Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Accenture Ltd. (NYSE: ACN) reported strong Q1 numbers as its clients sought ways to cut costs.
- Best Buy Inc. (NYSE: BBY) may interest short sellers despite its earnings prospects for 2009.
- International Paper Co. (NYSE: IP) to shed dead wood to reduce the impact of the recession on earnings.
- Manpower Inc. (NYSE: MAN) withdrew Q4 profit and revenue guidance, sending shares lower.
- Textron Inc. (NYSE: TXT) lowered its Q4 earnings forecast to well below analysts' estimates.
- Toyota Motor Corp. (NYSE: TM) forecast its first-ever loss for the fiscal year on lower demand/higher yen.
- Walgreen Co. (NYSE: WAG) missed Q1 expectations and announced cost cutting and store redesign.
Also, bank earnings will be hit next by cancelled M&A deals.
Earnings releases scheduled for early January include Navistar (NYSE: NAV), Bed Bath & Beyond (NASDAQ: BBBY), Constellation Brands (NYSE: STZ), Family Dollar (NYSE: FDO), and Monsanto (NYSE: MON).
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