Ian Gordon, S&P Capital IQ equity research analyst, and Joe Feldman, Telsey Advisory Group assistant director of research, discuss Costco's core business and plans for expansion.
Dec 11- Delta Air Lines Inc said on Wednesday it expects pretax profit excluding one-time items of $2.6 billion this year, up 70 percent from $1.6 billion for 2012.. The U.S. carrier told an investor meeting that was broadcast over the Internet that net debt would fall to $9.6 billion in 2013 from $11.7 billion last year.
*First quarter earnings/share $0.96 vs est $1.02. Dec 11- Costco Wholesale Corp reported a first-quarter profit and sales that fell short of analysts' estimates, hurt by a rise in operating expenses. Profit rose to $425 million, or 96 cents per share, in the first quarter ended Nov. 24 from $416 million, or 95 cents per share, a year earlier.
The "Squawk on the Street" team discuss the Costco earnings miss and where the wholesale company is hitting and missing.
Dec 11- Canadian department store operator Hudson's Bay Co reported a lower-than-expected adjusted quarterly profit due to higher expenses, but same-store sales at its Lord& Taylor chain in the United States returned to growth. Excluding acquisition-related and restructuring costs, Hudson's Bay earned C $8.9 million, or 7 Canadian cents per share.
NEWS: The mining company Joy Global's fiscal fourth-quarter net income tumbled 87 percent, stung by a large charge related to its branding initiative. DETAILS: The Milwaukee- based company's total bookings fell 19 percent to $1.1 billion in the quarter. NUMBERS: Joy Global Inc. earned $26.8 million, or 25 cents per share, for the period ended Oct. 25.
Dec 11- Mining equipment maker Joy Global Inc forecast 2014 earnings below analysts' estimates after reporting a quarterly profit that fell short of expectations as miners cut spending. Coal miners, who account for about two-thirds of Joy Global's revenue, have cut back on buying equipment as they struggle with a supply glut and weak prices.
Some of the names on the move ahead of the open.
Dec 11- Canadian department store operator Hudson's Bay Co posted a bigger third-quarter net loss, mainly due to costs related to its acquisition of U.S. retailer Saks, but reported slightly higher same-store sales from its Lord& Taylor chain. Consolidated sales of Hudson's Bay rose 6 percent to C $984.1 million.