Earnings roundup.Earnings Roundup: Bolstered bol·ster n. A long narrow pillow or cushion. tr.v. bol·stered, bol·ster·ing, bol·sters 1. To support or prop up with or as if with a long narrow pillow or cushion. 2. by a huge year at the box office and a solid performance by all its units, Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. saw its fourth quarter profit more than double. Net income for the Burbank-based entertainment company was $782 million, a 106 percent leap from last year, beating analysts' expectations. Revenue was up 14 percent to $8.78 billion. Tarrant Apparel Group reported a third quarter loss of $25.4 million, a big drop from its $1.7 million profit last year. Sales were also down 21 percent because of poorly performing brands from Jessica Simpson and a non-cash charge Non-Cash Charge A charge off, made by a company against earnings, that does not require an initial outlay of cash. Notes: Non-cash charges are typically against the depreciation, amortization, and depletion accounts on a company's balance sheet. of $27.1 million. Image Entertainment Inc. reported a second quarter loss of $3.8 million along with a 4 percent dip in revenue mainly because of two bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most filings in the year from two of the Chatsworth company's biggest DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. sellers. Musicland and Tower Records. Blue Holdings Inc. reported a loss of $400,000, a drastic decrease from a profit of $2.4 million last year, while revenues were up nearly 5 percent to $14.6 million. |
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