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Earnings Roundup: Navistar, Talbots

Among the earnings stories for Tuesday, June 9, from AP Financial News:

WARRENVILLE, Ill. (AP) ¿ Truck maker Navistar International Corp. said its fiscal 2009 second-quarter profit tumbled 94 percent as market conditions weakened to levels not seen in nearly half a century.

HINGHAM, Mass. (AP) ¿ Talbots Inc. recorded a fiscal first-quarter loss amid increased charges, and said it will institute new job cuts of 20 percent as it looks to lower costs and streamline operations.

MARTINSVILLE, Va. (AP) ¿ Hooker Furniture Corp. moved to a first-quarter loss, hurt by an impairment charge and declining sales.

PARAMUS, N.J. (AP) ¿ Movado Group Inc. said it lost $9 million in its fiscal first quarter as sales fell by a third because consumers spent less amid the recession.

FARGO, N.D. (AP) ¿ Titan Machinery Inc., which runs construction and agriculture-equipment stores, said its first-quarter profit fell 47 percent as rising expenses offset higher revenue.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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