Lowering the Barr (BRL)
Who thought generics could ever look so bad? This morning, Barr Pharmaceuticals (NYSE: BRL) has posted very poor numbers. The company posted $0.57 EPS, far under the First Call consensus of $0.79. Revenues rose…
All Work
Douglas A. McIntyre
El Paso Gasses Estimates, But Help is on the Way (EP, CHK, GS)
El Paso Corporation (NYSE:EP) has reported earnings of $0.29 EPS on net income of $219 million and revenue of $1.269 billion for the first quarter of 2008. Analysts were expecting $0.30 EPS and revenue…
Vonage Leaps on Metrics (VG)
Vonage Holdings Corp. (NYSE: VG) reported that first quarter revenue rose by 15% to $225 million. The company also generated an adjusted operating income of $8 million, while its net loss narrowed to $9…
Top 10 Pre-Market Analyst Calls (SAM, CLWR, BAGL, JEF, MVSN, NSR, OWW, TS, WB, YRCW)
These are ten of the analyst calls we are focusing on this Thursday morning in pre-market trading: Boston Beer Co. (NYSE: SAM) cut to Neutral at HSBC Securities. Clearwire (NASDAQ: CLWR) cut to Sell…
McDonald’s (MCD) Strong In April
McDonald’s Corporation announced today that global comparable sales increased 5.0% in April and 6.8% year-to-date. Systemwide sales for McDonald’s worldwide restaurants increased 13.7% in April, or 6.5% in constant currencies. U.S. comparable sales rose…
Wal-Mart (WMT) Goes Wild
Wal-Mart (WMT) continued to amaze. How does the world’s largest retailer grow faster than almost all of its competition? For the month of April, Wal-Mart’s sales were up 9.8% to $29.8 billion. International sales…
Europe Markets 5/8/2008 (BCS)(DB)(SAP)
Markets in Europe were off at 6.45 AM New York time. The FTSE was down .2% to 6,252. Barclays (BCS) was off 2.5% to 463.25. Unilever was up 3.9% to 1727. The DAXX was…
AMD (AMD) And The Power To Amaze
AMD (AMD) is going to offer the world more powerful chips for servers and PCs. It is not enough that it and Intel (INTC) have hardware with four cores, or processors, to do Herculean…
Soros Agonistes
George Soros has taken the unpopular side of many economic bets over the years. He has not only lived to tell the tales. He has made himself and his investors untold billions of dollars…
The SEC Opens Banking’s Vaults
Since the government is blamed for all ills and catastrophes it should be praised for the good and right that it does. The SEC said yesterday that brokerages could not keep the dirty little…
In Toyota (TM): The World Economy In A Bucket
Toyota (TM) said its earnings fell 28% in the fourth quarter. It blamed the Yen and a slow car market in the US. Although no one was surprised, the figures were worse than most…
Auctioning Off Yahoo! Inc. On Ebay
Yahoo! (YHOO) seems to have gotton several pieces of bad news yesterday. The chief of strategy at Microsoft (MSFT), if there can be any such person, said that his company would go off on…
Moody’s (MCO): A Convenient Execution
One of the great traditions in American business is to punish the few for the sins of the many. It a sort of Scopes Monkey Trial for the subprime mess, the president of Moody’s…
Media Digest 5/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the head of strategy at Microsoft (MSFT) says it deal to acquire Yahoo! (YHOO) is over. Reuters writes that Toyota (TM) posted a 28% drop in profit due to a strong…
Asia Markets 5/8/2007 (LFC)(SNP)
Markets in Asia were mixed. The Nikkei fell 1.1% to 13,943. Honda (HMC) fell 2.9% to 3340. KDDI fell 3.2% to 670000. The Hang Seng was off .4% to 25,519. China Life (LFC) was…
52-Week Low Club (AGN, WTR, CTB, ISLE, LPSN, OPTT, SGIC, SNCR)
Today turned out being an ugly day, but there were many stocks that fell sharply to new 52-week lows all on their own without help from the market working against them. Allergan Inc. (NYSE:…
CurrencyShares ETF Launch: Russia, South Africa, Singapore, Hong Kong
Rydex Investments has filed to launch 4 new CurrencyShares platforms. These platforms will allow traders and investors to purchase “Baskets” for the specific currency. Therefore, the share price of each trust will reflect the…
Will Productivity Gains Boost Layoffs?
This morning was strange on the economic number cycle as far as firstquarter worker productivity is concerned. The Labor Departmentreleased a figure of non-farm business worker productivity measured asper-hour output being up by +2.2%. …
CEOs Who Don’t Get Out Often Enough, And Some Who Do
The hallmark of some of the most successful companies over the last fifty years is that the CEOs spent a great deal of their time with customers and at company locations around the world.…
Can Synchronoss Really Blame iPhone For Its Woes? (SNCR, AAPL, T)
Synchronoss Technologies Inc (NASDAQ: SNCR) looks now like it will be one of the worst seen earnings moves of popular companies in all of this earnings season. The outsourced device activation provider posted $0.16…