Earnings Rise at Federated; Target Shows Gain of 19%
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Federated Department Stores posted a 5 percent increase in quarterly profit yesterday and said it would change its corporate name to the Macyâs Group.
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The retailing giant Federated Department Stores Inc. on Wednesday reported a 10 percent increase in third-quarter earnings, citing improvements after Florida hurricanes hurt September sales.
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Federated Department Stores Inc. , parent of Macy's and Bloomingdale's, on Thursday reported a stronger-than-expected gain in November sales at stores open at least one fiscal year and raised its same-store sales forecast for December.
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Simon Property Group Inc., the No. 1 U.S. mall owner, on Thursday said quarterly funds from operations, a key profit measure, rose nearly 19 percent, driven in part by higher rents.
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Federated Department Stores Inc.  , the parent of Macy's and Bloomingdale's, reported  better-than-expected fourth-quarter profit on Tuesday.
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Discount retailer meets expectations, forecasts 19% earnings gain next quarter.
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FedEx Corp. , the world's top air-express shipper, on Wednesday said quarterly earnings more than doubled on strong growth in its international, ground and freight services.
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Continued improvement in its operational performance boosts second-quarter earnings.
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Shares of SRA International jumped 14 percent Tuesday after the provider of computer services to government clients reported better-than-expected earnings late Monday and received an analyst upgrade Tuesday morning.
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FedEx Corp. FDX.N on Monday raised  its earnings forecast for the fiscal first quarter and full  year, citing strong demand for its international express,  ground and less-than-truckload services.
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Target Corp. TGT.N, the No. 2 U.S.  discount retailer, on Thursday posted a higher quarterly  profit, boosted by stronger sales and gains from the sale of  its Mervyn's department store chain.
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General Mills Inc.  on Tuesday reported a 19 percent rise in quarterly earnings as price increases and stronger sales of Pillsbury products helped offset higher ingredient and energy costs.
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FedEx Corp. (FDX.N) on Monday raised its earnings forecast for the fiscal first quarter and full year, citing strong demand for its international express, ground and less-than-truckload services.
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U.S. stocks edged higher on Thursday,   buoyed by strong earnings from economic bellwether FedEx Corp.   FDX.N and an interest-rate pause by the Federal Reserve that   reassured investors about the outlook for profit growth.
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Shares FedEx Corp. FDX.N rose before  the bell on Monday, after the express shipping company raised  its earnings forecast for the first quarter and the full year,  citing strong demand for its services.
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FedEx Corp., the world's top  air-express shipper, on Wednesday said quarterly earnings more  than doubled on strong revenue growth in its international,  ground and freight services.
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JPMorgan Chase & Co.  said on  Wednesday second-quarter net income rose 20 percent on strong  investment banking and asset management results.