Earnings highlights: Crocs, Exxon, Kraft, P&G, Sirius, and others

Posted Nov 3rd 2007 10:10AM by Trey Thoelcke
Filed under: Earnings Reports, Microsoft (MSFT), Dell (DELL), Intel (INTC), Sirius Satellite Radio (SIRI), Exxon Mobil (XOM), IAC/InterActiveCorp (IACI), Avon Products (AVP), Chevron Corp (CVX), CIGNA Corp (CI), Kellogg Co (K), Clorox Co (CLX), Colgate-Palmolive (CL), MasterCard Inc'A' (MA), Procter and Gamble (PG), Trump Entertainment Resorts (TRMP), Verizon Communications (VZ), Alcatel-LucentADS (ALU), U.S. Steel (X), Under Armour'A' (UA), Newmont Mining (NEM), RadioShack Corp (RSH), Burger King Hldgs (BKC), Teva Pharm Indus ADR (TEVA), Kraft Foods'A' (KFT), Crocs Inc (CROX), Jones Apparel Group (JNY)

Lots more quarterly reports rolled out this past week, and here are some highlights of earnings coverage from BloggingStocks:

Alcatel-Lucent (NYSE: ALU) reported more losses and more job cuts.
Alvarion Ltd.'s (NASDAQ: ALVR) record quarter fuels speculation of a Cisco (NYSE: CSCO) buyout.
Avon Products Inc.'s (NYSE: AVP) profit rose 61%, buoyed by strength in emerging markets.
Chevron Corp. (NYSE: CVX) fell short of expectations due to tighter margins.
CIGNA Corp. (NYSE: CI) had a solid quarter but warned about 2008 earnings.
Clorox Co. (NYSE: CLX) blamed profit loss on materals costs, and announced acquistion of Burt's Bees.
Colgate-Palmolive Co. (NYSE: CL) beat estimates by a penny and had strong sales overseas.
Crocs Inc. (NASDAQ: CROX) beat earnings estimates and revised its full-year forecast.
Dell Inc. (NASDAQ: DELL) announced it would restate revenues, ahead of its November quarterly report.
Exxon Mobil Corp. (NYSE: XOM) missed expectations, also due to tighter margins.
Given Imaging Ltd. (NASDAQ: GIVN) cited FDA approval delays for disappointing results.
Hertz Global Holdings Inc. (NYSE: HTZ) posted record revenues and appointed a new CFO.
Humana Inc.'s (NYSE: HUM) positive surprise lifted the share price to a new all-time high.

IAC/InterActiveCorp (NASDAQ: IACI) fell short of expectations, dragged down by the housing slump.
International Paper Co.'s (NYSE: IP) revenue beat estimates, while earnings were in line with them.
Jones Apparel Group Inc.'s (NYSE: JNY) earnings soared on one-time gains.
KBR Inc. (NYSE: KBR) beat expectations due to one-time gains.
Kellogg Co. (NYSE: K) beat expectations, in part on the strength of international sales.
Kraft Foods Inc. (NYSE: KFT) citeed dairy costs and investments in its profit decline.
MasterCard Inc.'s (NYSE: MA) profit soared 63% on cardholder spending in international markets.
Newmont Mining Corp. (NYSE: NEM) easily beat estimates, sending the share price to a 52-week high.
Procter & Gamble Co. (NYSE: PG) beat estimates by a penny and had strong sales overseas.
Radio Shack Corp. (NYSE: RSH) beat expectations on earnings but not revenue.
R.R. Donnelley & Sons Co. (NYSE: RRD) beat estimates and revised its guidance.
Sirius Satellite Radio Inc. (NASDAQ: SIRI) reported a smaller-than-expected loss, strong subscriber growth.
Sprint Nextel Corp. (NYSE: S) stumbled in Q3 on management and merger issues.
TEVA Pharmaceutical's (NASDAQ: TEVA) strong margins helped it beat expectations by a penny.
Toshiba Corp.'s (OTC: TOSBF) profit soared due to increased sales of flash memory chips.
Trump Entertainment Resorts Inc. (NASDAQ: TRMP) announced higher profit on lower costs.
Under Armour Inc. (NYSE: UA) beat expectations and offered revised guidance.
U.S. Steel Corp, (NYSE: X) blamed its poor results on acquisitions costs and Chinese imports.
Verizon Communications (NYSE: VZ) reported a profit loss, based on tax-related charges.

Jim Cramer isn't buying the excuses that Comcast Corp. (NASDAQ: CMCSA) and Coach Inc. (NYSE: COH) offered in their recent quarterly reports. One expert is more impressed with Intel Corp.'s (NASDAQ: INTC) results than with Microsoft Corp.'s (NASDAQ: MSFT). And Zac Bissonnette points to the importance of questioning too-good-to-be-true results.

Upcoming results to watch for include: Archer Daniels Midland Co. (NYSE: ADM), Cisco Systems Inc. (NASDAQ: CSCO), General Motors Corp. (NYSE: GM), Ford Motor Co. (NYSE: F), Time Warner Inc. (NYSE: TWX), News Corp. (NYSE: NWS), Walt Disney Co. (NYSE: DIS), Burger King Holdings Inc. (NYSE: BKC), and Qualcomm Inc. (NASDAQ: QCOM).

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Tags: ADM, Alcatel-Lucent, ALU, Alvarion, ALVR, Archer Daniels Midland, Avon, AVP, BKC, Burger King, Burt's Bees, Chevron, CI, CIGNA, Cisco, Cisco Systems, CL, Clorox, CLX, CMCSA, Coach, COH, Colgate-Palmolive, Comcast, Crocs, CROX, CSCO, CVX, DELL, DIS, Disney, earnings, earnings reports, ExxonMobil, Ford, General Motors, Given Imaging, GIVN, GM, Hertz, HTZ, HUM, Humana, IAC, IACI, INTC, Intel, Interactivecorp, International Paper, IP, Jim Cramer, JNY, Jones Apparel, KBR, Kellogg, KFT, Kraft, MA, MasterCard, Microsoft, MSFT, NEM, Newmont, News Corp., NWS, PG, Procter and Gamble, QCOM, Qualcomm, R.R. Donnelley, Radio Shack, RRD, RSH, SIRI, Sirius, Sprint, Sprint Nextel, TEVA, Time Warner, Toshiba, TRMP, Trump, TWX, UA, Under Armour, US Steel, Verizon, VZ, Walt Disney, X, XOM, Zac Bissonnette

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Reader Comments (Page 1 of 1)

11-05-2007 @ 3:32PM

Barb J said...

It's important to remember the global aspect of Crocs sales. For those who think of Crocs as a fad product, even if they could be considered a fad in the US or in some states, we can't assume the world has the sames tastes and priorities that we do. Also, Crox now has both hybrid Crocs/shoes (my terminology) and real fashion shoes at competetive prices. And I believe they are developing products other than shoes and clothing which are likely to do very well.