Posts related to ‘Earnings’

Top 10 Earnings on Deck This Week (ERTS, ENER, PCLN, SQNM, TYC, AMAT, M, JWN, WMT, DIS)

bull-and-bear-image2Earnings season has wound down now with over 85% of the S&P 500 Index having reported.  Still, there are some key companies posting their quarterly results and some companies were screened out of this list which are still actively traded or widely held stocks.  Electronic Arts Inc. (NASDAQ: ERTS), Energy Conversion Devices, Inc. (NASDAQ: ENER), Priceline.com Inc. (NASDAQ: PCLN) and Sequenom Inc. (NASDAQ: SQNM) are on deck Monday. Also this week are earnings from Tyco International Ltd. (NYSE: TYC), Applied Materials Inc. (NASDAQ: AMAT), Macy’s, Inc. (NYSE: M), are Nordstrom Inc. (NYSE: JWN). Wal-Mart Stores, Inc. (NYSE: WMT) and Walt Disney Co. (NYSE: DIS) are our two DJIA components reporting this week.

We have included Thomson Reuters consensus estimates and included performance and other important color where applicable.  We have shown the share performance since the March 9 close that traders mark as the official end date of the bloody bear market.  One issue to consider is that we used the performance since June 30 to keep consistency for our prior previews even though some of the quarter-ends this coming week are technically August 31.
Read More »

Posted on: November 8, 2009 – 10:26 am in Alternative Energy, Calendar, Cult Stock, Earnings, Green Biz, Retail, Semiconductor, Short Interest, , , , , , , , , ,

Buffett & Berkshire Earn Dough (BRK-A, BRK-B, BNI, MCO)

buffettimage-gates-foundationWarren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) has just reported its Q3-2009 earnings ahead of the formal expectations.  This will be perhaps one of the last similar earnings reports with a relative comparisons because of its recent acquisition of Burlington Northern Santa Fe (NYSE: BNI).  The ongoing selling of Moody’s Corp. (NYSE: MCO) will be very limited in comparison to what change the railroad addition will make.

We were expecting the insurance operations to have a stellar quarter because there were no real storms that made landfall this year in hurricane season.  Thomson Reuters figures are hard to rely upon because of two issues.  There are very few ‘official estimates’ and there are many items inside the Berkshire Hathaway earnings that Buffett includes outside of what other companies include.  The consensus estimates was listed as $1,308.25 per share, but that is again a difficult number to use as a formal estimate.  Net earnings per share was $2,087 and operating earnings were $1,325 per share.  The key metrics are what we want to focus on today.

Read More »

Posted on: November 6, 2009 – 5:10 pm in Banking, Buffett, Conglomerates, Earnings, , , ,

Starbucks (SBUX) And The Recovery Of The Upper Classes

bucksStarbucks (NASDAQ:SBUX) does not hand out information about the demographics of its customers, but they are not likely to be people who are poor, indigent, or even lower middle class. The coffee firm announced unexpectedly good earnings and offered a fairly optimistic forecast for its next fiscal year. For its quarter ending September 27, EPS grew from $.01 last year to $.20 and revenue dipped slightly to $2.4 billion.

It needs to be granted that much of the improvement in Starbucks’ bottom line was due to brutal cost cutting, but the tactic worked and that has helped the stock triple in less than a year. Read More »

Posted on: November 6, 2009 – 5:56 am in Earnings, Editor's Picks,

Fannie Mae (FNM), In Trouble Again, Begs For $15 Billion

bearFannie Mae (NYSE:FNM) recorded a net loss of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss attributable to common stockholders was $19.8 billion, or $3.47 per diluted share.

For the third quarter of 2008, the net loss was $29.0 billion, and the net loss attributable to common stockholders was $29.4 billion, or $13.00 per diluted share. Read More »

Posted on: November 5, 2009 – 5:21 pm in Earnings, ,

Starbucks (SBUX) Caffinated

bucksStarbucks (NASDAQ:SBUX) posted good earnings .  Revenue for the quarter ending September 28, 2009 was $2.4 billion compared to $2.5 billion in the same quarter. For the period, EPS was $.20 compared to $.01 last year.

