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Earnings Announcements

  • MADRID, June 11- Net profit at the world's largest clothing retailer Inditex dropped 7.3 percent in the first quarter, its sharpest drop in five years, after a strong euro hit the Zara owner in some of its most lucrative markets.

  • RadioShack burns through cash as turnaround fails Tuesday, 10 Jun 2014 | 4:26 PM ET

    RadioShack reported its ninth straight quarterly loss and is burning through cash as its struggles to sustain its turnaround efforts.

  • June 10- Touchscreen chipmaker Synaptics Inc said it agreed to buy Japanese display chipmaker Renesas SP Drivers Inc for $475 million to expand its product offerings. Synaptics said the deal is expected to close in the fourth quarter and immediately add to adjusted profit.

  • PARIS, June 10- Steel pipes maker Vallourec warned on Tuesday that core profit would drop 10 percent this year as customers- mainly Brazilian state oil company Petrobras- run down inventories to save money.

  • Vallourec warns on profit as Petrobras cuts pipe stocks Tuesday, 10 Jun 2014 | 11:49 AM ET

    PARIS, June 10- Steel pipes maker Vallourec warned core profit would be 10 percent lower in 2014 compared with 2013' s 920 million euros as customers- mainly Brazilian state oil company Petrobras- run down inventories to save money.

  • *Raises full-year profit forecast to $1.05- $1.17/ share. The company said it expects earnings of $1.05- $1.17 per share on revenue of $387- $399 million, assuming comparable-store sales would remain flat at best for the year ending Jan. 31. It had previously forecast earnings of $1.16- $1.31 per share on revenue of $391- $409 million.

  • The company said it expects earnings of $1.05- $1.17 per share on revenue of $387- $399 million assuming a low single-digit decrease to flat comparable sales for the year ending Jan. 31. It had previously forecast earnings of $1.16- $1.31 per share on revenue of $391- $409 million.

  • Early movers: BEAV, KORS, S, FB, SNE, TWX & more Tuesday, 10 Jun 2014 | 7:49 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Retailer Francesca's profit drops 21 pct Tuesday, 10 Jun 2014 | 7:43 AM ET

    June 10- Women's apparel retailer Francesca's Holdings Corp reported a 21 percent drop in first-quarter profit as sales fell at its boutique due to a harsh winter and the company offered discounts to clear off an inventory pile-up.

  • June 10- U.S. electronics retailer RadioShack Corp reported a bigger quarterly loss, hurt by higher promotions in its smart phones and tablets business and weak sales of consumer electronics. The company's net loss widened to $98.3 million, or 97 cents per share, in the first quarter ended May 3 from $28.0 million, or 28 cents per share, a year earlier.

  • Early movers: TSN, AAPL, TIME, MRK & more Monday, 9 Jun 2014 | 7:54 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. The World Cup kicks off this week. Retail sales are coming and economists are keeping an eye on inflation. The E-3 gaming expo kicks off this week.

  • *Not changing business plan as result of Ukraine. MOSCOW, June 6- Russia's biggest lender Sberbank plans to keep its dividends at no less than 20 percent of net profit for the next five years after forecasting 2014 profit on par with last year's earnings despite a worsening economy and the Ukraine crisis.

  • June 6- Car rental company Hertz Global Holdings Inc said it would restate financial results for the past three years to correct accounting errors from 2011.. Hertz said its audit committee had concluded that financial statements for 2011 should no longer be relied upon.

  • Early movers: UPS, GPS, AIG, PNRA, MW, BAC & more Friday, 6 Jun 2014 | 7:32 AM ET

    Some of the names on the move ahead of the open.

  • Prada sales decline is surprising: Analyst     Thursday, 5 Jun 2014 | 11:36 PM ET

    Paul Swinand, Equity Analyst at Morningstar, highlights the strengths of the Italian luxury brand, which was unable to boost first-quarter retail sales.

  • June 5- J.M. Smucker Co forecast full-year profit above estimates as sales increased in its domestic consumer food business- which includes peanut butter and cooking oils- and despite rising coffee costs. The company, which also makes Jif peanut butter and Crisco oils, forecast full-year adjusted earnings of $5.95- $6.05 per share.

  • DETROIT, June 5- General Motors Co CEO Mary Barra and CFO Chuck Stevens on conference call with analysts:. *Says "no meaningful impact" on N. American sales due to switch. *CEO Barra says could have addtional recall related charges in Q2 but don't.

  • June 5- Drug retailer Rite Aid Corp estimated first-quarter profit much below analysts' expectations due to higher-than-expected drug costs and a bigger-than-expected fall in reimbursement rates. Rite Aid's shares fell as much as 14 percent on Thursday on the New York Stock Exchange.

  • UPDATE 1-J.M. Smucker sales forecast tops estimates Thursday, 5 Jun 2014 | 10:27 AM ET

    June 5- J.M. Smucker Co forecast full-year earnings largely above estimates and reported a better-than-expected quarterly profit as costs fell and sales increased in its domestic food business, which makes Jif peanut butter and Crisco oils.