Innovation Update

Earnings Roundup: ExlService, American Eagle

Stock quotes in this article: AEO , BONT , EXLS , SIRI , TRK  

Among the earnings stories for Wednesday, March 11, from AP Financial News:

NEW YORK (AP) — Outsourcing company ExlService Holdings Inc. said Wednesday fourth-quarter profit plunged 65 percent compared with the year-earlier period which got a boost from a since-discontinued operation, but its results soundly beat Wall Street estimates.

NEW YORK (AP) — American Eagle Outfitters Inc. said Wednesday that unplanned markdowns during the weak holiday season and a charge related to the declining value of some investment securities sent its fourth-quarter profit tumbling 77 percent.

YORK, Pa. (AP) — Bon-Ton Stores Inc. said Wednesday it lost $87.7 million in the fourth quarter as sales fell and the department store operator took hefty valuation write-downs.

NEW YORK (AP) — Sirius XM Radio Inc. posted a narrower fourth-quarter loss on higher sales and lower costs, but its net subscriber growth slowed markedly.

CONCORD, N.C. (AP) — Speedway Motorsports Inc., which markets and promotes motorsports entertainment, on Wednesday reported a narrower fourth-quarter loss as lower costs offset a drop in revenue.

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