Financial News Roundup

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Staples’ Q4 Profit Up 19%
Framingham, Mass. — Improved customer service and strong execution helped Staples drive double-digit sales and profit gains for its fiscal fourth quarter and full year.

Small Q4 Profit For Gemstar-TV Guide

Los Angeles — Gemstar-TV Guide nudged out a small $1.6 million profit for its fourth quarter, but this could not offset the $94.5 million loss posted by the company for 2004.

Lowe’s: Q4 Earnings Up 27%

Mooresville, N.C. — Lowe’s, the second-largest home improvement chain and No. 2 majap merchant, said net earnings for its fiscal fourth quarter rose 26.7 percent to $508 million, thanks to new store openings and robust white-goods sales.

Home Depot Reports Sales, Earnings Gains

Atlanta — In-store enhancements and expansions of its core major appliance business helped propel The Home Depot’s sales and earnings for its fiscal fourth quarter and full year.

Nav. Aides Guide Cobra To Healthy Sales Year

Chicago — Cobra Electronics posted strong fourth-quarter and year-end sales and profit numbers, the company reported last week..


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