The news that heartened investors was that Starbucks CFO said “we are increasing our non-GAAP EPS outlook for fiscal year 2010 to a range of 15% to 20% growth over fiscal 2009.” Read More »

Posted on: November 5, 2009 – 4:55 pm in Earnings,

52-Week High Club

CareFusion Corp. (NYSE: CFN)  rose over 6% to a yearly hight of $24.34  after reporting first quarter earnings of 39 cents per share, beating analyst estimates.  The company also increased its earnings forecast for next year.

Viacom Inc. (NYSE: VIA) rose close to 4% to a yearly high of $31.63, continuing its rise following its earnings release.  The company posted a 15% increase in profits, to 76 cents per share.

Garrett W. McIntyre

Posted on: November 5, 2009 – 4:22 pm in Earnings, Healthcare, Media, ,

SIRIUS XM Heading Mostly in Right Direction (SIRI)

SIRIUS LogoTrusting analyst estimates on penny stocks and cult stocks is a tricky business.  But SIRIUS XM Radio Inc.(NASDAQ: SIRI) is trading up on heavy volume after its earnings this morning.  The satellite radio monopoly had a 27% revenue gain to $618.7 million, which included some of the XM Radio gains from the merger.  Earnings were a net loss of $149.2 million or -$0.04 EPS, but this included a charge of $138 million.  If you back out the charges and items, SIRIUS managed a non-GAAP $106 million profit vs a non-GAAP loss of $37 million a year ago.  On an EPS basis, that would break-even. The estimates from Thomson Reuters were -$0.02 non-GAAP EPS and $608.7 million in revenue.
Read More »

Posted on: November 5, 2009 – 9:20 am in Earnings, Media, Satellite,

The Cisco (CSCO) Kid Puts On A Rally Cap

TVRouter and video infrastructure giant Cisco (NASDAQ:CSCO) posted better-than-expected quarterly numbers for the period ending October 24, its first fiscal of the year. Revenue fell 13% to $9 billion. EPS was $.39, down 19%.  Cisco’s stock rose almost $1 to $24.17.

The company’s surprise announcement was that it will buy back $10 billion of stock. Cisco has as much M&A activity as any large tech company in the world. The idle cash being used for the buyback must not be needed for future acquisitions. Cisco’s board had previously authorized up to $62 billion in stock repurchases. Read More »

Posted on: November 4, 2009 – 4:15 pm in Earnings, Technology Companies,

Kraft’s (KFT) Latest Chess Move: Up Guidance Ahead Of Cadbury Bid

magazinKraft (NYSE:KFT) improved is chances of making a viable bid for Cadbury before the UK government deadline of November 9. The US company beat expectations and raised guidance. Its shares dropped 2% to $27.10, probably because the company’s shareholders feel that they are better off without the integration risks that a Cadbury deal represents.

Revenue declined 5.7% to $9.8 billion. Operating income increased 38.7% from the same quarter last year to $1.42 billion. EPS from continuing operations were $0.55. Read More »

Posted on: November 3, 2009 – 4:38 pm in Earnings,

True Religion: Raised Guidance A Warning (TRLG)

TRLG LogoThe great growth mystery of True Religion Apparel Inc. (NASDAQ: TRLG) might be coming in too light.  After the close of trading, the high-end, or at least high-priced, jean and apparel maker posted earnings of $0.58 EPS on $82.4 million in revenues.  While that is still growth in revenues, this is under the Thomson Reuters estimates of $0.59 EPS and $84.62 million in revenues.  There is “raised guidance” from the company, but there are issues despite revenues being up almost 4% from a year ago.
Read More »

Posted on: November 3, 2009 – 4:23 pm in Apparel, Earnings, Earnings Warning,

52-Week High Club

Burlington Northern Santa Fe Corp (NYSE: BNI) surged close to 30% to a yearly high of $97.59 following news that Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) will be buying the freight rail operator for $100 per share, which places the value of the company at $44 billion.

The Black & Decker Corporation (NYSE: BDK) rallied close to 30% to a yearly high of $61.79  following news that the tool makers has agreed to be purchased by Stanley Works (NYSE: SWK) in an all stock deal valued at $4.5 billion.

Cognizant Technology Solutions Corp (NASDAQ: CTSH) rose over 8% to a yearly high of $42.40.  The computer services and technology consulting company announced that its 3Q 09 profit rose roughly 21%, beating analyst estimates.  The company also raised its 2009 profit estimate to $1.88 per share from $1.78 per share.

Landry’s Restaurants (NYSE: LNY) rose over 25% to a yearly high of $13.99.  The restaurant, hospitality and entertainment company following rose on news that the company’s chief executive, Timothy J. Fertitta has agreed to purchase the company for $14.75 per share, or $1.2 billion.

