Quiksilver quarterly profit down, outlook cut
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Quiksilver Inc. ZQK.N on Thursday   posted a 78 percent drop in quarterly net income due to soft   summer demand for its Rossignol ski brand and warned that a   weak golf market would hurt results for the rest of the year.
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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 retailer lowers its outlook after same-store sales fall.
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The retailer posted a 36 percent fall in fourth-quarter profit, hurt by costs related to an inventory write-off, and said it would open only about half the number of stores it opened in 2007.
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Whirlpool reported a 13 percent decline in quarterly earnings and cut its profit forecast for the year.
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Appliance maker Whirlpool Corp. WHR.N  on Wednesday posted a 4 percent drop in third-quarter earnings  and cut its profit outlook for the full year, citing higher  costs for steel and oil.
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Caterpillar Inc. CAT.N reported  lower-than-expected quarterly earnings on Thursday as higher  raw material prices and retirement benefits hurt profit,  sending its shares down nearly 5 percent.
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Appliance maker Whirlpool Corp. (WHR.N: Quote, Profile, Research) on Wednesday reported a 4 percent drop in third-quarter earnings and cut its profit forecast for the year, citing rising costs for steel and oil.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped 34 percent  amid reduced trading revenue, falling well short of Wall  Street's already-lowered expectations after a summer of  sluggish market activity.
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Phone company Qwest Communications International Inc  on Tuesday cut its earnings outlook for the year, sending its shares down 4 percent, though its quarterly profit rose with the help of a tax benefit and cost cuts.
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Family Dollar Stores Inc  said on Tuesday quarterly profit fell as sales at older stores declined and customers cut their discretionary spending.
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Apparel retailer Liz Claiborne Inc.   posted lower quarterly profit on Wednesday after  charges for restructuring.
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Oil and gas producer Kerr-McGee Corp.  KMG.N on Wednesday reported a fall in quarterly profit,  citing a writedown related to a pigment plant and higher  environmental charges.
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Campbell Soup Co  posted lower  quarterly profit on Friday, hurt by higher commodity costs and  promotional spending.
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Pharmaceutical wholesaler McKesson  Corp  reported on Thursday that its quarterly profit  fell 17 percent as results were hit by charges and lower profit  margins on generic drugs.
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Best Buy Co Inc  cut its fiscal  2008 profit outlook on Friday, blaming in part  lower-than-expected sales growth in January.
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Best Buy Co. Inc.  reported lower-than-expected quarterly profit on Tuesday as the consumer electronics retailer slashed prices on flat-panel TVs to boost sales at the start of the holiday shopping season.