Company EarningsInvestor's Business Daily - The coffee-and-doughnuts chain said Q1 earnings rose 2% to 50 cents, meeting analyst views. Sales grew 10% to $667.7 mil, missing estimates. The company's results were impacted by costs from food and drink prize giveaways as part of a 25th anniversary celebration for the company, Canada's largest quick-service restaurant chain, with about 3,600 restaurants in N. America. Rough weather conditions, including snowstorms, also hurt Tim Horton's results in key U.S. markets. It fell 4.7% to 47.56.
Company Earnings
Summary Box: Commodities lift pulls stocks higher (AP)
AP - PLAYING DEFENSE: Consumer staples and health care stocks led the market due in part to concerns that high gas prices will erode consumer spending and cut into corporate earnings. Coca-Cola, McDonald's and Kraft Foods were among the day's biggest gainers
Nordstrom 1Q net income up 25 percent (AP)
AP - Upscale retailer Nordstrom Inc. reported Thursday that its first-quarter net income rose 25 percent as its revenue improved.
Summary Box: Kohl's 1Q profit up; boosts outlook (AP)
AP - SOLID EARNINGS: Kohl's earned $211 million, or 73 cents per share, for the period ended April 30. That's up from $199 million, or 64 cents per share, a year earlier. The performance met the expectations of analysts surveyed by FactSet.
Kohl's 1Q profit climbs, lifts full-year outlook (AP)
AP - Kohl's Corp.'s first-quarter net income climbed 6 percent as its move to control expenses like inventory and strength in its store-label brands made up for a more modest revenue increase overall.
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