Earnings roundup: Stanley Furniture, Xilinx

Earnings roundup: Stanley Furniture posts wider 3Q loss, Xilinx 2Q profit slides 21 percent

• On 6:27 pm EDT, Wednesday October 14, 2009

Among the earnings stories for Wednesday, Oct. 14, from AP Financial News:

STANLEYTOWN, Va. (AP) -- Stanley Furniture Co. on Wednesday reported a wider third-quarter loss as cash-strapped consumers continued to avoid big-ticket purchases of items like wood furniture.

SAN JOSE, Calif. (AP) -- Chip maker Xilinx Inc. said Wednesday its fiscal second-quarter profit declined 21 percent, hurt by lower revenue.

SAN DIEGO (AP) -- Consumer products maker WD-40 Co. said Wednesday its fiscal fourth-quarter profit soared nearly 64 percent, helped by lower costs and slightly higher sales.

NEW YORK (AP) -- Shares of communications equipment maker Adtran Inc. hit a 52-week high Wednesday after the company posted higher-than-expected profit and sales for the third quarter.

SAN RAFAEL, Calif. (AP) -- Westamerica Bancorporation said profit soared in the third quarter as income improved and it reduced losses from investments and unpaid loans.

NEW YORK (AP) -- JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned would continue for the foreseeable future.

CHICAGO (AP) -- W.W. Grainger Inc., a facilities maintenance provider, said Wednesday its third-quarter profit rose 3 percent as stronger pricing and cost cutting offset weaker volume.

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