Earnings highlights: Best Buy, Discover, General Mills, Nike, Oracle, Rite Aid, Take-Two ...


Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • Adobe Systems Inc. (ADBE) shares rose after lower Q4 earnings and revenue beat analysts' expectations.
  • Best Buy Inc. (BBY) shares sold off despite better-than-expected Q3 results due to the lower gross margin.
  • Charles Schwab Corp. (SCHW) warned that Q4 earnings would come in lower than the Street view
  • Discover Financial Services (DFS) shares were up after it reported better-than-expected Q4 earnings.
  • First Solar Inc. (FSLR) offered a solid 2010 outlook but the consensus EPS estimate is high in the range.
  • General Mills Inc. (GIS) strong Q2 results included better-than-expected earnings and a rosy outlook.
  • Goldman Sachs Inc. (GS) received an analyst downgrade to earnings estimates for the next two years.
  • Hovnanian Enterprises Inc. (HOV) shares traded lower following a much wider-than-expected loss.
  • Illinois Tool Works Inc. (ITW) received an analyst's upgrade due in part to its earnings prospects
  • Nike Inc. (NKE) traded higher after it reported better-than-expected earnings for the tenth straight quarter.
  • Oracle Corp. (ORCL) beat earnings estimates and offered guidance for higher revenues, boosting shares.
  • Research in Motion Ltd. (RIMM) beat estimates on earnings and revenues, and offered guidance.
  • Rite Aid Corp. (RAD) narrowed its Q3 net loss more than expected but same-store sales slipped.
  • Starwood Hotels and Resorts Worldwide Inc. (HOT) earnings prospects earned it an analyst's upgrade.
  • Take-Two Interactive Software Inc. (TTWO) shares traded higher after it posted solid Q4 numbers.
  • Wells Fargo & Co. (WFC) received an analyst's upgrade due to its earnings prospects and TARP repayment.

See also:

Visit AOL Money & Finance for more earnings coverage.

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Last updated: February 10, 2012: 04:28 AM

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