Hewlett-Packard (NYSE:HPQ) is the latest large American company to announce it would buyback many more of its shares. This has become popular once again among the cash rich in the Fortune 500. McDonald’s (NYSE:MCD) and IBM (NYSE:IBM) have become particularly aggressive.
The arguments against share buybacks are old and hardly worth repeating except for the fact that as a rising number of companies adopt the practice returning to the case the these harm shareholders keeps the debate fresh. Read More
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Earnings season has mostly wound down, but as always at least some major companies are reporting earnings. Some are actually market-movers as well and it is a short week with earnings out only Monday and Tuesday, with a few on Wednesday. On deck are Hewlett-Packard Company (NYSE: HPQ), Tyson Foods Inc. (NYSE: TSN), Campbell Soup Co. (NYSE: CPB), LDK Solar Co. Ltd. (NYSE: LDK), Tech Data Corp. (NASDAQ: TECD), Barnes & Noble, Inc. (NYSE: BKS), Borders Group, Inc. (NYSE: BGP), J. Crew Group, Inc. (NYSE: JCG), Dollar Tree Inc. (NASDAQ: DLTR), and Deere & Co. (NYSE: DE).
Dell Inc. (NASDAQ: DELL) reported earnings of $0.17 EPS as a headline, but the clean number is $0.23 EPS on a non-GAAP basis and $12.9 billion in revenues. Thomson Reuters had estimates pegged at $0.28 for non-GAAP EPS and $13.18 billion in revenues.
Dell Inc. (NASDAQ: DELL) is set to report earnings after the closing bell today. Thomson Reuters has estimates pegged at $0.28 EPS and $13.18 billion in revenues. For the coming quarter those estimates are $0.30 EPS and $13.54 billion in revenues. We have heard whisper numbers of $0.29 EPS and even higher, and the highest estimates look to be $0.30 EPS and just over $13.5 billion in revenues. The numbers and guidance are going to be closely looked at, perhaps even more than the bulk of the rest of the commentary.
The earnings season is mostly winding down, but we still have a slew of retail earnings in the apparel and home categories. On Thursday alone, we have earnings from Dick’s Sporting Goods Inc. (NYSE: DKS), Foot Locker Inc. (NYSE: FL), Gap Inc. (NYSE: GPS), Ross Stores, Inc. (NASDAQ: ROST), Sears Holdings Corporation (NASDAQ: SHLD), The Buckle (NYSE: BKE), The Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Wet Seal Inc. (NASDAQ: WTSLA), Williams-Sonoma (NYSE: WSM), and Zumiez, Inc. (NASDAQ: ZUMZ).









