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Earnings Announcements

  • Rite Aid cuts full-year profit forecast for second time Thursday, 18 Sep 2014 | 7:27 AM ET

    Sept 18- Rite Aid Corp, the third largest U.S. drugstore chain, cut its full-year profit forecast for the second time this year as lower margins from its pharmacy business continue to eat into earnings. Rite Aid shares fell nearly 9 percent in premarket trading on Thursday after the company also shaved the top end of its sales forecast.

  • Green Dot lowers full-year forecasts Thursday, 18 Sep 2014 | 6:51 AM ET

    PASADENA, Calif.— Green Dot is lowered its full-year profit and revenue expectations, citing an acquisition of a tax refund company and rising expenses in its core business this year. Green Dot now expects adjusted earnings between $1.25 and $1.29 per share. Previously, Green Dot Corp. anticipated $1.37 to $1.41 per share.

  • ABU DHABI/ DUBAI, Sept 18- Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 percent increase in first-half profit, aided by higher income from joint ventures and one-off gains.

  • Sept 18- Business research and information firm IHS Inc reported a better-than-expected adjusted quarterly profit helped by revenue growth in its subscription business in America and Europe. IHS forecast an adjusted profit of $5.70 to $5.80 per share and revenue of $2.23 billion to $2.24 billion for the full year ending Nov. 30.

  • ABU DHABI/ DUBAI, Sept 18- Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 percent increase in profit for the first half of 2014, aided by higher income from its joint ventures.

  • Sony must learn from Apple: Pro     Wednesday, 17 Sep 2014 | 6:24 PM ET

    Rob Enderle, President and Principal Analyst at Enderle Group, says Sony needs to rebuild itself like Apple did in the late 90s.

  • Steel Dynamics gives solid 3Q forecast Wednesday, 17 Sep 2014 | 5:27 PM ET

    NEW YORK— Steel Dynamics forecast a strong third-quarter profit on Wednesday, citing increased shipments and solid demand from key markets. Steel Dynamics bought the Ohio mini-mill from Russian steelmaker OAO Severstal for $1.63 billion.

  • Pier 1 misses Street 2Q forecasts Wednesday, 17 Sep 2014 | 4:27 PM ET

    FORT WORTH, Texas— Pier 1 Imports Inc. on Wednesday reported net income of $9.2 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. Analysts expected $427.3 million, according to Zacks.

  • It opened its first flagship store in New York City's chic Soho neighborhood in 2006. With the addition this week of a new location in Wayne, New Jersey, the company- owned by the world's fourth-largest fashion retailer, Fast Retailing Co- now operates 26 U.S. stores.

  • Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.

  • *Cost cutting to help save $100 mln by 2014. Sept 17- General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.

  • US Steel shares jump after 3Q outlook update Wednesday, 17 Sep 2014 | 11:16 AM ET

    The Pittsburgh company said it expects a big improvement in its third-quarter operating income from its reportable segments and other businesses. Steel said it will provide about $165 million in secured, debtor-in-possession financing to U.S. Steel Canada Inc., which will allow the business to continue operating as it explores the restructuring.

  • FedEx better positioned than UPS: Analyst     Wednesday, 17 Sep 2014 | 10:53 AM ET

    Discussing how to play FedEx after the company's Q1 earnings surge, with Christian Wetherbee, Citi transportation analyst. Wetherbee says going into the holiday season FedEx is positioned to go after a better mix of business.

  • Sept 17- Lennar Corp, the second largest U.S. homebuilder, reported a better-than-expected 47 percent jump in quarterly profit as it sold more homes at higher prices, and its shares rose as much as 6 percent in premarket trading.

  • Steelmaker Nucor forecasts higher third-quarter profit Wednesday, 17 Sep 2014 | 9:14 AM ET

    Sept 17- Steelmaker Nucor Corp said it expects higher third-quarter profit, citing a rise in profitability from some steel products. The company forecast third-quarter profit of 70- 75 cents per share. It posted a profit of 46 cents per share for the third quarter last year.

  • Cramer: FedEx nailed it     Wednesday, 17 Sep 2014 | 9:09 AM ET

    CNBC's Jim Cramer breaks down the quarterly numbers for FedEx. Cramer says FedEx has a beautiful quarter and it's what investors want to see.

  • Sept 17- General Mills Inc reported lower-than-expected quarterly profit and revenue as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.

  • Lennar beats Street 3Q forecasts Wednesday, 17 Sep 2014 | 8:23 AM ET

    MIAMI— Lennar Corp. on Wednesday reported fiscal third-quarter net income of $177.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Analysts expected $1.94 billion, according to Zacks.

  • UPDATE 1-FedEx profit beats estimates as shipments rise Wednesday, 17 Sep 2014 | 8:20 AM ET

    Sept 17- FedEx Corp reported a better-than-expected 24 percent jump in quarterly profit as the world's No. 2 package delivery company benefited from higher shipment volume. The company's net income rose to $606 million, or $2. l0 per share, in the first quarter ended Aug. 31, from $489 million, or $1.53 per share, a year earlier.

  • Another 'solid' quarter for FedEx: Pro     Wednesday, 17 Sep 2014 | 8:16 AM ET

    Donald Broughton, Avondale Partners, breaks down the shipping company's fiscal first quarter results which beat on both the top and bottom line.