Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.
Profits fell slightly to $73 million vs. $74 million the the same quarter last year.
The company lowered its earning forecast for the year, citing weak consumer spending. The company expects earnings per share for the year to be in the range of $1.70 to $1.85. Analysts had expected $1.86 per share for the full year.
Separately, the Commerce Department said that July's retail sales fell 0.1 percent from June, the weakest showing in five months.
However, retail sales in July were 2.6 percent higher than July, 2007.