Bed Bathâs Profit and Shares Fall
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The home goods retailer Bed Bath & Beyond posted a lower fiscal third-quarter profit and warned that this quarterâs results would be lower than expected.
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The worldÂs No. 1 maker of sport shoes said profit fell as stock-based compensation weighed on results.
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British services group Rentokil Initial Plc  warned on Thursday that weak retail trading would hit its quarterly profit, sending its shares down 24 percent to their lowest level for more than 12 years.
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Electrolux shares have tumbled after the world&#39;s largest maker of consumer electronics said profit in the second half of 2004 will be less than forecast.
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MORGAN Stanley, the American investment bank, has seen its quarterly profits slide 34 per cent amid reduced trading revenues. The latest figure fell well short of Wall Streetâs already-lowered expectations after a summer of sluggish market activity.
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U.S. home goods retailer Bed Bath & Beyond Inc  posted a slightly higher quarterly profit on Wednesday on increased sales and a one-time tax benefit and said its board of directors approved a $1 billion share buyback program.
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The companyâs shares plunged 15.9 percent to a nearly four-year low of $10.36 in morning trading after its net profit fell 84 percent in the fourth quarter.
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The struggling home furnishings retailer posts a 37% drop in Q3 earnings and cuts guidance.
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Whirlpool Corp. , the world's largest appliance maker, reported a 13 percent drop in quarterly earnings on Wednesday, hurt by soft demand in the United States, and cut its profit forecast for the year, sending its shares down 3 percent.
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Home Depot Inc.  said on Wednesday it expects per-share profit to fall this year as the U.S. housing slump hurts sales and it increases spending to improve older stores in a bid to gain market share.
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Toll Brothers said its first-quarter profit fell 67 percent as a result of lower sales, write-downs and other costs.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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Procter & Gamble Co's  stock fell more than 4 percent on Tuesday as the company's outlook for the rest of the year disappointed analysts, who also raised concern about its beauty business.
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The manufacturer said earnings fell 54 percent from a year-ago period which included its former health-care and electronics units. Adjusted profit topped Wall Street expectations by a wide margin.
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BusinessWeek Online - Barnes &amp; Noble  is bracing for disappointing profits this year, as the bookseller struggles to keep customers by lowering prices. Shares of the retailer tumbled 11.4% to $35.56 on Mar. 5, after the company trimmed its forecast for 2007 and plans to close an Internet distribution center.
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Aerospace and industrial components maker  Barnes Group Inc's  quarterly profit fell 5 percent hurt  by charges related to realignment of the product mix at its  industrial unit and additional tax expenses, and forecast 2008  earnings below Wall Street expectations.
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The home-furnishings retailer reports lower earnings but beats expectations.