Dell 2nd-quarter profit sinks 17 percent, hurt by PC price cuts; stock dives
Aug 29 2008
Jessica Mintz August 28, 2008 - 7:13 p.m. (AP) - Computer maker Dell Inc. said Thursday its fiscal second-quarter profit fell 17 percent, hurt in part through PC price cuts. Both earnings and margins fell short of Wall Street estimates, and Dell shares plunged. For the three-month period that ended Aug. 1, Dell's proceeds dropped to $616 million, or 31 cents per share, from $746 million, or 32 cents per share in the same period last year. Excluding amortization and business realignment charges, Dell said it would have earned 33 cents per share. Analysts surveyed by Thomson Reuters had forecast ...
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FAA delays first slot auction at New York-area airport after airlines complain
Aug 29 2008
Joshua Freed August 28, 2008 - 6:52 p.m. (AP) - The Federal Aviation Administration's plan for slot auctions at Newark airport got stuck at the gate on Thursday, a victory for airlines who have fiercely opposed government sales of landing rights at some of the nationality's busiest airports. The airlines had asked the FAA's Office of Dispute Resolution for Acquisition to halt the auction planned by dint of. reason of Wednesday for two slots at Newark's Liberty airport, saying the FAA has no Congressional authority to sell the slots. The ruling put on Thursday does not address the merits of airline opposition ...
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Pet food chain PetSmart income drops, sales grow in second quarter
Aug 29 2008
The Associated Press August 28, 2008 - 6:15 p.m. PHOENIX, Ariz. - PetSmart Inc. said Thursday its profit slipped more than 20 by cent in the second quarter even taken in the character of sales grew. The company reported net income of US$37.2 million, or 30 cents per share, for its take part by fiscal fourth part. That compares with net income of $47.1 million, or 35 cents per partake, in the same quarter of last year, which included a $6.7 million benefit from a one-time event. Comparable store sales, a key indicator of a retailer's soundness, grew 4.0 per cent in the second locality. Total ...
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Sears’ 2Q profit, same-store sales slide as retailer struggles to attract customers
Aug 29 2008
Ashley M. Heher August 28, 2008 - 2:56 p.m. CHICAGO (AP) - Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit considered in the state of sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere. The company led by means of manager of revenue Edward Lampert also delivered a downbeat outlook, predicting sales and gross profit margins will feel continued pressure from the drowsy economy. The performance — the latest in a string of dismal news for the Hoffman Estates-based operator of Sears and Kmart supplies, left some analysts unimpressed. ...
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