SEATTLE, Aug 21- U.S. airlines more than doubled their net profit margin in the first half of the year as revenue rose nearly three times faster than costs, trade group Airlines for America said on Thursday. Net profit at the airlines rose to $3.8 billion, up from $1.6 billion in the prior-year period.
CHARLOTTE, N.C.— Cato Corp. on Thursday reported fiscal second-quarter profit of $15.7 million, or 56 cents per share. The company, based in Charlotte, North Carolina, posted revenue of $246.5 million in the period. This story was generated automatically by Automated Insights using data from Zacks Investment Research.
MIAMI— Perry Ellis International Inc. on Thursday reported a loss of $1.6 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. Perry Ellis released its full-year outlook.
CNBC's Jon Fortt and Dennis Berman of The Wall Street Journal, discuss Hewlett-Packard's turnaround and if they could be jumping in the M&A marketplace.
Sanford C. Bernstein analyst Toni Sacconaghi, has an outperform on Hewlett-Packard and explains why he has raised his price target. Sacconaghi says Whitman stabilized the company and has done a nice job focusing on cash flow.
NEW YORK— U.S. stocks are opening higher, pushing the Standard& Poor's 500 index closer toward another record high. Hormel Foods rose 4 percent. The maker of Spam, Dinty Moore stew and other products reported higher profits in its latest quarter.
CNBC's David Faber speaks to Meg Whitman, Hewlett-Packard CEO, about the company's M&A position. We are now in a place where we can comfortably do M&A, but want to be thoughtful about it, says Whitman.
Meg Whitman, Hewlett-Packard CEO, discusses HP's 3-D printing plans. Whitman says HP is doing 3-D printing, but going to take the enterprise side rather than the consumer side.
Hewlett-Packard CEO Meg Whitman, addresses the lack of revenue growth in HP's printing business. Whitman says she sees stabilization in ink & toner, and HP is now the leader in multifunction printers.
CNBC's David Faber speaks to Hewlett-Packard CEO Meg Whitman, about the company's turnaround plan and revenue growth. Whitman says we have work to do to grow the software business.
SECAUCUS, N.J.— Shares of The Children's Place rose nearly 5 percent Thursday after the retailer reported a narrower loss in its second quarter and increased the lower end of its earnings outlook for the year. The company also said it signed a deal to bring its stores to India.
KEARNEY, Neb.— Buckle Inc. on Thursday reported profit of $24.5 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. This story was generated automatically by Automated Insights using data from Zacks Investment Research.
Dollar Tree reported a 2.6 percent fall in quarterly profit as costs increased.
RICHMOND, Va.— Dollar Tree Inc. said Thursday its second-quarter profit fell more than 2 percent on costs related to its planned acquisition of rival discounter Family Dollar even though shoppers spent more at its discount stores.
Aug 21- Dollar Tree Inc reported a 2.6 percent fall in quarterly profit as costs increased. Net income fell to $121.5 million, or 59 cents per share, in the second quarter ended Aug. 2 from $124.7 million, or $1.25 per share, a year earlier. Dollar Tree, which operates the Dollar Tree, Deal$ and Dollar Bills stores, agreed to buy Family Dollar Stores Inc in July.
The company, controlled by hedge fund manager Eddie Lampert, said quarterly revenue fell 9.7 percent, reflecting the impact of the separation of its Lands' End clothing business, store closures and sales declines at Sears Canada Inc..
Some of the names on the move ahead of the open.
The maker of Spam, Dinty Moore stew and other products earned $138 million, or 51 cents per share, for the period ended July 27. Revenue for the Austin, Minnesota company rose 6 percent to $2.28 billion from $2.16 billion.
HOFFMAN ESTATES, Ill.— Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. Sears, controlled by billionaire hedge fund investor Edward Lampert, lost $573 million, or $5.39 per share, for the period ended Aug. 2.
David Pearl, executive vice president and co-CIO at Epoch Investments Partners, comments on Hewlett Packard's earnings and says the stock has "limited upside at best".