DOW JONES NEWSWIRES 
 

Below is a synopsis of major quarterly releases from Thursday night and Friday morning:

Gap Profit Falls Slightly But Beats Views; Sales Down

Casual clothing retailer Gap Inc. (GPS) posted a 0.4% drop in profit, narrowly beating expectations, even as it posted lower sales across all four of its divisions. Margins and online sales improved. Shares rose 2.9% to $19.40.

Salesforce.com Net Doubles On Revenue Growth, Boosts Year View

Salesforce.com Inc.'s (CRM) profit more than doubled amid strong revenue growth, leading the company to raise its views for the fiscal year. Higher-than-expected revenue and earnings per share and a raised full-year 2010 outlook will help allay some recent concerns that the San Francisco-based company, which specializes in on-demand business software, was experiencing a transition to a lower growth phase. Shares soared 16% to $53.50.

Intuit's Red Ink Swells; Shares Off As Outlooks Disappoint

Intuit Inc.'s (INTU) loss widened as revenue edged down, but the tax and accounting software company topped Wall Street expectations. The company offered guidance for the current quarter and for fiscal 2010 that falls short of Wall Street expectations. Shares declined 7.2% to $28.63.

Mentor Graphics Loss Widens As Margins Fall; Shares Up On View

Mentor Graphics Corp.'s (MENT) loss - its sixth in the past two years - widened on lower margins. Shares jumped 14% to $9.05 as the chip-design software company's results topped its forecast. Mentor also forecast fiscal third-quarter results above analysts' estimates.

Foot Locker Breaks Even Amid Lower Sales, Margins; Misses Estimates

Foot Locker Inc. (FL) roughly broke even, compared with a profit in the prior year, as the company posted lower revenue and margins. Results missed Wall Street views, sending shares down 8.3% to $10.36.

Volume Increases, Folger Deal Spur JM Smucker Profit

J.M. Smucker Co.'s (SJM) earnings more than doubled, driven by its Folgers acquisition and volume increases at its U.S. retail businesses, exceeding Wall Street expectations. The company said fiscal-year earnings are more likely to be at the higher end of its June estimate. Shares climbed 4.5% to $54.22.

AnnTaylor Swings To Loss On Restructuring

AnnTaylor Stores Corp. (ANN) swung to a loss, its fourth straight, on restructuring charges and falling sales as rising unemployment continues to hurt the professional-women's apparel market, though bottom-line results beat its expectations. Shares edged down 1.1% to $12.68.

Brocade Swings To Loss On Higher Expenses; Rev Misses Estimates

Brocade Communications Systems Inc. (BRCD) swung to a loss on lower margins and higher expenses, despite a 35% increase in revenue. The data-storage networking company posted its third quarterly loss in a row. Its adjusted earnings topped Wall Street's expectations though revenue was short of analysts' estimate. Sahres fell 5.2% to $7.64

ScanSource Earnings Dip On Rev Decline But Shares Rise On Forecast

ScanSource Inc.'s (SCSC) earnings fell 14% as the distributor of security devices such as barcode scanners and card readers posted a double-digit decline in revenue. Still, the company offered surprisingly strong revenue guidance for the current quarter, sending shares up 8.9% to $30.35.

Nordson Profit Sags on Lower Sales; Estimates Top Street Views

Nordson Corp.'s (NDSN) profit dropped 26% on lower sales, and the company predicted higher fiscal fourth-quarter and fiscal-year results than analysts had estimated. The dispensing-equipment maker's results also topped its own and Wall Street's forecasts. Shares climbed 9.1% to $54.38.

Verigy Swings To Loss On Declining Sales, Margins

Verigy Ltd. (VRGY) swung to a loss as sales dropped by more than half and margins sagged. Shares fell 9.8% to $11.03, even as the semiconductor-testing company's results topped estimates and it predicted fiscal fourth-quarter results in line with estimates.