Thursday earnings recap: GPS, KSS, REV, DELL, NOVL, FRE, AIG, DLM, XMSR

29 02 2008

Thursday earnings recap: GPS, KSS, REV, DELL, NOVL, FRE, AIG, DLM, XMSR

Posted by: in Stocks Money News

Filed under: Earnings reports, Dell (DELL), XM Satellite Radio (XMSR), Revlon (REV), Federal Natl Mtge (FNM), Gap Inc (GPS), Amer Intl Group (AIG), Novell Inc (NOVL), Kohl’s Corp (KSS)

Here are highlights of some other earnings reports from Thursday:

Gap Inc. (NYSE: GPS) reported a 21% increase in its fourth-quarter profit year over year. The $265 million, or 35 cents per share, matched analysts’ expectations. Revenue totaled $4.68 billion, down 5% from the previous year.
Kohls Corp. (NYSE: KSS) fourth-quarter profit fell about 15% year over year to $411.7 million, or $1.31 per share, just beating analysts’ estimates. Sales rose less than 1% $5.49 billion, but same-store sales fell.
Revlon Inc. (NYSE: REV) said Thursday it swung to a fourth-quarter profit of $40.8 million, or 8 cents per share, matching expectations. Revenue rose 1% to $382.6 million.
Dell Inc. (NASDAQ: DELL) posted a lower-than-expected quarterly profit of $679 million, or 31 cents per share. Revenue rose to $16 billion from $14.5 billion a year ago.
Novell Inc. (NASDAQ: NOVL) swung to a profit in its fiscal first quarter: $16.8 million, or 5 cents per share, matching expectations. Revenue rose to $230.9 million from $218.4 million a year ago.
Freddie Mac (NYSE: FRE) reported that its loss widened to $2.5 billion, or $3.97 a share, in the fourth quarter as mortgage defaults increased. On Wednesday, Fannie Mae (NYSE: FNM) reported a $3.6 billion loss for the fourth quarter, or $3.80 a share.
American International Group Inc. (NYSE: AIG) swung to a loss of $5.29 billion, or $2.08 per share, in the fourth quarter, on home loan related investment losses.
Del Monte Foods Co. (NYSE: DLM) fiscal third-quarter 2008 net income rose 15% year over year to to $53.3 million, or 26 cents per share. Revenue rose 10% to $1 billion. Both EPS and revenue beat expectations.
XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) said narrowed its fourth-quarter loss to $239 million, or 78 cents per share, thanks to a 20% jump in revenue year over year to $307.7 million.