Earnings Roundup: Wal-Mart, Kohl's

Among the earnings stories for Thursday, May 14, from AP Financial News:

Top stories:

LITTLE ROCK, Ark. (AP) — Wal-Mart Stores Inc. reported a flat first-quarter profit as revenue from its huge international operations was hurt by the stronger dollar.

MENOMONEE FALLS, Wis. (AP) — The consumer spending pullback continued to weigh on Kohl's Corp. in its fiscal first quarter, as profit fell 11 percent on a same-store sales decline. Still, the department store operator's results were better than Wall Street expected.

Other stories:

Canadian apparel maker Gildan Activewear Inc. said that its profit skidded 83 percent in the fiscal second quarter as shipments and sales of activewear declined.

DEVENS, Mass. (AP) — American Superconductor Corp., which makes equipment for power generators and utilities, reported the first quarterly profit in company history on a 60 percent jump in revenue.

IRVINGTON, N.Y. (AP) — Prestige Brands Holdings Inc., which sells drugs and personal care products, posted a large fiscal fourth-quarter loss after writing down the value of its business by more than $200 million.

PHILADELPHIA (AP) — Apparel retailer Urban Outfitters Inc. said that its first-quarter profit fell 28 percent as customers cut back on spending on its Anthropologie and Free People brands. Still, results beat analysts' estimates.