Other earnings
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Other companies reporting earnings, excluding one-time gains or charges unless noted, include:
Gottschalks Inc. said its first-quarter net loss widened to $4.6 million, or 36 cents a share, from 8 million, or 8 cents, a year ago, on a 30% rise in sales to $147 million. The Fresno-based department store chain also lowered its forecasts for the second quarter and full year, citing current business conditions and higher electricity rates in California.
Sharper Image Corp. reported a first-quarter loss of $2.8 million, or 23 cents a share, compared with profit of $105,000, or a penny a share, as the retailer of gadgets and electronic gear increased advertising spending. Analysts had lowered their expectations to a loss of 25 cents from a previous forecast of 12 cents after the San Francisco-based company warned of weaker results. Sales rose 15% to $69.8 million.
Venator Group Inc.’s earnings jumped 88% in the first quarter to $32 million, or 23 cents a share, boosted by reduced costs. The owner of Foot Locker and Champs Sports chains said sales rose 2.7% to $1.07 billion.
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