Earnings Roundup: Deere, BJ's Wholesale Club
Among the earnings stories for Wednesday, Aug. 19, from AP Financial News:
Top stories: Deere & Co. posted a 27 percent decline in third-quarter profit Wednesday as the slumping global economy continued to depress sales of its tractors, bulldozers and other products. But the results easily beat Wall Street expectations. Other stories: NATICK, Mass. (AP) — BJ's Wholesale Club said Wednesday its second-quarter profit dipped 4 percent from year-ago results that were boosted by a tax settlement, but the warehouse club chain beat analysts' estimates and raised its full-year profit outlook. NEW YORK (AP) — Solar cell maker Yingli Green Energy Holding Co. on Wednesday posted a second-quarter loss driven by one-time charges, sending shares tumbling in premarket trading. MIAMI (AP) — Apparel maker Perry Ellis International Inc. said Wednesday it posted a slightly smaller second-quarter loss helped by lower expenses, but revenue still slid in the recession as consumers scaled back on spending.- Loading Comments...
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