Alcoa Inc. (AA
) said Monday it turned a first-quarter profit on stronger sales at higher prices that were offset by a weaker dollar and higher costs for energy and raw materials.
Alcoa said business improved from a range of customers, including aerospace, automotive, commercial transportation and packaging industries. It marked the fourth consecutive quarterly profit for Alcoa as it pulled out of two difficult years hit by the recession.
The Pittsburgh aluminum manufacturer also expects business to continue to improve, reaffirming its forecast of a 12 percent increase in global aluminum demand this year.
Continue reading Alcoa Kicks Off Earnings Season With Improved Sales
The new earnings season doesn't kick off until Alcoa (AA) reports its first-quarter results on April 11, but a few stragglers are still reporting their earnings for the previous quarter this week. The most prominent earnings reports on tap are Wednesday's results from Bed Bath & Beyond (BBBY) and from Monsanto (MON). Here's what analysts surveyed by Thomson Reuters expect to see.
Bed Bath & Beyond
During its fiscal fourth quarter, the nation's largest domestics retailer opened new stores and its CEO sold shares. Analysts anticipate that the New Jersey-based company will report per-share earnings of 97 cents, an increase of 11.3% from the same quarter of last year. The company also is expected to post revenue of $2.4 billion for the three months that ended in February, a 6.3% rise from a year earlier.
Continue reading Week in Preview: Bed Bath & Beyond, Monsanto and Pier 1 Earnings
Phillips-Van Heusen (PVH) reported earnings for the fourth quarter earlier this week. How does the stock look now that the latest numbers are out?
Well, from a fundamental point of view, things are looking pretty good. According to Reuters, the apparel concern made an adjusted 93 cents per share. Talk about a beat: that number was ten pennies above the consensus projection. In terms of guidance, management expects to bring in an adjusted profit between $4.70 and $4.95 per share over the next fiscal year; Wall Street was thinking that $4.75 per share was likely.
Continue reading Phillips-Van Heusen: Buy or Sell?
I'm sure shareholders of homebuilder Lennar (LEN
) are in a flummoxed mood. The company posted what appeared to be a strong earnings report, yet its stock is experiencing some pressure. At the time of this writing, it was down 3.3% to $19.09 on robust volume.
According to the Associated Press
, the company made 14 cents per share during the fiscal first quarter -- when the projection called for a loss of 5 cents per share. Great performance, right? And furthermore, this time last year at there was a Q1 loss of 4 cents per share. I mean, that has to be worth a bid, correct?
Continue reading Lennar Down After Q1 Report: Watch the Price Action
U.S. stock futures are slightly higher this morning, as investors await economic data. Futures on the Dow Jones Industrial Average
gained 12 points to 12,182, while futures on the S&P 500 index rose 1.3 points to 1,311.30. Nasdaq 100 futures climbed 6.75 points to 2,323.75.
U.S. stocks closed higher on Friday, with the Dow Jones industrial average
gaining 50 points to 12,221, the Standard & Poor's 500 Index rising 4 points to 1,314 and the Nasdaq Composite Index climbing 7 points to 2,743.
Continue reading Futures Up as Investors Await Home Sales, Personal Income Data
The calendar quarter winds down this week and quarterly reports are due from Apollo Group (APOL), CarMax (KMX), Global Payments (GPN), Krispy Kreme (KKD), Lennar (LEN) and McCormick (MKC). But analysts surveyed by Thomson Reuters have high hopes for results from fertilizer and animal feed maker Mosaic (MOS), apparel maker Phillips Van Heusen (PVH) and discount retailer Family Dollar (FDO). So here's a look at what they anticipate from these three companies.
During its fiscal second quarter, Cargill agreed to distribute its stake in Mosaic, and Mosaic also said it would redeem senior notes. Analysts anticipate that the Minnesota-based potash producer will report per-share earnings of $1.07, a jump of 53.3% from the same quarter of last year. Mosaic also is expected to post revenue of $2.4 billion for the three months that ended in February. That's a 35.9% rise from a year earlier.
Continue reading Week in Preview: Mosaic, Family Dollar Earnings and March Unemployment Rate
The fast moving world of investing can turn on a dime, especially if you own technology stocks. Research In Motion (RIMM) was a smartphone darling. But then came the iPhone and now the iPad. Then we have Google's (GOOG) Android following on Apple's (AAPL) heels.
RIM suddenly woke up a found that it had fallen off its perch. Now the company is scrambling to do catch up. BlackBerry is losing North American market share and the company expects to ship only 13.5 to 14.5 million Blackberry's this quarter, down from 14.9 million last quarter, according to Reuters.
Continue reading Would You Buy RIM on the Dip?
Over the past few years, cloud computing has become a hot topic. A variety of companies -- like NetSuite (N) -- have built applications that are based on Internet technologies. The result is improved productivity and lower costs.
Yet, in order to continue to propel the cloud-computing revolution, there needs to be a strong technology foundation, such as with servers, operating systems and application development tools. And one of the top players in the market is Red Hat (RHT).
Continue reading Red Hat Is Red Hot
Accenture (ACN - option chain) shares are rising after the company reported Q2 2011 earnings Thursday night, posting a profit of $503.1 million, or 75 cents per share, on revenue of $6.49 billion. Analysts had forecast a profit of 71 cents per share on revenue of $5.73 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ACN.
ACN opened Friday morning at $56.47. In morning trading, the stock hit a low of $54.40 and a new 52-week high of $56.78. As of 12:25, ACN was trading at $54.91 up 2.95 (5.7%). The chart for ACN looks bullish and S&P gives ACN a positive 4 STARS (out of 5) buy ranking.
Continue reading Accenture's Q2 Earnings Beat Estimates
Dollar General (DG
) reported earnings for the fourth quarter earlier in the week. The company, whose colleagues include Dollar Tree (DLTR
) and Family Dollar Stores (FDO
), saw excellent growth in its bottom line. How should we view the stock?
According to the corporate press release
, adjusted profit increased 27% to 65 cents per share. The Associated Press
says that expectations were set at 59 cents per share. Furthermore, same-store sales
appear healthy: They expanded by 3.8%.
Continue reading Dollar General: Buy on the Dips?
ConAgra Foods (CAG) was trading higher at the time of this writing in reaction to an earnings report. Shares were up 1.8% to $23.35. Volume was active.
The stock has been in a very narrow range. The 52-week low is $21.02 while the 52-week high is $26.22. The one-year chart reflects the inability of the stock to break out to new levels. What should investors think about the company at this point now that some new numbers are out?
Continue reading ConAgra Issues Q3 Numbers
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