Financial News Roundup

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Dell Profits Fall; Adds AMD To Arsenal
Round Rock, Texas — Dell posted an 18 percent falloff in net income, to $762 million, for its first fiscal quarter, even though sales bounced up 6 percent to $14.2 billion.

Sanyo Consumer Group Posts Fiscal Year Loss


Tokyo — Lower sales of digital still cameras, phones, information products and certain major appliances created an $87.5 million loss for the Sanyo Electric consumer group during the fiscal year, ended March 31.

D&M Reports Higher '05 Operating Profit


Tokyo — D&M Holdings reported lower consolidated revenue but higher operating profit for the fiscal year, ended March 31.

Sears Holdings Reports Profit, But Comp Sales Down


Hoffman Estates, Ill. — Sears Holdings reported net income of $180 million for the first quarter, compared with a net loss of $9 million for the same period last year.

Syntax-Brillian Fiscal Q3 Revenue Up 115%


Tempe, Ariz. — Syntax-Brillian reported record revenue of $45.7 million, up 115 percent from a year ago, for its fiscal third quarter, which ended March 31.

Wal-Mart Reports Record Q1 Sales, Earnings


Bentonville, Ark. — Wal-Mart Stores reported record sales and earnings for the first quarter, ended April 30.

Staples Net, Sales Up


Framingham, Mass. — Staples reported total company sales up 9 percent to $4.2 billion and net income rose 26 percent year-over-year, to $186 million, for the first fiscal quarter of the year, ended April 29, vs. the same period last year.

BJ’s Q1 Net Down On Higher Sales


Natick, Mass. — BJ’s Wholesale Club reported net income of $15.4 million for its fiscal first quarter, ended April 29, down from $18.6 million for the same period last year.

Higher Earnings, Sales For Home Depot


Atlanta — The Home Depot reported first-quarter net earnings of $1.5 billion, compared with net earnings of $1.2 billion reported for the same period in fiscal 2005, a 22.8 percent increase for the quarter, ended April 30.

Directed Reports Higher Q1 Sales, Earnings


Vista, Calif. — Citing strong sales of satellite radio products, Directed’s earnings for the first quarter, ended May 15, and surged to $4 million, up from $1.4 million for the quarter a year ago.

Target’s Q1 Sales Up 12.1%


Minneapolis — Target reported net earnings for the first quarter, ended April 29, of $554 million, compared with $494 million year-over-year, with total revenues up 12.1 percent to $12.9 billion and same-store sales growing 5.1 percent for the three-month period.

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