Shares of software giant Oracle Corp. (ORCL) traded higher after the market closed Thursday as the company reported fiscal third-quarter earnings above analyst estimates.

Going into this afternoon's earnings report, analysts had been expecting to see Oracle report earnings of 50 cents per share. Excluding one time items, Oracle stated that its quarterly earnings were 54 cents.

Continue reading Better-Than-Expected Earnings Report Cheers Oracle Investors

Better-Than-Expected Earnings Report Cheers Oracle Investors originally appeared on BloggingStocks on Fri, 25 Mar 2011 09:30:00 EST. Please see our terms for use of feeds.

Shares of retail giant Best Buy (BBY) traded higher Thursday morning after the company posted better-than-expected earnings for its fourth quarter.

Going into the earnings report, analysts had been expecting to see Best Buy report earnings of $1.84 per share for the quarter. Best Buy topped estimates by posting earnings of $1.98 per share.

Continue reading Best Buy Tops Earnings Estimates but Revenues Disappoint

Best Buy Tops Earnings Estimates but Revenues Disappoint originally appeared on BloggingStocks on Thu, 24 Mar 2011 10:50:00 EST. Please see our terms for use of feeds.

Shares of retailer American Eagle Outfitters (AEO) traded sharply higher Wednesday morning after the company posted stronger-than-expected fourth quarter results before the market open.

Going into the earnings report, analysts had been expecting to see the Pittsburgh-based company report earnings of $0.43 per share, but the company beat by a penny with earnings of $0.44. During the same period last year the company had earnings of $0.38 per share.

Continue reading American Eagle Soars Following Q4 Earnings Report

American Eagle Soars Following Q4 Earnings Report originally appeared on BloggingStocks on Wed, 09 Mar 2011 12:00:00 EST. Please see our terms for use of feeds.

• BHP Billiton (BHP), the world's number one miner, had earnings before interest and taxes of $14.82 billion. Of that amount, iron ore accounted for $5.8 billion, up 177%
• Number three miner, Rio Tinto (RTPPF), had earnings of $26.6 billion. Iron ore unit accounted for 60%, or $16.6 billion, up 133% for the year.

Continue reading Iron Ore Tops All Commodities

Iron Ore Tops All Commodities originally appeared on BloggingStocks on Wed, 02 Mar 2011 09:40:00 EST. Please see our terms for use of feeds.

Retail giant Target Corp. (TGT) reported its fourth quarter results this morning, and a strong holiday shopping season helped boost profit by 11%.

The company reported earnings of $1.38 per share, slightly lower than the $1.40 that analysts had been expecting. During the same period last year, the company earned $1.24 per share.

Continue reading Target Trades Higher Following Fourth-Quarter Earnings

Target Trades Higher Following Fourth-Quarter Earnings originally appeared on BloggingStocks on Thu, 24 Feb 2011 10:00:00 EST. Please see our terms for use of feeds.

Shares of communication equipment company JDS Uniphase Corp. (JDSU) are trading sharply higher in after hours trading today after posting strong fiscal second quarter results after the market closed.

Analysts were expecting to see earnings of $0.19 per share, but actual adjusted earnings were much higher at $0.29.

Continue reading JDS Uniphase Soars Following Q2 Earnings Report

JDS Uniphase Soars Following Q2 Earnings Report originally appeared on BloggingStocks on Thu, 03 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

It was a tough day for bank stocks today, and tomorrow Capital One Financial Corp. (COF) will get its chance to impress Wall Street when it reports its fourth quarter results.

The market was disappointed today by weak earnings report from Goldman Sachs and by news of job cuts coming from American Express.

Continue reading Capital One to Report Its Q4 Results

Capital One to Report Its Q4 Results originally appeared on BloggingStocks on Wed, 19 Jan 2011 16:40:00 EST. Please see our terms for use of feeds.

Continue reading MySpace Cuts Workforce by 47%

MySpace Cuts Workforce by 47% originally appeared on BloggingStocks on Wed, 12 Jan 2011 10:00:00 EST. Please see our terms for use of feeds.

Tuesday morning, SuperValu (SVU) was one of the biggest losers on the Street, with a drop in excess of 12% thanks to its third-quarter earnings report.

