Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Alcoa Inc. (NYSE: AA) kicked off the new season with a larger-than-expected loss due to the economic slump.
- Allscripts-Misys Healthcare Solutions (NASDAQ: MDRX) reported better-than-expected Q2 earnings.
- Apollo Group Inc. (NASDAQ: APOL) share price soared after its strong Q1 earnings and guidance.
- Apple Inc. (NASDAQ: AAPL) earnings prospects without CEO Steve Jobs led to an analyst's downgrade.
- Autodesk Inc. (NASDAQ: ADSK) lowered its guidance as business slows at an unprcedented rate.
- Bank of America Corp. (NYSE: BAC) reported terrible Q4 results and receivbed additional TARP money.
- Bunge Ltd. (NYSE: BG) lowered its 2008 earnings estimate due to soft soybean commodity markets.
- Citigroup Inc. (NYSE: C) posted a much bigger-than-expected loss and said it would split in two.
- Coventry Health Care Inc. (NYSE: CVH) offered full-year guidance that was less than analysts expectations.
- CSX Corp. (NYSE: CSX) forecast Q4 earnings would come in below analysts' expectations.
- CVS Caremark Corp. (NYSE: CVS) increased its quarterly dividend despite the recent lowered guidance.
- Deutsche Bank (NYSE: DB) reported a net loss for Q4 and the full year, dragging down the sector.
- Genentech Inc. (NASDAQ: DNA) revenue and earnings surged but were lower than analysts estimated.
- Intel Corp. (NASDAQ: INTC) Q4 results were in line with low expectations as the gross margin declined.
- JPMorgan Chase & Co. (NYSE: JPM) reported a huge drop in Q4 earnings but it stayed in the black.
- Lexmark International Inc. (NYSE: LXK) slashed its Q4 outlook and announced job cuts.
- Pentair Inc. (NYSE: PNR) efforts to limit an earnings decline led to a buy recommendation.
- Precision Cast Corp. (NYSE: PCP) earnings prospects following the recent rally led to an analyst's downgrade.
- Sohu.com Inc. (NASDAQ: SOHU) earnings prospects due to strength in online games led to an upgrade.
- Sony Corp. (NYSE: SNE) warned of its first annual operating loss in 14 years as sales fizzled.
- Tiffany & Co. (NYSE: TIF) lowered its fulll-year earnings forecast after the holiday sales slump.
Also, Jim Cramer sees "crummy earnings and lowered estimates" ending last week's rally. Economists see sixth straight quarterly earnings decline. Jonathan Berr suggests that analysts' earnings estimates are meaningless.
Upcoming earnings releases include IBM (NYSE: IBM), Johnson & Johnson (NYSE: JNJ), Abbott Labs (NYSE: ABT), Apple (NASDAQ: AAPL), Burlington Northern (NYSE: BNI), Coach (NYSE: COH), US Bancorp (NYSE: USB), UAL Corp. (NASDAQ: UAUA), Advanced Micro Devices (NYSE: AMD), Capital One (NYSE: COF), Google (NASDAQ: GOOG), eBay (NASDAQ: EBAY), Lockheed Martin (NYSE: LMT), Microsoft (NASDAQ: MSFT), Nokia (NYSE: NOK), Southwest Airlines (NYSE: LUV), General Electric (NYSE: GE), Harley-Davidson (NYSE: HOG), Schlumberger (NYSE: SLB), Xerox (NYSE: XRX).
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