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30 Jul 2010 at 5:50am Track the performances of 150 companies as they report and compare their results with analyst estimates. Sort by reporting date and industry. 12 Jul 2010 at 7:50am Alcoa may well kick off earnings season with a bang, but economic uncertainty and low aluminum prices make for a tough future. 26 Aug 2010 at 9:20am BHP's CEO vowed discipline in bidding for fertilizer maker Potash Corp. The miner also reported a doubling of its full-year earnings. 17 Aug 2010 at 8:38pm American retailers are becoming as frugal as their shoppers, cutting expenses to maintain stable profits through what is increasingly looking like another challenging holiday season. 18 Aug 2010 at 6:01pm Insurer Swiss Life Holding reported an 89% increase in first-half net profit but cautioned that stubbornly low interest rates render the outlook challenging. 18 Aug 2010 at 3:37am Westfield Group, the world's largest owner of shopping malls by value, posted its first net profit in two years and said it has weathered the financial crisis. 16 Aug 2010 at 3:02am Lend Lease Group, Australia's largest property developer, swung to a full-year net profit on the absence of heavy writedowns that marred its previous result. 15 Aug 2010 at 9:21am General Motors said it would replace its chief executive with a board member lacking automotive experience but well-regarded on Wall Street, a move whose timing was surprising and appears designed to pave the way for the car maker's return to the public stock market. 12 Aug 2010 at 11:37am San Miguel's first-half net profit fell 89 amid the absence of one-time gains the Philippine food and beer conglomerate enjoyed in the year-earlier period. 12 Aug 2010 at 4:59am Hong Kong lender Bank of East Asia said its first-half net profit rose 78% from a year earlier, boosted by gains in interest and fee-based income. 5 Aug 2010 at 9:42pm Corporate America is wrapping a strong earnings season, but companies are likely headed toward much less showy gains. 8 Aug 2010 at 7:39pm U.K. financial-services conglomerate Old Mutual swung to a first-half net profit, helped by a recovery in sales and favorable exchange rates, and said it is "confident" about its business for the full year. 3 Aug 2010 at 9:24am The image emerging from the utilities' second-quarter earnings is of a patchwork recovery and generally cautious tone from the industry. 2 Aug 2010 at 2:06pm OCBC posted a disappointing 8% rise in second-quarter net profit, the latest sign that some Asian banks face pressure despite the region's strong economic growth. 2 Aug 2010 at 3:23am Metro said it is optimistic for the future, despite posting a drop in net profit as market conditions in Germany remain difficult. |
by Zacks.com 2 Sep 2010 at 4:25pm Zacks.com submits: G-III Apparel Group Ltd. (GIII) swung to a net income of $3.0 million or 15 cents per share in the second quarter of fiscal 2011 from a net loss of $2.8 million or 17 cents per share in the year-ago period. Quarterly result also surged past the Zacks Consensus Estimate for a loss of 2 cents per share. Bolstered by the strong quarterly performance, G-III Apparel also lifted its fiscal 2011 earnings forecast. The company now expects earnings of $2.60 to $2.70 per share in the fiscal, compared to the earlier guidance of $2.20 and $2.30 per share. The Zacks Consensus Estimate for fiscal 2011 is currently pegged at $2.65 per share. Complete Story »by Zacks.com 2 Sep 2010 at 4:18pm Zacks.com submits: Martek Biosciences Corporation’s (MATK) third-quarter fiscal 2010 earnings (excluding special items) of 38 cents per share surpassed the Zacks Consensus Estimate by 2 cents and the year-ago earnings by 11 cents. On a reported basis (including special items), the company earned 35 cents per share in the reported quarter as against 27 cents in the year-ago quarter. The higher earnings in the reported quarter were driven by a surge in sales. Sales in the quarter benefited from the purchase of Amerifit Brands in February this year coupled with a rise in nutritional ingredient sales. Complete Story »by Zacks.com 2 Sep 2010 at 4:13pm Zacks.com submits: Ireland-based advertising titan WPP Group plc. (WPPGY) reported encouraging results for the first half of 2010. Its results were driven by strength