As one quarter rolls over into the next, here are some highlights from this past week's earnings coverage from BloggingStocks:
- Best Buy Inc. (NYSE: BBY) beat fourth-quarter expectations and offered a positive outlook for fiscal 2009.
- CarMax Inc. (NYSE: KMX) beat Wall Street earnings estimates for the fourth quarter.
- Citi Trends Inc. (NASDAQ: CTRN) beat fourth-quarter estimates and offered a rosy outlook for fiscal 2009.
- Constellation Brands Inc. (NYSE: STZ) swung to a fourth-quarter loss but beat estimates.
- Family Dollar Stores (NYSE: FDO) beat second-quarter estimates but slashed its full-year outlook.
- Immucor Inc. (NASDAQ: BLUD) beat third-quarter expectations and offered a positive full-year outlook.
- Monsanto Co. (NYSE: MON) beat second-quarter expectations but the full-year outlook disappointed.
- Mosaic Co. (NYSE: MOS) third-quarter earnings surged on strong demand and higher crop prices.
- Paychex Inc. (NASDAQ: PAYX) results on path to continue an 18-year earnings/revenue growth streak.
- Red Hat Inc. (NYSE: RHT) posted solid fourth-quarter results on strength of JBoss and other offerings.
- Research in Motion Ltd. (NASDAQ: RIMM) fourth-quarter earnings and revenue more than doubled.
- Ruby Tuesday Inc. (NYSE: RT) third-quarter earnings beat low expectations; full-year outlook is bleak.
- Scholastic Corp. (NASDAQ: SCHL) announced disappointing third-quarter results post-Harry Potter.
- UBS (NYSE: UBS) writes off $19 million for the first quarter and shows chairman the door.
Also, prospects look grim for some newspapers. The financial crisis in the U.S. prompted the IMF to cut its global growth forecast.
Upcoming results to watch for include Alcoa (NYSE: AA), Circuit City Stores (NYSE: CC), Bed Bath & Beyond (NASDAQ: BBBY), and General Electric (NYSE: GE).
Ray of light: U.S. temp worker hiring increased by 34k in October
Closing Bell: Bulls gutting bears (ATVI, EWBC, GE, JASO, ENZN, MCD)
Goldman Sachs CEO Lloyd Blankfein pulls a Jeff Skilling in an interview
Reader Comments (Page 1 of 1)
4-05-2008 @ 4:28PM
Michael Schneider said...
Monsanto and Mosaic earnings ignited the ag sector this week after the stocks took a pause when Barron's put out a feature suggesting commodities are in a bubble. The weather this week also helped as analysts are worried that the US won't have enough corn (see new item in the Spotlight section (top right) at http://www.Barrelomoney.com.