Under the Buttonwood TreeUnder the Buttonwood TreeA Daily Review of News that Impacts the Stock Market. Articles
Whirlpool Corp. (WHR)
2008-02-05 14:09:00 Whirlpool Corp. (WHR) reported fourth-quarter earnings from continuing operations of $187 million or $2.38 per diluted share and revenue of $5.3 billion. Analyst estimates were $2.17 per share and revenue of $5.27 billion. Outlook "For the full-year 2008, Whirlpool expects earnings per diluted share from continuing operations to be in the $8.50 to $9.00 range and to generate $600 million to More About: Whirlpool
Dollar Thrifty Automotive Group Inc. (DTG)
2008-02-04 21:33:00 Dollar Thrifty Automotive Group Inc. (DTG) announced that it expects full year 2007 non-GAAP earnings per diluted share to be in the range of $0.90 to $0.95. This calculation excludes the change in fair value of derivatives. The prior guidance issued in early November was $1.75 to $1.85 of non-GAAP earnings per diluted share. Drivers of Reduced Guidance 1) Decline in consumer demand and lower More About: Dollar
Weekly Link Orgy
2008-02-04 13:39:00 Investor Insight gives us an excellent macro review of the times we live in. And now a web site dedicated to an increasingly common tactic facing homeowners who are delinquent in making mortgage payments: walk away. Western Sizzlin is a company getting more and more buzz in the Value Investing blogosphere lately. Here is a letter the Chairman sent to a company he is trying to buy. Facebook More About: Link , Weekly
Google Inc. (GOOG)
2008-02-01 15:37:00 Google Inc. (GOOG) reported GAAP revenues of $4.83 billion for the quarter ended December 31, 2007, and GAAP EPS of $3.79. Non-GAAP EPS in the fourth quarter of 2007 was $4.43. Google reports non-GAAP earnings results which is computed net of stock-based compensation. GOOG also reports non-GAAP revenues which excludes traffic acquisition costs (TAC), or the amount that GOOG shares with its ad More About: Google , Google Inc
Furniture Brands (FBN)
2008-01-31 21:25:00 Furniture Brands (FBN) reported a fourth quarter loss from continuing operations of $41.8 million, or $0.86 per share. Net sales for the fourth quarter of 2007 were $504.8 million. Management gave guidance for 2008 earnings per share in the range of $0.40 to $0.60. FBN is trading at $9.41, giving the stock a PE of 19, using the midpoint of the range. Highlights of the Conference Call "Our More About: Furniture
Amazon.com Inc. (AMZN)
2008-01-30 22:20:00 Amazon.com Inc. (AMZN) reported revenues of $5.67 billion in the fourth quarter ending December 31, 2007. Net income was $207 million or $0.48 per diluted share, while operating income was $271 million. Analysts were expecting $0.48 and $5.37 billion in revenues. Updated Guidance First Quarter 2008 Guidance 1) Net sales are expected to be between $3.95 billion and $4.15 billion, or to grow More About: Amazon
Baker Hughes Inc. (BHI)
2008-01-30 22:17:00 Baker Hughes Outlook 1) Outside North America revenue for the year 2008 is expected to increase in a percentage range from the low to mid-teens compared to the year 2007. 2)Corporate and other expenses, excluding interest expense and interest and dividend income are expected to be approximately $245 million. 3)Capital expenditures are expected to be approximately $1.3 billion for the year 2008 More About: Baker Hughes , Baker
Baker Hughes Inc. (BHI)
2008-01-30 22:07:00 Baker Hughes Inc. (BHI) warned of weakening conditions in the Oil Services market in its conference call today. "Q4 was a challenging quarter. Part of this was due to market conditions that we did not anticipate, such as weaker than expected activity in the Gulf of Mexico and increasing competitive conditions and price pressures particularly in North America." "Overall margin deterioration in More About: Baker Hughes , Baker
Weekly Link Orgy
2007-12-24 18:00:00 The best links I could find from my Weekend reading: The Big Picture discusses two indicators of a recession used by Paul Kasriel, hereafter known as the Kasriel Recession-Warning Indicator. These are two very scary charts to look at. It's not too late to buy a gift for the Stock Market Junkie in your life. I thought these guys on Wall Street were supposed to be the smart money. True Book More About: Link , Weekly
Rick’s Cabaret International (RICK)
2007-12-21 17:08:00 Rick’s Cabaret International (RICK) had an interesting comment on its conference call saying that it had strong sales growth in part due to its New York City club. This is odd considering that much of the business from that industry is derived from Wall Street and given the implosion and layoffs at many brokerage firms, it makes me wonder if that trend will continue next quarter. Another More About: Rick
