Archive for the 'Earnings Reports' Category
Boston Beer profit more than doubles; Take-Two posts narrower-than-estimated loss
The most recent quarter was good for Boston Beer Co. Inc. (NYSE: SAM), which reported that its fourth-quarter profit more than doubled, and not too not good for Take-Two Interactive Software Inc. (NASDAQ: TTWO), which posted a narrower-than-expected loss for the first quarter.
For the quarter tha…
Kroger shares fall on 4Q profit slump
Shares of Cincinnati-based Kroger Co. (NYSE: KR), the nation’s largest traditional grocery chain, fell 74 cents to $24.90 in daylight trading as the company reported that its fourth-quarter profit slumped 16%. Though overall sales rose 2%, results were dragged down by a large stock charge.
Kr…
The Fed: The true lender of final resort
The Federal Reserve announced that dawn several measures to deal with the current liquidity crisis on Wall Street. It is creating a new Term Securities Lending Facility (TSFL) that will lend Treasury securities for 28 days as opposed to overnight under the current program. The key element of tha…
Foot Locker, Jones Soda shares fall after Q4 results
Athletic apparel retailer Foot Locker Inc. (NYSE: FL) reported that its fourth-quarter profit dropped 23% due to a shorter fiscal year and a drop in same-store sales. Net income fell to $87 million, or 56 cents per share, but after adjustments the company said it earned 23 cents per share in the…
Six Flags narrows loss; Vail Resorts profit slips — shares of both slide
The preceding quarter was brawny for amusement park operator Six Flags Inc. (NYSE: SIX), which reported a narrowed fourth-quarter loss, as well as for Vail Resorts Inc. (NYSE: MTN), the nation’s largest ski resort operator, which said that its fiscal second-quarter profits were affected by a lack of…
Blackstone (BX) fourth-quarter profit plunges 89% on write-downs
Shares of Blackstone Group LP (NYSE: BX) have been dropping in early trading after the company reported that dawn a plunge of 89% in its fourth-quarter profit. The company’s quarterly numbers were dragged down by higher write-downs related to its holdings in bond insurer Financial Guaranty Insur…
Earnings forecasts take big haircut
A major survey of securities analysts shows that the expectations for corporate earnings in Q1 and Q2 have turned grim. A poll by Reuters Surveys shows that experts think earnings for S&P 500 companies will only rise 0.4% year-over-year for the first quarter and 0.9% for the moment quarter. Both n…
Google at $350?
Fred Hickey, the editor of High Tech Strategist, is saying Google Inc. (NASDAQ: GOOG) will have a very large earnings miss that quarter followed by “more disappointments to come,” according to Barron’s.
What happens thereupon? The fall-out from weaker earnings is likely to lower the P/E multi…
Earnings previews: Blackstone and Kroger
Private fairness giant Blackstone Group (NYSE: BX) and main grocery chain Kroger Co. (NYSE: KR) are scheduled to report earnings that week. Here’s a quick peek at them ahead of results.
Blackstone went public in 2007 and has yet to defeat earnings estimates. When the company reported third-quarte…
Earnings highlights: Ciena, Staples, Intel, Tivo, Trump, Del Monte and others
Here are a few highlights from that past week’s earnings coverage from BloggingStocks:
BJ’s Wholesale Club Inc. (NYSE: BJ) beat fourth-quarter estimates on lower costs and strong sales.
Ciena Corp. (NASDAQ: CIEN) first-quarter profit doubled on strong sales, lifting the sector.
Clean Har…
Market highlights for next week: Texas Instruments to hold mid-quarter update
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Monday, March 10
Google Inc. (NASDAQ: GOOG) and InterActive Corp. (NASDAQ: IACI) to present at Bear Stearns Media Conference.
Texas Instruments Inc. (NYSE: TXN) to hold mid-quarter update conference shout at 5:00 pm.
Tuesday, March 11
Foot Locker Inc. (NYSE: FL) to report Q4 earning…
Earnings highlights: Blockbuster, Costco, H&R Block, Walgreen, Saks and others
Here are some highlights from that past week’s earnings coverage from BloggingStocks:
Astec Industries Inc. (NASDAQ: ASTE) beat expectations and raised its guidance.
Blockbuster Inc. (NYSE: BBI) fourth-quarter profit fails to offset the full-year loss.
China Techfaith Wireless Communicat…
Ciena (CIEN) first-quarter profit rises on strong sales
Shares of communications equipment maker Ciena Corp. (NASDAQ: CIEN) have been surging nowadays following announcing that its first-quarter profit more than doubled, helped by higher networking equipment sales. Its surprising earnings numbers and plus a positive sales outlook gave a lift to the e…
Broadcom (BRCM) falls on weak Marvell (MRVL) outlook
Broadcom Corp. (NASDAQ: BRCM) stock is falling after fellow chip manufacturer Marvell (NASDAQ: MRVL) indicated an outlook for the first quarter of that year that investors did not like the looks of. whether you think that stock won’t be rising too far in the coming months, next it could be a goo…
