Here are a few highlights of this past week's earnings coverage from BloggingStocks:
- Advanced Micro Devices Inc. (NYSE: AMD) had a lackluster quarter due in part to the acquistion of ATI.
- AMR Corp. (NYSE: AMR) posted a larger than expected loss due to rising fuel costs.
- Apple Inc. (NASDAQ: AAPL) shares are hunkered down post-MacWorld but ahead of the Q1 report.
- Genentech Inc. (NYSE: DNA) beat earnings estimates, though its growth is slowing.
- General Motors Corp. (NYSE: GM) forecasts earnings growth on cost-cutting and overseas sales.
- IBM (NYSE: IBM) had an impressive fourth quarter and expects a good 2008 (see transcript).
- Intel Corp.'s (NASDAQ: INTC) solid results failed to impress investors (see transcript).
- Johnson Controls Inc. (NYSE: JCI) posted a solid first quarter, with growth in all divisions.
- New Oriental Educational & Technology Group Inc. (NYSE: EDU) posted disappointing results.
- Novartis AG (NYSE: NVS) profits fell on restructuring costs and increased competition for generics.
- Sony Ericsson beat estimates and is gaining market share in the global cell phone market.
- TJX Companies Inc. (NYSE: TJX) revised its fourth quarter outlook after strong December sales.
- Vignette Corp. (NASDAQ: VIGN) raised its fourth quarter revenue guidance, which buoyed shares.
- Williams-Sonoma Inc. (NYSE: WSM) lowered its guidance on weak holiday sales.
See additional earnings highlights. Also, Jim Cramer ponders the ennui of the new earnings season. Georges Yared is bullish on tech stocks, and big tech executives are bullish as well. Jonathan Berr looks ahead to upcoming big tech reports.
Other upcoming results to watch for include Texas Instruments (NYSE: TXN), eBay Inc. (NASDAQ: EBAY), Motorola Inc. (NYSE: MOT), Qualcomm Inc. (NASDAQ: QCOM), Nokia Corp. (NYSE: NOK), AT&T Inc. (NYSE: T), E*Trade Corp. (NASDAQ: ETFN), and Microsoft Corp. (NASDAQ: MSFT).
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Reader Comments (Page 1 of 1)
1-21-2008 @ 11:32AM
Richard Trabucco said...
IBM's Jan 17 & Jan 18 2008 SEC filings "press releases" start with the following statements:
Press Release:
The following statement on Page 1: “Revenues were flat excluding the year-to-year impact of the Printing Systems Division divestiture in June 2007.”
Slides:
On Slide 3 (4Q 2007 Summary), the following information: “Revenue flat*”
Considering revenue was flat for the 4th quarter (excluding printer div. divestiture), approx. 5% of revenue was due to currency exchange (not growth), and the Pacific rim and European economies and markets are slowing and/or falling respectively, (which constitute 50% of IBM's business), it's hard to see how IBM can forecast such a rosy outlook for 2008.