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Urban Outfitters profit falls 9.5%

2015-03-10 00:07:13| Apparel - Topix.net

Urban Outfitters Inc. said its earnings fell 9.5% as stronger sales were offset by increased expenses and weaker margins, which were mostly caused by higher markdowns during a highly promotional holiday quarter for retailers. Shares rose 2.9% to $40.64 in recent after-hours trading as per-share earnings beat expectations and Urban Outfitters Chief Executive Richard Hayne offered a sign of encouragement for the current quarter.

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United Natural stock falls after profit view cut

2015-03-09 23:52:54| Food - Topix.net

United Natural Foods Inc. said its sales jumped a bigger-than-expected 23% in its January quarter, but the company slashed its guidance as a declining Canadian dollar offset strong consumer demand for natural and organic food. The Providence, R.I.-based company, which is Whole Food Market Inc.'s primary supplier, distributes natural, organic and specialty products across the U.S. and Canada through its 29 distribution centers.

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Encana operating profit falls on low gas volumes, oil prices

2015-02-26 04:57:05| Oil & Gas - Topix.net

Encana Corp , Canada's largest natural gas producer, reported an 84.5 percent drop in operating profit for the fourth quarter, hurt by a fall in natural gas production and weak oil prices. The Calgary-based company's operating profit, which excludes most one-time items, fell to $35 million, or 5 cents per share, in the three months ended Dec. 31, from $226 million, or 31 cents, a year earlier.

Tags: low prices operating gas

 

General Motors 2014 profit falls 26 pct. to $2.8B, would have had big year without recalls

2015-02-04 16:27:20| Automakers - Topix.net

Even with $2.8 billion in pretax costs to fix more than 30 million recalled vehicles and $400 million set aside for death and injury claims, GM still managed to turn a $2.8 billion profit. That's because otherwise, most of the stars lined up well for the Detroit automaker.

Tags: year general without big

 

Lenovo profit falls 5 percent after Motorola acquisition

2015-02-03 06:05:46| IT Services - Topix.net

A winter storm is bringing its fury to the Northeast on Monday, causing the cancellation of flights, classes and major court cases a day after it dumped up to a foot-and-a-half of snow on the Chicago area and... Boston scrambled to dig out Monday from the second major winter storm in a week and delayed a celebratory Super Bowl parade, and forecasters from Philadelphia to Portland, Maine, warned that "flash freezing" could make... A San Diego man charged with running a revenge-porn site where people posted nude pictures of their exes has been convicted of more than two dozen felony charges.

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