The supermarket operator reported a third-quarter loss of 95 cents per share ($202 million) compared to a profit of 51 cents per share ($109 million) a year ago. The recent third quarter includes write-downs of $1.19 per share ($252 million) and was impacted by weaker sales and margins. The firm's quarterly revenue dropped 5.9% to $8.67 billion, which is a sour follow up to the 9.5% drop from a year ago.

Continue reading SuperValu Plummets Thanks to Quarterly Loss

SuperValu Plummets Thanks to Quarterly Loss originally appeared on BloggingStocks on Tue, 11 Jan 2011 12:00:00 EST. Please see our terms for use of feeds.

Shares of Adobe Systems Inc. (ADBE) are trading up nicely in after hours trading this afternoon after the company reported strong fiscal Q4 earnings following the market close.

Going into this afternoon's report, analysts had been expecting to see the company report earnings of $0.52 per share, with actual earnings coming in above expectations at $0.56 excluding special items.

Continue reading Adobe Trading Sharply Higher Following Q4 Earnings

Adobe Trading Sharply Higher Following Q4 Earnings originally appeared on BloggingStocks on Mon, 20 Dec 2010 18:00:00 EST. Please see our terms for use of feeds.

Scanning over the news for FedEx (FDX) it seems that a decent amount of pundits would like to pin the potentially weak open on the delivery firm's weak second quarter earnings and revenue results. Let's dig into the report a bit and see if this blame is well placed.

The shipping company announced that its second-quarter profit dropped to 89 cents per share ($283 million) from last year's same-quarter earnings of $1.10 per share ($345 million). Taking charges out of the equation, FedEx earned $1.16 per share, short of the consensus estimate of $1.31 per share. Revenue came in at $9.63 billion, which is 12% better than the results from a year ago.

Continue reading FedEx Delivers Disappointing Earnings

FedEx Delivers Disappointing Earnings originally appeared on BloggingStocks on Thu, 16 Dec 2010 10:00:00 EST. Please see our terms for use of feeds.

Automotive retailer Pep Boys (PBY) has released its third-quarter earnings report. The company earned 11 cents per share ($5.7 million) in the latest quarter compared to 4 cents per share ($2.1 million) a year ago.

PBY's quarterly revenue checked in at $496.4 million, 5% better than a year ago. Analysts expected earnings of 8 cents per share with revenue of $488.7 million.

Continue reading Pep Boys Sees Q3 Earnings More Than Double

Pep Boys Sees Q3 Earnings More Than Double originally appeared on BloggingStocks on Tue, 07 Dec 2010 11:30:00 EST. Please see our terms for use of feeds.

Auto parts retailer Autozone Inc. (AZO) reported its fiscal first quarter results this morning, beating analyst estimates for the quarter.

Going into this morning's earnings report, analysts were expecting to see Autozone report earnings of $3.40 per share, but the company easily beat out estimates with a reported $3.77.

Continue reading Autozone Earnings: Better-Than-Expected Q1 Results

Autozone Earnings: Better-Than-Expected Q1 Results originally appeared on BloggingStocks on Tue, 07 Dec 2010 09:00:00 EST. Please see our terms for use of feeds.

Short and sweet -- General Electric (GE) reported higher profits on slower sales with a positive outlook.

The company reported earnings of $3.2 billion, with EPS of 29 cents, up 32% from the third quarter of 2009. This is the second quarter (oh boy, a streak!) GE increased orders, displaying continuing-earnings growth. Revenue was $35.9 billion for the quarter, down 5% on lower equipment sales and reduced GE Capital assets. GE expects fourth-quarter 2010 Industrial revenues to grow sequentially from third quarter and to be about flat with the year-ago period.

Continue reading Chasing Value: GE Reports -- Good News, Finally?

Chasing Value: GE Reports -- Good News, Finally? originally appeared on BloggingStocks on Fri, 15 Oct 2010 10:00:00 EST. Please see our terms for use of feeds.

Financial firm JPMorgan Chase (JPM) released its much-anticipated third-quarter earnings Wednesday morning, revealing that its profit increased 23%. JPM earned $4.42 billion, or $1.01 per share, during the quarter -- far better than the $3.59 billion, or 82 cents per share, earned a year ago. Not only did JPM destroy last year's earnings, but the company also handily topped the consensus estimate of 90 cents per share.

One reason for the stronger-than-expected results is the fact that JPM set aside $1.55 billion for retail credit losses in the quarter compared to $3.99 billion a year ago. That said, CEO Jamie Dimon warned that loan losses are still high in the mortgage and credit card portfolios, but these losses aren't continuing to rise as they did during the recession. Dimon added that JPM is expecting losses in the credit-card division during the next quarter.

