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It was another largely disappointing performance by the nation's retailers in June, but the fact that their reports didn't sink the market was encouraging. Weather was one factor last month; the Northeast was particularly rainy during the month, which likely kept some shoppers at home.
VALLEY FORGE, Pa.----AmerisourceBergen Corporation today announced that it now plans to release its results for the Third Quarter of Fiscal Year 2009 on Thursday, July 30, 2009, prior to the opening of trading on the New York Stock Exchange, and to hold a conference call to discuss the results at 11:00 a.m.
ST. PAUL, Minn.----Lawson Software, Inc. today reported financial results for its fourth quarter of fiscal year 2009, which ended May 31, 2009. Lawson reported revenues of $186.2 million, down 20 percent from the fourth quarter of fiscal 2008, or 11 percent at constant currency.
In a see-sawing market, Kellogg has the goods on stability.
NEW YORK : Pali Capital analyst Rich Greenfield raised his target sell price on Disney, but retained his “sell” rating nonetheless. The new 12-month price target is $17, revised from $12.50.
U.S. stocks were mixed Thursday morning following a report that initial jobless claims fell 52,000 to 565,000 in the week ended July 4, though continuing claims rose 159,000 to 6,883,000. Meanwhile, U.S. wholesale sales were up by a larger than expected 0.2% in May.
Ross Stores, Inc. today reported that sales for the five weeks ended July 4, 2009 increased 6% to $666 million from $628 million for the five weeks ended July 5, 2008.
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Astral Media Inc. today reported its financial results for the third quarter ended May 31, 2009, which saw continued growth in net earnings, EPS, revenues, EBITDA and cash flow from continuing operations.
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