Christopher & Banks
said it earned $5.7 million, or 16 cents a share, for the second quarter ended Aug. 27, vs. $5.5 million, or 15 cents a share, a year ago. Revenue for the specialty retailer increased 15% to $110.8 million from $96.4 million last year. Same-store sales for the quarter rose 3%. Analysts polled by Thomson First call expected earnings of 17 cents a share on sales of $112.1 million. For the year, the company expects earnings of 78 cents to 83 cents a share, vs. Wall Street's forecast of 83 cents a share. The stock was down 54 cents, or 3.36%, to $15.55 in after-hours trading.
( CKR) reported earnings of $8.4 million, or 13 cents a share, for the first quarter ended Aug. 15, compared with a loss of $12.7 million, or 22 cents a share, a year ago. Revenue for the quarter was $359.8 million vs. $353.7 million. Excluding certain items, the operator of Carl's Jr. and Hardee's restaurants earned 28 cents a share. Analysts expected earnings of 19 cents a share on revenue of $361.9 million. Same-store sales at Carl's Jr. increased 1% for the quarter vs. an 8.1% increase for the period a year ago. Same-store sales were flat for Hardee's for the quarter compared with an increase of 6.2% last year. The stock was up 70 cents, or 5.88%, to $12.60 in after-hours trading.
New York Times
announced that August advertising revenue rose 1.7% from a year ago while total company revenue rose 0.6%. Excluding About.com, ad revenue fell 1% and total company revenue slipped 1.2%. The newspaper publisher now expects third-quarter earnings of 11 cents to 14 cents a share vs. 33 cents a share a year ago. Analysts were anticipating a profit of 25 cents a share, according to Thomson First Call. In a separate statement, the company announced it plans to reduce its headcount by 500, or 4%. The planned layoffs will begin in October. The stock was off 20 cents, or 0.62%, to $31.93 in after-hours.
American Airlines said limited service in and out of New Orleans' Louis Armstrong International Airport will restart Wednesday. The company said it will operate three daily round trips between its Dallas/Fort Worth hub and New Orleans. American will add additional flights as demand increases. The stock was unchanged at $11.30.
American International Group
said it expects after-tax losses relating to Hurricane Katrina and other natural disasters of $1.1 billion. The insurer said that its total third-quarter after-tax insurance-related losses, net of reinsurance recoverables, will be $900 million. The company also expects to record an after-tax charge of $170 million for reinstatement premiums. AIG was unchanged at $60.51.
( SBC) extended their strategic agreement to continue marketing the co-branded SBC/Dish Newtork satellite TV services. The companies said they will operate the service within a more traditional sales agency to drive subscriber growth. EchoStar was unchanged at $29.48 and SBC was unchanged at $24.08.
raised its third-quarter sales guidance to a range of $50.3 million to $50.8 million. This increase reflects a $300,000 increase from its last update on Aug. 8. The Camarillo, Calif.-based broadcaster said it projects same-station net broadcasting revenue growth in the mid-single digits. The stock was up 88 cents, or 5.16%, to $17.95 in after-hours trading.
Florida Power & Light
said that its crews have restored service to almost 80,000 customers in South Florida affected by Hurricane Rita. FPL stated around 19,000 of its customers are still without power. The stock was unchanged at $45.43.