Here are a few highlights from this past week's earnings coverage from BloggingStocks:
- CEC Entertainment Inc. (NYSE: CEC) reported a profit loss and flat revenue for the fourth quarter.
- Darden Restaurants Inc. (NYSE: DRI) raised its third-quarter and full-year earnings forecasts.
- Forward Air Corp. (NASDAQ: FWRD) beat earnings estimates and offered guidance.
- General Mills Inc. (NYSE: GIS) raised its 2008 and 2010 earnings forecasts on strong sales.
- Hewlett-Packard Co. (NASDAQ: HPQ) reported better-than-expected earnings and offered bullish guidance.
- Intuit Inc. (NASDAQ: INTU) second-quarter profits fell and it offered meager guidance.
- JC Penney Inc. (NYSE: JCP) reported a smaller-than-expected profit decline for the fourth quarter.
- Medtronic Inc. (NYSE: MDT) third-quarter profit and revenue beat analysts' expectations.
- OfficeMax Inc. (NYSE: OMX) easily beat fourth-quarter earnings expectations on lower costs.
- TJX Companies Inc. (NYSE: TJX) fourth-quarter profit beat estimates and helped raise the retail outlook.
- Whole Foods Market Inc. (NASDAQ: WFMI) earnings were dragged down by the Wild Oats acquistion.
Also, Douglas McIntyre examines how a slowdown in orders is likely to affect the earnings of Airbus and Boeing Co. (NYSE: BA), and Brian White looks at how HP might "do better" for the rest of this year.
Upcoming results to watch for include Lowes Companies Inc. (NYSE: LOW), Office Depot Inc. (NYSE: ODP), Home Depot Inc. (NYSE: HD), AutoZone Inc. (NYSE: AZO), Viacom Inc. (NYSE: VIA), and Freddie Mac (NYSE: FRE).
I've held the anti-restaurant thesis for several weeks now, and I think the two reports after the bell yesterday validated the thoughts. Commodity costs are up, labor costs are increasing (and will to continue to increase) with the rise in the minimum wage, the increase in gas prices crunches the consumer's spending power, and so on. 
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