Archive for the ‘Earnings’ Category

Stock To Watch – Abercrombie & Fitch

Aug 17, 2010 Company News, Earnings, Stock to watch

The stock of teen clothing retailer, Abercrombie & Fitch (ANF) is the worst performing stock among the 500 stocks in the S&P 500 index.

At 11 am, the stock is down $3.53 to $34.10, a loss of 9.38%. 5.46 million shares have traded hands so far, compared to a past three month daily average of 3.63 million shares.

The company reported its 2010 second quarter results before the bell this morning, triggering the sell-off today. Of concern to analysts, is the fact that the company’s margins are coming under pressure.

Abercrombie & Fitch reported that its gross profit margin for the period was 65.1%, 150 basis points lower than the second quarter period of last year, even as the company announced a 17% increase in second quarter sales to $745.8 million. This indicates that the company is selling its products at a lower price.

Tags: ,

Priceline Rallies 50 Points On Strong Earnings

Aug 4, 2010 Earnings, Stock to watch

Online travel site company Priceline (PCLN) is seeing its shares rally an incredible $50.36 to $281.03, after the company reported better than expected fiscal 2010 second quarter earnings yesterday evening.

For the period, Priceline reported revenue of $767.4 million, a twenty percent climb from the $603.7 million in revenue it reported in the same period last year. The company reported earnings of $115 million, which works out to $2.26 on a per share basis, compared to the $67.1 million, or $1.38 per share earned in Q2 2009. But for one time charges, Priceline would have reported earnings of $158.2 million or $3.09 on a per share basis.

Analysts had been looking for the company to report revenue of $733 million and earnings per share of $2.64.

Priceline shares have been on an uptrend since July 28, with the shares having closed higher everyday since then. With another higher close today, which is all but guaranteed, Priceline’s stock will have made it six up days in a row.

More on this topic (What's this?)
Priceline.com (PCLN) Rides Foreign Markets for Huge Earnings Beat (Fund my Mutual Fund, 8/3/10)
IT’S EARNINGS THAT MATTER (THE PRAGMATIC CAPITALIST, 8/23/10)
Bookkeeping: Cutting Priceline.com (PCLN) Ahead of Earnings (Fund my Mutual Fund, 8/2/10)
Read more on Net Income, Twenty, Priceline.com at Wikinvest

Tags: ,

Apple Blows Past Estimates

Jul 21, 2010 Company News, Earnings, Stock to watch

Apple (AAPL) announced bettered than expected second quarter results after the bell yesterday, sending the shares up $9.09 in pre-market trading today.

Apple reported that in the period, it had revenue of $15.7 billion, compared to revenue of $9.73 billion in the year ago second quarter period. Profit came in at $3.25 billion or $3.51 on a per share basis, compared to quarterly profit of $1.83 billion or $2.01 per share in Q2 2009. Analysts had been forecasting revenue of $14.7 billion and earnings per share of $3.11.

For the current quarter, the company is forecasting revenue of $18 billion, against analysts’ forecasts of $17 billion and earnings of $3.44 per share, against analysts’ forecasts of $3.83.

In the period, Apple sold 8.4 million iPhones, up 61 percent from last year, 3.3 million iPads, 1.7 milion of the company’s latest iPhone, which just went on the market towards the end of the quarter and 3.47 million Macs, a 33% increase and 9.41 million iPods, which was an eight percent decline in unit sales.

Apple shares are up $9.37 or 3.72% on the news in pre-market trading this morning.

More on this topic (What's this?)
Apple (NYSE:AAPL) Knocks the Cover Off...Again (Wealth Daily, 7/21/10)
5 Things the Next Generation Apple iPad Must Address (Wall St. Cheat Sheet, 8/4/10)
Apple Is Not Doing A Good Job (Short-Term Trading, 7/20/10)
Read more on Apple, IPhone at Wikinvest

Tags: ,

Intel Reports Best Ever Quarterly Earnings Results

Jul 13, 2010 Company News, Earnings, Stock to watch

Technology bellwether Intel (INTC) today reported 2010 second quarter earnings results that handily beat analysts’ estimates. According to the company, this was its best quarter ever. For the period, the company reported that revenues rose 34% to $10.765 billion, from $8.024 billion in the year ago period.

Operating income rose from a loss of $12 million in Q2 2009, to $3.98 billion, while net income rose to $2.88 billion, from a loss of $398 million Q2 2009. Results from the second quarter of 2009, were affected by a $1.06 billion fine that was levied on the company by the European Union.

The company’s gross margin, which is closely followed by analysts, rose to 67%, from 51% a year ago. Intel had previously announced that it expects to realize margins of 64%, plus or minus 2%.

