CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
CNNMoney.com
Markets & Stocks
graphic

Stocks to watch Friday
Gap, Nordstrom, Sycamore Networks expected to be active after reporting results.
August 19, 2004: 5:49 PM EDT

NEW YORK (CNN/Money) - Investors will look to earnings reports from retailers Gap and Nordstrom as well as a handful of technology companies to move the market Friday morning.

On the retail side, Gap Inc., the largest U.S. specialty apparel retailer, reported a slight decline in quarterly profit, meeting lowered forecasts, after summer clearance sales drew surprisingly small crowds.

The retailer said it earned $194 million, or 21 cents a share, in its fiscal second quarter ended July 31, down from $209 million, or 22 cents a share, a year earlier. Analysts expected earnings of 21 cents a share, according to Reuters.

Shares of Gap (GPS: Research, Estimates) rose slightly in after-hours trading to $20.16.

Upscale department store chain Nordstrom Inc. said quarterly earnings jumped 62 percent as inventory and expense controls boosted profits.

The Seattle-based retailer said earnings for the fiscal second quarter ended July 31 rose to $106.9 million, or 75 cents per share from $65.9 million, or 48 cents per share, a year earlier. Analysts, however, had been expecting Nordstrom to earn 77 cents per share, according to Reuters.

Shares in Nordstrom (JWN: Research, Estimates) dropped over 6 percent to $38 after the bell.

And rounding out the retail reporting, Foot Locker Inc. posted higher quarterly earnings helped in part a lower tax rate and improved sales.

The largest U.S. athletic footwear chain said income from continuing operations rose to $45 million, or 29 cents per share, for the second quarter ended July 31, from $37 million, or 25 cents per share, a year earlier. Analysts expected 29 cents a share, according to Reuters.

The news wasn't enough to motivate trading in Foot Locker (FL: Research, Estimates) after the bell.

In technology, Salesforce.com, which provides Web-based software that manages customers accounts, posted its first quarterly profit as a public company.

For its fiscal second-quarter ended July 31, net income was $1.2 million, or 1 cent a share, compared with a year-ago profit of $122,000, or break-even. The earnings are in line with Wall Street estimates.

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.

The company also raised its guidance for the year, but only to what Wall Street was already expecting.

Shares in Salesforce (CRM: Research, Estimates) shed over 3 percent in after-hours trading.

Autodesk Inc. reported a second-quarter profit 2 cents higher than a year earlier on strong demand for its business software that helps design things from toys to bridges.

Shares in Autodesk (ADSK: Research, Estimates) jumped almost 8 percent to 40.26 in after-hours trading.

And Sycamore Networks, Inc., a leader in optical networking, reported a net loss for the fourth quarter of $9.2 million or 3 cents per share, compared with a net loss of $9.7 million, or 4 cents per share for the fourth quarter 2003. The loss was 1 cent less per share than analysts had predicted, according to Reuters.

Shares in Sycamore (SCMR: Research, Estimates) rose almost 10 percent to $4.08 in after-hours trading.  Top of page




  More on MARKETS
Dow surges to 13-month high
The silence of the bears
Gold continues record run above $1,100
  TODAY'S TOP STORIES
Dow surges to 13-month high
Go the distance - Dividends for the long run
Sprint to slash up to 2,500 jobs




graphic graphic
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.