Sepracor profit falls and plans to cut sales force
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Sepracor Inc  posted lower third-quarter earnings on Tuesday, hurt by a decline in sales of its respiratory drug Xopenex, but the company's shares rose 14 percent in premarket trading after it said it would cut about 300 positions from its sales force.
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Unilever, the maker of Lipton tea and Magnum ice cream bars, said third-quarter earnings will fall and cut its annual profit forecast after sales of the company&#39;s main brands unexpectedly declined for a second quarter.
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Costco Wholesale Corp.  on  Thursday said its quarterly profit fell, hurt by charges for  expensing stock options.
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The company said profit from continuing operations fell to $614 million as weak demand for calculators outweighed improving sales of advanced phones that use its chips.
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Alcatel-Lucent SA fell nearly 9 percent Thursday after the telecommunications equipment maker slashed its full-year revenue growth forecast and said it expects third-quarter operating profit to be "around break-even."
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A steeper-then-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its forecast for the current period.
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The manufacturer said earnings fell 54 percent from a year-ago period which included its former health-care and electronics units. Adjusted profit topped Wall Street expectations by a wide margin.
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The company said fourth-quarter net profit fell 42 percent and announced it would cut 1,000 jobs as part of a cost-cutting strategy.
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Withdraws guidance for 2007 Circuit City had a crap first quarter, losing $54.6m, against net income of $6.4m same time last year. Net sales fell 4.3 per cent, driven by a comparable store sales decline of 5.6 per cent. Gross profit margins fell 1.9 per cent on lower merchandise margins and lower take-up of extended warranties.â¦
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Coca-Cola yesterday sharply reduced its long-term profit and sales targets, reflecting the entrenched slump that the world&#39;s largest soft drinks firm has found itself in.
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Fourth-quarter profit fell 8 percent on declining advertising sales at the companyâs newspapers and television stations.
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Apparel retailer Talbots Inc.   said on Wednesday that quarterly net profit fell, hurt by heavy  markdowns and declining sales at its flagship Talbots chain.
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Discount retailer Dollar General Corp.   on Thursday posted a 40 percent drop in quarterly profit  on weakening demand for higher-margin products and withdrew its  earnings forecast for the rest of the year.
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Costco Wholesale Corp. COST.O on   Wednesday warned of lower-than-expected quarterly profit   because of disappointing margins, as customers cut back on   purchases of big-ticket discretionary items such as furniture,   sending shares down nearly 5 percent.
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Stocks dropped yesterday as Colgate-Palmolive and Unilever cut profit forecasts, fueling concern that earnings growth is slowing at a time when borrowing costs are headed higher.
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Brown Shoe Co. Inc.  said on Thursday quarterly profit fell, hurt by a charge and lower-than-expected sales in its wholesale division.
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The Coca-Cola Company said yesterday that profit fell 22 percent after its largest bottler wrote down the value of its North American unit on reduced soda sales and higher raw material costs.