Innovation Update

Earnings Roundup: Burger King, Staples

Stock quotes in this article: BKC , MDT , SPLS  

Among the earnings stories for Tuesday, Aug. 25, from AP Financial News:

CHICAGO (AP) — Burger King Holdings Inc. said its fiscal fourth-quarter profit rose, even though revenue fell for the first time since the company became public in 2006 because diners visited the fast-food chain less often and spent less when they did.

NEW YORK (AP) — Office supply chain Staples Inc.'s sales fell less in the second quarter than earlier this year, but the company said Tuesday that its profit dropped 39 percent, mainly because of its acquisition of Dutch chain Corporate Express.

NEW YORK (AP) — Medical device maker Medtronic Inc. reported a 38 percent drop in fiscal first-quarter earnings Tuesday due to restructuring charges and legal fees from a patent dispute. Without the charges, the company's results narrowly beat Wall Street expectations.

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