across all geographies except for a modest decline in the European region. Expectations of revenue outperformance for the rest of 2010 are to some extent offset by worries over the Eurozone crisis and sustainability of US growth. Earnings Review The company’s diluted pro forma earnings per share in the reported period soared 48.1% to ₤0.191 ($1.46 per ADR) compared with ₤0.129 ($0.96 per ADR) in the year-ago period. Net income (pro forma) attributable to equity holders in the first half were ₤239.7 million ($366.7 million) compared with a net loss of ₤743.0 million ($1,107.1 million) in the comparable period of 2009. The company’s reported revenue of ₤4,440.9 million ($6,794.6 million) was up 3.5% compared with the year-ago period and up 2.7% on a constant currency basis due to the strength in pound sterling versus the US dollar and euro. Excluding the impact of acquisitions and currency fluctuations, revenue was up 2.5% in the reported period. Exiting the first half of 2010, WPP Group had cash and short-term deposits of ₤1,103.6 million ($1,666.4 million) and bonds and bank loans of ₤3,980.8 million ($6,011.0 million). Detailed discussion on the earnings release can be found here: WPPGY’s Interim Results Agreement of Analysts As can be observed from the table below, sentiments for WPP Group, subsequent to the release of its first half 2010 financial results, were positive. Out of the 8 analysts, there were 2 positive revisions of EPS estimate for 2010 and 2011 in the last 7 days. The estimate revisions are primarily driven by strong performance in the reported period and management’s outlook for the second half of 2010. Analysts have increased their organic growth forecasts for the second half compared with their previous expectations. However, fears over the US growth sustainability and impact from the Eurozone crisis restricted the positive momentum as is evident from the magnitude of these revisions.by Zacks.com 2 Sep 2010 at 3:00pm Zacks.com submits:
Canadian Solar as of now is undergoing a review by the US Securities and Exchange Commission (SEC) into certain transactions identified in the subpoena issued to the company by the SEC. Earlier in June 2010 the company announced an investigation into the same by its internal audit committee which concluded that the transactions identified in the SEC subpoena were properly accounted in the company’s accounts. Complete Story »by Zacks.com 2 Sep 2010 at 1:58pm Zacks.com submits:
Analysts are optimistic about the market improvement and the recent proposed acquisition of Canada's Potash Corp. of Saskatchewan Inc. (POT), the world's biggest fertilizer manufacturer. However, they are concerned about the undefined upper-limit of the takeover offer price, which is expected to exceed $150 per share from $130 per share offered earlier. Complete Story »by Stone Fox Capital 2 Sep 2010 at 6:31am Stone Fox Capital submits: Joy Global (JOYG) is a leading builder of mining equipment especially needed for the mining of coal. Unfortunately it's not owned by the Stone Fox Capital portfolios, but they do provide a great insight into the world commodity markets. JOYG reported a strong quarter (see here) and, more importantly, talked about 'some slowing' in global commodity demand, but reiterated that demand remains at historical highs. The key takeaway is that prices for met coal, iron ore, and copper remain at elevated levels and mining capacity is above 90%. Therefore, the active prospect list is growing very fast. In essence, JOYG speaks of a marker that has taken a pause before it journeys higher. Little did they know that the ISM Manufacturing report released a couple of hours later would unleash a big rally in the markets. Complete Story »by SA Editor Rachael Granby 2 Sep 2010 at 6:07am Wary China may review BHP's Potash bid. Nervous about market concentration, China may launch an antimonopoly probe into BHP Billiton's (BHP) $39B bid for Potash (POT), sources said. BHP, which declined to comment, is only seeking regulatory clearance in the U.S. and Canada. China is also said to be planning to review the merger of two Russian potash firms because of the impact these deals could have on the country, though it's unclear what practical steps China can take if it opposes either of the bids. In related news, China's