Albertson's Second-Quarter Profits Drop
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The fall in earnings was due to the continuing impact of the company's California labor dispute and increased payments to health and welfare plans to fund deficits.
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Transportation giant Bombardier Inc. said Wednesday that its second-quarter profit slid to $23 million from $68 million a year ago, but showed a sharp improvement from the first quarter&#39;s $174 million loss.
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National Australia Bank&#39;s second-half net profit halved following a foreign exchange scandal, rising costs and tough competition, but the bank said its earnings decline would bottom in the first half of 2005.
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The profit decline by Sears Holdings, the combination of Sears and Kmart, will be the second consecutive quarter of steeply falling profits for the retailer.
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Discount retailer Kmart Holding Corp. reported Monday that the company swung to a profit in the second quarter, but same-store sales were still in decline.
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Albertsons Inc. ABS.N, the No. 2  U.S. grocer, on Tuesday reported a substantial drop in its  quarterly profit as heavy promotions to revive its Southern  California sales after a strike bit into its profit.
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After a dismal second-quarter showing, the retailer projects a Q3 loss.
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Sears Holdings said Thursday that its second-quarter profit had tumbled 40 percent because of lower overall sales and weaker operating results from Kmart and its domestic Sears operations.
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Pharmaceutical wholesaler McKesson Corp  reported on Thursday that its quarterly profit fell 17 percent as results were hurt by lower profit margins on certain generic drugs and charges taken.
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Pharmaceutical wholesaler McKesson Corp  reported on Thursday that its quarterly profit fell 17 percent as results were hit by charges and lower profit margins on generic drugs.
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The company reported a second-quarter loss after the company cut jobs to compensate for declining sales.
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Ericsson, the world's biggest supplier of mobile telecommunication systems, has reported a slight drop in second-quarter net profit as the acquisition of British group Marconi in 2005 continued to weigh on earnings.
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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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Kicking off the new earnings season, aluminum company Alcoa Inc  reported on Monday that second-quarter profit slipped, but still matched Wall Street expectations, even though revenue fell short of forecasts.
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Barnes & Noble Inc. , 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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Bank of America Corp, the second-largest U.S. bank, posted a much larger-than-expected 32 percent drop in quarterly profit on Thursday, hurt by mounting credit losses and dismal investment banking results.
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Kicking off the new earnings season,  aluminum company Alcoa Inc  reported on Monday that  second-quarter profit slipped, but still matched Wall Street  expectations, even though revenue fell short of forecasts.