Here are some highlights from this past week's earnings coverage from BloggingStocks:
- American International Group Inc. (NYE: AIG) reported a loss of $7.8 billion but raised its dividend.
- Barr Pharmaceuticals Inc. (NYSE: BRL) missed earnings estimates and lowered its guidance.
- D.R. Horton Inc. (NYSE: DHI) posted a larger-than-expected Q2 loss on further write-downs.
- Fannie Mae (NYSE: FNM) posted its third straight quarterly loss on the continuing housing slump.
- Hansen Natural Corp. (NASDAQ: HANS) lower-than-estimated Q1 profit led shares to a 52-week low.
- Lazard Ltd. (NYSE: LAZ) net income dropped 71% on a fall-off of M&A activity and a write-down.
- MGM Mirage Inc. NYSE: MGM) Q1 profits were dragged down by decreased consumer spending.
- Pilgrims Pride Corp. (NYSE: PPC) widened its Q2 loss due to the rising cost of feed.
- Playboy Enterprises Inc. (NYSE: PLA) swung to a Q1 loss as revenue declined in all units.
- Qwest Communications (NYSE: Q) net income and revenue fell in the first quarter.
- Scotts Miracle Gro Co. (NYSE: SMG) blamed a slow start to spring for its Q2 profit decline.
- Teva Pharmaceutical Industries Inc. (NASDAQ: TEVA) posted a Q1 loss due to a charge.
- THQ Inc. (NASDAQ: THQI) posted a loss for its fourth quarter and revenues flat for the year.
- Toyota Motor Corp. (NYSE: TM) posted lower-than-expected Q4 results due to the U.S. economic slump.
- Warner Music Group Corp. (NYSE: WMG) Q2 loss widened and it suspended its quarterly dividend.
Also, Jim Cramer takes a look at the implications of AIG's big loss. And a lack of earnings guidance from Dr. Pepper Snapple Group Inc. (NYSE: DPS) had investors skittish as the company began trading this week.
Upcoming results to watch for include Sprint Nextel (NYSE: S), XM Satellite Radio Holdings (NASDAQ: XMSR), Sirius Satellite Radio (NASDAQ: SIRI), Electronic Arts (NASDAQ: ERTS), Whole Foods (NASDAQ: WFMI), Wal-Mart (NYSE: WMT), Deere & Co. (NYSE: DE), Toll Brothers (NYSE: TOL), Applied Materials (NASDAQ: AMAT), JC Penney (NYSE: JCP), Macy's (NYSE: M), Nordstrom (NYSE: JWN), Hewlett-Packard (NYSE: HPQ), Abercrombie & Fitch (NYSE: ANF).
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Reader Comments (Page 1 of 1)
5-11-2008 @ 9:42AM
Connie said...
I totally agree Gerald, I've dealt with AIG before and they sure don't pay claims! I would NEVER have them as my insurance company! Worst company I've ever dealt with! The ONLY thing they're good at is giving you the run around. Good luck with that suit. I'm just amazed that more people aren't suing them!
5-11-2008 @ 11:49AM
gerald vaughn said...
AIG sucks. It is a bad faith insurer and should be avoided at all cost. "AIG won't soon forget me". TIM Fowler inthe Tempe,AZ claims office can kiss my ass. I'm suing AIG take that.