Here are some highlights from this past week's earnings coverage from BloggingStocks:
- CarMax Inc. (NYSE: KMX) Q1 profits tumbled despite its aggressive expansion program.
- Chiquita Brands International Inc. (NYSE: CQB) warned it would miss earnings due to cost hikes.
- Circuit City Stores Inc. (NYSE: CC) Q1 loss widened as same-store sales dwindled.
- Commercial Metals Co. (NYSE: CMC) Q3 profits declined despite strong demand, but beat estimates.
- Coventry Healthcare Inc. (NYSE: CVH) lowered its Q2 and full-year outlooks after a disappointing April.
- FedEx Corp. (NYSE: FDX) missed estimates on higher fuel prices and offered lackluster guidance.
- Ford Motor Co. (NYSE: F) warned that 2008 full-year results would be worse than those of 2007.
- General Electric Co. (NYSE: GE) was downgraded by JP Morgan because of risk to earnings.
- J.M. Smucker Co. (NYSE: SJM) missed Q4 earnings expectations despite acquisitions-based growth.
- La-Z-Boy Inc. (NYSE: LZB) said it swung to a Q4 loss due to diminishing retail sales.
- Lehman Brothers Holdings Inc. (NYSE: LEH) CEO expressed his disappointment in the Q2 results.
- Merrill Lynch & Co. (NYSE: MER) profit warnings and write-downs hit the rumor mill.
- Morgan Stanley (NYSE: MS) beat low expectations despite a hefty decline in Q2 profits (see transcript).
- Pier 1 Imports Inc. (NYSE: PIR) narrowed its Q1 loss but still fell short of expectations.
- Winnebago Industries Inc. (NYSE: WGO) posted dismal Q3 results but still beat low expectations.
More earnings highlights from this week: Goldman Sachs, Best Buy, General Mills, Carnival and others
Also, BusinessWeek likes the earnings prospects for agricultural stocks such as Archer Daniels Midland (NYSE: ADM), Monsanto (NYSE: MON), and Deere & Co. (NYSE: DE).
Upcoming results to watch for include Walgreen (NYSE: WAG), Kroger (NYSE: KR), Bed Bath & Beyond (NASDAQ: BBBY), General Mills (NYSE: GIS), Monsanto (NYSE: MON), Nike (NYSE: NKE), Oracle (NASDAQ: ORCL), Research in Motion (NASDAQ: RIMM), ConAgra (NYSE: CAG), Discover (NYSE: DFS), McCormick (NYSE: MKC), Rite Aid (NYSE: RAD:), and KB Home (NYSE: KBH).
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