Ryland Homes Misses EPS, Beats Revenues
Ryland Group Inc. (NYSE: RYL) reported second-quarter EPS of $0.14 and $293.8 million in revenue after markets closed today. EPS was up from an EPS loss of -$0.24 in the same period a year…
All Work
Paul Ausick
24/7 Wall St. Closing Bell — July 25, 2012: Markets Mixed on Spotty Earnings Reports
The three major US stock indexes opened mixed this morning with the Nasdaq Composite slightly negative on an unexpectedly weak earnings report from Apple Inc. (NASDAQ: AAPL) (more coverage here). A weak reading of…
Newsweek Magazine to Go Online Only?
During a conference call today to discuss IACInteractiveCorp’s (NASDAQ: IACI) second-quarter earnings, the company’s chairman was asked whether the company would continue to publish a hard-copy edition of Newsweek magazine, a publication that IAC…
Food Prices to Rise on US Drought
The US Department of Agriculture (USDA) today published the first of its food prices report to include the effects of the current drought in much of the US Midwest. The report notes that the…
Cars or Spouses — Which Lasts Longer?
If you buy a new car today, there’s a 78% chance that you’ll keep that car for at least 10 years. The average US marriage lasts less than 9 years. Okay, you might really…
Bedding Companies May Begin Sleeping a Little Better
Since hitting 52-week highs in mid-April, mattress and bedding companies have moved sharply lower. The highs followed solid first-quarter earnings reports, and the direction change followed a warning on earnings from Tempur Pedic International…
Gold Miners’ Outlook Fades on Higher Costs, Lower Prices
Gold miner Barrick Gold Corp. (NYSE: ABX) introduces a new CEO tomorrow at its quarterly earnings show. The consensus estimate from Thomson Reuters calls for EPS of $0.95 on revenue of $3.5 billion, compared…
New Home Sales Tumble in June; Mortgage Rates Fall
The U.S. Census Bureau this morning released data on new single-family home sales for June. Economists had been expecting a seasonally adjusted annual rate of 370,000, but the data came in far short at…
Short Interest Moves in Solar Stocks
Short interest data is out from the July 13 settlement date. There were a few big changes with some key solar stocks over the June 29 settlement date. We have taken a look at…
Corning Disappoints on Revenues, Matches EPS Estimates
Corning Inc. (NYSE: GLW) this morning reported second-quarter adjusted earnings of $0.31 per share and $1.91 billion in revenue. Earnings per share (EPS) fell from $0.48 in the same period a year ago, and…
ConocoPhillips Hurdles Low Bar
ConocoPhillipsConocoPhillips (NYSE: COP) this morning reported second-quarter adjusted earnings per share (EPS) of $1.22 and $15.2 billion in revenue. EPS fell from $1.64 in the same period a year ago, and revenue was also…
Caterpillar Earnings, Revenues Soar
Caterpillar Inc. (NYSE: CAT) this morning reported second-quarter earnings per share (EPS) of $2.54 and $17.37 billion in revenue. EPS rose from $1.57 in the same period a year ago, while revenue was up…
RadioShack Collapses
RadioShack Corp. (NYSE: RSH) this morning reported second-quarter results of a net loss of $0.21 on $953.2 million in revenue. Earnings per share (EPS) dropped from $0.24 in the same period a year ago,…
Pepsi Profit, Revenue Fall
PepsiCo Inc. (NYSE: PEP) this morning reported second-quarter adjusted earnings of $1.12 per share on $16.46 in revenue. Earning per share (EPS) dropped from $1.21 in the same period a year ago, while revenue…
24/7 Wall St. Closing Bell — July 24, 2012: Markets Fall on Weak Quarterly Results
The three major US stock indexes opened roughly flat this morning as Spanish 10-year bond yields rose to 7.5% and Moody’s cut Germany’s outlook to ‘negative’ after the markets closed last night (more coverage…
Google Reported to Agree on EU Antitrust Deal
A two-year investigation into a European Union antitrust complaint against search giant Google Inc. (NASDAQ: GOOG) will apparently end with a settlement, not a protracted legal proceeding. That’s the report, at least, in the…
Europe Prepares to Follow US Lead in Solar Anti-Dumping Complaint Against China
Following the lead of several US solar panel makers, European solar makers are set to launch a complaint with the European Commission accusing China’s solar panel makers of selling solar PV cells below cost…
Fitch Wary on Credit Outlook
Jon OggRatings firm Fitch Ratings has released its credit outlook for the next 12-18 months, and it should be no surprise that it leads off with this observation: New shocks centred on the eurozone…
Smithfield to Import Brazilian Corn
The world’s largest producer of pork, Smithfield Foods Inc. (NYSE: SFD) said today that it would begin importing corn from Brazil to use as feed for the company’s livestock. This is an unusual move…
Better Sales Seen for Consumer Electronics Products
For the first time ever, US consumer electronics purchases are expected to top $200 billion in 2012 according to the latest forecast from the US Consumer Electronics Association (CEA). The group is expecting total…