Earnings roundup: Daktronics, Fleetwood
By
Associated Press
November 25, 2008
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Among the earnings stories for Tuesday, Nov. 25, from AP Financial News:
NEW YORK (AP) _ Display maker Daktronics said Tuesday its fiscal second-quarter profit rose 52 percent, beating Wall Street expectations, but said a major billboard customer planned to cut back orders next year.
RIVERSIDE, Calif. (AP) _ Fleetwood Enterprises Inc., which makes recreational vehicles and manufactured homes, reported Tuesday a wider than expected loss in its second quarter amid crumbling RV demand as consumers found it harder to get loans.
CLEARWATER, Fla. (AP) _ Information technology products distributor Tech Data Corp. said Tuesday that its fiscal third-quarter profit sank as the company logged a large loss related to foreign currency exchange.
BOSTON (AP) _ Investment management firm Eaton Vance Corp. said Tuesday its fiscal fourth-quarter profit slipped 43 percent as investment advisory and administration fees fell and it took impairment charges on investments.
NEW YORK (AP) _ Israeli defense contractor Elbit Systems Inc. said Tuesday its third-quarter income rose 35 percent, saying it enjoyed business growth across its operations and locations.
BENSALEM, Pa. (AP) _ Women's apparel retailer Charming Shoppes Inc. said Tuesday its third-quarter loss widened amid a deteriorating economic environment, and outlined a restructuring plan including closing stores and ending the Lane Bryant catalog.