Gap Inc.'s 1Q profit falls 26 percent
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Gap Inc.'s management has changed, but the troubled clothing retailer's financial trends remain distressingly familiar with both profits and sales still evaporating.
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Nike Inc. NKE.N, the world's No.   1 sport shoe and apparel maker, said on Thursday that quarterly   net profit fell 13 percent as stock-based compensation weighed   on results, but the results topped Wall Street estimates.
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Shares of Gap Inc. fell as much as 4.9 percent on Friday, a day after the apparel giant reported a lower quarterly profit and said 2007 would be a transition year with earnings well short of Wall Street expectations.
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UBS AG, Europe&#39;s biggest bank, said third-quarter profit fell 1 percent as gains from managing funds for millionaires cushioned a drop in investment-banking earnings.
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U.S. stocks fell on Monday, with the Nasdaq off 1 percent, as worries about the sustainability of technology companies' profits offset earlier gains after at least $82 billion in corporate takeovers were announced.
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JPMorgan Chase & Co  said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity and auto loans.
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Third-quarter profit fell 1 percent, as stronger sales of almost all of the companyâs key drugs could not offset  higher production costs and taxes and a restructuring charge.
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Clothing retailer Gap  reported on Thursday a 26 percent drop in quarterly profit as it cut prices at its struggling Gap stores and began closing its Forth & Towne business.
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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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MOUNTAIN VIEW, Calif. -- Google Inc.'s fourth-quarter profit fell below analyst expectations, signaling the crumbling U.S. economy has dented the Internet search leader's moneymaking machine.
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Gap Inc.  said on Thursday its  sales at stores open at least a year fell 8 percent in  November, below analysts' average forecast, as fewer customers  visited its stores even during the kick-off to the busy holiday  season.
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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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Wells Fargo & Co  on Wednesday said its fourth-quarter profit fell 38 percent, the first decline in more than six years, hurt by rising losses from home equity loans.
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Gap Inc.'s fourth-quarter profit fell 35 percent in a gloomy performance that triggered a recent management purge and doomed the slumping retailer's newest chain.
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Flextronics International Ltd.,  the No. 1 contract electronics manufacturer, on Monday posted a  quarterly profit versus a year earlier loss but a weak forecast  due to weakening consumer and communications demand sent shares  down nearly 8 percent.
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There's not too much surprising about Gap's first quarter.
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Hewlett-Packard 1Q Profit Up 26 Percent