Earnings Roundup: Tween Brands, Perfect World
Among the earnings stories for Monday, Nov. 16, from AP Financial News:
NEW ALBANY, Ohio (AP) ¿ Kids clothing retailer Tween Brands Inc. said that higher sales and lower costs helped it climb to a third-quarter profit from a year-ago loss which included hefty restructuring expenses.
BEIJING (AP) ¿ Online games maker Perfect World Co. said its profit rose 45 percent in the third quarter on higher sales of expansion packs for existing games.
ANAHEIM, Calif. (AP) ¿ Shares of Pacific Sunwear of California Inc. plunged after-hours as the teen clothing retailer reported a larger third-quarter loss and predicted a weak fourth quarter.NEW YORK (AP) ¿ Chinese drugmaker Simcere Pharmaceutical Group said its profit plunged in the third quarter due to growing expenses and nearly flat sales of key products. NEW YORK (AP) ¿ Cell phone company Cellcom Israel Ltd. said its third-quarter profit and revenue increased as its subscriber base grew. NEW YORK (AP) ¿ Lowe's Cos. said it is expecting consumers will spend cautiously this holiday season on trees and gifts like power tools but said it sees signs the housing market is slowly improving. NEW YORK (AP) ¿ Plant engineering and equipment supply firm KHD Humboldt Wedag International Ltd. said its profit fell in the third quarter because of soft sales and restructuring charges. NEW YORK (AP) ¿ Universal Travel Group, a Chinese travel services provider, said its profit edged 2 percent higher in the third quarter, as stronger travel demand helped lift sales. NEW YORK (AP) ¿ Drug and nutritional product company American Oriental Bioengineering Inc. said its profit fell 40 percent in the third quarter as its cost of sales and operating expenses jumped.
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