Pep Boys Stock Down After Earnings Miss
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Shares of auto parts retailer Pep Boys-Manny, Moe & Jack  fell 10 percent on Thursday, a day after it said earnings dropped 48 percent last quarter on more struggles in its service operations, missing estimates.
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Public Service Enterprise Group  PEG.N, which announced an agreement to be acquired by Exelon  Corp. EXC.N in December, on Thursday posted lower fourth  quarter earnings due to a lower contribution from PSEG Power.
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Caterpillar Inc. CAT.N reported  lower-than-expected quarterly earnings on Thursday as higher  raw material prices and retirement benefits hurt profit,  sending its shares down nearly 5 percent.
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Sales were lower than expected, and the quality of earnings is in question.
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Pepsi Bottling Group Inc  on Thursday gave a 2008 earnings forecast that fell short of most Wall Street estimates.
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Pepsi Bottling (PBG:NYSE - news - research) Monday reaffirmed in-line 2004 earnings but its 2005 outlook disappointed. The Somers NY-based company sill it still expects 2004 EPS of $1.71 to $1.74 a share, vs.
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Leading shares ended weaker, with the FTSE 100 index drifting back below the 4,700 level as the impact of Wall Street's early rally was tempered by a rise in Brent crude to 50 dollars a barrel for the first time, and by weakness in supermarket giant Sainsbury following yet another profit warning, dealers said.
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Pepsi Bottling Group Inc  forecast 2008 earnings on Thursday that fell short of most Wall Street estimates, due in part to its expectation raw material prices such as corn and aluminum will keep rising.
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- California utility PG&E Corp.  on Thursday posted lower earnings in the fourth quarter compared with the year-ago period.
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U.S. stocks fell on Friday dragged  down by a string of negative reports from drug makers, with  Pfizer Inc. PFE.N, AstraZeneca Plc. AZN.L and Eli Lilly and  Co. LLY.N delivering bad news about key products.
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Brown Shoe Co. Inc. (BWS.N: Quote, Profile, Research) on Wednesday posted a 32 percent drop in quarterly earnings, hurt by slack sales from its children&#39;s unit, Bass wholesale business and Naturalizer chain.
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Caterpillar Inc. CAT.N reported  lower-than-expected quarterly earnings on Thursday as higher  raw material prices and retirement benefits hurt profit,  sending its shares down more than 5 percent.
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U.S. apparel chains, which are already  suffering from slow back-to-school spending, on Wednesday saw  their shares take a hit from a rating downgrade of industry  leader Gap Inc. GPS.N
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UK stocks including J Sainsbury Plc, Britain&#39;s third-largest supermarket chain, fell. The company said first-half earnings fell by as much as 66 percent as it lost market share.
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Shares of eBay fell nearly 12 percent in after-hours trading because its quarterly earnings missed Wall Street's expectations by a penny a share.
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Shares fell as Caterpillarâs disappointing profit fueled caution over the economy, while a pullback in crude oil prices from a record high hurt shares of energy companies.
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Shares of Priceline.com (PCLN:Nasdaq - news - research) dropped 6% late Tuesday after the company met earnings estimates but fell short on the revenue line.