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Stocks To Watch – 02/17/10

Feb 17, 2010 Earnings, Stocks

Campbell

Soup maker Campbell (CPB)  announced this morning, that its expects its 2010 sales will climb 2.5-3.5%. This is a downward revision from the 4-5% increase that the company had previously announced.

Deere & Co

Deere & Co. (DE) today reported first quarter earnings of $243.2 million or $0.57 per share, up from the $20.3.9 million the company earned in the comparable period a year ago.

The $0.57 per share was considerably better than the $0.19 per share that analysts had been forecasting. The company also raised its full year outlook, announcing that it expects $1.3 billion in profit, on a 6-8% growth in sales.

Devon Energy

Oil and gas producer Devon Energy (DVN) today reported  that in the fourth quarter of 2009, it earned $667 million, which translates into $1.49 per share, versus the loss of $6.8 billion or $15.42 per share that was reported in the fourth quarter of 2008, the result of a write-down in the value of its energy assets. Revenue for the fourth quarter period was $2.46 billion, a 4% decline from Q4 2008.

Excluding one time items, profits came in at $1.60 per share, against forecasts of $1.25 per share.

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This entry was posted on Wednesday, February 17th, 2010 at 9:28 am and is filed under Earnings, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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