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.