Earnings Roundup

Macy's Inc (NYSE: M) reported upbeat second-quarter profit and lifted its full-year profit forecast. Macy's reported its quarterly profit at $241 million, or $0.55 per share, up from $147 million, or $0.35 per share, in the year-ago period. Its sales climbed 7.3% to $5.94 billion. However, analysts were expecting a profit of $0.49 per share on revenue of $5.87 billion. Macy's same-store sales climbed 6.4%. Macy's also raised its full-year profit outlook to $2.60 to $2.65 per share, up from its prior forecast of as much as $2.30. Macy's expects second-half profit of $1.74 to $1.79 per share. Analysts were expecting a profit of $1.78 per share in the second half and $2.58 per share for the year.Polo Ralph Lauren Corp (NYSE: RL) reported a strong rise in its first-quarter profit on Wednesday. Polo Ralph Lauren reported its quarterly net income at $184.1 million, or $1.90 per share, up from $120.8 million, or $1.21 per share, in the year-ago period. Its net sales climbed 34% to $1.49 billion. However, analysts were expecting a profit of $1.45 per share on revenue of $1.43 billion.Avnet Inc (NYSE: AVT) reported upbeat fiscal fourth quarter profit, but issued weak Q1 projections. Avnet reported its Q4 net income at $238.8 million, or $1.54 per share. Its adjusted earnings came in at $1.22 per share. Avnet's sales surged 32.6% y/y to $6.91 billion. However, analysts were expecting earnings of $1.15 per share on revenue of $6.95 billion. Avnet projects FQ1 adjusted profit of $0.90 to $0.98 per share on revenue of $6.25 billion to $6.85 billion. Analysts were expecting earnings of $1.03 per share on revenue of $6.74 billion. Avnet's board also authorized a $500 million stock repurchase plan.Kelly Services Inc (NASDAQ: KELYA) reported a rise in its second-quarter profit. Kelly reported its quarterly profit at $18.8 million, or $0.50 per share, up from $3.9 million, or $0.11 per share, in the year-ago period. Excluding a loss from discontinued operations, Kelly's earnings came in at $0.53 per share. Its revenue surged 16% to $1.41 billion. However, analysts were expecting a profit of $0.29 per share on revenue of $1.38 billion.Harman International Industries Inc (NYSE: HAR) reported a 21% rise in its quarterly sales. Harman posted its quarterly operating income at $26 million, flat versus the year-ago period. Excluding special items, Harman's earnings came in at $0.34 per share from continuing operations. The company's quarterly automotive segment sales came in at $760 million.Accretive Health Inc (NYSE: AH) reported a better-than-expected second-quarter profit on Wednesday. Accretive Health reported its quarterly net income at $8.6 million, or $0.08 per share, up from $3.9 million, or $0.04 per share, in the year-ago period. Excluding items, Accretive Health's earnings came in at $0.12 per share. Its net services revenue climbed 21% to $183.6 million. However, analysts were expecting earnings of $0.10 per share on revenue of $203.9 million.IntraLinks Holdings Inc (NYSE: IL) reported upbeat Q2 revenue, but issued weaker-than-expected Q3 profit projections. IntraLinks reported its quarterly net profit at $7 million, or break even on a per share basis, versus a net loss of $3.9 million, or $1.78 per share, in the year-earlier period. Excluding items, IntraLinks' earnings came in at $0.10 per share. Its revenue surged to $53.3 million. However, analysts were expecting a profit of $0.10 per share on revenue of $52.16 million. IntraLinks projects Q3 adjusted profit of $0.11 to $0.13 per share on revenue of $54 to $56 million. Analysts were expecting a profit of $0.14 per share on revenue of $54.9 million.Nestle SA (OTC: NSRGY) reported a 14% decline in its first-half profit. Nestle's profit dropped to 4.7 billion Swiss francs ($6.48 billion), from CHF5.45 billion. in the year-earlier period. Its sales declined to CHF41 billion, from CHF47.09 billion. However, analysts were expecting a profit of CHF4.63 billion on sales of CHF41.06 billion.Commerzbank AG (OTC: CRZBY) reported a 93% drop in its Q2 net profit sank. Commerzbank's net profit declined to €24 million, from €352 million, in the year-earlier period. Its net interest income dropped to €1.79 billion from €1.85 billion. However, analysts were expecting a profit of €53 million.E.ON AG (OTC: EONGY) reported a loss in the second quarter and lowered its 2011 profit projections. E.ON posted a net loss in of EUR1.58 billion, versus a profit of EUR1.63 billion, in the year-ago period. Adjusted for non-recurring items, the company reported an after-tax loss of EUR382 million, versus a profit of EUR1.25 billion. Its adjusted Ebitda came dropped to EUR855 million, from EUR3.38 billion. E.ON's revenue surged about 35% y/y to EUR25.2 billion, from EUR18.62 billion. E.ON now projects full-year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between EUR9.1 billion and EUR9.8 billion, versus its earlier range of EUR10.7 billion-EUR11.4 billion. Cathay Pacific Airways Ltd (OTC: CPCAY) reported a 59% drop in its first-half net profit. Cathay Pacific's net profit dropped to HK$2.81 billion, from HK$6.84 billion, in the year-ago period. However, analysts were expecting a net profit of HK$1.54 billion. Its revenue climbed 13% to HK$46.79 billion from HK$41.34 billion.Adecco SA (OTC: AHEXY) reported a 45% rise in its Q2 net profit. Adecco's quarterly net profit surged to EUR141 million from EUR97 million, versus analysts' estimates of EUR125 million. Its sales rose 11% to EUR5.17 billion from EUR4.65 billion.Standard Life PLC (OTC: SLFPF) reported a 44% surge in its first-half profit. Standard Life's operating profit jumped to GBP262 million, from GBP182 million, in the year-earlier period, versus analysts' estimates of GBP198 million. Its net profit climbed 9% to GBP199 million. Standard Life announced its plans to pay an interim dividend of 4.6 pence per share, up from 4.35 pence, in the year-ago period.GDF Suez SA (OTC: GDFZY) reported a decline in its first half net profit. GDF Suez reported an 8.2% increase in earnings before interest, tax, depreciation and amortization, (EBITDA). The group reported a 7.9% rise in its revenue to EUR45.7 billion. However, analysts were expecting EBITDA of EUR 8.79 billion. Its net profit dropped 24% to EUR2.7 billion.