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From Times Wire Services

* Jeweler Tiffany & Co. posted a weaker-than-expected second-quarter profit, in part because of renewed weakness in Japan, and gave a disappointing outlook for the current period.

Net income fell 19% to $41.1 million, or 29 cents a share, from $50.6 million, or 35 cents, a year earlier. Sales rose 9% to $574.9 million.

* Specialty jewelry retailer Zale Corp. posted a fiscal fourth-quarter loss versus a year-earlier profit despite higher sales, because of noncash charges.

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Zale, which last month named acting Chief Executive Betsy Burton to the job permanently, posted a net loss of $26.4 million, or 55 cents a share, contrasted with a profit of $4.1 million, or 8 cents, a year earlier. Revenue rose 3.9% to $490.7 million.

Excluding items, the company posted a profit of 2 cents a share, in line with analysts’ average estimates, according to Reuters Estimates.

* World Wrestling Entertainment Inc. posted a higher-than-expected quarterly profit on better sales of branded merchandise and revenue from its Web businesses.

The sports entertainment company said its fiscal first-quarter net income was $11.3 million, or 16 cents a share, compared with $11.2 million, or 16 cents a share, a year earlier. Revenue for the quarter ended July 28 fell slightly to $93.3 million from $93.8 million.

* Tax preparer H&R; Block Inc. posted its largest loss in at least 17 years during its fiscal first quarter because rising mortgage defaults hurt results at a unit created to offset seasonal slowdowns in the tax business. H&R;’s net loss was $131.4 million, or 41 cents a share, in the quarter ended July 31, compared with a loss of $28 million, or 8 cents, a year earlier. Revenue fell 12% to $540.8 million.

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