Bob Evans 2Q Earnings Tumble 41 Percent
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Shares of Bob Evans Farms Inc. fell Monday after the family restaurant chain reported Tuesday that second-quarter earnings fell 41 percent because of soft same-store sales and higher food and labor costs.
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The price of shares in on-line gambling website Sportingbet have tumbled 41 percent when trading in the stock was resumed after suspension last week owing to the arrest of the company's chairman.
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NEW YORK JPMorgan Chase, the second-largest US bank, has surprised Wall Street with a sharp drop in third-quarter earnings. The bank, which reported the result on Wednesday, attributed the weaker performance to poor results in fixed-income trading.
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Krispy Kreme Doughnuts Inc., the No. 2 US doughnut maker, said second-quarter earnings fell 56 percent, hurt by higher costs. Shares fell 19 percent after the company missed analysts
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Krispy Kreme Doughnuts said second-quarter net income fell 55 percent to $5.8 million, the latest reported setback for the one-time Wall Street darling.
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The contract electronics manufacturer posted a 90 percent drop in quarterly net profit, but earnings excluding special charges were higher than expected.
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Falling production and refinery problems dents BP's second-quarter earnings, which dipped 1% to $6.09bn.
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Dutch food retailer Royal Ahold NV said income from its US retail operations plunged 30 percent in the second quarter, blaming sluggish performance at Giant Food and Stop &amp; Shop Stores, its two biggest American chains.
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Wall Street investment banks Goldman Sachs Group Inc. and Bear Stearns Cos. on Thursday said fiscal second-quarter profit was squeezed by the nation's mounting home-loan defaults.
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Shares in online gambling company Sportingbet PLC, whose chairman is facing charges in the U.S., plummeted 41 percent Monday after they resumed trading.
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Southwest Airlines Co. , the  leading U.S. discount carrier, posted a 16.5 percent drop in  second-quarter earnings on Wednesday on higher fuel costs and  sluggish demand.
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Bank of America Corp , the second-largest U.S. bank, on Thursday said third-quarter profit fell 32 percent, a steeper decline than expected, hurt by mounting credit losses and the impact of volatile markets on its investment banking unit.
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Bear Stearns reported second-quarter earnings on Thursday.
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Shares of Tellabs Inc. TLAB.O fell  2.6 percent before the opening bell on Tuesday after the  company posted lower-than-expected revenue and earnings.
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The satellite TV operator said higher interest payments on its debt sent fourth-quarter earnings down 2 percent, to $348 million.
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NVR, the Washington area's largest home builder, yesterday reported that second-quarter earnings plummeted 52 percent, a result of continued weak demand and excess inventory.
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TJX Cos. Inc.&#39;s second-quarter earnings fell 4 percent, reflecting higher markdowns on merchandise due to softer sales trends.