On a per share basis, the company earned $0.51, compared to the $0.43 analysts had been forecasting, on revenues of $10.25 billion. The company had also provided its own revenue guidance of $10.2 billion, plus or minus $400 million.

Intel’s stock rose as much as $1.72 or 8.1% in after hours trading on the news.

More on this topic (What's this?)
A Protectionist Rant from Intel Legend Andy Grove (The Contrary Investing Report, 7/20/10)
INTEL REPORTS BEST QUARTER EVER (THE PRAGMATIC CAPITALIST, 7/13/10)
The Big Picture for the Week of August 29, 2010 (Random Roger's Big Picture, 8/28/10)
Read more on Intel, Net Income at Wikinvest

Tags: ,

Alcoa Kicks Off 2010 Q2 Earnings Season On A Bright Note

Jul 12, 2010 Earnings, Stock to watch

Alcoa (AA) kicked off the second quarter earnings season by reporting better than expected Q2 earnings that beat by a penny per share. For the period, which ended June 30, the company reported a profit of $136 million, or $0.13 per share, compared to analysts’ expectation of a profit of $0.12 per share. Alcoa credited lower energy costs, improved productivity and stronger sales for its improved earnings picture. In the year ago period, Alcoa reported a loss of $454 million, or $0.47 per share.

Sales for the period rose twenty-two percent to $5.18 billion, compared to sales of $4.24 billion in the second quarter period last year, as a result of a four percent increase in aluminum shipments as well as a one percent rise in third-party prices for alumina.

The company’s improved financial picture is also partly due to a restructuring the company undertook last year, that saw it cut 13,500 jobs.

In after hours on Monday, Alcoa shares rose to $11.30, from a close of $10.87.

Tags: ,

Buffalo Wild Wings’ Crushed On Same Store Sales

Apr 28, 2010 Company News, Earnings

Shares of Buffalo Wild Wings (BWLD) sold off today, after the company released its latest earnings news, which were better than expected, but the company also announced that same store sales for April fell.

The stock dropped $8.71 to close at $42.30, a loss of 17.06% in regular session trading.

Yesterday after the bell, the company reported that for the first quarter of 2010, it earned $10.8 million or $0.58 per share, which was a penny ahead of the consensus estimate of $0.57.

Revenue for the period was $152.3 million against forecasts of $154.4 million.

Tags: ,

Stock Market Report – 04/26/10

Apr 26, 2010 Earnings, Stock Market

Although the Dow Jones Industrial Average closed off the highs of the day, the trading range for the day was 11,187.65 -11,258.01, the index kept up its slow creep to the upside, extending the number of winning sessions to six straight and making it thirty three up days out of the last forty one sessions. Sixteen Dow stocks closed higher, with fourteen falling. The NASDAQ and the S&P 500 closed marginally lower.

The Dow finished the session up 0.75 points to close at 11,205.03; the NASDAQ lost 7.20 points to close at 2,522.95, while the S&P 500 was off by 5.23 points, finishing the session at 1,212.05.

Caterpillar (CAT) was the stand out and kept the Dow in positive territory for the day. The stock rallied $2.87 to $71.65, a 4.17% gain on the company’s 2010 Q1 results, which was released before the markets opened.

For the period, Caterpillar reported a profit of $0.36 per share, a dramatic improvement over the $0.19 loss reported in the year ago first quarter period. Excluding special items, the company reported adjusted profits of $0.50 per share, from $0.39 per share in Q1 2009. Revenue came in at $8.24 billion from $9.23 billion in Q1 2009. Analysts had been looking for the company to report earnings per share of $0.39 on revenue of $8.84 billion.

Among other Dow stocks, 3M (MMM) was up $0.86 to $87.44, IBM (IBM) added $0.74 to $130.73 and Dupont (DD) was up $0.73 to $40.95.

In Broader trading, online movie rental company Netflix (NFLX), rallied $8.44 or 8.46% to close at $108.17 on no news. Last Wednesday, the company reported earnings that sent its stock soaring from $86.98 to $100.25 on Thursday.

Whirlpool (WHR) was another big gainer, climbing $10.20 or 9.98%, to close at $112.42. The company before the bell, reported 2010 Q1 earnings of $2.13 per share, better than the $1.33 per share analysts had been looking for. Revenue came in at $4.27 billion, against forecasts of $3.79 billion.