Sinochem has reportedly hired HSBC (HBC) to advise it on its options regarding Potash (POT), though sources said the move is preliminary and doesn't mean a counteroffer is necessarily forthcoming. Petrobras, Brazil reach controversial oil deal. Brazil's state-controlled Petrobras (PBR) agreed to pay the federal government $42.5B in stock in exchange for five billion barrels of deepwater reserves. The deal is a controversial one, as investors say Petrobras is paying more than the oil is actually worth, and shares of Petrobras have already fallen significantly this year as investors worried just such a scenario would occur. Petrobras also plans to sell new shares to the public to raise an additional $25B as part of the plan. Lilly scores court victory on generics. Eli Lilly (LLY) scored a victory yesterday after an appeals court upheld a ban preventing Teva (TEVA) from selling a generic version of Evista, Lilly's osteoporosis drug. Evista sales were $259.5M in the second quarter, and the patents are valid through March 2014. Connecticut AG probes First Niagara-NewAlliance deal. Connecticut is investigating First Niagara Financial's (FNFG) proposed $1.5B takeover of NewAlliance Bancshares and has asked the banks to justify the merger. Connecticut Attorney General Richard Blumenthal said the state may choose to only approve bank mergers that benefit Connecticut's economy and the public, and that the First Niagara deal "raises significant and far-reaching legal and public policy issues." If approved, the tie-up will be the largest U.S. bank deal in nearly two years. FDIC loses closely-watched bank case. A closely watched court decision found the FDIC is not entitled to the $900M that it had demanded from Colonial BancGroup, the parent company of failed Colonial Bank. The FDIC had argued that Colonial Bank had signed a 2008 memorandum of understanding in which it said it would try to increase its capital, and the $900M represented the capital shortfall at Colonial Bank when it was seized in the biggest bank failure of 2009. However, the judge found that the memorandum of understanding didn't represent a commitment, a ruling that will undoubtedly be seized upon by other holding companies that ended up in bankruptcy after regulators closed their lending operations. GE preps for possible spending spree. General Electric (GE) could spend up to $30B on takeovers in the next two to three years, said John Rice, one of the company's four vice chairmen, but would do so in a way that's compatible with plans to boost its dividend and buy back shares. The comments signal GE is pulling away from the defensive position it took during the recession, with one analyst calling it a "sea change" in the company's thinking. Shares of GE closed up 3.7% yesterday. SEC investigates quote stuffing. The SEC is reportedly looking into "quote stuffing," the practice of placing an unusually large number of buy or sell orders for stocks in a fraction of a second, and then canceling the orders almost immediately. Regulators are concerned the practice is putting some investors at a disadvantage because it distorts stock prices, and are also checking if quote stuffing may have played a role in May's flash crash. Vale loses auction for copper smelter. Brazil's Vale (VALE) said it failed to acquire base metals and fertilizers holding company Paranapanema SA in an auction because the number of shares tendered was below the minimum threshold. Vale had been hoping to pick up Paranapanema, Brazil's only copper smelter, for about $1.13B to provide cost-savings in its growing copper business. Two Lehman units face failure. In a bankruptcy court filing yesterday, Lehman Brothers (LEHMQ.PK) said two of its units are struggling, and they need hundreds of millions of dollars to prevent a failure that could cost Lehman billions. The two units, Aurora Bank and Woodlands Commercial Bank, are struggling to meet capital requirements because of restrictions from regulators, including a limited ability to issue new CDs. Lehman estimates that failure to resolve the units' capital issues would result in losses of $1.2B-3.6B. November IPO likely for GM. General Motors reportedly plans to start wooing investors for its initial public offering after the midterm elections on Nov. 2, and will likely price its