Ann Taylor and Gap Say Earnings Fell in the Quarter
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Record gasoline prices, in addition to the coldest April in a decade, discouraged shopping during the quarter.
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Shares of Gap Inc.  fell 2 percent on Friday morning as analysts questioned what's next for the casual clothing retailer after a two-year turnaround.
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Struggling apparel giant Gap Inc.  said on Thursday that fourth-quarter net profit fell 35 percent on weak sales at its two main casual clothing chains and dependence on holiday season discounts, but still topped Wall Street targets.
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Struggling apparel giant Gap Inc.  said on Thursday that fourth-quarter net profit fell 35 percent  on lower or flat sales at its two main casual clothing chains  and dependence on holiday season discounts.
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MORGAN Stanley, the American investment bank, has seen its quarterly profits slide 34 per cent amid reduced trading revenues. The latest figure fell well short of Wall Streetâs already-lowered expectations after a summer of sluggish market activity.
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Disappointing earnings guidance from tech heavyweights reignited fears of a U.S. recession.
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Clothing retailer Gap Inc. GPS.N  said on Thursday its quarterly earnings ticked up 1 percent,  buoyed by improved profit margins, but hemmed in by weakness at  its Old Navy and international Gap stores.
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Brokerage Bear Stearns Companies  on Wednesday said quarterly profit fell 10 percent hurt by lower investment banking revenue and higher expenses.
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Higher ingredient prices and restructuring costs pushed General Mills&#39; first-quarter earnings down 19 percent, the cereal giant reported Tuesday.
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Lehman Brothers, the first of the big US investment banks to report results, unveils a dip in quarterly profits.
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McGraw-Hill Cos , the book and magazine publisher and owner of Standard & Poor's, on Thursday said fourth-quarter profit fell 31 percent, as disruptions in global capital markets dampened demand for credit ratings.
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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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Lawnmower maker the Toro Company  said on Thursday quarterly earnings slipped in line with falling revenue, but beat estimates as growth in its professional segment helped offset lower domestic residential segment sales.
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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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The bank said its fourth-quarter earnings fell sharply,  to $268 million from $5.26 billion a year earlier, hurt by mounting credit losses and weak investment banking results.
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Luxury home builder Toll Brothers   on Thursday reported sharply lower quarterly net  income, hurt by a downturn in the U.S. housing market.
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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.