Company Earnings

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Family Dollar profit tops estimates (Reuters) - Reuters - Family Dollar Stores Inc posted a higher-than-expected quarterly profit on Friday, helped by shoppers who spent tax rebate checks at the discount retailer and by closely controlling costs.

Winemaker Constellation Brands loses $23M (AP) -

AP - Constellation Brands Inc. said Thursday it lost nearly $23 million in its fiscal second quarter as strong sales of vodka and high-end wines were more than offset by charges to shrink its operations in Australia. Its shares fell nearly 9 percent.

Marriott books lower 3Q profit, expects tough 2009 (AP) -

AP - Hotel company Marriott International Inc. said Thursday that its third-quarter profit dropped 28 percent, compared to 2007, and it warned investors about deteriorating conditions for 2009 amid the ongoing financial crisis.

Constellation Brands posts loss, keeps outlook (Reuters) -

Reuters - Constellation Brands Inc , the world's largest wine producer, posted a quarterly net loss on Thursday versus a year-earlier profit, due to charges and inventory write-downs related to selling some Australian assets.

UBS says back to profit in Q3 despite crisis (Reuters) -

Reuters - UBS AG will make a small quarterly profit after a year of losses, it said on Thursday, lifting its shares as it signaled it had started to turn the corner even as the credit crisis engulfs many rivals.

Standard Microsystems 2Q profit declines (AP) - AP - Semiconductor maker Standard Microsystems Corp. said Wednesday its fiscal second-quarter profit declined, and shares fell after-hours after its outlook fell short of expectations.

Micron Technology posts wider 4Q loss (AP) -

AP - Memory chip maker Micron Technology Inc. said Wednesday its fiscal fourth-quarter loss widened as the industry continues to face oversupply problems and pricing pressures.

GE to raise $15 billion, Buffett gets preferred stake (Reuters) -

Reuters - General Electric Co plans to raise $15 billion through stock sales -- including $3 billion from Warren Buffett -- to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the U.S. conglomerate said on Wednesday.

Pepsi Bottling profit tops view (Reuters) -

Reuters - Pepsi Bottling Group Inc posted a better-than-expected quarterly profit on Tuesday as price increases helped offset volume declines, and it raised the low end of its full-year earnings outlook.

Circuit City has bigger 2Q loss, withdraws outlook (AP) -

AP - Circuit City Stores Inc. withdrew its outlook for the full year and posted a wider second-quarter loss Monday as it looks toward a holiday shopping season which has even the least vulnerable retailers worried.

Sales boost Walgreen fiscal 4th-qtr profit (AP) -

AP - Shares of Walgreen Co. fell to their lowest price in almost five years Monday after the drugstore operator reported disappointing revenue in its fiscal fourth quarter, pointing to promotions that failed to pay off.

Steelcase posts lower net quarterly earnings (Reuters) - Reuters - Steelcase Inc , the world's largest office furniture maker, reported lower quarterly net earnings on Monday as commodity cost inflation outpaced price increases.

Circuit City posts loss, withdraws outlook (Reuters) -

Reuters - Circuit City Stores reported a wider quarterly loss and withdrew its financial outlook on Monday as the electronics retailer reviews its business, sending its shares down 10 percent in premarket trading.

Walgreen quarterly profit falls short of view (Reuters) -

Reuters - Walgreen Co posted a quarterly profit on Monday that fell short of Wall Street expectations and said it was still committed to an unsolicited bid for Longs Drugs Stores Corp .

American Greetings 2Q profit falls 73 pct on costs (AP) - AP - American Greetings Corp. said Friday that second-quarter profit dropped 73 percent on lower margins and higher costs as the greeting card company invested in products to drive sales growth.