Garrett W. McIntyre

Posted on: November 3, 2009 – 4:03 pm in Buffett, Consumer Goods, Earnings, Food, Hardware, Mergers and Buy Outs, Technology Companies, , , , , , ,

Wednesday Hangs on Key Tech/Media Earnings (CSCO, CMCSA, QCOM, TWX, VG)

Bull and Bear ImageWe have four key earnings for technology and media investors and traders due on Wednesday, and one key cult stock.  The two biggest for tech which can impact all components of their related sub-sectors are Cisco Systems Inc. (NASDAQ: CSCO) and QUALCOMM Inc. (NASDAQ: QCOM).  Then in media and communications will be Comcast Corporation (NASDAQ: CMCSA) and Time Warner Inc. (NYSE: TWX).  Lastly, there is one of Wall Street biggest cult stocks with Vonage Holdings Corp. (NYSE: VG) on deck.  We have provided Thomson Reuters consensus estimates, and, where applicable, key performance measures and added color on each.
Read More »

Posted on: November 3, 2009 – 2:23 pm in Calendar, Cult Stock, Earnings, Media, Technology Companies, Telecom, , , , ,

Mixed Earnings Metrics on Chesapeake (CHK)

Nat Gas PicChesapeake Energy Corporation (NYSE: CHK) has put to bed at least some of the concerns over how much lower natural gas prices seen earlier this year were going to affect its earnings performance.  But there is some data here for bulls and bears alike.  The company’s third quarter adjusted net income was $440 Million, or $0.70 EPS on Revenue of $1.8 billion.  Thomson Reuters had estimates pegged at $0.65 EPS and $1.96 billion in revenues.
Read More »

Posted on: November 2, 2009 – 4:27 pm in Earnings,

A Little Miracle At Ford (F)

fordThe UAW rank-and-file may have given Ford a little fit over the weekend by voting down a contract with the No.2 US car company.

Monday dawned a better day as Ford may the surprise announcement that it made $1 billion in the third quarter. The firm reported net income of $997 million, or $.28 per share, an improvement of $1.2 billion from the third quarter of 2008. Pre-tax operating profit totaled $1.1 billion, an improvement of $3.9 billion from a year ago. It was Ford’s first pre-tax operating profit since the first quarter of 2008. Read More »

Posted on: November 2, 2009 – 8:29 am in Autos, Earnings, , ,

The Unusual Suspects (BEAT, CIT, CIT-PZ, GNW, GFIG, HGSI, GSK, MCO, BRK-A, RVSN, CSCO)

bull-and-bear-image2Earnings season is seeming to wind down here, but that won’t stop the unusual suspects of key equity events and issues to watch this coming week.  We are looking into key issues for the coming week in the stocks of CardioNet, Inc. (NASDAQ:BEAT), CIT Group, Inc. (NYSE: CIT), Genworth Financial Inc. (NYSE:  class=GNW), GFI Group Inc. (NASDAQ: GFIG), Human Genome Sciences Inc. (NASDAQ: HGSI), GlaxoSmithKline Plc (NYSE: GSK), Moody’s Corp. (NYSE: MCO), Berkshire Hathaway Inc. (NYSE: BRK-A), RADVISION Ltd. (NASDAQ: RVSN) and Cisco Systems Inc. (NASDAQ: CSCO).
Read More »

Posted on: November 1, 2009 – 11:33 am in After-Hours Activity, Biotech, Buffett, Calendar, Earnings, Financial Stocks, Healthcare, Mergers and Buy Outs, Rumors, , , , , , , , , , ,

Next Week’s Top 10 Earnings on Deck (CHK, F, KFT, MA, CSCO, CMCSA, QCOM, BRK-A, SIRI, VG)

NYSE Floor ImageEarnings season may be winding down, but next week still has some very important companies that are economic indicators in and of themselves or are key stocks that have broad customer and investor bases.  Picking only ten companies leaves many key stocks out, but we have some here which will appeal to most investors and traders.  Among next week’s top earnings are Chesapeake Energy Corporation (NYSE: CHK), Ford Motor Company (NYSE: F), Kraft Foods Inc. (NYSE: KFT), MasterCard Incorporated (NYSE: MA), Cisco Systems Inc. (NASDAQ: CSCO), Comcast Corporation (NASDAQ: CMCSA), QUALCOMM Inc. (NASDAQ: QCOM),  and Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B).