Research In Motion (RIMM)
2007-12-21 16:47:00 Research In Motion (RIMM) held its conference call last night and provided further commentary on its business: "We saw recent efforts in channel expansion, retail programs and carrier support they have proved with Black Friday being our strongest date ever in terms of net subscriber account additions. The success of these programs was further evidenced by the notable increase in weekend net More About: Research , Research In Motion
Jabil Circuit (JBL)
2007-12-21 15:31:00 Jabil Circuit (JBL) reported $0.36 per share and $3.4 billion in sales. GAAP earnings were $0.30 per share. Updated Management Outlook Second Quarter "The company expects second fiscal quarter of 2008 net revenue in a range of $3.0 billion to $3.1 billion, with an estimated core operating margin range of 2.2 to 2.4 percent...core earnings per share for its second quarter of fiscal 2008 are
Walgreen (WAG)
2007-12-21 15:14:00 Walgreen (WAG)reported diluted earnings per share of $0.46 cents and revenues of $14.0 billion. Same store sales were up 5.4 percent in the quarter, while front-end same store drugstore sales rose 4.6 percent in the quarter. WAG showed excellent expense control in the quarter and opened 169 new stores. Analysts were expecting EPS of $0.44 and sales of $14.11 billion. Despite missing on the
Circuit City Stores Inc (CC)
2007-12-21 15:00:00 Circuit City Stores Inc (CC) reported a net loss per share from continuing operations of $(1.26) for the third quarter ending November 30, 2007. Net sales decreased 3.1 percent to $2.96 billion from $3.06 billion in the same period last year, with consolidated comparable store sales decreasing 5.6 percent. Management updated its outlook for the next quarter, expecting a loss: "Assuming that More About: Circuit , Circuit City
Research in Motion Ltd. (RIMM)
2007-12-20 22:05:00 Research in Motion Ltd. (RIMM) beat the number handily and is trading up 11% in after hours. Revenue for the third quarter of fiscal 2008 was $1.67 billion, and net income for the quarter was $0.65 per share. 1.65 million BlackBerry subscriber accounts were added in the quarter and over 3.9 million devices were shipped. Gross margin was 50.7% for the quarter. Revenue estimates for the quarter More About: Research , Research In Motion
FedEx Corporation (FDX)
2007-12-20 21:14:00 FedEx Corporation (FDX)had some interesting things to say on the quarterly conference call regarding the economic outlook as they see it. They are cutting capital expenditures and slowing the growth in Kinko's. This is a prudent management team. "US economy continues to grow but it is clearly restrained by high fuel prices, slower growth in industrial production and a decline in the automotive
Pier 1 Imports (PIR)
2007-12-20 21:06:00 Pier 1 Imports (PIR) is up 38% today on signs that the company has finally achieved profitability in its store operations. loss from continuing operations of $10.0 million or $0.11 per share for the third quarter ended December 1, 2007 versus a net loss of $72.7 million or $0.83 per share for the year ago period. Also, the Company generated a positive EBITDA (earnings before interest, taxes, More About: Pier
Rite Aid Corp. (RAD)
2007-12-20 15:20:00 Rite Aid Corp. (RAD) reported a net loss for the quarter of $84.8 million or ($0.12) per diluted share vs. an expected loss of ($0.07). Revenues also fell short of estimates. The outlook was adjusted as well: "The company said it expects sales to be between $24.3 billion and $24.6 billion, with same store sales improving 1.0 percent to 2.0 percent as compared to previous guidance of $24.5
Research in Motion Ltd. (RIMM)
2007-12-20 14:53:00 There are rumors floating around that Research in Motion Ltd. (RIMM) will restate its earnings tonight when they report. Revenue estimates for the quarter are $1.65 billion and EPS estimates are $0.62. The outlook that RIMM gives will be watched very closely. The outlook given during the call in October was: "We are forecasting revenue for the third quarter of fiscal 2008 to be significantly More About: Research In Motion
FedEx Corporation (FDX)
2007-12-20 14:42:00 FedEx Corporation (FDX) reported earnings of $1.54 per diluted share for the second quarter ended November 30. Revenue for the quarter was $9.45 billion, up 6% year over year. The company also provided an outlook for next year: "FedEx expects earnings to be $1.15 to $1.30 per diluted share in the third quarter compared to $1.35 a year ago. For the full year, the company expects earnings of
