FeedPosted Feb 9th 2010 8:30AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Wal-Mart (WMT), Walgreen Co (WAG), CVS Corp (CVS), Rite Aid Corp (RAD)
CVS Caremark (CVS), which competes with Walgreen (WAG), Rite Aid (RAD), and Wal-Mart (WMT), posted fourth-quarter data on Monday. Sales increased 7%, and adjusted earnings per share from continuing operations (excluding, in addition, a penny per share relating to a tax benefit) came in at 78 cents -- good for a growth rate of over 11%. That bottom-line performance matched analyst projections, according to our earnings preview.
As we all know, matching expectations is sometimes the death of a stock. The market has no conscience when it comes to mercilessly punishing an equity for not going beyond the call of the analysts. However, CVS actually did pretty well yesterday, rising 5% by the end of the session; the move was backed by healthy volume.
Continue reading CVS Caremark: Long-Term Bet After Q4?
Posted Dec 19th 2009 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Adobe Systems (ADBE), Best Buy (BBY), Charles Schwab Corp (SCHW), Research in Motion (RIMM), Goldman Sachs Group (GS), General Mills (GIS), NIKE, Inc'B' (NKE), Oracle Corp (ORCL), Starwood Hotels Worldwide (HOT), Wells Fargo (WFC), Rite Aid Corp (RAD)
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.
Continue reading Earnings highlights: Best Buy, Discover, General Mills, Nike, Oracle, Rite Aid, Take-Two ...
Posted Sep 26th 2009 1:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Automatic Data Proc (ADP), AutoZone Inc (AZO), Bed Bath and Beyond (BBBY), Carnival Corp (CCL), ConAgra Foods (CAG), Costco Wholesale (COST), Research in Motion (RIMM), General Mills (GIS), Lowe's Cos (LOW), Lennar Corp'A' (LEN), Red Hat Inc (RHT), Activision Inc (ATVI), United Technologies (UTX), Rite Aid Corp (RAD), Potash Corp. of Saskatchewan (POT)
Continue reading Earnings highlights: AutoZone, Carnival, CarMax, ConAgra, General Mills, RIM ...
Posted Jul 1st 2009 4:05PM by Jon Ogg (RSS feed)
Filed under: Amer Intl Group (AIG), Rite Aid Corp (RAD)

Stocks opened up on the day and stayed up on the day, despite closing well off of the highs. We had three key economic reports hit at once as the Institute for Supply Management gave the June ISM Manufacturing data, while we saw pending home sales data and new construction spending data mixed for May. These actually
ended up being contradictory numbers, and then the
oil inventories did nothing to support higher oil prices.
Here were today's unofficial closing bell levels:
Dow 8,504.06 +57.06 (0.68%)
S&P 500 923.33 +4.01 (0.44%)
Nasdaq 1,845.72 +10.68 (0.58%)
Top Analyst Upgrades & DowngradesContinue reading Closing Bell: Kicking off Q3 with a win (AIG, BIIB, LDK, PIR, RAD)
Posted Jun 27th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Walgreen Co (WAG), Bed Bath and Beyond (BBBY), Kroger Co (KR), ConAgra Foods (CAG), Darden Restaurants (DRI), NIKE, Inc'B' (NKE), KB HOME (KBH), Lennar Corp'A' (LEN), Oracle Corp (ORCL), Red Hat Inc (RHT), CKE Restaurants (CKR), Rite Aid Corp (RAD), Potash Corp. of Saskatchewan (POT)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Nike, Oracle, Kroger, Walgreen, Monsanto, KB Home ...
Posted Jun 25th 2009 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Wal-Mart (WMT), Walgreen Co (WAG), CVS Corp (CVS), Rite Aid Corp (RAD)
Rite Aid (NYSE: RAD), which competes with Walgreen (NYSE: WAG), CVS Caremark (NYSE: CVS), and Wal-Mart (NYSE: WMT), saw a big increase in volume on Wednesday after it reported earnings for the first quarter. In fact, as Douglas McIntyre observed, shares of Rite Aid were up 5% at one point during yesterday's session. However, the shares ended up losing their green status by the close of trading. Rite Aid actually lost 3% when all was said and done. What does it all mean?
Well, Rite Aid did beat analyst forecasts by a wide margin. The call was for a loss of 13 cents per share. Rite Aid lost only 6 cents per share once adjustments are made. Revenues dipped a little over 1%, and same-store sales, after excluding the effect of the Brooks Eckerd acquisition, increased 1.5%. Interestingly, the mix of this increase is as follows: the pharmacy sales went up 3.1% on a comparable basis, and the non-pharmacy sales went down 1.4% on the same basis.
Continue reading Rite Aid beats analysts, but not right for me yet
Posted Jun 20th 2009 2:10PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Forecasts, Walgreen Co (WAG), CVS Corp (CVS), Rite Aid Corp (RAD)
Walgreen (NYSE: WAG), a drugstore business that competes with CVS Caremark (NYSE: CVS) and Rite-Aid (NYSE: RAD), will be issuing results for the third quarter on Monday, June 22. According to Earnings.com, the analyst community is prescribing $0.56 per share for the company.
Of course, the question is: will Walgreen honor that prescription and fill it? I'd say it's quite possible. Last time around, Walgreen beat estimates. The call was for $0.66 per share in Q2. If you look at the press release from that time, you'll see that, once you adjust for some items, Walgreen went beyond expectations.
Continue reading Walgreen to report Q3 numbers: What should we look for?
Posted Apr 2nd 2009 3:10PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Rite Aid Corp (RAD)
Rite Aid (NYSE: RAD), whose competitors include Walgreen (NYSE: WAG), CVS Caremark (NYSE: CVS), and Wal-Mart (NYSE: WMT), reported Q4 numbers today, and when you read through the release, you sort of come away with a decent feeling. You hear about improvements in this metric and that metric. You wonder if a turnaround might be in the offing. Then you look at the stock price and, even though it is currently being bid higher (it's up over 14% as I write), you come back down to earth and reality hits you in the face. Anything trading under a buck has to give you pause. Rite Aid is no different.
For the quarter, Rite Aid posted a 1.7% decrease in the top line. On an adjusted basis, the drugstore chain reported a loss of $0.14 per share. According to this source, Wall Street thought Rite Aid might lose $0.105 per share. The company is still adjusting to the Brooks Eckerd acquisition. Excluding that effect, same-store sales increased 0.8%. Including the asset, comps decreased 0.1%.
Continue reading Rite Aid up on Q4 report -- can you buy it now?
Posted Jan 15th 2009 11:10AM by Steven Mallas (RSS feed)
Filed under: Wal-Mart (WMT), Walgreen Co (WAG), CVS Corp (CVS), Rite Aid Corp (RAD)
Walgreen (NYSE:
WAG ) knows that people want all kinds of options to meet their healthcare needs. Walgreen also knows that it needs to grow and keep up with competitor
CVS Caremark (NYSE:
CVS) and the pharmacy department at
Wal-Mart (NYSE:
WMT). And, yes, I suppose
Rite-Aid (NYSE:
RAD) is technically a competitor, too, although you wouldn't know it by that drugstore chain's stock price. Well, according to
The Wall Street Journal, Walgreen plans to promote an initiative called "Complete Care and Well-Being" to employers. The goal here is to give corporate, as well as government, employees and their families access to healthcare services such as preventive medicine and dental examinations in off-hour time periods. Walgreen will use a network of in-store clinics and health centers to provide these services. That's pretty cool, right? Well, one of the bigger benefits to Walgreen is the synergy it can promote by leveraging this program.
Continue reading Walgreen looking for growth with wellness network
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