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Earnings roundup: TJX, Fortis



By AP
13 May 2008 @ 10:48 am EST

Among the earnings stories for Tuesday, May 13, from AP Financial News:

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Quotes
TJX 19.94 1.47
HPQ 34.64 2.81
WNR 6.7 0.95
GIGM 3.79 0.89
CSIQ 4.06 0.28
HELE 15.06 1.08

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BOSTON (AP) -TJX Cos. says its first-quarter profit rose nearly 20 percent as it continues to draw shoppers increasingly looking for bargains in a tough economy.

AMSTERDAM, Netherlands (AP) -The bank and insurance company Fortis NV said Tuesday its first-quarter earnings fell by 31 percent, as its investments soured and assets declined in value amid market turmoil.

Other stories:

PALO ALTO, Calif. (AP) -Hewlett-Packard Co.'s fiscal second-quarter earnings exceeded expectations and the company raised its full-year financial targets, the computer maker and technology services provider said Tuesday.

EL PASO, Texas (AP) -Western Refining Inc. said Tuesday it swung to a first-quarter loss, as surging crude oil prices and other rising costs more than offset the independent refiner's soaring revenue.

NEW YORK (AP) -Online gaming company GigaMedia Ltd. said Tuesday its first-quarter profit rose on an increase in gaming software sales.

NEW YORK (AP) -Shares of Canadian Solar Inc. surged in premarket trading Tuesday after solar cell maker swung to a profit in the first-quarter on a big increase in its European business.

EL PASO, Texas (AP) -Personal-care and household-products company Helen of Troy Ltd. said Tuesday its fourth-quarter profit jumped 6 percent, helped by tax and litigation settlement gains.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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