Earnings Report

Macy's is reporting a 26 percent drop in profits and a sales shortfall after it was hobbled by weak tourist spending and West Coast port delays in the second quarter.

Shares of Noodles & Co. plunged Friday after the company reported disappointing second-quarter results and cut its outlook for the year as it faces flat overall sales and weakness in new markets.

Shares of Keurig Green Mountain Inc. plunged more than 26 percent Thursday following disappointing quarterly sales that reflected a downturn in coffee machine sales and increased competition in the office market.

Italian bank UniCredit says its second-quarter profit jumped 30 percent as provisions for bad loans dropped amid a recovery in Italy's economy.

Time Warner Inc. (TWX) on Wednesday reported second-quarter earnings of $971 million.

Ralph Lauren Corp. (RL) on Wednesday reported fiscal first-quarter profit of $64 million.

Lumber Liquidators Holdings Inc. (LL) on Wednesday reported a second-quarter loss of $20.3 million, after reporting a profit in the same period a year earlier.

Coach Inc. (COH) on Tuesday reported fiscal fourth-quarter earnings of $11.7 million.

China's stock market rebounded while other Asian stocks also mostly gained Friday after data showed the U.S. economy posted solid growth during the second quarter.

Shares of Mondelez International Inc. jumped Thursday after the snack maker reported better-than-expected earnings for the second quarter due to reduced expenses.

Puerto Rico's government says overall general fund revenue collected this past fiscal year was more than $600 million below what was estimated amid a worsening economic crisis.

Under Armour Inc. (UA) on Thursday reported second-quarter net income of $14.8 million.

Southwest Airlines Co. (LUV) on Thursday reported second-quarter profit of $608 million.

Swiss bank Credit Suisse Group AG says second quarter net income was a strong 1.051 billion Swiss francs ($1.096 billion) after a large loss in the same quarter last year when it was fined in a U.S. tax case.

So far, second-quarter earnings have been like Christmas in July on Wall Street.

Shares of Mead Johnson Nutrition are falling after the infant formula maker forecast a weak second quarter and cut its estimates for the year, saying sales in China were disappointing and discounts were steep.

After fretting over a Greek bailout, a collapse in Chinese stocks and the timing of an interest rate increase, investors are hoping U.S. corporate earnings will bring more reassuring news this month.

Loan servicing company Navient is cutting its expectations for the year because of weakened credit trends on some student loans and a drop in loans that are coming out of deferment.

Shares of QLogic Corp. plunged 19 percent in morning trading Thursday after the network infrastructure company lowered its first-quarter profit and sales outlook.

Hershey is expected to cut about 300 jobs by the end of the year as it looks to simplify its operations.