Saks Incorporated (SKS)

Saks Tuesday said that for the third quarter ended October 31, 2009 the Company posted net income of $1.9 million, or $.01 per share. This compares to a net loss of $43.7 million, or $.32 per share, for the prior year third quarter ended November 1, 2008. Revenue fell 8.5 percent to $631.4 million from $690.3 million a year earlier, and sales at stores open more than a year declined 10.1 percent.
The slight profit surprised analysts.

Nov 17 · 12:16:00 PM · Source: Company News Release
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by Larry Etter

TJX (TJX)

TJX Companies said Tuesday its third quarter profit rose to $347.8 million, or 81 cents a share, from $235.9 million, or 54 cents a share, a year earlier. Revenue increased 10% to $5.24 billion.
Company CEO said TJX achieved record third-quarter results, driven by significant increases in comparable store sales and customer traffic that have continued to accelerate.

Nov 17 · 12:05:00 PM · Source: Company News Release
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by Larry Etter

Home Depot (HD)

Home Depot said Tuesday that for the fiscal third quarter period ended Nov. 1 it reported earnings of $689 million, or 41 cents per share, down from $756 million, or 45 cents per share, a year earlier. Revenue fell 8% to $16.36 billion; same-store sales dropped 6.9%.
Profit down, sales down, same-store sales down. None of that can really be looked at as good news. However, on the bright side, the drop in profit was less than analysts expected.

Nov 17 · 11:36:00 AM · Source: Company News
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by Larry Etter

Target (TGT)

Target Corp. said Tuesday it posted third quarter profits of $436 million, or 58 cents a share, up 18 percent from $369 million, or 49 cents a share, a year earlier. Revenue increased 1.1% to $15.28 billion.
Results beat analyst expectations.

Nov 17 · 11:33:00 AM · Source: Company News
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by Larry Etter

Amazon (AMZN)

Amazon said that it's going to offer Web-based services to businesses in Asia starting next year.
Amazon Web Services LLC provides cloud computing, storage, database and other services to businesses. The company will open locations in Singapore in the first half of 2010, with other "availability zones" opening in the latter half of next year in the same region.

Nov 14 · 3:42:00 PM · Source: Forbes
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by Michael Oliveto

Abercrombie & Fitch (ANF)

Abercrombie & Fitch Friday today reported third quarter net income of $38.8 million, or $0.44, compared to net income of $63.9 million, or $0.72 for the comparable period last year. Excluding $6.2 million of after-tax charges associated with the closure of the Ruehl business and an $18.6 million benefit associated with a true up of the year-to-date tax rate, the Company reported non-GAAP net income of $26.3 million, or $0.30, for Q3. Sales decreased 15% to $765.4 million; comparable store sales decreased 22%.
Profits were higher than expected.

Nov 13 · 11:29:00 AM · Source: Company News Release
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by Larry Etter

J.C. Penney (JCP)

J.C. Penney Friday said its third-quarter net income fell 78 percent to $27 million, or 11 cents share, from $124 million, or 56 cents a share, a year earlier. Excluding a 3-cent charge related to real estate impairment, earnings were 14 cents a share. Sales declined 3.2 percent to $4.18 billion.
Earnings matched Street estimates.

Nov 13 · 11:18:00 AM · Source: Company News
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by Larry Etter

Disney (DIS)

Disney reported that for the fiscal fourth quarter ended Oct. 3, it reported a profit of $895 million, or 47 cents a share, up from $760 million, or 40 cents a share, a year earlier.

The latest quarter, which had one more week than a year ago, included gains from the merger of Lifetime Entertainment Services and A&E Television Networks as well as $166 million in restructuring and impairment charges. Excluding items, earnings rose to 46 cents a share from 44 cents. Revenue rose 4.5% to $9.87 billion.
Disney's cable networks, including ESPN and The Disney Channel, have eased much of the pain from the recession and that is reflected in the Q4 results.

Nov 13 · 11:13:00 AM · Source: Company News
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by Larry Etter