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Earnings roundup: Citigroup, CSK Auto



By AP
18 April 2008 @ 05:55 pm ET

Among the earnings stories for Friday, April 18, from AP Financial News:

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NEW YORK (AP) Citigroup's 9,000 job cuts and $14 billion in write-downs suggest that even if the worst of the credit market volatility is over, the industry is now in a conservative, cost-cutting mode.

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PHOENIX (AP) Automotive-parts retailer CSK Auto Corp. on Friday said its fiscal fourth-quarter loss widened as sales declined.

HARTFORD, Conn. (AP) Xerox Corp. said Friday that a litigation charge left it with a loss of $244 million in the first quarter, but its results excluding the one-time item matched Wall Street expectations.

SECAUCUS, N.J. (AP) Syms Corp., a discount clothing retailer, said Friday fiscal fourth-quarter profit fell 92 percent as sales dropped.

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 This material may not be published, broadcast, rewritten or redistributed.

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