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Heinz earnings preview: Lower Q2 profit expected

H.J. Heinz Co. (HNZ), one of the world's largest food companies, is scheduled to discuss its fiscal second-quarter 2010 financial results in a conference call Tuesday, November 24, at 8:30 AM ET, hosted by CEO William R. Johnson. You can see the accompanying slides on the company's website.

During the three months that ended in October, Heinz partnered with the World Food Program and also declared a quarterly dividend. Analysts surveyed by Thomson Reuters expect the Pittsburgh-based company to report that earnings for the period fell 19.5% from a year ago to $0.70 per share. But revenue for the quarter is expected to total $2.6 billion, about the same as last year.

Continue reading Heinz earnings preview: Lower Q2 profit expected

Medtronic earnings preview: Strong Q2 predicted

Medtronic Inc. (MDT), a leading maker of implantable biomedical devices, is scheduled to release its fiscal second-quarter financial results Tuesday, November 24, before the market open, and then to discuss those results in a webcast at 8:00 AM ET. You can catch the live webcast at the company's website.

During the three months that ended in October, Medtronic was once again named to the Dow Jones Sustainability Index, settled a patent lawsuit, and announced management changes. Analysts surveyed by Thomson Reuters expect this Minneapolis-based company to report that earnings for the period rose 9.5% from a year ago to $0.74 per share. And revenue for the quarter is expected to be 5.0% higher to $3.8 billion.

Continue reading Medtronic earnings preview: Strong Q2 predicted

Campbell Soup earnings preview: Was the dividend boost a good sign?

Campbell Soup Co. (CPB), which recently raised its quarterly dividend by 10%, is scheduled to discuss its fiscal first-quarter 2010 financial results in a conference call Monday, November 23, at 10:00 AM ET. You can catch the live webcast of the call on the company's website.

During the three months that ended in October, Campbell revamped its Chunky line of soups, was named to the Dow Jones Sustainability Indexes, and debuted its first Times Square billboard. Analysts surveyed by Thomson Reuters expect the world's biggest soup maker to report that earnings for that period rose 4.9% from a year ago to $0.81 per share. And revenue for the quarter is expected to be 1.5% higher to $2.3 billion.

Continue reading Campbell Soup earnings preview: Was the dividend boost a good sign?

The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.

Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the same period of last year. But revenue is expected to total $6.9 billion, or 4.3% less than a year ago. The full-year forecast is for a profit of $0.25 per share (-16.7) on $26.4 billion (-3.9%) in sales. This dividend payer has offered upside surprises in the past two quarters, topping estimates by 11 cents per share in the third quarter.

Continue reading The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Earnings highlights: Ann Taylor, GameStop, Home Depot, Sears, TJX ...

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

  • Ann Taylor Stores Corp. (ANN) declining same-store sales offset better-than-expected Q3 earnings.
  • Canadian Solar Inc. (CSIQ) reached a new 52-week high after Q3 results handily exceeded expectations.
  • Dillard's Inc. (DDS) said that it swung to a Q3 profit due to cost cutting as revenue declined year over year.
  • GameStop Corp. (GME) reported uninspiring Q3 numbers that included a slump in same-store sales.
  • Home Depot Inc. (HD) lower Q3 earnings and revenue beat analysts' estimates, but shares still declined.

Continue reading Earnings highlights: Ann Taylor, GameStop, Home Depot, Sears, TJX ...

Earnings highlights: Dell, Foot Locker, Gap, Lowe's, Saks, Target ...

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

  • ADC Telecommunications Inc. (ADCT) posted a surprise net loss for Q4 and predicted a loss in Q1.
  • BJ's Wholesale Club Inc. (BJ) shares fell after Q3 earnings met expectations and offered guidance for FY.
  • Dell Inc. (DELL) posted lower-than-expected Q3 earnings, prompting a sell-off of shares.
  • Foot Locker Inc. (FL) said Q3 earnings slumped more than analysts' forecast, sending shares lower.
  • Gap Inc. (GPS) reported growth of EPS and revenue in Q3 and announced a share buyback program.

Continue reading Earnings highlights: Dell, Foot Locker, Gap, Lowe's, Saks, Target ...

ADC Telecom (ADCT) drops sharply on Q4 loss, Q1 forecast

http://investor.adc.com/ADC Telecommunications (ADCT - option chain) stock is trading lower today after the company posted a fourth-quarter loss last night of $19.8 million, or 20 cents per share, on revenue of $183.9 million. ADCT also forecast a first-quarter adjusted loss of 10 to 0 cents per share on revenue of $250 million to $275 million. Analysts are forecasting a profit of 11 cents per share on revenue of $274 million. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on ADCT.

This morning, ADCT opened at $5.46. So far today the stock has hit a high of $5.93 and a low of $5.35. As of 12:05, ADCT is trading at $5.71, down 93 cents (-14.0%). The chart for ADCT looks bullish and S&P gives ADCT a positive 5 STARS (out of 5) strong buy ranking.

