Electronic Arts; Half Full & Half Empty (ERTS, TTWO)
Electronic Arts (NASDAQ: ERTS) posted a net loss of $94 million or -$0.30 EPS, but on a non-GAAP basis from operations the company showed $0.09 EPS on a "excluding a benefit basis of $919…
All Work
Douglas A. McIntyre
Applied Materials Solar Not Enough To Carry Earnings, Yet (AMAT)
Applied Materials Inc. (NASDAQ: AMAT) posted $0.22 EPS on $2.15 Billion in revenues. Non-GAAP net income for Q2-2008 was $362 million, or $0.26 EPS. First Call had estimates at $0.22 EPS on $2.13 Billion…
The 52-Week Low Club (IMB)(WNR)(VVTV)(URRE)
IndyMac Bancorp (IMB) Broker report says company needs more capital. Falls to $2.15 from 52-week high of $37.50. Western Refining (WNR) Bad earnings and broker downgrade. Drops to $7.81 from 52-week high of $66.13.…
CNBC: An Icahn Proxy Fight For Yahoo! (YHOO): Never
CNBC is saying that Carl Icahn may start a proxy fight for control of Yahoo! (YHOO). It will never happen. Microsoft (MSFT) has made it clear that it does not want Yahoo!. At this…
Lazard’s Alternative Energy Calls (CSIQ, LDK, JASO)
Between late yesterday and early today, Lazard Capital Markets’ Sanjay Shrestha has keyed on many of his alternative energy picks after earnings or other news. Among the calls are Canadian Solar, Inc. (NASDAQ: CSIQ),…
Setbacks Back At Boston Scientific (BSX)
Boston Scientific (BSX) has been the "gang who couldn’t shot straight" of the medical device business for some time. It spent far too much money to buy another medical company, Guidant. For all of…
As Airbus Cracks Up, A Little Light For Boeing (BA)
No one wanted to be in Boeing’s (BA) shoes, at least until today perhaps. The big US airplane company has hit three delays for its 787 Dreamliner and there are rumors that union work…
Biotech Business Daily (CHTP, CRXL, LLY, IOMI, MEDX, TRCA)
Chelsea Therapeutics International, Ltd. (NASDAQ: CHTP) falling today after first quarter earnings showed wider losses than first quarter 2007. Net loss was $8.7 million compared to a loss of $3.8 million in 2007. The…
IPO FILING: Patriot Risk Management (PRMI)
Patriot Risk Management filed with the SEC for its IPO paperwork this morning. The maximum proposed aggregate offering price for the workers’ compensation company is listed as $115 million but this number is for…
Hughes Raises Satellite Spending Cash (HUGH)
Hughes Communications, Inc. (NASDAQ: HUGH) is under a little pressure after the company announced plans to offer a shelf registration for up to 2 million shares of common stock. The broadband satellite network solutions…
A Red Light For GM (GM)
GM (GM) says it has plenty of money on hand for tough times. So do Ford (F) and Chrysler. Based on where the two public companies trade, almost no one believes that. As if…
Apollo Sells Stock, Pays Down Debt (AINV)
Apollo Investment Corporation (NASDAQ: AINV) has priced its proposed secondary stock offering this morning. The company sold 22,327,500 shares at an offering price of $17.11 per share, in an approximate $382 million of gross…
TJX Beats, But… (TJX)
The TJX Companies, Inc. (NYSE: TJX) did beat estimates this morning and showed that discounters and clearance merchandise retailers that get it can do well in a slowing economy. Unfortunately, its guidance is only…
Dell Scrapping XPS Gaming PC’s to Resume Alienware Growth (DELL)
Dell Inc. (NASDAQ: DELL) has apparently been having some problems in its gaming PC division. The company’s own XPS gaming systems sales are competing against its higher-end Alienware sales. In the report, four of…
Canadian Solar Earnings Go Super-Solar (CSIQ)
Canadian Solar Inc. (NASDAQ: CSIQ) came out this morning and didn’t just beat earnings estimates; they trounced them. The company posted $21.2 million non-GAAP income or $0.65 non-GAAP EPS on a 34% revenue rise…
Top 10 Pre-Market Analyst Calls (BRL, BE, EDS, HPQ, IRM, MHP, MCO, RSH, SNH, SNN, SOV)
These are not the only analyst calls this morning, but these are some of the impact calls we are seeing this Tuesday morning: Barr Pharma (NYSE: BRL) raised to Outperform from Neutral at Cowen…
Wal-Mart (WMT): Better Gauge Of The Economy Than GDP
While most retailers are simply trying to stay out of Chapter 11, Wal-Mart posted an extraordinary quarter. It was even more impressive because, as the world’s largest retailer, it must fight the law of…
AIG (AIG): The Revenge Of Hank Greenberg
Hank Greenberg built AIG (AIG) from a nothing insurance company to one of the largest financial services firms in the world. Along the way, he became a billionaire, but shareholders figured he was worth…
Nissan Sends Up Smoke Signals About US Market
Ford (F), GM (GM), and Chrysler have continued to maintain the hope that car sales will turn in the second half of the year. Since they have been falling by double digits each month,…
Credit Agricole And Merrill Lynch (MER): Two Blind Men, Same Elephant
Credit Agricole may have to raise over $9 billion to rebuild its capital after substantial mortgage-related losses in the last quarter. According to The Wall Street Journal "Crédit Agricole said it will launch an…