AMR ( AMR), the parent of American Airlines, expects to incur a sizable first-quarter loss, and the carrier believes a full-year loss is likely because of the lingering effects of the Sept. 11 terrorist attacks. The company provided the outlook in a filing with the Securities and Exchange Commission. According to First Call, analysts, on average, expect a loss of $3.03 in the first quarter and a loss of $4 for the year.
earned 51 cents a share in the fiscal second quarter, a penny above the consensus expectation, but down from 84 cents in the year-ago quarter. Sales slipped to $908 million from $924 million. Tiffany ( TIF) earned 55 cents a share in the fourth quarter, down from 56 cents in the year-ago period. Excluding a charge, the company earned 58 cents, beating estimates by 2 cents. Sales declined 2% to $565.8 million. Tiffany forecast slight earnings shortfalls for the first half of the year, and the jewelry retailer provided a full-year earnings estimate of $1.20 to $1.27 a share. On average, analysts expect full-year earnings of $1.25. Tricon Global Restaurants ( YUM) said February same-store sales at company-owned U.S. restaurants increased 6%. U.S. same-store sales increased 9% at Taco Bell, 6% at Pizza Hut and 2% at KFC. Wendy's ( WEN) said preliminary sales results for February show that same-store sales increased 3.75% to 4.25% at Wendy's U.S. company restaurants. Comparable sales were up 7.5% to 8% at Tim Horton's restaurants in Canada. Same-store sales climbed 10% to 10.5% at Tim Horton's in the U.S. The company provided ranges because the fiscal month of February doesn't end until March 3.