Earnings Roundup: Youbet.com, Star Bulk Carriers

Among the earnings stories for Wednesday, Aug. 12, from AP Financial News:

BURBANK, Calif. (AP) — Online horse racing and betting company Youbet.com Inc. said its second-quarter profit fell 28 percent, as the gambling industry continued to suffer from the drop in consumer spending amid the recession.

NEW YORK (AP) — Greek drybulk shipper Star Bulk Carriers Corp. posted a second-quarter loss due to greater expenses and sharply lower revenue.

ARLINGTON, Va. (AP) — Information-technology services company CACI International Inc. said its fiscal fourth-quarter profit grew 23 percent, exceeding Wall Street expectations.

PORTLAND, Ore. (AP) — Sara Lee Corp. narrowed its loss in the fiscal fourth quarter but gave a weak outlook for the year, sending shares of the food maker plunging.

NEW YORK (AP) — Department store operator Macy's Inc. boosted its annual profit outlook after posting second-quarter earnings that beat Wall Street expectations. It benefited from streamlining its operations but remains cautious about consumer spending in coming months.

LOS ANGELES (AP) — Arden Group Inc., owner of a southern California supermarket chain, said its second-quarter earnings slipped because of soft same-store sales.

PORT WASHINGTON, N.Y. (AP) — Online retailer Systemax Inc. said its profit fell by more than half in the second quarter as the company took a one-time charge to end its ProfitCenter Software business, and sales decreased.

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