We also have the biggest cult stocks of all with SIRIUS Satellite Radio (NASDAQ: SIRI) and Vonage Holdings Corp. (NYSE: VG) reporting next week.  We have offered some color on each stock along with chart data where relevant, along with Thomson Reuters consensus estimates.
Read More »

Posted on: October 30, 2009 – 2:51 pm in Calendar, Earnings, Technical Analysis, Technology Companies, , , , , , , , , ,

Les Vegas Sands Wins on Cost Cuts (LVS, WYNN)

Money ImageWynn Resorts Ltd. (NASDAQ: WYNN) may have set a high bar for Las Vegas Sands Corp. (NYSE: LVS) and its earnings report today, but cost cuts helped the company to beat its estimates. Las Vegas Sands  reported GAAP net income of $62.4 million, but the non-GAAP operating income was $0.03 EPS and revenue was $1.14 billion.  Thomson Reuters had estimates pegged at -$0.01 EPS and $1.17 billion in revenues.  That is another instance of cost savings helping the bottom-line more than the top-line seeing improvements.

Read More »

Posted on: October 29, 2009 – 4:13 pm in Casinos, Earnings, Entertainment, ,

First Solar Earnings Get Valuation Check (FSLR, TAN, KWT, ENER)

Solar Roof ImageWe have long said that this Q3 period was likely to separate the men from the boys in the solar sector.  Unfortunately, none of the men looked stronger than the boys.  Tonight’s earnings report out of First Solar Inc. (NASDAQ: FSLR) only reiterates the notion that solar power companies are in many ways just leveraged bets on the price of oil.  First Solar posted $1.79 EPS on $480.9 million in revenues (excluding the Sarnia project with $58 million not recognized in Q3).  Thomson Reuters had estimates pegged at $1.74 EPS and $528.78 million in revenues.  The company noted a cost per watt drop of 2.3%, but the gross margin dropped faster by 5.8%.  And there are other reasons to be cautious here.

First Solar is roughly 11% of the key solar ETF in the Claymore/MAC Global Solar Energy (NYSE: TAN), and that is down 3.7% at $8.32 in the after-hours session.  The Market Vectors Solar Energy ETF (NYSE: KWT) is much thinner in trading volume and is indicated lower without much volume, but First Solar is about 8.6% of its weighting.  Many have hoped for a recovery in Energy Conversion Devices, Inc. (NASDAQ: ENER), but that is down almost 4% at $11.02 in the after-hours session and that is on the heels of a 4.5% drop during the normal trading session.
Read More »

Posted on: October 28, 2009 – 4:42 pm in Alternative Energy, Earnings, Green Biz, , , ,

Apollo’s Woes (APOL)

Burning Money PicApollo Group Inc. (NASDAQ: APOL) is the clear leader of the private-sector public education companies.  Yet, that leadership position is coming with some severe pain after its earnings.  Apollo reported that its profit fell by some 60% on one-time litigation and write-off charges.  Earnings were $91.5 million, or $0.59 EPS, but outside of items its non-GAAP earnings was listed as being $1.06 EPS. Revenue rose by almost 30% to $1.08 billion.  The consensus estimates from Thomson Reuters were $1.04 EPS (non-GAAP) and $1.03 billion in revenues.  The bomb is here: the Securities and Exchange Commission has launched an informal inquiry over the company’s revenue recognition policy.

Read More »

Posted on: October 27, 2009 – 4:44 pm in Accounting, Earnings, Entertainment, SEC,

Visa Solid, But Not Immune (V, MA)

Visa LogoVisa Inc. (NYSE: V) is reporting some stellar earnings considering the environment and this appears to be the 6th or 7th beat against estimates.  The credit card processing giant posted $0.74 non-GAAP EPS vs. $0.72 EPS estimates from Thomson Reuters.  The company also initiated a share buyback of up to $1 billion.  As far as 2010, the company sees 11% to 15% revenue growth and is comfortable with 20% earnings growth.  There are some metrics still showing growth, but it is obvious that not even the great big Visa is immune to a global recession with a world full of price-sensitive shoppers.  The report is also rubbing off a bit on MasterCard Incorporated (NYSE: MA).
Read More »

Posted on: October 27, 2009 – 4:22 pm in Banking, Dividend, Earnings, Financial Stocks, ,