Pep Boys Stock Down After Earnings Miss
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Shares of auto parts retailer Pep Boys-Manny, Moe &amp; Jack (PBY.N: Quote, Profile, Research) fell 10 percent on Thursday, a day after it said earnings dropped 48 percent last quarter on more struggles in its service operations, missing
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Wall Street stocks were set for a weak start on Wednesday, after contained consumer inflation pressure in June was unable to offset a string of lacklustre earnings reports.
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The company reports mediocre earnings as investors remain nervous about the drug sector.
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Bond prices fell Friday, as stocks were modestly lower in the wake of an uninspiring government job report. The price of the benchmark 10-year Treasury note fell 19/32 point, or $5.
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Food company's stock drops on weak 2008 guidance.
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The results fell widely short of Wall Street estimates and the company declined to provide earnings guidance for the next quarter.
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Profit at PG&amp;E Corp. fell 55.3 percent in the most recent quarter, a drop the company blamed Tuesday on a lingering effect of California&#39;s energy crisis.
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Shares of Sharper Image Corp. SHRP.O  fell 14.7 percent before the bell on Monday after specialty  retailer lowered its earnings estimates after reporting  weaker-than-expected holiday sales.
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Slashed earnings estimate pulls down shares.
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The Dow closed down 366.94  today as earnings reports from Wachovia and Caterpillar disappointed investors.
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Oil giant BP Plc  posted a lower-than-expected 12 percent drop in fourth-quarter profit on Tuesday as production fell and taxes rose but investors were disappointed by scaled back growth plans and rising costs.
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Despite another win, the armored vehicle maker's stock falls.
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U.S. Treasury prices fell on Tuesday in  profit-taking after a weaker-than-expected consumer confidence  index failed to punch key yields below recent lows.
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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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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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Stocks fell on Tuesday after a weak outlook from Procter & Gamble, disappointing earnings from U.S. Steel and a report showing consumer confidence at a two-year low fueled worries about the economy, consumer spending and corporate profits.
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Leading shares closed lower as Wall Street remained weaker after investors received mixed news on US housing data, with Tesco remaining down in the blue chips following disappointing first-quarter UK sales growth.