Bear Stearns Companies Inc. (BSC)
2007-12-20 14:26:00 Bear Stearns Companies Inc. (BSC)reported earnings this morning, and the company announced a higher writedown than it anticipated just 5 weeks ago. In early November, BSC said that it anticipated write-downs of approximately $1.2 billion in mortgage inventory net of hedges. At November 30, total net inventory write-downs were $1.9 billion. Including these write-downs the company reported a loss More About: Bear Stearns , Bear
Darden Restaurants Inc. (DRI)
2007-12-19 22:55:00 Darden Restaurants Inc. (DRI) had a miserable day and closed at $28.60, down 21%. The company reported sharply higher costs for food and beverage expenses in the quarter, specifically "the most significant inflation was on dairy, bread, and some seafood products," according to management. DRI was able to hedge some of its inputs, like pasta but couldn't hedge the cost of bread, and had to renew
Oracle Corp (ORCL)
2007-12-19 22:40:00 Oracle Corp (ORCL) reported a great quarter, blowing past estimates on earnings and revenues. The stock is up almost 4% in after hours trading. ORCL fiscal 2008 Q2 GAAP earnings per share were up 36% to $0.25 or $0.31 excluding charges. This beat the estimate of $0.27. Second quarter total GAAP revenues were up 28% to $5.3 billion, vs. an estimate of $5.04 billion. The call is going on More About: Oracle , Oracle Corp
Union Pacific (UNP)
2007-12-19 15:08:00 Union Pacific (UNP) just lowered its guidance and is now forecasting fourth quarter 2007 earnings in the range of $1.70 to $1.80 per diluted share, a reduction from the original forecast of $1.90 to $2.00 per diluted share. Full year 2007 earnings expectations are now in the range of $6.76 to $6.86 per diluted share, down from the estimates of $7.03. UNP cited rapidly rising diesel fuel costs More About: Union
TD Ameritrade (AMTD)
2007-12-19 14:45:00 TD Ameritrade (AMTD)reported its monthly metrics last night and increased guidance for the quarter as well. AMTD currently expects its earnings per share to be approximately $0.39, above the $0.27-$0.33 guidance range for the December quarter from the October 23, 2007 update. AMTD appears to be benefiting from the troubles at competitor E-Trade (ETFC). AMTD is trading at $20.00 up 3% in pre
Fifth Third Bancorp (FITB)
2007-12-19 14:20:00 Another bank caught up a little in the deteriorating credit environment is Fifth Third Bancorp (FITB). FITB upped its expected credit losses and provisions in a filing last night with the SEC. 1) Current expectations for the fourth quarter of 2007 are reported earnings per share of approximately $0.24 to $0.27. For the full year 2007, reported earnings per share are expected to be
Hovnanian Enterprises (HOV)
2007-12-19 14:06:00 Some other nuggets from the Hovnanian Enterprises (HOV) earnings report. 1) HOV wrote off a total of $383 million pretax including land impairments of $168 million, intangible impairments of $78 million and write-offs of predevelopment costs and land deposits of $105 million, as well as $32 million representing its equity portion of write-offs and impairment charges in unconsolidated joint
Morgan Stanley, Inc (MS)
2007-12-19 13:49:00 Morgan Stanley Inc.(MS) just reported its quarter and the stock started trading higher immediately, but within a few minutes it turned down and is now trading at $47.29, down 1.62%. It looks like the write down was larger than what they expected just a month ago. The total fourth quarter writedown is $9.4 billion. As of October 31, 2007, the company expected only $3.7 billion in writedowns, More About: Morgan Stanley , Morgan , Organ
Hovnanian Enterprises(HOV)
2007-12-19 13:42:00 Hovnanian Enterprises Inc., (HOV) reported a pathetic quarter as expected. HOV had an after tax loss of $469 million or $7.42 per common share for the fourth quarter of fiscal 2007, compared with a net loss of $118 million, or $1.88 per common share, in the fourth quarter of fiscal 2006. For the full year, the Company reported an after tax loss of $638 million or $10.11 per common share in 2007
Palm Inc, (PALM)
More articles from this author:2007-12-18 22:08:00 Palm Inc. (PALM) just announced earnings and although it was slightly better than the pre announcement from several weeks ago, PALM also said they would stop giving guidance. The stock closed at $5.93 and is now trading at $5.35, down 10% in after hours. More About: Palm , Palm Inc 1, 2, 3, 4, 5, 6, 7 |
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