Dell; Credit Agricole; Accor; Fleetwood; Sears
Dell missed with Q2 net income -17% despite sales +11% as gross margin shrank 2.7%.
The #2 PC maker said it sees continued conservatism in US spending, and that it has spread to Western Europe and parts of Asia.
Credit Agricole, #3 French bank, net income -94% on markdowns linked to US bond insurers.
Accor, #1 European Hotel Chain, first half net income -48%, the operators of Sofitel and Motel 6...
noted "as fewer people use hotels in the less favorable economic environment."
Fleetwood, #3 US RV maker, reported a net loss of $29 vs 2.35 million as motor home sales fell over a cliff -56%.
Sears, the largest US department store, net income -62% as sames store sales declined 6.2%, yet issued upside forward guidance.
Bill Dreher, director and senior retail analyst at Deutsche Bank: "The guidance is completely unbelievable."
He questioned how the company will achieve its forecast "without further impairing the already dismal customer shopping experience."
The #2 PC maker said it sees continued conservatism in US spending, and that it has spread to Western Europe and parts of Asia.
Credit Agricole, #3 French bank, net income -94% on markdowns linked to US bond insurers.
Accor, #1 European Hotel Chain, first half net income -48%, the operators of Sofitel and Motel 6...
noted "as fewer people use hotels in the less favorable economic environment."
Fleetwood, #3 US RV maker, reported a net loss of $29 vs 2.35 million as motor home sales fell over a cliff -56%.
Sears, the largest US department store, net income -62% as sames store sales declined 6.2%, yet issued upside forward guidance.
Bill Dreher, director and senior retail analyst at Deutsche Bank: "The guidance is completely unbelievable."
He questioned how the company will achieve its forecast "without further impairing the already dismal customer shopping experience."
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