Earnings highlights: Blockbuster, Costco, H&R Block, Walgreen, Saks and others

Trey Thoelcke — Sat, 08 Mar 2008 09:10:00 EST

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

Astec Industries Inc. (NASDAQ: ASTE) beat expectations and raised its guidance.
Blockbuster Inc. (NYSE: BBI) fourth-quarter profit fails to offset the full-year loss.
China Techfaith Wireless Communication Technology (NASDAQ: CNTF) beat analysts' expectations.
Costco Wholesale Corp. (NASDAQ: COST) met analysts' estimates, buoyed by higher fuel prices.
FTI Consulting Inc. (NYSE: FCN) beat expectations and raised its full-year guidance.
H&R Block Inc. (NYSE: HRB) narrowed its loss due to higher sales and smaller subprime losses.
Jackson Hewitt Tax Service Inc. (NYSE: JTX) missed estimates as third-quarter profits declined sharply.
LifeCell Corp. (NASDAQ: LIFC) beat fourth-quarter estimates and offered full-year guidance.
Marvell Technology Group (NASDAQ: MRVL) lowered its first-quarter forecast , sending shares lower.
Porsche AG (OTC: PSEPF) profit soared on strong sales of its Cayenne.
S1 Corp. (NASDAQ: SONE) beat expectations and offered full-year guidance.
Saks Inc. (NYSE: SKS) fourth-quarter profit nearly doubled, but full-year profit declined.
Urban Outfitters Inc. (NASDAQ:URBN) beat expectations on strength in same-store sales.
Walgreen Co. (NYSE: WAG) reports strong same-store sales ahead of its quarterly results.

Also, see Timothy Sykes's take on Warren Buffett's annual letter to Berkshire Hathaway (NYSE: BRK.A) shareholders. Zac Bissonnette is interested in where earnings actually come from. And Saks, Costco, and other retailers saw stronger February same-store sales despite recession concerns, but JC Penney Co. (NYSE: JCP) didn't feel the love.