RadioShack Posts Profit as Sales Drop
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The electronics retailer said it swung to a third-quarter profit, overcoming lower revenue by cutting costs and selling more high-margin items.
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Sun Microsystems Inc. posted a small profit for its fiscal second quarter Thursday, but year-over-year sales continued to slide as the server and software maker struggled to gain back business it lost after tech collapse in 2001.
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The aluminum maker said second-quarter profit slipped nearly 4 percent as outage costs at two smelters weighed down results.
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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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The newspaper publisher reported profit of $365.7 million on the sale of several newspapers. Excluding the gain, earnings fell on weaker advertising.
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The company said fourth-quarter earnings fell from year-ago results that included a one-time gain. But adjusted profit exceeded expectations on Wall Street, driven by higher sales.
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Boston Scientific Corp. said last night that sales of its two key products, stents and implantable defibrillators, were slowing down and were likely to drag its third-quarter profit well below Wall Street expectations.
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Boston Scientific Corp.  posted a lower-than-expected quarterly profit on Friday as sales of its flagship drug-eluting heart stent fell by 32 percent.
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USA Today publisher Gannett Co. Inc.  said on Wednesday its quarterly revenue fell because of weaker advertising sales at its local U.S. papers while profit rose with the sale of some newspaper assets.
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Motorola Inc  on Thursday posted a quarterly profit from continuing operations in the third quarter but revenue fell.
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Analog chipmaker National Semiconductor Corp.  posted a lower quarterly profit on Thursday as revenue fell 20 percent, but orders rose from the prior period and its shares climbed.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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Consumer electronics retailer RadioShack Corp.  reported higher quarterly profit on Tuesday after a restructuring improved inventory management and cut costs, sending its shares up as much as 17 percent.
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Infineon&#39;s net profit fell to $54.6 million in the fourth quarter from $63 million in the third quarter of last year. The net result came up short of analyst forecasts of $169 million.
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Agilent Technologies Inc. A.N,  the electronics and testing equipment maker, on Monday posted a  higher quarterly net profit on lower charges, but it issued a  forecast below expectations.
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Agilysys Inc., a supplier of electronic components and computer systems, said Tuesday that it swung to a profit in the fiscal second quarter as acquisitions contributed to strong sales growth.
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Dow Chemical Co  on Tuesday reported a drop in quarterly profit that was not as steep as analysts had expected as growth overseas helped offset weak U.S. housing and auto markets and spiraling energy and raw material costs.