Continue reading ADC Telecom (ADCT) drops sharply on Q4 loss, Q1 forecast

Traders unimpressed with Gap's 25% profit jump

Thursday, The Gap Inc. (GPS) reported that its third-quarter net profit totaled $307 million, or 44 cents per share, up 25% from the year-ago period. Revenue for the quarter added 1% to $3.59 billion, while gross margin surged 380 basis points to 42.5%. Operating margin escalated from 11.1% to 13.9%, marking its highest level in 10 years.

The retail issue also announced a new stock buyback plan worth $500 million. About $20 million of that amount will be repurchased from the family of founder Donald Fisher, who passed away in September.

Continue reading Traders unimpressed with Gap's 25% profit jump

Dell sells off hard after hours, following weak third quarter earnings

dell third quarter earnings reportAfter-hours traders punished Dell (DELL) stock Thursday, following a weak third quarter earnings report from the technology giant.

Going into the afternoon earnings release, analysts had been expecting to see the company show earnings of 28 cents per share. Actual earnings came in much lower at 23 cents per share.

Continue reading Dell sells off hard after hours, following weak third quarter earnings

NetApp reports healthy quarterly earnings on strong equipment sales

On Wednesday afternoon, NetApp (NTAP) announced that its second-quarter profit came in more than twice that from the same period a year ago. The company raked in 27 cents per share during the quarter, compared to 13 cents per share a year ago. Excluding items, the tech firm would have pulled in 37 cents per share. Expectations called for earnings of 30 cents per share on revenue of $881.6 million. Actual revenue came in at $910 million, handily topping the consensus estimate.

NTAP's CFO, Steve Gomo, attributed the far better-than-expected earnings to improved sales of the company's main storage-area-networking. This product helps businesses build their data storage operations.

Continue reading NetApp reports healthy quarterly earnings on strong equipment sales

Salesforce.com ignores the recession with record Q3

In tech circles, you will hear lots about "cloud computing." Essentially, this means that software applications are operated through Internet connections -- and processed in huge data centers. Often, the results include lower costs and easier maintenance.

Of course, the dominant player in cloud computing is Salesforce.com (CRM). And based on its latest quarterly report, the company continues to grow and innovate.

Continue reading Salesforce.com ignores the recession with record Q3

Dillard's, Saks swing to Q3 profits; TJX earnings soar

Tuesday, TJX Companies Inc. (TJX) reported that its profit soared in the third quarter, and fellow retailers Dillard's Inc. (DDS) and Saks Inc. (SKS) said they swung to year-over-year profits in the same period.

TJX posted earnings of $347.8 million, or 81 cents per share, compared with $235.8 million, or 54 cents, in the year-ago period. Analysts had expected TJX to earn 80 cents a share. Sales rose 10% to $5.24 billion, while same-store sales increased 7%.

Continue reading Dillard's, Saks swing to Q3 profits; TJX earnings soar

Target tops Q3 expectations, introduces 'low-price promise'

U.S. mega-retailer Target (TGT) stepped into the earnings spotlight Tuesday morning, and the company had a nice surprise for investors.

The firm reported third-quarter earnings of 58 cents per share, topping both the consensus estimate (50 cents per share) and last year's results (49 cents per share). Quarterly sales totaled $14.8 billion, matching the consensus estimate. For those who do not remember, analysts upped their estimates for Target after the company announced that it would beat its estimate of 43 cents per share.

Continue reading Target tops Q3 expectations, introduces 'low-price promise'

ReneSola turns in a third-quarter loss

Perhaps a bit of the shine is wearing off of solar stocks. Solar panel company ReneSola (SOL) turned in a third-quarter loss of $10.2 million, or seven cents per share, compared to earnings of 23 cents per share ($32.4 million) a year ago. Quarterly revenue fell to $141 million from $216 million a year ago. Expectations called for a loss of eight cents per share on revenue of $135.5 million.

The company stated, "We witnessed a strong rebound in customer demand for our quality products in the third quarter of 2009 and reached a corporate landmark as ReneSola achieved the highest quarterly shipments of solar products in its history." I'm not buying it. SOL saw earnings and revenue walk off a cliff when compared to a year ago ... so let's make sure that we talk about great customer demand. Of course, customer demand wasn't good enough to help you swing to a third-quarter profit.

Continue reading ReneSola turns in a third-quarter loss

Earnings highlights: Abercrombie, Blockbuster, Disney, Macy's, Walmart ...

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

  • Abercrombie & Fitch Co. (ANF) lower Q3 results still topped expectations and sent shares higher.
  • Applied Materials Inc. (AMAT) posted much better-than-expected Q4 earnings, the first profit in a year.
  • AstraZeneca (AZN) received an analyst's downgrade due to concerns over its earnings prospects.
  • Blackstone Group (BX) received an analyst's upgrade following the company's Q3 results.
  • Blockbuster Inc. (BBI) widened its net loss in Q3 and revenue and same-stores sales declined.
  • Clean Energy Fuels Corp. (CLNE) shares declined after its Q3 numbers fell short of expectations.
  • Consolidated Water Co. Inc. (CWCO) earnings prospects for 2010 earned it an analyst upgrade.

Continue reading Earnings highlights: Abercrombie, Blockbuster, Disney, Macy's, Walmart ...

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DJIA+132.7910,450.95
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S&P 500+14.861,106.24

Last updated: November 24, 2009: 05:16 AM

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