Mattel reported 2005 first quarter financial results including net income of $6.5 million, or $0.02 per share, compared to last year’s first quarter net income of $9.0 million, or $0.02 per share.
Ford Lowers Earnings Guidance
Ford Motor Company reduced its full-year earnings guidance for 2005. Last month, the Company said its full-year 2005 earnings-per-share would be at the lower end of its guidance, which was $1.75 to $1.95 per share.
Forest Laboratories Expects Lower Earnings
Forest Laboratories announced that it expects its earnings for the fiscal 2005 fourth quarter ended March 31, 2005 to be lower than previous Company guidance and current First Call mean estimate.
Gildan Activewear Raises Earnings Guidance
Gildan Activewear announced that it expects that its earnings for its second fiscal quarter, ended April 3, 2005, will be above its previous guidance.
Best Buy Reorts Earnings From Continuing Operations
Best Buy reported earnings from continuing operations of $522 million, or $1.55 per diluted share, for the quarter ended Feb. 26, 2005.
Circuit City Pushes Back Earnings Report
Circuit City issued an update regarding the Company’s scheduled year-end earnings announcement.
GM Revises Earnings Guidance
General Motors is revising its first-quarter and calendar-year earnings guidance to reflect lower North American sales and production volumes, a tougher pricing environment, and a more car-based sales mix.
Urban Outfitters Earnings Increase By 72%
Urban Outfitters announced record earnings of $31.7 million for the fourth quarter ended January 31, 2005, a 72% increase over the comparable quarter last year.
J. C. Penney Reports 4Q Earnings
J. C. Penney announced that fourth quarter earnings per share from continuing operations increased 40% to $1.16 per share from $0.83 per share last year.
Cisco Systems Reports Strong Net Earnings
Cisco Systems reported strong net earnings in the second quarter though sales didn’t live up to expectations.