Lexmark 2nd-Quarter Profit Drops on Lower Sales
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The printer maker said its second-quarter profit declined 16 percent, to $64.2 million, on lower consumer segment sales and higher costs.
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Lowe's Cos.  reported lower quarterly profit on Friday as the battered U.S. housing market hurt sales.
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Tiffany & Company said yesterday that second-quarter profit fell 10 percent, hurt by a charge related to the sale of its Little Switzerland retail business, but sales beat expectations.
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The newspaper publisher and television station operator said third-quarter profit fell to $2.5 million as ad revenue slumped.
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Lexmark International Inc.LXK.N on  Monday posted a 12 percent jump in quarterly profit, fueled by  strong sales of laser printers and replacement toner.
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AnnTaylor Stores Corp  posted lower quarterly profit on Friday as the women's apparel retailer suffered weak customer traffic at its Ann Taylor and LOFT chains, forcing markdowns on many items.
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Printer maker Lexmark International  said on Tuesday its net profit rose, although revenue fell.
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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 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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Boston Scientific Corp.  posted a lower-than-expected quarterly profit on Friday as sales of its flagship drug-eluting heart stents fell by 32 percent.
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Hershey Co.  on Thursday posted a 96 percent drop in second-quarter net income and again cut its 2007 profit forecast as it spends more money to try to jump-start flagging sales.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices and refining margins.
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Lexmark International Inc  on Tuesday posted a better-than-expected profit, helped by strength in printers aimed at the business market.
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Design software maker Adobe  Systems Inc.  on Thursday posted lower second-quarter  net income, weighed down by higher costs related to its  acquisition of Macromedia.
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Computer printer maker Lexmark International Inc.  slashed its second-quarter earnings outlook, citing disappointing revenue from both hardware and inkjet supplies, driving its shares down 11 percent.
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U.S. Bancorp said its second-quarter profit declined 3.7 percent after a strong gain a year ago.
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Williams-Sonoma Inc. , the  upscale home furnishings retailer, reported lower quarterly  profit Wednesday, citing challenging sales in its core brands.