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Earnings roundup: Burger King, QLogic

By Associated Press May 1, 2008

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Among the earnings stories for Thursday, May 1, from AP Financial News:

MIAMI (AP) _ Burger King Holdings Inc. said Thursday that strong same-store sales and new restaurant growth helped boost profit 21 percent in its third fiscal quarter, as new products, U.S. advertising and international expansion all helped the No. 2 burger chain.

ALISO VIEJO, Calif. (AP) _ QLogic Corp. said Thursday its fiscal fourth-quarter profit grew, fueled by strong sales of its networking equipment and related products, beating Wall Street's expectations.

ROCHESTER, N.Y. (AP) _ Eastman Kodak Co. said Thursday its first-quarter loss narrowed to $115 million as it battles for a bigger slice of digital photography after navigating a drastic, four-year overhaul. The results still missed Wall Street expectations and its stock fell almost 4 percent.

NEW YORK (AP) _ Employment-services company Monster Worldwide Inc. said Thursday its first-quarter profit dropped 43 percent as marketing and promotion costs skyrocketed.

PROVIDENCE, R.I. (AP) _ CVS Caremark Corp., the nation's biggest pharmacy chain, said Thursday that first-quarter profit jumped 84 percent, helped by surging sales in the wake of last year's purchase of Caremark.

PHILADELPHIA (AP) _ Promotional offers and higher cable television spending fueled the first-quarter profits of Comcast Corp., which showed limited effects from an economic slowdown.

ROSELAND, N.J. (AP) _ Automatic Data Processing Inc.'s profit jumped 6 percent in its fiscal third quarter as a stagnant economy slowed growth at many clients' payrolls, the outsourcing services company said Thursday.

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DocumentId: 635712, ~/articles/articlehandler.aspx, 5/17/2008 7:48:46 AM

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