Here are some highlights from this past week's earnings coverage from BloggingStocks:
- Adobe Systems Inc. (NASDAQ: ADBE) reported better-than-expected Q1 results due to cost cutting.
- Best Buy Inc. (NYSE: BBY) received several upgrades ahead of its Q4 report on the demise of Circuit City.
- Blockbuster Inc. (NYSE: BBI) crushed analyst's expectations for Q4 as same-store sales rose.
- China Direct Industries Inc. (NASDAQ: CDII) Q4 earnings prospects resulted in an analyst's dowgrade.
- Darden Restaurants Inc. (NYSE: DRI) posted better-than-expected Q3 earnings and lifted its 2009 guidance.
- Energy Conversion Devices Inc. (NASDAQ: ENER) was downgraded after it lowered its guidance.
- FedEx Corp. (NYSE: FDX) fell short of Q3 earnings and revenue expectations due to economic conditions.
- Force Protection Inc. (NASDAQ: FRPT) shares fell despite posting a better-than-expected Q4 earnings.
- General Mills Inc. (NYSE: GIS) missed Q3 expectations, sending shares to a 52-week low.
- MGM Mirage (NYSE: MGM) was downgraded after posting a loss and receiving a going concern notice.
- Nike Inc. (NYSE: NKE) topped Q3 earnings expectations but sales numbers were weak.
- Oracle Corp. (NASDAQ: ORCL) topped Q3 profit estimates and announced its a quarterly dividend.
- Palm Inc. (NASDAQ: PALM) Q3 loss widened due to stiff competition but the forthcoming Pre may help Q4.
- Xerox Corp. (NYSE: XRX) shares declined after it warned about much lower earnings.
Also, Zac Bissonnette looks at how executives sacrifice long-term business objectives to pursue quarterly earnings expectations and boost their stock prices.
See also from Daily Finance:
- GE opens its kimono and gets kicked where the sun don't shine
- As Chinese internet company falters, concerns about online growth emerge
- Smith & Wesson, Ruger shares explode
Upcoming earnings releases include Tiffany (NYSE: TIF), Walgreen (NYSE: WAG), Carnival (NYSE: CCL), Jabil Circuit (NYSE: JBL), McCormick (NYSE: MKC), Talbots (NYSE: TLB), Williams-Sonoma (NYSE: WSM), CKE Restaurants (NYSE: CKR), Red Hat (NYSE: RHT), Best Buy (NYSE: BBY), ConAgra Foods (NYSE: CAG), Dr. Pepper Snapple (NYSE: DPS), GameStop (NYSE: GME).
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
