Earnings roundup: Movado, Jackson Hewitt
By
Associated Press
December 4, 2008
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Among the earnings stories for Thursday, Dec. 4, from AP Financial News:
PARAMUS, N.J. (AP) _ Movado Group Inc. said Thursday that its profit of fiscal 2009 dropped 41 percent in its third quarter and the watch maker plans another round of cost-cutting actions to cope with a drop in retail sales.
PARSIPPANY, N.J. (AP) _ Tax preparer Jackson Hewitt Tax Service Inc. said its fiscal second quarter loss narrowed slightly as it was able to cut some expenses.
FAIRFIELD, Calif. (AP) _ Copart Inc., a junk-car auction service, said late Wednesday its fiscal first-quarter profit edged down slightly on a drop in United Kingdom revenue stemming from currency fluctuations.
SOUTH WINDSOR, Conn. (AP) _ Gerber Scientific Inc., which manufactures equipment used in making signs, specialty graphics, apparel and optical lenses, said Thursday its profit more than doubled in the fiscal second quarter due to a one-time tax benefit.
SAN DIEGO (AP) _ Defense and transportation company Cubic Corp. said Thursday its fiscal fourth-quarter profit tumbled 26 percent, partially as a result of a restructuring charge.