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Daily Archives: April 22, 2009

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Apple (AAPL): The iPhone Saves The Day

Posted: April 22, 2009 at 3:48 pm

Apple (AAPL) posted financial results for its fiscal 2009 second quarter ended March 28, 2009. Revenue was $8.16 billion and  net quarterly profit was $1.21 billion, or $1.33 per share. These results ...
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eBay Lackluster, But Not Too Pessimistic (EBAY)

Posted: April 22, 2009 at 3:27 pm

eBay Inc. (NASDAQ: EBAY) has just posted its first quarter earnings.  The online auction giant reported a non-GAAP earnings of $0.39 EPS and $2.02 billion in revenue.  Thomson Reuters had ...
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VMware Proves Virtualization Not Recession-Proof (VMW, EMC)

Posted: April 22, 2009 at 3:14 pm

VMware Inc. (NYSE: VMW) has just posted its first quarter earnings.  The true leader in the emerging field of virtualization reported a non-GAAP earnings of $0.25 EPS and $470.3 in ...
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24/7 Wall St. – Stocktwits Market Trends: After earnings, which direction does Apple go? (AAPL, T)

Posted: April 22, 2009 at 2:05 pm

In the midst of this earnings season, all eyes are on Apple which reports today after the market close. There are a number of resident Apple experts on StockTwits, many ...
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Banks Commit $337 Million To Utah Wind Power Project (RBS, STD, KEY, CS, GE)

Posted: April 22, 2009 at 1:59 pm

An independent wind energy developer called First Wind announced today that it has obtained $376 million in financing for its wind generation project in Milford, Utah.  This is for a ...
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Overstock’s Earnings Still Under ‘The O’ (OSTK)

Posted: April 22, 2009 at 1:18 pm

Overstock.com, Inc. (NASDAQ: OSTK) has just reported earnings.  The online 'overstock' retailer, or "The O," has posted an 8% decline in revenue of $187.4M and a net loss at -$0.09 ...
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IMF Sets Meager Global Output Targets For 2009 & 2010

Posted: April 22, 2009 at 12:57 pm

The International Monetary Fund is out with yet another gloomy projection today.  We had already seen the reports of another $4.1 trillion in writedowns being needed, but this morning the ...
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Obama Wants Saturn for Earth

Posted: April 22, 2009 at 12:28 pm

By Matthew DeBord of The Big Money The Big Money's Chadwick Matlin and I were trading email a few days ago about Obama and Saturn. He made an excellent point: that ...
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GM (GM) Won’t Make $1 Billion Debt Payment On June 1, Shares Trade Flat

Posted: April 22, 2009 at 12:06 pm

Missing a $1 billion debt payment should be bad news. According to The Wall Street Journal, GM's (GM) CFO said it would not meet its obligation on June 1. In ...
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Deciphering Apple & Microsoft Earnings Expectations (AAPL, MSFT)

Posted: April 22, 2009 at 11:32 am

Apple Inc. (NASDAQ: AAPL) is set to report earnings after the close of trading today, and Microsoft Corporation (NASDAQ: MSFT) is set to report earnings after the market close tomorrow.  ...
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Oil ETF’s Hit As Crude Inventory Keep Rising (USO, OIH)

Posted: April 22, 2009 at 9:45 am

The Department of Energy released its weekly oil inventory data and again we saw another build-up of black gold.  This increase has started to hit the United States Oil (USO) ...
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When Two Partners Quit, Will the Third One Sue? (EPD, EPE, TPP)

Posted: April 22, 2009 at 9:19 am

Master limited partnership Enterprise Products Partners L.P. (NYSE:EPD) has announced that it will pull out of a partnership with an affiliate of Oiltanking Holdings America, Inc., a subsidiary of privately-held ...
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Precision Drilling Wins With Grey Wolf Addition (PDS, BJS, HAL, WFT)

Posted: April 22, 2009 at 8:54 am

Precision Drilling Trust (NYSE:PDS) reported net first quarter 2009 earnings per common unit of about $0.26, off 62% from the same period a year ago. Revenues grew almost 31%, from ...
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Mining Earnings Plummet (FCX, ABX, GG)

Posted: April 22, 2009 at 8:09 am

Now this is what really bad news looks like. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) reported first quarter 2009 EPS of $0.11 on net income of $43 million, compared with ...
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CFO Death Only Clouds Freddie Mac & Fannie Mae Further (FRE, FNM)

Posted: April 22, 2009 at 7:56 am

If you thought that things could not get much stranger at Freddie Mac (NYSE: FRE) or at Fannie Mae (NYSE: FNM), they may have taken an even stranger turn than ...
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