Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Barnes & Noble Inc. (NYSE: BKS) swung to a Q3 loss as same-store sales fell, and it lowered its outlook.
- Corning Inc. (NYSE: GLW) forecast lower profits due to weaker glass sales but has a strong cash position.
- Fortress Investment Group (NYSE: FIG) swung to a Q3 loss as investors requested redemptions.
- Gap Inc. (NYSE: GPS) profit beat estimates despite the decline in sales, and it reaffirmed its outlook.
- HJ Heinz Co. (NYSE: HNZ) strong Q2 results topped expectations but didn't impress the market.
- Intuit Inc. (NASDAQ: INTU) reported solid results and offered modest growth for the next quarter.
- Limited Brands Inc. (NYSE: LTD) Q3 profits and same-store sales fell and it lowered its guidance.
- Macy's Inc. (NYSE: M) fell short of Q3 expectations and said it would reduce capital expenditures in 2009.
- Medtronic Inc. (NYSE: MDT) fell short of Q2 expectations and lowered its full-year guidance.
- PepsiCo Inc. (NYSE: PEP) reaffirmed its previously announced full-year earnings guidance.
- Salesforce.com Inc. (NYSE: CRM) said Q3 earnings and revenue grew sharply, beating expectations.
- Target Corp. (NYSE: TGT) posted weak Q3 numbers and discontinued its share buyback activity.
- Walt Disney Co. (NYSE: DIS) was downgraded on the belief that consensus estimates may be too high.
Also, Douglas McIntyre ponders the consequences when U.S. analysts are more bullish than their counterparts elsewhere. Expect further revenue and earnings declines, as well as earnings guidance reductions, as economic conditions worsen, say economists.
For more earnings highlights from this week, see Dell, Home Depot, Lowe's, PetSmart, Trina Solar and others.
Upcoming earnings releases include Analog Devices (NYSE: ADI), Campbell Soup (NYSE: CPB), Hewlett-Packard (NYSE: HPQ), Bank of Montreal (NYSE: BMO), Borders Group (NYSE: BGP), D.R. Horton (NYSE: DHI), Hormel Foods (NYSE: HRL), J. Crew (NYSE: JCG), TiVo (NASDAQ: TIVO), Warner Music Group (NYSE: WMG), Deere (NYSE: DE), Tiffany (NYSE: TIF)
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