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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerHere are some highlights from this past week's earnings coverage from BloggingStocks:
- Alcoa Inc. (NYSE: AA) Q2 earnings decline on materials costs but beat analysts estimates (see transcript).
- Apollo Group Inc. (NASDAQ: APOL) solid Q3 results were accompanied by a share buyback program.
- Boeing Co. (NYSE: BA) warned that Q2 results will include a delay-related charge of 22 cents per share.
- Cash America International Inc. (NYSE: CSH) predicted Q2 earnings above previous guidance.
- EZcorp Inc. (NASDAQ: EZPW) predicted better-than-expected Q3 results due to strong sales.
- Family Dollar Stores Inc. (NYSE: FDO) beat Q3 expectations and raised its Q4 guidance.
- Flow International Corp. (NASDAQ: FLOW) swung to a better-than-expected Q4 profit on strong demand.
- General Electric Co. (NYSE: GE) reported mixed Q2 results and offered an uninspiring Q3 outlook (transcript).
- Helen of Troy Ltd. (NASDAQ: HELE) Q1 results were colored by write-downs and other charges.
- International Speedway Corp. (NASDAQ: ISCA) Q2 earnings soared while revenue slipped.
- Levis Strauss Q2 profitability plunged due to declining sales and higher administrative costs.
- Marriott International Inc. (NYSE: MAR) topped Q2 estimates but lowered its guidance (see transcript).
- Merck & Co. (NYSE: MRK) was downgraded by a UBS analyst due to its earnings prospects.
- Nordstrom Inc. (NYSE: JWN) lowered its Q2 guidance after slow June same-store sales.
- Office Depot Inc. (NYSE: ODP) decline in same-store sales cast doubt on its Q2 earnings forecast.
- Pepsi Bottling Group Inc. (NYSE: PBG) posted solid Q2 results that beat earnings expectations.
- PriceSmart Inc. (NASDAQ: PSMT) Q3 earnings more than doubled on higher revenue and a settlement.
- QLogic Corp. (NASDAQ: QLGC) boosted its Q1 guidance, resulting in an analyst's upgrade.
- Rocky Mountain Chocolate Factory Inc. (NASDAQ: RMCF) posted Q1 results without full-year guidance.
- Ruby Tuesday Inc. (NYSE: RT) forecast full-year earnings 40% higher than Wall Street estimates.
- Wachovia Corp. (NYSE: WB) warned of a larger-than-expected Q2 loss as it introduced its new CEO.
- Wal-Mart Stores Inc. (NYSE: WMT) raised its Q2 guidance after strong same-store sales in June.
- Wolverine World Wide Inc. (NYSE: WWW) reported its 24th straight quarter of record profits.
The earnings crunch begins again next week. Among the many companies scheduled to report are Citigroup Inc. (NYSE: C), Coca-Cola Co. (NYSE: KO), Delta Air Lines Inc. (NYSE: DAL), eBay Inc. (NASDAQ: EBAY), Gannett Inc. (NYSE: GCI), Google Inc. (NASDAQ: GOOG), Harley-Davidson Inc. (NYSE: HOG), Intel Corp. (NASDAQ: INTC), Johnson & Johnson (NYSE: JNJ), JPMorgan Chase & Co. (NYSE: JPM), Mattel Inc. (NYSE: MAT), Microsoft Corp. (NASDAQ: MSFT), Safeway Inc. (NYSE: SWY), United Technologies Corp. (NYSE: UTX), and Wells Fargo & Co. (NYSE: WFC).
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