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US Q2 in brief: Dollar General, Burlington Stores, Destination Maternity

2015-07-30 18:29:00| Daily apparel & textile news and comment - from just-style.com

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. Dollar General posted increases in earnings and sales, including apparel, Burlington Stores has raised its full-year guidance after returning to profit, and PVH Corp revealed results that beat its expectations, upping its full-year guidance. However, Destination Maternity lowered its full-year outlook after swinging to a loss, and Guess saw both earnings and sales fall in the quarter. 

Tags: general stores destination dollar

 

Infineon profit slips, revenue gets dollar boost

2015-07-30 12:27:18| Semiconductors - Topix.net

German chip maker Infineon Technologies AG on Thursday reported a decline in third-quarter earnings due to expenses, but revenue increased on the year driven by a strong dollar and double-digit growth in all its segments. Net profit for the quarter fell to 109 million euros from EUR143 million a year earlier.

Tags: profit dollar revenue boost

 
 

UPDATE 1-Rockwell Automation revenue drops on strong dollar

2015-07-29 19:35:40| Industrial Machines - Topix.net

Rockwell Automation Inc, which makes automation systems that help factories run smoothly, reported a 4.5 percent fall in quarterly revenue, hurt by a strong dollar and slowing industrial production growth. Rockwell, which gets about 48 percent of its annual revenue from outside the United States, tightened its 2015 adjusted earnings forecast to $6.55-$6.70 per share, from $6.50-6.80.

Tags: update strong dollar revenue

 

Fresh Del Monte results flat as dollar weighs

2015-07-28 16:31:46| Agriculture - Topix.net

Fresh Del Monte Produce Inc. said Tuesday that its revenue and earnings were largely flat in the latest quarter as the sales in the company's banana business were offset by currency headwinds and weather issues. "We are pleased to report solid second-quarter results despite the negative year-over-year exchange rates in Europe and Asia, and weather-related issues that impacted production for some of our products," said Mohammad Abu-Ghazaleh, chief executive of the company.

Tags: results del flat fresh

 

Ecolab sales down 5% on dollar, weak energy prices

2015-07-28 16:18:22| Chemicals - Topix.net

For the current quarter, the company forecast per-share earnings of $1.24 to $1.31, mostly below estimates of analysts polled by Thomson Reuters for per-share profit of $1.31. For the latest quarter, Ecolab reported revenue decreased to $3.39 billion, below analysts' expectations for $3.48 billion.

Tags: sales prices energy dollar

 

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