Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Applied Materials Inc. (NASDAQ: AMAT) Q2 profits declined on a glut of flash memory chips.
- Bally Technologies Inc. (NYSE: BYI) beat Q3 expectations and offered full-year guidance.
- Barclay's (NYSE: BCS) reported a big Q1 loss on credit-related write-downs.
- Constant Contact Inc. (NASDAQ: CTCT) saw big increases in Q1 revenues and in its customer base.
- Deere & Co. (NYSE: DE) Q2 profits rose on international demand, but results just missed estimates.
- Fluor Corp.'s (NYSE: FLR) strong Q1 results are a signal for the energy sector, says Jim Cramer.
- Freddie Mac (NYSE: FRE) Q1 loss widened on the housing slump, but not as much as forecast.
- IndyMac Bancorp Inc. (NYSE: IMB) narrowed its loss but predicted it wouldn't see a profit in 2008.
- LDK Solar Co. Ltd. (NYSE: LDK) Q1 earnings topped forecasts and it raised its outlook.
- MBIA Inc. (NYSE: MBI) reported a larger-than-expected Q1 loss due to write-downs.
- Mindray Medical International Ltd. (NYSE: MR) beat Q1 expectations and raised its full-year guidance.
- Nuance Communications Inc. (NASDAQ: NUAN) Q2 earnings were in line with analysts' expectations.
- ON Semiconductor Corp. (NASDAQ: ONNN) beat Q1 expectations and raised its Q2 revenue forecast.
- RealNetworks Inc. (NASDAQ: RNWK) beat Q1 estimates and announced share buybacks and a spin off.
- Salary.com Inc. (NASDAQ: SLRY) missed Q1 forecasts, leading to analysts' downgrades.
- Sykes Enterprises Inc. (NASDAQ: SYKE) beat Q1 estimates and raised its Q2 and full-year forecast.
- Syniverse Holdings Inc. (NYSE: SVR) beat Q1 expectations on strength in "messaging and mobil data."
- Toll Brothers Inc. (NYSE: TOL) warned of lower Q2 profits and more "challenging times" ahead.
- Website Pros Inc. (NASDAQ: WSPI) reported flat earnings despite soaring revenues and operating income.
Also, after AIG's (NYSE: AIG) dismal results, International Lease Finance Corp. wants to be spun off from its parent. Analysts see JC Penney Inc. (NYSE: JCP), Kohl's Corp. (NYSE: KSS) and the rest of the retail sector rebounding in the latter half of the year. Jim Cramer ponders some suprising responses to so-so earnings reports, and looks ahead to Lowe's (NYSE: LOW) and Home Depot (NYSE: HD) as a sign for the housing sector.
Other upcoming results to watch for include Campbell Soup (NYSE: CPB), Autozone (NYSE: AZO), Hewlett-Packard (NYSE: HPQ), Intuit (NASDAQ: INTU), Staples (NASDAQ: SPLS), Target (NYSE: TGT), Limited Brands (NYSE: LTD) The Gap (NYSE: GPS) and Barnes & Noble (NYSE: BKS).
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Reader Comments (Page 1 of 1)
5-18-2008 @ 5:19AM
B. Harrison said...
A basic problem with the investment market is the lack of firm, clear cupt accounting standards, that the market lacks the integrity of financial disclosure for investors to have confidence in the market.
A big factor in the previous boom-to-bust market was the "creative accounting" by many corporations to use questionable assest evaluations to bolster the charade of their bottom line. Even now, the relative value of many assests is questionable and unresolved.
How can investors have any confidence in the financial conditions of these corporations whose creative accounting practices is still unresolved.? It appears that it will take at least 18 mos. to 3 yrs. to see how all of this plays out. Meanwhile, too many potential investors are going to be gun shy about these hidden risks to invest in the market.