Petsmart Earnings Rise, But Shares Slump
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Petsmart Inc. (PETM.O), the top U.S. pet supplies chain, on Thursday said quarterly earnings rose on improved pet services sales, but its stock sank as much as 12 percent as results lagged analysts' expectations.
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The investment firm posts a strong profit report, but shares slid.
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NEW YORK - Investors concerned about third quarter earnings looked past a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue chips dropped on profit warnings from Dow component Alcoa Inc...
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The retailer increases sales and comps, but its stock price slips.
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Sears reported profit that trailed analystsâ estimates while earnings at Costco Wholesale fell 4.9 percent on the cost of a new return policy.
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Leading pet specialty retailer posts solid third-quarter numbers.
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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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Net profits up, per share profits down, share count up.
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U.S. stocks finished slightly higher  on Monday as investors bet on good earnings news as the  fourth-quarter reporting season kicks off -- although hopes  were muted after the closing bell as Dow component Alcoa Inc.  AA.N posted profits below Wall Street's expectations.
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U.S. stocks rebounded on Monday as oil  prices retreated from their highs, while upbeat earnings  announcements from retailers fueled the improved sentiment.
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Investor's Business Daily - Market News' retail trade index bounced 3.7 points to a still-weak 41.5 in the Oct. 27 week. Readings below 50 signal more chains are reporting slowing conditions. Same-store year-on-year sales growth is very weak at 0.7%, with total sales growth at 4.1%. Income is also weak, with 43% of the sample reporting declines vs. 40% reporting gains. Retailers blamed housing woes.
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U.S. stocks slipped on Thursday as a   rally that briefly sent the blue-chip Dow above its record   closing high faded, with some investors choosing to lock in   profits.
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Investors worried about third quarter earnings looked past a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue-chips dropped on profit warnings from Dow component Alcoa Inc.
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Stocks fell on Monday as investors  fretted over corporate profits after oil prices rose to their  highest level in nearly a month and personal products maker  Colgate-Palmolive Co. CL.N and others warned of lower  earnings.
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Starbucks Corp. , the  world's largest coffee shop chain, on Wednesday reported a 15  percent rise in quarterly earnings that met analysts'  estimates, but July same-store sales results were below Wall  Street estimates, and shares fell sharply after hours.
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PetSmart has been growing by selling day care and hotel accommodations for pets, proving that being treated like a dog may not be a bad thing if pampering is part of the deal.
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Sales rise, but earnings and margins are on the fritz.