Pearson net profit falls by almost a third
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Pearson, publisher of the Financial Times and Penguin Books, said on Monday that its net profit dropped by 28.5 percent to 446 million pounds in 2006.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Gap says profit was lower for the past three months of the year, hurt by the costs of closing its Forth & Towne arm.
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Loews Corp  said on Monday third-quarter profit fell 12.5 percent, as the cost of a legal settlement at its CNA Financial Corp  unit offset improved results in tobacco and drilling operations.
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Sears, Roebuck and Co. on Thursday  said quarterly profit fell sharply compared with a year  earlier, when the department store operator had a gain from the  sale of its credit card business, but the profit topped  forecasts as the retailer slashed costs.
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No. 3 drug chain posts sharp drop in earnings, and slashes guidance again.
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3Com Corp. COMS.O, a smaller rival of  telecommunications equipment maker Cisco Systems Inc. CSCO.O,  on Friday lowered its revenue and gross margin forecasts for  its fiscal first quarter, sending its shares down more than 10  percent.
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3M Co  said on Tuesday fourth-quarter earnings fell as last year's results included a gain for selling a business.
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The diversified manufacturer 3M posted a weaker-than-expected quarterly profit and said global economic growth was slowing, setting off a 5.1 percent decline in its share price.
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PITTSBURGH, Oct. 30  â United States Steel said Tuesday that its third-quarter profit fell 35 percent, hurt by lower prices, shipments and costs related to raw materials and a recent acquisition.
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Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported third-quarter earnings fell by a third from a year ago due to tax charges.
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Texas Instruments Inc.  posted a lower quarterly profit on weak demand for its calculators, and gave a disappointing revenue forecast for the third quarter, sending shares down 3 percent on Monday.
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Royal Bank of Canada reported a 5-per-cent drop in third-quarter profit yesterday mainly because of continued weakness in its US operations.
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UTStarcom Inc. on Tuesday said its third-quarter profit plummeted, but beat Wall Street expectations. The networking products company reported earnings of $5 million, or 4 cents per share, down from $59.
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In a Feb. 1 story about Electronic Arts Inc.'s earnings, The Associated Press reported erroneously that third-quarter sales had dropped 38 percent. It was profits that dropped by that margin.
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Cott Corp. BCB.TO COT.N, the  world's largest maker of store brand drinks, reported a 14  percent fall in third-quarter earnings and cut its year profit  outlook on  Wednesday as U.S. growth drove up costs.
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3Com Corp. , a smaller rival of telecommunications equipment maker Cisco Systems Inc. , on Friday lowered its revenue and gross margin forecasts for its fiscal first quarter, sending its shares down more than 10 percent.