Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Altria Group Inc. (NYSE: MO) Q4 profit rose on higher prices, and its forecast matched expectations.
- Amgen Inc. (NASDAQ: AMGN) Q4 earnings grew on cost cutting but revenue remained flat.
- Black & Decker Corp. (NYSE: BDK) shares tanked after the dismal Q4 report, and it announced job cuts.
- Carpenter Technology Corp. (NYSE: CRS) Q2 numbers resulted in a downgrade from one analyst.
- ConocoPhillips (NYSE: COP) reported a Q4 loss due to writedowns from recent acquisitions.
- DuPont (NYSE: DD) swung to a bigger-than-expected Q4 loss and its revenue fell as well.
- Eli Lilly & Co. (NYSE: LLY) swung to a Q4 loss on acquisition costs but reaffirmed its guidance.
- Ford Motor Co. (NYSE: F) still has no plans to seek federal aid despite a bigger-than-estimated Q4 loss.
- Halliburton Co. (NYSE: HAL) Q4 earnings were dragged down by a potential settlement with the DOJ.
- Honeywell International Inc. (NYSE: HON) Q4 earnings rose slightly on cost cutting but revenue declined.
- Netflix Inc. (NASDAQ: NFLX) topped Q4 expectations and added 718,000 subscribers in the quarter.
- Procter & Gamble Co. (NYSE: PG) Q2 earnings surged on the sale of Folgers but revenue declined.
- Starbucks Corp. (NASDAQ: SBUX) fell short of estimates and announced store closings and job cuts.
- 3M Co. (NYSE: MMM) Q4 profit was hurt by lower sales but beat estimates and the guidance was cut.
- Verizon Communications Inc. (NYSE: VZ) Q4 profit fell slightly and just missed analysts expectations.
- Wells Fargo & Co. (NYSE: WFC) reported a major Q4 loss largely due to its acquisition of Wachovia.
For more highlights from this week, see Yahoo!, McDonald's, American Express, Pfizer, Delta and others and Amazon, Boeing, Caterpillar, Hershey, AT&T and others.
Also, Jim Cramer wonders at analysts' misguided takes on DuPont and Caterpillar (NYSE: CAT). Douglas McIntyre advises to expect dividend cuts as firms report earnings for the recent and current quarters, and he points out that short sellers are betting that lower sales will hurt earnings of Microsoft Corp. (NASDAQ: MSFT) and Dell Inc. (NASDAQ: DELL). Sam Collins suggests that "unemployment is a trailing indicator telling us that within three to six months earnings will probably turn higher."
Upcoming earnings releases include Humana (NYSE: HUM), Mattel (NYSE: MAT), Archer Daniels Midland (NYSE: ADM), Avon (NYSE: AVP), Merck (NYSE: MRK), Dow Chemical (NYSE: DOW), United Parcel Service (NYSE: UPS), Disney (NYSE: DIS), Yum Brands (NYSE: YUM), Kraft Foods (NYSE: KFT), Ralph Lauren (NYSE: RL), Cisco (NASDAQ: CSCO), Sunoco (NYSE: SUN), Time Warner (NYSE: TWX), Kellogg (NYSE: K), MasterCard (NYSE: MA) News Corp, (NYSE: NWS).
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