As the holidays loom, not to mention the end of the quarter, here are some highlights of this past week's earnings coverage from BloggingStocks:
- Adobe Systems Inc. (NASDAQ: ADBE) posted solid Q4 results, but left its guidance unchanged.
- Bear Stearns Cos. (NYSE: BSC) swung to a loss, another victim of the subprime mortgage mess.
- Best Buy Inc. (NYSE: BBY) beat estimates in part on sales of the Nintendo Wii and flat-panel TVs.
- CarMax Inc.'s (NYSE: KMX) net earnings declined, and the company lowered its guidance.
- Circuit City Stores (NYSE: CC) posted another disappointing quarter on "transformation" woes.
- Darden Restaurants Inc.'s (NYSE: DRI) Q2 profits fell, leading the share price to a one-year low.
- FedEx Corp. (NYSE: FDX) beat low expectations, boosted in part by international growth.
- Goldman Sachs Group (NYSE: GS) beat estimates, but not enough to impress investors.
- Herman Miller Inc. (NASDAQ: MLHR) beat estimates despite restructuring and the soft economy.
- Hovnanian Enterprises Inc.'s (NYSE: HOV) dismal results had wide-ranging effects.
- Jabil Circuit Inc. (NYSE: JBL) posted a solid quarter but lowered its outlook due to coming restructuring.
- Martek Biosciences Corp. (NASDAQ: MATK) beat expectations and raised its guidance.
- Morgan Stanley (NYSE: MS) posted worse-than-expected quarter and full-year results.
- Oracle Corp. (NASDAQ: ORCL) beat expectations on the strength of software upgrades.
- Palm Inc. (NASDAQ: PALM), reported a Q2 loss and lowered its guidance for the current quarter.
- Red Hat Inc.'s (NYSE: RHT) earnings were in line with expectations, but it raised its outlook.
- Research in Motion Ltd. (NASDAQ: RIMM) posted a solid quarter and raised its guidance.
- Take Two Interactive (NASDAQ: TTWO) warned of a higher-than-expected loss for the first quarter.
- TD Ameritrade Holding Corp. (NASDAQ: AMTD) raised its outlook for first quarter earnings.
- Walgreen Co. (NYSE: WAG) posted a solid quarter on strong sales and cost controls.
In light of results for the financials, both Peter Cohan and Jim Cramer ponder what sets Goldman Sachs apart from its rivals, but Timothy Sykes is not impressed with the stock. And ahead of its earnings report, Bear Stearns announced that executives would forgo their bonuses, setting a new precedent. Peter Cohan also explains why analysts tend to be optimistic about earnings, and Jim Cramer examines the recent strength in tech stocks.
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
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