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Earnings highlights: Amazon, McDonald's, Mattel, Pfizer, AT&T, Sony and others

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

For more earnings highlights from this week, see Apple, Boeing, Microsoft, Yahoo!, UPS, American Express and others.

Watch for upcoming quarterly reports from Verizon (NYSE: VZ), Estée Lauder (NYSE: EL) , US Steel (NYSE: X), Aetna (NYSE: AET), Procter & Gamble (NYSE: PG), Qwest (NYSE:Q), Comcast (NASDAQ: CMCSA), Kellogg (NYSE: K), Kraft Foods (NYSE: KFT), MetLife (NYSE: MET), Moody's (NYSE: MCO), Office Depot (NYSE: ODP), Avon (NYSE: AVP), CBS (NYSE: CBS), CVS Caremark (NYSE: CVS), Sun Microsystems (NASDAQ: JAVA), Eastman Kodak (NYSE: EK), Motorola (NYSE: MOT), Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX), Washington Post (NYSE: WPO).

Visit AOL Money & Finance for more earnings coverage.

Dice Holdings (DHX) is still rolling

Dice Holdings Inc. (NYSE: DHX) operates a variety of sites -- focused on professionals -- such as eFinancialCareers, ClearanceJobs, and JobsintheMoney.com. With the meltdown on Wall Street, the company is definitely feeling the pain.

Despite all this, the company continues to find ways to deal with the environment.

In Q3, Dice saw a 4% increase in revenues to $39.6 million and net income of $6.4 million. In fact, the company has impressive operating cash flow, which increased 22% to $13.1 million. It's certainly been a big help in paring down the debt load.

The key driver of Dice is eFinancialCareers, which is making headway in international markets such as in the Asia Pacific region and the Middle East. However, there are signs that the financial crisis is spreading around the globe -- crimping growth. In other words, it's a good bet that Dice will see a reduction in new accounts and existing customers (with more problems with smaller recruiters).

But, the good news is that Dice has a highly scalable model; that is, lots of the costs are variable. This makes it easier to remain cash flow positive. And, with the cash, the company is poised to strike some acquisitions at much better valuations nowadays.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Streetsmart Guide to Short Selling: Techniques the Pros Use to Profit in Any Market. He is also the founder of BizEquity, a valuation website.

Analyst initiations: NVS, WSII, AMCN and PAET

MOST NOTEWORTHY: Novartis, Waste Systems, AirMedia Group, and PAETEC Holding were today's noteworthy initiations:
  • Novartis (NYSE: NVS) was initated with a Neutral at Cowen, which cited the company's upcoming patent expirations.
  • Gabelli initiated Waste Systems (NASDAQ: WSII) with a Buy, as it believes consolidated operations in Florida, increased waste internalization, and continued price increases, should lead to expanding EBIT margins.
  • Oppenheimer initiated AirMedia Group (NASDAQ: AMCN) with an Outperform, as it believes that the Beijing Olympics will help the company acheive better than expected earnings.
  • Deutsche Bank initiated PAETEC Holding (NASDAQ: PAET) with a Buy, as the firm believes PATEC is well-positioned to benefit from improving industry conditions.
OTHER INITIATIONS:
  • Wachovia started Seaspan (NYSE: SSW) with a Market Perform.
  • Needham initiated Memsic (NASDAQ: MEMS) with a Buy.
  • Oppenheimer started Intellon (NASDAQ: ITLN) with an Outperform.
  • Morgan Stanley initiated Dice Holdings (NYSE: DHX) with an Equal Weight.

Analyst initiations 9-5-07: LULU, DPZ, KNXA, OMTR and NWS

MOST NOTEWORTHY: Lululemon, Domino's Pizza, Kenexa, Omniture and News Corp were today's noteworthy initiations:
  • Lululemon (NASDAQ: LULU) was initiated with a Neutral rating at Merrill Lynch. CIBC believes the company is well-positioned to replace its Canadian success in the U.S. market and started shares with a Sector Outperformer rating and $39 target. The stock was started at Wachovia with a Market Perform rating on valuation.
  • Citigroup finds Domino's Pizza (NYSE: DPZ) compelling for long-term investors given the company's solid cash flows, above-average margins, and international growth opportunity. The firm initiated shares with a Buy rating and $22 target.
  • RBC Capital started shares of Kenexa Corporation (NASDAQ: KNXA) with a Sector Perform rating and $32 target, citing lack of visibility into the company's product roadmap.
  • RBC initiated shares of Omniture Inc (NASDAQ: OMTR) with an Outperform rating and $33 target. The firm believes Omniture is well-positioned given cross selling opportunities, best in class products, strong secular trends, and expanding client roster.
  • News Corporation (NYSE: NWS) was initiated with a Buy rating and added to Stifel's Select List. The firm believes the FOX TV Network, stations and FOX News can garner an incremental recurring 100% margin retransmission and affiliate fees totaling $1B by 2010, adding that its sum-of-the-parts model for News Corp captures the value of $8B of "hidden" assets, yielding a fair market value of $30-$31.
OTHER INTIATIONS:
  • CRT Capital initiated shares of Navistar (NASDAQ: NAVZ) with a Buy rating and $75 target.
  • JP Morgan started shares of Dice Holdings (NYSE: DHX) with an Overweight rating.
  • Think Equity started shares of Whole Foods Market Inc (NASDAQ: WFMI) with an Accumulate rating and $51 target.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 01:10 AM

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