Sysco Profit Rises; Sales Volume Flat
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Sysco Corp. SYY.N, the largest U.S.  distributor of food to restaurants and hospitals, on Monday  said quarterly profit rose as an extra week in the period and  cost control measures helped offset the higher food prices that  were slowing demand.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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British supermarket Tesco, the country's biggest retailer, said that its net profit rose by almost a quarter during the first half of its financial year as it attracted more customers.
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Symantec Wednesday said fiscal second-quarter earnings more than doubled over the previous year as the company saw growth across all of its business segments.
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International Business Machines Corp.  IBM.N on Monday posted a flat quarterly net profit, weighed  down by a legal settlement, but the world's largest computer  company sounded a confident outlook and its shares rose 2.3  percent after-hours.
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Licensing income helped boost American Greetings Corp. to a profit in its second quarter, even though sales at the greeting cards maker were flat.
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The company said first-quarter profit rose 14 percent on strong sales growth across nearly all regions.
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The retailer posts modest gains in total sales and comps.
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Symantec Corp. SYMC.O, the top  global security software maker, on Wednesday posted a 48  percent rise in quarterly net profit on strong sales.
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Williams-Sonoma Inc. (WSM.N) on Wednesday posted a better-than-expected 55 percent increase in quarterly profit, sending its stock up 6 percent, as sales jumped at its Pottery Barn chain.
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Kroger Co.  said on Tuesday that quarterly profit rose 15.8 percent and raised its 2006 earnings view, sending its shares to their highest level in five years, as the grocery chain benefited from lower prices and a better selection of products such as fresh produce.
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TJX Cos Inc  said on Tuesday that quarterly net profit rose, as it managed its inventories and drove shopper traffic with better marketing and merchandising initiatives.
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Matsushita Electric Industrial Co. Ltd., the maker of Panasonic brand products, reported a 5 percent rise in quarterly operating profit, driven by robust sales of flat TVs, and it kept its full-year outlook.
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Fast-food giant Yum Brands said that its second-quarter profit rose by 12 percent, amid ongoing growth in its international business that offset an essentially flat U.S. performance.
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Diversified manufacturer Tyco  International Ltd  reported a higher-than-expected  quarterly profit on Tuesday on strong demand from energy and  industrial markets and an improving performance at its ADT  security division.
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With strong international sales and growth in its services business, Symantec reported earnings Wednesday that beat analyst expectations.
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Xerox Corp. on Thursday said  third-quarter profit rose as it cut costs and sales of its  copiers and printers improved.