More on this topic (What's this?)
Scariest Chart in the World, Part II (All Allan, 5/31/10)
Where Now for the Dow? (Red Hot Energy and Gold - Global..., 5/5/10)
Surging Dow Nears Next Line of Resistance (Red Hot Energy and Gold - Global..., 4/12/10)
Read more on Dow Jones Industrial Average (DJI), S&P 500 (SPX) at Wikinvest

Tags: , , , , , , ,

Amazon A Possible Buy On Disapointing Forecast

Apr 23, 2010 Company News, Earnings, Stock Market, Stock to watch, Stocks On The Move, Trading Idea

Yesterday after the bell, online retailer Amazon (AMZN) reported better than expected 2010 Q1 revenue of $7.13 billion, against estimates of $6.87 billion and net income of $299 million or $0.66 per share, against forecasts of $0.61 per share.

Tempering the better than expected earnings news, the company reported that it expects operating profits for the 2010 Q2 period of $220 million to $320 million on revenue of $6.1 billion to $6.7 billion against forecasts of $6.43 billion in revenue and $327.8 million in operating profit.

On those forecasts, the company’s stock was sold off in after-hours trading, tradiing as low as $139.50 overnight. Fifteen minutes before the opening bell, the stock has recovered somewhat and is now only down $4.92 to $145.17.

Traders might want to watch the stock and if it continues to improve, go long the shares. That the stock is not down substantially could be a bullish sign and we may actually see it close higher today if the overall market is in bullish mode. If buying the stock, do so only if it is moving off the current lows of $145 and make this a one day trade, exiting the position today.

More on this topic (What's this?)
Come on.. How can you be surprised? (Intelligent Speculator, 4/15/10)
Amazon (AMZN) goes to war against Apple (AAPL) armed with a new Kindle (Intelligent Speculator, 7/28/10)
Amazon Play for Earnings (Shocked Investor, 4/21/10)
Read more on Amazon.com at Wikinvest

Tags:

Stock of The Day – Harley Davidson

Apr 20, 2010 Company News, Earnings, Stock Market

Shares of Harley-Davidson (HOG) are up $2.34 to $35.11, a gain of 7.14% in very early trading, on the company’s latest earnings news, which was reported this morning.

For the first quarter of 2010, the company reported revenue $1.04 billion and income from operations of $68.7 million, which works out to $0.29 per share. The company’s earnings actually declined 71% from the same period last year, while revenue declined 29%.

Analysts had been looking for revenue of $1.02 billion and earnings per share of $0.22.

More on this topic (What's this?)
Harley Davidson rumors (What can I do with 10 grand?, 3/20/10)
Investors HOG-Wild for Harley-Davidson, Inc. Options (Phil’s Stock World - Members S..., 6/10/10)
Harley-Davidson Misses Estimates, Falls Hard (Wall St. Cheat Sheet, 1/26/10)
Read more on Harley-Davidson at Wikinvest

Tags: ,

Stocks Add Another Day of Gains

Apr 15, 2010 Company News, Earnings, Stock Market

Stocks finished yet another day higher, with all the major indices closing to the upside, although disappointing jobs numbers reported before the opening bell, put a cap on the gains.

The Labor Department reported this morning that for the week ending April 10, Initial Jobless Claims, which tracks newly unemployed workers filing for benefits for the first time, rose by 24,000 to a seasonally adjusted 484,000. Economists had been expecting to see a drop to 440,000 from last week’s 460,000

The Dow Jones Industrial Average added 21.46 points or 0.2%, to close at 11,144.57, the S&P 500 tacked on 1.02 points or 0.1% to finished at 1,211.67, NASDAQ was up 10.83 points or 0.4%, ending the session at 2,515.69 and the Russell 2000 added 1.81 points or 0.25%, to close at 724.21.

17 out of the 30 stocks in the Dow Jones Industrial Average finished higher, with Chevron (CVX) the biggest point gainer, up $1.01 to $81.59, for 1.25%. Chevron was also the only stock to gain more than a dollar among the Dow stocks. Caterpillar (CAT) was the next best performer, adding $0.94 to $68.22, a 1.40% gain.

Intel (INTC) was the biggest percentage gainer, rising 2.98%, on a $0.70 move to $24.22 in the shares. The stock extended yesterday’s positive earnings-fueled gains in Intel’s shares. The move today, sent Intel to a twenty-month closing high.

The Coca-Cola Company (KO), was the biggest point loser, dropping $0.69 to $54.26, a 1.26% decline.

In the broader markets, positive earnings from trucking companies Landstar (LSTR) and JB Hunt (JBHT) sent transportation stocks higher. JB Hunt rose $0.64 to $37.69, while Landstar was up $2.26 to $45.48. FedEx (FDX) and UPS (UPS) were also big winners, with FedEx up $1.61 to $95.62, while UPS gained $3.44 to $68.89.

Tags: , , ,