Here are a few highlights from this past week's earnings coverage from BloggingStocks:
- Axsys Technologies Inc. (NASDAQ: AXYS) beat estimates for the fourth quarter and raised its guidance.
- Deli Inc. (NASDAQ: DELL) missed expectations for the fourth quarter despite its move into retail outlets.
- Goldman Sachs Group Inc. (NYSE: GS) is lowering expectations for the quarter just ended.
- Home Depot Inc. (NYSE: HD) missed expectations, dragged down by the housing slump.
- Lowe's Cos. Inc. (NYSE: LOW) beat low expectations though profit fell due to the housing slump.
- Nordstrom Inc. (NYSE: JWN) beat estimates, though earnings and revenue fell.
- Office Depot Inc. (NYSE: ODP) fourth-quarter profits sank, falling short of Wall Street expectations.
- RadioShack Corp. (NYSE: RSH) beat expectations as lower operating costs offset lower same-store sales.
- Sears Holdings Corp. (NASDAQ: SHLD) missed estimates as both earnings and revenue fell.
- Sprint Nextel Corp. (NYSE: S) posted a fourth-quarter loss on acquistions-related write-downs.
- Toll Brothers Inc. (NYSE: TOL) swung to a $96 million loss, another victim of the housing slump.
Also, analysts predict that bank losses will be the highest in 20 years. See Jim Cramer's take on Lowe's and Nordstrom results. Timothy Sykes recommends investors not become starstruck by superstar companies such as Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG).
Upcoming results to watch for include Staples Inc. (NASDAQ: SPLS), Costco Wholesale (NASDAQ: COST), and Blockbuster Inc. (NYSE: BBI).
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