Lowe’s Reports Strong Q3 Sales, Earnings

Lowe’s Reports Strong Q3 Sales, Earnings

By Alan Wolf On Nov 20 2013 - 1:50pm




Mooresville, N.C. Lowe’s said better execution and a strengthening home-improvement market helped spur sales and earnings in the third quarter.

Profits increased 26 percent to $499 million for the three months, ended Nov. 1, while sales rose 7.3 percent to $13 billion and comp sales increased 6.2 percent.

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Staples Reports Fiscal Q3 Profit After Prior Year Loss

Staples Reports Fiscal Q3 Profit After Prior Year Loss

By Alan Wolf On Nov 20 2013 - 10:57am




Framingham, Mass. — Staples said aggressive expense management helped deliver third-quarter profits of $135.2 million following a year-ago loss of more than half a billion dollars.

Sales struggled though, falling 4 percent to $6.1 billion for the three months, ended Nov. 2, as a result of 107 store closures across Europe and North America and unfavorable currency exchange rates.

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Home Depot’s Q3 Sales, Earnings Rise

Home Depot’s Q3 Sales, Earnings Rise

By Alan Wolf On Nov 19 2013 - 2:19pm




Atlanta Continued improvements in the housing market and Home Depot’s own operational performance led to strong third-quarter sales and earnings gains for the No. 1 home improvement chain.

Profits rose 48 percent to $1.4 billion and net sales increased 7.4 percent to $19.5 billion for the three months ended Nov. 3, while comp sales also grew 7.4 percent companywide and increased 8.2 percent in the U.S.

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Best Buy Q3 Earnings Increase, U.S. Sales Rise 2.3%

Best Buy Q3 Earnings Increase, U.S. Sales Rise 2.3%

By Alan Wolf On Nov 19 2013 - 9:52am




Minneapolis — Cost controls and improved operational efficiencies returned Best Buy to profitability in the third quarter.

Net earnings for the three months, ended Nov. 3, rose to $54 million, compared with a year-ago loss of $10 million.

But poor international sales were a drag on net revenues, which were flat at $9.3 billion. Comp sales also stalled due to offshore weakness, although the 0.3 percent increase was an improvement over last year’s 5.1 percent comp decline.

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Walmart Posts Modest Q3 Sales, Profits

Walmart Posts Modest Q3 Sales, Profits

By Alan Wolf On Nov 14 2013 - 11:21am




Bentonville, Ark. Walmart reported modest sales and earnings increases for the third quarter, ended Oct. 31, and mixed results for CE.

Net income rose 2.8 percent to $3.7 billion on continued cost reductions, while net sales edged up 1.6 percent to $114.9 billion. Excluding the negative impact of currency fluctuations, net sales rose 2.7 percent.

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Dish Surprises in Q3

Dish Surprises in Q3

By Mike Farrell On Nov 13 2013 - 10:06am




Dish Network surprised analysts Tuesday, reporting third quarter net new subscriber additions that far exceeded consensus estimates while its broadband service appears to be gaining steam.

Dish added 35,000 net new video customers in the quarter, well above analysts’ consensus estimates of a loss of 39,000 customers. Dish also added 75,000 broadband subscribers in the quarter, bringing its total number of high-speed data customers to 385,000, up 24% from the second quarter.

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Cobra Reports Higher Q3 Sales; Net Income Off Slightly

Cobra Reports Higher Q3 Sales; Net Income Off Slightly

TWICE Staff On Nov 8 2013 - 1:12pm

Jim Bazet
Jim Bazet


Chicago – Cobra Electronics reported higher sales, but slightly lower net income for the third quarter, ended Sept. 30.

Net income was $394,000 as compared to net income of $564,000 for the third quarter of 2012. In addition, there was operating income of $124,000 for the current quarter compared to operating income of $304,000 in the same quarter last year.

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Sharp Reports Sales Gain, Reduced Net Loss

Sharp Reports Sales Gain, Reduced Net Loss

TWICE Staff On Oct 31 2013 - 2:57pm




Osaka, Japan – Sharp Electronics reported an increase in net sales, a reduced net loss and a turnaround in operating income for its fiscal first half ended Sept. 30.

Compared year on year net sales were up 21.5 percent to 1,342 billion yen, operating income was 33.8 billion yen versus a prior year loss of 168.9 billion yen, and a net loss of 4.3 billion yen compared with a prior year net loss of 387.6 billion yen loss.

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Panasonic Exits Plasma, Has Good Fiscal Q2

Panasonic Exits Plasma, Has Good Fiscal Q2

By Steve Smith On Oct 31 2013 - 12:58pm




Osaka, Japan — Panasonic officially announced its end of plasma display panel production by the end of the year, as it reported higher sales, operating profit and net profit in its fiscal second quarter while it emphasizes more B-to-B categories.

Panasonic said it would end production of plasma panels in December, blaming the “rapid development of large-screen LCDs,” and “severe price competition” due to the stock market crash and recession that began in September 2008.

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Yamaha Boosts Revenue, Net In First Half

Yamaha Boosts Revenue, Net In First Half

By Joseph Palenchar On Oct 31 2013 - 12:56pm




Shizuoka, Japan – Yamaha Corp. boosted first-half global sales, operating income and net income.

Yamaha said global sales increased by 11.8 percent to 197.7 billion yen ($2.01 billion, operating income by 100.7 percent to 13.7 billion yen ($139.2 million), and net income by 273.4 percent to 12.5 billion yen ($12.7 million) for the fiscal first half ended Sept. 30.

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