Earnings Roundup: Gap, SkillSoft

Among the earnings stories for Thursday, Aug. 20, from AP Financial News:

Top stories:

NEW YORK (AP) — Gap Inc. reported that its second-quarter earnings rose slightly year-over-year, beating Wall Street expectations despite a 7 percent decline in sales, as the apparel chain cut costs.

Other stories:

NASHUA, N.H. (AP) — Education software company SkillSoft PLC said its fiscal second-quarter profit grew 33 percent, as lower operating costs more than offset revenue declines.

NEW YORK (AP) — Teen apparel retailer Aeropostale Inc. said its second-quarter profit rose on higher sales, especially at locations open more than one year.

MOUNTAIN VIEW, Calif. (AP) — Personal finance and business software maker Intuit Inc. posted a wider loss for its fiscal fourth quarter as revenue slipped and expenses rose.

BIRMINGHAM, Ala. (AP) — Sporting goods retailer Hibbett Sports Inc. said its second-quarter profit fell 77 percent on lower sales compared with a year ago, when consumers had government stimulus checks and a tax holiday helped drive purchases.

CHICAGO (AP) — Once a mainstay in American shopping culture, the parent of Sears and Kmart stores took another step backward, announcing a surprising second-quarter loss that dimmed hopes about the ailing merchant's future.

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