Marriott profit falls 5 pct, but tops view
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Marriott International Inc.  on Thursday said its third-quarter net income fell 5 percent on flat sales, but the top U.S. hotel operator's profit still beat Wall Street expectations.
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Dow Chemical Co  on Tuesday reported a drop in quarterly profit that was not as steep as analysts had expected as growth overseas helped offset weak housing and auto markets and spiraling energy and raw material costs.
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WASHINGTON  â The hotel operator Marriott International said Thursday that its fourth-quarter earnings fell 20 percent, hurt by the closing of its synthetic fuel business.
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Financial services company State Street  Corp. STT.N on Tuesday said quarterly profit fell more than  Wall Street had expected as foreign exchange and securities  lending revenue declined, and its shares fell 8.5 percent.
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The home-furnishings retailer reports lower earnings but beats expectations.
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Retailer Macy's Inc.  cut its quarterly profit outlook on Thursday as June same-store sales came in lower than expected, and its shares fell nearly 4 percent.
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Bethesda-based Host Marriott, which owns hotel properties under names including Marriott, The Ritz-Carlton, Four Seasons and Hyatt, reports smaller losses for its latest quarter and higher revenue from year-ago results.
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Lehman Brothers Holdings Inc.   posted a 3.2 percent decline in quarterly earnings on Tuesday  as the U.S. investment bank wrote down mortgage and leveraged  loan assets, but the results beat expectations and its shares  jumped before the market opened.
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Marriott International Inc. , the largest U.S. hotel operator, on Thursday said third-quarter profit rose 45 percent as business travel continued to perk up after three years of stagnation.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped by a third  on sharply lower bond trading revenue and higher expenses,  falling well short of Wall Street's low expectations and  pushing the company's shares down as much as 8 percent.
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Berkshire Hathaway Inc. (BRKa.N: Quote, Profile, Research) , the wide-ranging conglomerate run by billionaire investor Warren Buffett, said on Friday third-quarter profit fell sharply
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Kimberly-Clark Corp. KMB.N on Monday  posted higher third-quarter profit but fell short of Wall  Street expectations as it dealt with price competition and  higher raw material costs, sending its shares down 5 percent
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Marriott International said its second-quarter profits rose a better-than-expected 11 percent, but shares were down on concerns about slowing growth.
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Shares in the bank, the second largest in China, fell 5.4 percent in Hong Kong a day after it reported holding almost $9.7 billion in securities backed by subprime mortgages.
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The largest U.S. mortgage lender said quarterly profit slid 33 percent and slashed its full-year earnings outlook, citing rising defaults as the housing market slumps.
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Marriott International Inc. MAR.N,  the largest U.S. hotel operator, on Thursday said third-quarter  profit rose 45 percent as business travel continued to perk up  after three years of stagnation.
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WASHINGTON -- Hotel operator Marriott International Inc. said Thursday that its second quarter earnings rose 11 percent on strong demand for rooms and gains in fees paid by franchisees.