Brocade Q3 profits down 56 per cent
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Legal fees and McData acquisition rob company purse Brocade's third quarter profits were down 56 per cent over last year, as the company coffers continue to be pounded by the purchase of McData and further compounded by hefty legal fees.â¦
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The FTSE 100 closed sharply lower Tuesday -- its lowest level for over a year -- as a 9.8 billion dollars Q4 loss from Citigroup and weaker than expected retail sales sent the Dow into an early three-figure dive, with retailers back in the spotlight after Christmas trading updates from Tesco and Debenhams.
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Top video game publisher Electronic Arts Inc  lowered its profit forecast on Thursday as it delayed "Mercenaries 2" and a new "Battlefield" title, sending its shares down 6 percent.
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The US plane maker announces an 84% drop in quarterly profits but beats market expectations.
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Diversified manufacturer 3M Co.   posted a weaker-than-expected quarterly profit on Tuesday and  said global economic growth was slowing, sending its shares  down 4.7 percent and weighing heavily on blue chip stocks  overall.
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Lennar Corp. , the No. 3 U.S.  homebuilder, on Friday cut its third-quarter profit forecast  due to a deteriorating housing market, sending its shares down  nearly 3 percent in premarket trading.
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Shares in telecommunications equipment maker Alcatel-Lucent SA fell Thursday to their lowest level after the company slashed its forecast for full-year revenue growth in its third profit warning since the start of the year
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Supermarket group Morrisons announces a fall in half-year profits, dragged down by losses across its recently acquired Safeway stores.
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Merrill Lynch & Co.  on Tuesday said third-quarter profit fell 8 percent, hurt by reduced investment banking and trading.
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Merrill Lynch & Co. MER.N on Tuesday  said third-quarter profit fell 8 percent, hurt by reduced  investment banking and trading.
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Abercrombie &amp; Fitch Co. reported a 21 percent drop in third-quarter earnings Tuesday, citing a nearly &#36;33 million one-time charge to settle three class-action lawsuits related to work force diversity. The clothing retailer was also cautious about the current quarter, saying it expects earnings to be flat.
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Merrill Lynch & Company said today third-quarter profit fell 8 percent, hurt by reduced investment banking and trading.
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The British news and financial information group Reuters said on Thursday that net profits sank by a third in 2006.
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Merrill Lynch &amp; Co. (MER.N: Quote, Profile, Research) on Tuesday said third-quarter profit fell 8 percent, hurt by reduced investment banking and trading.
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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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Texas Instruments Inc.  posted  a lower quarterly profit on weak demand for its calculators,  and gave a disappointing revenue forecast for the third  quarter, sending shares down 3 percent on Monday.
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NEW YORK Time Warner, the largest US media company and owner of America Online, said Wednesday that its third-quarter profit fell 7.8 percent as it set aside money to pay for potential penalties stemming from a government inquiry into its accounting