IPO on Nov. 17. The plan is subject to change based on the performance of the U.S. stock market. Auto sales show weakness. U.S. auto sales fell 21% in August compared to a year ago, although the comparison is a bit skewed as August 2009 was a strong month for sales thanks to the government's cash-for-clunkers program. One of the few firms to post gains was Chrysler, which saw sales rise 7% because of increased orders from corporate fleets. Ford (F) sales were down 11%, GM's sales were down 25%, and Toyota's (TM) were down a sharp 34%. Despite the precipitous year-on-year drop in sales, car companies remain confident that the industry's steady recovery is still on track. Mixed reviews on Apple upgrades. As usual, plenty of hype surrounded Apple's (AAPL) annual fall media event yesterday. In the end, the company unveiled a new line of iPods and a smaller, cheaper version of Apple TV for streaming movies and TV shows over the internet and into the living room. Gadgeteers generally liked the iPod updates, including a touch-screen nano, but said the "closed-minded" Apple TV is little more than a "Netflix (NFLX) streaming box." Shares of Netflix jumped 7.5% yesterday thanks to its new key role in Apple TV. Apple closed up 3%. Earnings: Wednesday After CloseSAIC (SAI): Q2 EPS of $0.42 beats by $0.09. Revenue of $2.8B (+1.6%) in-line. Shares +1.3% AH. (PR, earnings call transcript)Today's MarketsIn Asia, Japan +1.5% to 9063. Hong Kong +1.2% to 20869. China +1.3% to 2656. India +0.2% to 18238. In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt -0.3%. Futures: Dow -0.2%. S&P -0.2%. Nasdaq -0.1%. Crude -0.2% to $73.77. Gold flat at $1247.90.Thursday's Economic CalendarChain Store Sales 6:00 Monster Employment Index 7:45 ECB Announcement 8:30 Initial Jobless Claims 8:30 Productivity and Costs 9:00 FCIC Hearing: Too Big To Fail (Bernanke, Bair) 9:00 Fed Conference: REO & Vacant Properties 10:00 Factory Orders 10:00 Pending Home Sales 10:30 EIA Natural Gas Inventory 4:30 PM Money Supply 4:30 PM Fed Balance Sheet Notable earnings before Thursday's open: DLM Notable earnings after Thursday's close: FNSR, HRBSeeking Alpha's Market Currents team contributed to this post. Complete Story »by Proactive Investor 2 Sep 2010 at 5:45am The world`s third largest commercial plane maker Bombardier (BDRAF.PK) [TSX: BBD.A, TSX: BBD.B] saw a 27% decline in its second quarter fiscal 2011 profits, as it reported net income of $148 million, compared with $ 202 million for the same period last year, largely due to poor performance of its aerospace segment.The company`s other financial results suffered as well, as consolidated revenues dropped to $4.1 billion for the quarter versus $ 4.9 billion last year, while EBITDA fell by 24% to $331 million. Diluted earnings per share were also $0.08, compared to $0.11 a year earlier. Complete Story »by Zacks.com 2 Sep 2010 at 5:20am Zacks.com submits: Brown-Forman Corp. (BF.B), a leading global producer and distributor of premium alcoholic beverages, reported fiscal 2011 first-quarter earnings that declined 8.2% to $111.4 million or 76 cents per share, from $121.4 million or 81 cents in the prior-year quarter. The quarterly result also came in behind the Zacks Consensus Estimate of 84 cents per share.Quarterly Details Complete Story »by Zacks.com 1 Sep 2010 at 3:45pm Zacks.com submits: ABM Industries Inc. (ABM) reported third-quarter 2010 operating earnings of 36 cents per share, lagging the Zacks Consensus Estimate of 41 cents by 5 cents. However, the results compare favorably with 30 cents reported in the prior-year quarter. Net operating income was $18.8 million, up 19.7% from $15.7 million in the third quarter of 2009. A focus on client retention, restructuring the Janitorial business, as well as sales pipeline expansion and cost control measures aided the company to deliver improved year-over-year performance. Complete Story »by Wall St. Cheat Sheet 1 Sep 2010 at 12:41pm Wall Street Cheat Sheet submits: by Carolyn Austin Growth in the manufacturing sector and a positive third-quarter earnings report helped capital-goods maker Joy Global (JOYG) pop above its 13- and 50-day moving averages today. The Institute of Supply Management reported the 13th straight month of expansion in the manufacturing sector – good news for equipment