- The Washington Times - Thursday, March 19, 2009

Among the earnings stories for Thursday, March 19, from AP Financial News:

CHARLOTTE, N.C. (AP) _ Discover Financial Services said Thursday it managed to remain profitable during its fiscal first quarter, thanks to a payment from a lawsuit settlement, but it is nevertheless reducing its quarterly dividend.

NEW YORK (AP) _ Winnebago Industries Inc. posted its third-consecutive loss on Thursday as sales of RVs continued their downward slide amid locked-up credit markets that make it difficult for consumers to get financing.

JACKSONVILLE, Fla. (AP) _ Department store operator Stein Mart Inc. said Thursday its net loss widened in its fourth quarter due to hefty charges and slow sales at established locations.

NEW YORK (AP) _ Shoppers scaling back on discretionary purchases like books and music hurt profits at Barnes & Noble Inc., which said Thursday that its earnings fell 29 percent in the period that included the dismal holiday season _ usually retailers’ busiest time of the year.

MIAMI (AP) _ Perry Ellis International Inc. said Thursday that it lost $21.6 million in the fiscal fourth-quarter as it lowered the value of some trademarks and leasehold improvements and struggled with the promotional holiday season amid a consumer spending pullback.

PLEASANTON, Calif. (AP) _ Ross Stores Inc. said Thursday that its profit edged up 3 percent in the fourth quarter, meeting Wall Street’s expectations, as the discount clothing retailer improved its margins.

EVANSVILLE, Ind. (AP) _ Shoe Carnival Inc. said Thursday that it lost $3 million in its fiscal fourth-quarter, pulled down by higher store closing costs and increased promotions during the holidays.

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