Continue reading JPMorgan Chase Earnings Increase 23%

JPMorgan Chase Earnings Increase 23% originally appeared on BloggingStocks on Wed, 13 Oct 2010 08:30:00 EST. Please see our terms for use of feeds.

The earnings season kicked off last week with better-than-expected results from Alcoa (AA) and Yum! Brands (YUM), while Marriott (MAR) and Pepsico (PEP) met consensus EPS estimates. This week, bellwether companies Intel (INTC), General Electric (GE), Google (GOOG) and JPMorgan Chase (JPM) are scheduled to report their third-quarter results, and analysts polled by Thomson Reuters are looking for earnings growth from all of them.

Santa Clara, Calif.-based Intel announced the acquisition of McAfee and joint ventures with General Electric and Nokia (NOK) during its third quarter. Analysts forecast earnings for that period to come to 50 cents per share, which is up 34.0% from the same period of last year. The number one semiconductor maker's revenue for the three months ended in September is expected to total $11.0 billion, or 17.1% more than a year earlier. Looking ahead to the full year, the forecast thus far is for earnings of $1.94 per share (+44.8%) and $43.3 billion in revenue (+23.4%). The per-share earnings topped analysts' expectations in the past four quarters, by as much as a dime per share.

Continue reading Week in Preview: Earnings Expectations for Intel, GE, Google and JPMorgan

Week in Preview: Earnings Expectations for Intel, GE, Google and JPMorgan originally appeared on BloggingStocks on Sun, 10 Oct 2010 12:30:00 EST. Please see our terms for use of feeds.

Shares of consulting giant Accenture (ACN) are trading sharply higher in after hours trading today following a strong fourth quarter earnings report.

As we noted in our earnings preview last night, analysts had been expecting to see Accenture post earnings of $0.63 per share, but actual earnings came in above expectations at $0.66.

Continue reading Accenture Posts Better-Than-Expected Q4 Earnings

Accenture Posts Better-Than-Expected Q4 Earnings originally appeared on BloggingStocks on Thu, 30 Sep 2010 18:00:00 EST. Please see our terms for use of feeds.

Shares of athletic footwear and accessories giant Nike Inc. (NKE) are trading up nicely in after hours trading after the company posted better than expected results for its fiscal first quarter this afternoon following the market close.

Going into today's earnings report, analysts had been expecting to see the company post $1.01 per share, but Nike outpaced estimates with a reported $1.14 per share.

Continue reading Nike Posts Better-Than-Expected Q1 Earnings

Nike Posts Better-Than-Expected Q1 Earnings originally appeared on BloggingStocks on Thu, 23 Sep 2010 17:00:00 EST. Please see our terms for use of feeds.

Shares of international shipping giant FedEx Corp. (FDX) are selling off in early morning trading after the company posted fiscal first quarter results that were a bit shy of analyst estimates.

As we noted in our FedEx earnings preview, analysts had been expecting to see the company report earnings of $1.21 for the quarter, but actual results came in a bit lower at $1.20.

Continue reading FedEx Earnings Come Up a Little Short

FedEx Earnings Come Up a Little Short originally appeared on BloggingStocks on Thu, 16 Sep 2010 11:00:00 EST. Please see our terms for use of feeds.

Last week, the Fed's Beige Book report confirmed that the economy continues to grow, but at a slower pace than in previous periods. This week will bring plenty of economic data to either support or contrast with the Fed's findings.

• Monday: Federal government budget balance for August
• Tuesday: Business inventory numbers from July, TIPP Economic Optimism Index for September, retail sales data from August
• Wednesday: Industrial production in August, Empire State Manufacturing Survey for September, Import Price Index for August
• Thursday: Producer Price Index for August, Philly Fed Survey for September, the Current Account Balance in the second quarter, jobless claims for last week
• Friday: preliminary University of Michigan Consumer Sentiment Index, Consumer Price Index for August, real earnings data for August

Continue reading The Week in Preview: FedEx, Best Buy, Oracle and Lots of Economic Data

The Week in Preview: FedEx, Best Buy, Oracle and Lots of Economic Data originally appeared on BloggingStocks on Sun, 12 Sep 2010 12:30:00 EST. Please see our terms for use of feeds.