makers. Complete Story »by Wisdomsmith 1 Sep 2010 at 11:22am Wisdomsmith submits: GDP data for Q1, reported today, came in at a strong 8.8%. However, the data was widely questioned for the discrepancy between supply side and consumption side estimates. For example, The Economic Times, in a front page flier wrote: Complete Story »by Michael Lofing 1 Sep 2010 at 9:13am Michael Lofing submits: The company posted improved revenues, gross margin, and net margin in the second quarter 2010. The company built upon the promise shown in the first quarter 2010. Yingli Green Energy managed to sell more solar module shipments, improve capacity efficiency and increase overall capacity which it expects to reach 1 gigawatt by the end of 2010. The company needs to maintain improved sales volume as revenues might be impacted in the second half due to the expected decline of average sales price of solar modules in the second half of 2010. The company currently trades at 10.4 times 2011 earnings estimates. by Eddy Elfenbein 1 Sep 2010 at 9:13am Eddy Elfenbein submits: Jos. A. Bank Clothiers (JOSB) just released a very good Q2 earnings report this morning. The company earned 59 cents a share, which was six cents more than Wall Street was expecting. Let’s hope the stock gets a nice bump today. The details look very solid. Sales rose 12.3% and same-store sales rose 9.2%. A year ago, the company earned 45 cents a share. I’m especially glad to see that gross margins improved to 62.8% from 61.5%. Complete Story »by Zacks.com 1 Sep 2010 at 8:51am Zacks.com submits: H.J. Heinz Co. (HNZ) posted robust earnings of 75 cents per share for the first quarter of fiscal 2011. The result was in line with the Zacks Consensus Estimate but came in ahead of the 68 cents per share recorded in the year-ago quarter. Profits were driven by strong performances in Emerging Markets and North American Consumer Products segments.Quarterly Sales Details During the quarter, Heinz recorded total sales growth of 1.6% to $2.48 billion from $2.44 billion in the prior-year quarter. The growth was primarily driven by a 2.5% gain in volume, 1.1% benefit from increased pricing, which was partially offset by a 2.1% unfavorable impact from foreign currency translations. Organic sales for the quarter grew by 3.6%. However, total sales fell short of the Zacks Consensus Estimate of $2.51 billion. Complete Story » |
2 Sep 2010 at 9:37pm H&R Block Inc. (HRB) F1Q2011 Earnings Call Transcript September 2, 2010 4:30 pm ET Complete Story »2 Sep 2010 at 9:29pm Quiksilver, Inc. (ZQK) F3Q2010 Earnings Call Transcript September 2, 2010 4:30 pm ET Complete Story »2 Sep 2010 at 4:40pm Layne Christensen Company (LAYN) F2Q2011 Earnings Call Transcript September 2, 2010 11:00 am ET Complete Story »2 Sep 2010 at 4:33pm Hovnanian Enterprises, Inc. (HOV) F3Q2010 Earnings Call Transcript September 2, 2010 11:00 am ET Complete Story »2 Sep 2010 at 3:55pm Methode Electronics, Inc. (MEI) F1Q2011 Earnings Call Transcript September 2, 2010 11:00 am ET Complete Story »2 Sep 2010 at 2:16pm FuelCell Energy Inc. (FCEL) Q3 2010 Earnings Call September 2, 2010 10:00 AM ET Complete Story »2 Sep 2010 at 10:55am Harry Winston Diamond Corporation (HWD) F2Q11Earnings Call September 2, 8:30 a.m. ET Complete Story »2 Sep 2010 at 9:56am Wimm-Bill-Dann Foods OJSC (WBD) Q2 2010 Earnings Call September 2, 2010 8:00 am ET Complete Story »1 Sep 2010 at 10:31pm SAIC, Inc. (SAI) F2Q2011 Earnings Call Transcript September 1, 2010 5:00 pm ET Complete Story »1 Sep 2010 at 4:06pm Trintech Group PLC (TTPA) F2Q2011 Earnings Call Transcript September 1, 2010 10:30 am ET Complete Story »1 Sep 2010 at 1:59pm Brown-Forman Corporation (BF.B) F1Q2011 Earnings Call Transcript September 1, 2010 10:00 am ET Complete Story »1 Sep 2010 at 1:49pm H.J. Heinz Company (HNZ) F1Q11 (Qtr End 07/28/2010) Earnings Call September 1, 2010 8:30 am ET Complete Story »1 Sep 2010 at 1:17pm LTX-Credence (LTXC) F4Q10 Earnings Call September 1, 2010 10:00 a.m. ET Complete Story »1 Sep 2010 at 11:48am Borders Group, Inc. (BGP) Q2 2010 Earnings Call Transcript September 1, 2010 10:00 am ET Complete Story »31 Aug 2010 at 9:58pm Silicon Graphics International Corp (SGI) F4Q2010 Earnings Call Transcript August 31, 2010 5:00 pm ET Complete Story » |
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