J.C. Penney Posts Second-Quarter Profit
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Department store operator J.C. Penney Co. Inc. (JCP.N) on Tuesday posted a second-quarter profit, reversing a year-earlier loss, helped by inventory controls and strong department store sales.
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Second-quarter profit was largely fueled by international sales growth, the athletic gear company said.
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The company posted a second-quarter profit of $182 million, helped by strong international beverage and bakery sales.
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David Jones Ltd., Australia&#39;s second- largest department store, posted a second-half profit after increasing earnings at its credit card unit, selling more clothes and opening a store in Sydney&#39;s Bondi Junction.
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JPMorgan Chase & Co.  said on Wednesday second-quarter net income rose 20 percent on strong investment banking and asset management results.
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The steelmaker said costs related to the redemption of debt pulled down second-quarter profit, but the results beat Wall Street estimates.
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Johnson & Johnson posted a 9 percent increase in second-quarter profit yesterday, as the acquisition of Pfizerâs consumer health products line offset a continuing decline in sales of its stents and a top drug.
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Discount retailer Target Corp. said second-quarter profits rose almost 13 percent, fueled by increasing sales at new and existing stores and the strength of its credit card operations
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Johnson & Johnson  on Tuesday said second-quarter profit rose on higher sales of medical devices and prescription drugs, with especially strong demand in overseas markets.
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Mattel Inc. , the largest U.S. toy maker, posted higher second-quarter profit on Monday, helped by increased sales of its Wheels and Fisher-Price toys.
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US meat processor Smithfield Foods has reported higher second-quarter earnings, as higher hog prices offset lower pork margins and a loss in its beef operations.
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Apparel retailer J. Crew Group Inc.  on Wednesday posted a second-quarter net profit compared with a year-ago loss, helped by higher gross margins, and the company raised its full-year earnings outlook.
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The cardiovascular device maker said its second-quarter profit, excluding charges, was $271 million, or 18 cents per share, compared with $412 million, or 31 cents per share, a year ago.
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Apparel retailer J. Crew Group Inc  on Wednesday posted a second-quarter net profit, helped by robust sales and higher gross margins.
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NEW YORK: PepsiCo Inc., the world&#39;s No 2 soft drink company, said today quarterly profit rose due to tax benefits and strong earnings at its key Frito-Lay snack and North American beverage units.
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Department store operator J.C. Penney Co.  reported better-than-expected fourth-quarter earnings on Thursday as private brands aided profit margins.
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J. C. Penney reported better-than-expected fourth-quarter earnings but its shares fell sharply after it forecast first-quarter profit below Wall Street estimates.