Wal-Mart lowers 2Q profit by &#36;153M
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Wal-Mart Stores Inc. reduced its reported second-quarter profit by $153 million due to expenses from selling its German retail operations, the world's largest retailer reported Monday.
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Wal-Mart Stores Inc.  posted higher-than-expected quarterly profit on Tuesday after the world's biggest retailer cut prices on hot items like toys and electronics to lure customers during the holiday shopping season.
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Barnes & Noble Inc. BKS.N, the top  U.S. bookseller, on Monday said quarterly profit fell due to  higher expenses and weaker demand for bestseller titles,  sending its stock down more than 2 percent.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) on Thursday said third-quarter sales were weaker than it had planned but earnings will be at the high end of its estimated range because of improved margins and a better tax rate.
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A continuing decline in advertising revenue pushed second quarter profits lower at two major publishers.
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Discount retailer Fred&#39;s Inc. (FRED.O: Quote, Profile, Research) on Thursday said second-quarter profit fell, hit by increased markdowns, higher diesel fuel costs and other factors, sending its shares down almost 19 percent.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell 9 percent, pulled down by weaker natural gas prices that have pared record earnings across the industry.
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Freddie Mac yesterday reported that its second-quarter profit fell by nearly half, in part because it set aside more money to cover expected losses from defaults on mortgages.
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Investors digested word today that Wal-Mart (NYSE: WMT) has lowered its sales forecast for August, with the possibility that same-store sales may come in flat to up 2%.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices and refining margins.
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Target, the No. 2 discount chain behind Wal-Mart Stores, said profit rose to $651 million, or 75 cents a share, from $554 million, or 63 cents a share, a year earlier.
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Avon Products Inc. , the  world's largest direct seller of cosmetics, on Monday said  second-quarter profit fell 54 percent on costs related to job  cuts and other restructuring moves.
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The soup maker said its second-quarter profit slipped 3.9 percent to $274 million even though its sales rose.
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The company meets already lowered second-quarter expectations.
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Sears Holdings Corp. posted its lowest profit in nearly two years Thursday after another round of weak sales at Kmart and Sears stores sent the retailer's net income tumbling 40 percent.
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The printer maker said its second-quarter profit declined 16 percent, to $64.2 million, on lower consumer segment sales and higher costs.
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Kraft Foods Inc. KFT.N on Tuesday  posted lower quarterly profit, weighed down by restructuring  charges.