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Monday, June 8

Pall profit falls 30% on weak industrial sales (5:46 pm ET)
SAN FRANCISCO (MarketWatch) -- Pall Corp. (PLL: news, chart, profile) reported late Monday fiscal third-quarter net income fell to $44.2 million, or 37 cents a share, from $63.3 million, or 51 cents, a year ago. Excluding restructuring costs and other one-time items, the filtration specialist earned 42 cents a share compared with 51 cents a year earlier. Revenue for the three months ended April 30 fell 16% to $555.9 million from $661.7 million, with a drop in industrial sales outpacing gains in medical filteration sales. Analysts polled by FactSet Research predicted the East Hills, N.Y. company would earn 41 cents a share on $558 million in revenue. Pall shares closed ahead of the report with a 25-cent gain at $26.85.

Men's Wearhouse profit slides to 10 cents a share(4:21 pm ET)
SAN FRANCISCO (MarketWatch) -- Men's Wearhouse (MW: news, chart, profile) late Monday reported its first-quarter net income fell to $5.26 million, or 10 cents a share, from $9.94 million, or 19 cents a share, in the same quarter last year. The profit beat analyst expectations for a loss of 1 cent a share, according to analysts surveyed by FactSet Research. Revenue also decreased to $464.1 million from $491.1 million, men's clothing retailer said. In the second quarter, the company expects earnings in a range of 56 cents to 60 cents a share.

Energy stocks retreat with broad market, (9:35 am ET)
NEW YORK (MarketWatch) -- Energy stocks fell with the broad market on Monday as oil prices retreated. The Amex Oil Index (XOI: news, chart, profile) fell 0.9%. The Amex Natural Gas Index (XNG: news, chart, profile) dropped 1% to 441. The Philadelphia Oil Service Index ($OSX: news, chart, profile) retreated 1.2% to 177.

General Mills raises fiscal 2009 outlook(12:30 am ET)
LOS ANGELES (MarketWatch) -- General Mills Inc. (GIS: news, chart, profile) said early Monday that it expects to report fiscal 2009 earnings per share that are "several cents" higher than its most recently announced estimates of $3.87 to $3.89 a share, excluding certain items. The higher outlook reflects "good operating performance and a lower fourth-quarter tax rate," the Minneapolis-based company said. General Mills expects to report complete fourth-quarter and full-year results on July 1.