Delhaize booked a decline in third-quarter earnings,which were hit by spending on pricing in Belgium and the US. The company announced today(7 November)that operating profit fell by 3%in the three months to the end of September,dropping ...
Tags: currency exchange, margins, tough market, price competitiveness
Hot Topic Inc. announced the sales results for its third fiscal quarter (13 weeks ended October 27, 2012). The company reiterated its third quarter earnings guidance of earnings per share in the range of $0.08 to $0.10. The company also ...
Tags: Apparel, sales results, sexy lingerie, Blackheart lingerie, accessories
Shares in cereal and snacks giant Kellogg rose today(1 November)after the Special K and Pringles owner reported better-than-expected third-quarter earnings. However,the US group still reported a slide in internal operating profit,which ...
Tags: Kellogg, cereal, snacks, Pringles, Third Quarter Result
Several organisations have expressed interest in buying the office products business of Avery Dennison following the collapse of the takeover deal by 3M. Avery Dennison CEO Dean Scarborough told an investor conference in the US last week ...
Tags: Avery Dennison, takeover deal, 3M
Downtown-based PPG Industries is sitting on about $2 billion in cash as it goes into the fourth quarter, which is usually a cash-generating quarter, said Chairman and CEO Charles Bunch, and how the coatings and specialty materials company ...
Tags: PPG Industries, Acquisitions, titanium dioxide raw material
DuPont Co. announced that it will eliminate 1,500 jobs after posting a smaller-than-estimated third-quarter profit DuPont reported third-quarter 2012 earnings from continuing operations were $0.32 per share versus $0.60 per share in the ...
US confectioner Hershey has raised its full-year profit outlook despite reporting a 10% drop in third-quarter earnings. In the three months to the end of September, net profit slumped 79.8% to US$176.7m, while EBIT fell 6% to $301.7m. ...
Tags: confectioner, Hershey, raised profit outlook, net profit, slumped
Iconix Brand Group Inc.announced that it has signed a definitive agreement to acquire the Umbro brand and related intellectual property assets from NIKE,Inc.for$225 million in cash.The transaction is expected to close by the end of the ...
Tags: Umbro, Iconix, sports apparel
PPG Industries reported third quarter 2012 net sales of $3.8 billion. Net income for the quarter was $339 million, including nonrecurring charges. Adjusted net income for the quarter, excluding the nonrecurring charges, was $348 million. ...
Tags: PPG Industries, automotive OEM, refinish coatings, Performance Coatings
Stanley Black & Decker (NYSE: SWK) said fiscal third-quarter earnings slipped as margins narrowed, triggering the power tool maker to revise its fiscal 2012 forecast. Net earnings attributable to shareholders fell to $115 million or 69 ...
Tags: Market View, power tool
Computerworld-Google today reported a drop in profit and revenue for the third quarter,an unexpected slip that highlighted an online industry still struggling to make money on a growing mobile market. Google's sagging earnings report ...
Tags: Google, profit, revenue, Sluggish Economy
Google surprised Wall Street today by prematurely releasing a lackluster earnings report hours ahead of schedule.The company's stock dove more than 9%before trading was suspended. In a filing with the U.S.Securities&Exchange ...
Tags: Google, shares, Wall Street, trading on NASDAQ
Siemens has shelved plans to float its lighting business,Osram,on the stock market and instead will spin off the company early next year,according to its chief executive Peter Loescher. The company's net profit of Euro 823 ...
Tags: Europe, Osram, Siemens, LED, Lights&Lighting
Underlying Sales Growth Remains Solid For the quarter,The Estée Lauder Companies reported net sales of$2.25 billion,a 4%increase compared with$2.17 billion reported in the prior-year quarter.Excluding the impact of foreign ...
Tags: Estee Lauder, net sales, foreign currency, net earnings
Cree Inc, a maker of LED lighting, reported a lower-than-expected quarterly profit and also gave a forecast for the current period that fell short of analysts' estimates, sending its shares down more than 5 percent. Fierce competition ...
Tags: Cree Inc