Synnex Beats 2Q Estimates; Net Income Up 50 Percent
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Synnex beat Wall Street estimates and reported a 50 percent increase in net income for the third quarter ended Aug. 31, and a 29-percent increase in sales.
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Sun Microsystems Inc.'s fiscal second-quarter profit nearly doubled to edge past Wall Street's estimates, reflecting the server and software maker's cost-cutting efforts and maneuvers to shore up demand amid fierce competition, the company reported Thursday.
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Royal Dutch Shell PLC reported a 40 percent rise in second-quarter earnings Thursday, helped by high oil prices.
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Home products retailer Williams-Sonoma Inc. reported Wednesday that second-quarter profits rose 55 percent on strong sales growth to beat Wall Street expectations.
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Men's apparel retailer JoS. A. Bank Clothiers Inc. reported Thursday that double-digit same-store sales gains, as well as continued strength in catalog and Internet sales, drove second-quarter earnings up 75 percent to beat Wall Street expectations.
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Swedish aviation and defence group Saab said Friday its second-quarter profit soared by 45 percent, exceeding analysts&#39; expectations, owing to strong sales despite a plunge in orders.
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Nike Inc.  on Thursday said its second-quarter earnings rose a surprisingly large 46 percent on strong sales in the United States and in emerging markets like China, while a weaker dollar beefed up profits in Europe.
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Flextronics International Ltd  posted quarterly earnings that beat Wall Street expectations on Tuesday, as sales at the contract electronics maker jumped 18 percent.
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Oracle reported second-quarter 2005 earnings that beat analyst expectations on Monday, thanks to new software revenue and continued gains from licence updates and product support.
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Edison International (EIX.N: Quote, Profile, Research) on Friday posted a 49 percent increase in third-quarter earnings, with most of the earnings coming from completed and planned asset sales.
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The software company's stock rises on improved second-quarter numbers.
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Genentech Inc. DNA.N on Wednesday  posted a 50 percent rise in quarterly profit and raised its  full-year earnings forecast on strong sales of its new colon  cancer drug, sending its shares higher in after-hours trading.
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Home furnishings retailer Williams-Sonoma reported higher than expected second-quarter profits on Wednesday.
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Contract electronics manufacturer Flextronics International Ltd  posted an adjusted third quarter profit that beat Wall Street forecasts on Tuesday, and reaffirmed its earnings and sales forecasts, sending its stock up nearly 5 percent.
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Diversified manufacturer Ingersoll-Rand Co Ltd  reported better-than-expected quarterly net profit on Friday on international results and demand for such industrial products as air compressors, sending its shares up 2.2 percent in early trading.
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Edison International EIX.N on Friday  posted a 49 percent increase in third-quarter earnings, with  most of the earnings coming from completed and planned asset  sales.
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The company said its fourth-quarter earnings rose 43 percent, beating estimates, on increased merger advisory fees.