Target-082014.jpg America's second biggest discount-store operator Target, Inc. reported Wednesday a profit for the second quarter that declined 62 percent from last year, despite sales growth, hurt by costs related to last year's embarrassing data breach. Adjusted earnings per share missed analysts' expectations by a penny, while quarterly sales topped their estimates by a whisker.
AmericanEagleOutfitters-082014.jpg Teen clothing retailer American Eagle Outfitters, Inc. on Wednesday reported a 70 percent decline in profit for the second quarter from last year, reflecting lower revenues and margins. Comparable sales for the quarter also declined. However, both revenue and earnings per share beat analysts' expectations. The company also forecast earnings for the third quarter in line with Street estimates.
TheJMSmucker-082014.jpg Branded food products maker J.M. Smucker Co. (SJM) Wednesday said first-quarter profit declined from the prior year, amid a slide in sales. Looking ahead, the company lowered its sales forecast, but backed its earnings outlook.
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