Petsmart Earnings Rise, But Shares Slump
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Petsmart Inc. PETM.O, the top U.S.  pet supplies chain, on Thursday said quarterly earnings rose on  improved pet services sales, but its stock sank as much as 12  percent as results lagged analysts' expectations.
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Higher cigarette prices and increased sales of cigarettes overseas helped edge profit higher, while earnings tumbled at the Kraft Foods unit it plans to spin off.
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PetSmart has been growing by selling day care and hotel accommodations for pets, proving that being treated like a dog may not be a bad thing if pampering is part of the deal.
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Stocks edged up on Thursday after higher-than-expected earnings from companies, including Bear Stearns and Costco, but climbing oil prices could keep gains in check.
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Investors worried about third quarter earnings looked past a surprise drop in wholesale prices, keeping stocks mixed Friday. Blue-chips dropped on profit warnings from Dow component Alcoa Inc.
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U.S. stocks rose on Tuesday as oil  prices declined and investors were encouraged by Monday's  stronger-than-expected earnings from technology bellwethers  International Business Machines Corp. IBM.N and Texas  Instruments Inc. TXN.N
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Blog: Despite sales and earnings climb, the numbers fall short of analyst expectations. Stock pounded in after hours trading.
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U.S. blue chips slipped lower on  Monday as a disappointing sales forecast from Wal-Mart Stores  Inc. WMT.N dampened sentiment toward retailers, although  pharmaceuticals benefited as investors changed their focus to  less volatile stocks.
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U.S. stocks rebounded on Monday as oil  prices retreated from their highs, while upbeat earnings  announcements from retailers fueled the improved sentiment.
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The Dow industrials and S&P 500 index pared early gains to edge lower on Tuesday after Wal-Mart Stores Inc.  announced cuts in capital expenditures, offsetting optimism about earnings.
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Walgreen Co.  posted a 19.6 percent rise in quarterly profit on Monday, boosted by new stores and an inventory credit, but its shares slipped as the large drugstore chain failed to deliver the stellar growth it had produced in the previous three quarters.
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Morgan Stanley and Bear Stearns  Companies posted a drop in quarterly profits on Wednesday,  surprising some investors one day after two other big  investment banks reported a rise in earnings.
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NEW YORK Stocks rose Monday as investors cheered a drop in oil prices but a disappointing sales forecast by Wal-Mart Stores stoked concerns about a slowing economy.
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Yum Brands Inc, operator of the KFC, Taco Bell and Pizza Hut chains beat Wall Street's profit target on Monday, but its shares fell 2.3 percent after its boosted 2008 earnings per share forecast just missed analysts' target.
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Wal-Mart Stores Inc.&#39;s disappointing sales forecast sent stocks fluctuating Monday as investors&#39; concerns about a slowing economy eclipsed their relief over a drop in oil prices.
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General Mills Inc. GIS.N on Tuesday  reported a steeper fall in quarterly earnings than Wall Street  had expected due to higher costs of key food ingredients and  promotional spending.
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Home improvement retailer Lowe's Cos.  reported better-than expected earnings on Friday even as the weak U.S. housing market hurt results, and its shares rose as much as 6 percent to an all-time high as it said sales could trend upward this year.