BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[HSBC announces earnings and U.S. closings; more pain to come]]>http://www.bloggingstocks.com/2009/03/02/hsbc-announces-earnings-and-u-s-closings-more-pain-to-come/http://www.bloggingstocks.com/2009/03/02/hsbc-announces-earnings-and-u-s-closings-more-pain-to-come/http://www.bloggingstocks.com/2009/03/02/hsbc-announces-earnings-and-u-s-closings-more-pain-to-come/#commentsFiled under: , ,

In the infamous words of Rod Roddy, HSBC Holdings (NYSE: HBC) come on down! You're next on the Earnings are Falling (or The Price is Wrong if you like).

The banking firm announced this morning that its 2008 profit fell some 70%, which is prompting the firm to halt most of its U.S. consumer lending business. HSBC's net profit fell to $5.73 billion from $19.13 billion a year ago. In North America, HSBC took a goodwill charge of $10.6 billion stemming from the restructure of the region. Taking this charge out of the equation, HSBC's profit dropped 18% to $19.9 billion. Experts had expected a pretax profit of roughly $20 billion.

Continue reading HSBC announces earnings and U.S. closings; more pain to come

HSBC announces earnings and U.S. closings; more pain to come originally appeared on BloggingStocks on Mon, 02 Mar 2009 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings disappointmentsEarningsDisappointmentshbchsbchsbc holdingsHsbcHoldingsinthenewsjob lossesJobLossesMon, 02 Mar 2009 09:00:00 EST<![CDATA[Zales (ZLC) announces store closings]]>http://www.bloggingstocks.com/2009/02/26/zales-zlc-announces-store-closings/http://www.bloggingstocks.com/2009/02/26/zales-zlc-announces-store-closings/http://www.bloggingstocks.com/2009/02/26/zales-zlc-announces-store-closings/#commentsFiled under:

Yesterday, struggling jewelry retailer Zale Corp. (NYSE: ZLC) announced the closure of 115 stores in a drastic cost-reduction plan. The company also announced that revenue dropped nearly 18% in the second quarter.

The stores designated for closure will lock their doors for good when their leases mature. The closing stores are poor sales performers. In addition, ZLC announced that it will cut its capital spending by 65%, along with 245 jobs already cut this month. Furthermore, the jeweler plans to reduce its debt by roughly $40 million from the end of the second quarter through July (which is the end of ZLC's fiscal year). ZLC noted that the addition of Canadian and Puerto Rican assets give the company flexibility and sufficient liquidity.

Continue reading Zales (ZLC) announces store closings

Zales (ZLC) announces store closings originally appeared on BloggingStocks on Thu, 26 Feb 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings disappointmentsEarningsDisappointmentsinthenewsjewelrystore closingsStoreClosingszalesZLCThu, 26 Feb 2009 10:30:00 EST<![CDATA[Office Depot (ODP) slumps after reporting loss; it's not going to rally soon]]>http://www.bloggingstocks.com/2009/02/25/office-depot-odp-slumps-after-reporting-loss-its-not-going-t/http://www.bloggingstocks.com/2009/02/25/office-depot-odp-slumps-after-reporting-loss-its-not-going-t/http://www.bloggingstocks.com/2009/02/25/office-depot-odp-slumps-after-reporting-loss-its-not-going-t/#commentsFiled under: , ,

Rough day for office supply retailer Office Depot (NYSE: ODP) yesterday. The firm saw its shares fall slightly more than 13% after reporting a fourth-quarter loss of $5.64 per share. A year ago, ODP raked in a profit of seven cents per share, a stark turnaround thanks to the current economy. These results included charges of $4.54 per share and 37 cents per share, all of which stemmed from costs to close certain facilities, cut jobs and write-down assets. Adjusting the results for these changes, ODP lost 73 cents per share - still much larger than the six-cent loss expected by the Street.

Quarterly sales slumped 15% to $3.27 billion from last year's sales of $3.87 billion. Breaking the sales down a bit, the sultan of staples saw its sales in North America fall 17% - with international sales slipping 15%.

Continue reading Office Depot (ODP) slumps after reporting loss; it's not going to rally soon

Office Depot (ODP) slumps after reporting loss; it's not going to rally soon originally appeared on BloggingStocks on Wed, 25 Feb 2009 10:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings disappointmentsEarningsDisappointmentseconomic downturnEconomicDownturninthenewsodpoffice depotoffice suppliesOfficeDepotOfficeSuppliesWed, 25 Feb 2009 10:15:00 EST<![CDATA[First Solar (FSLR) reports stronger-than-expected earnings; shares tank]]>http://www.bloggingstocks.com/2009/02/25/first-solar-fslr-reports-stronger-than-expected-earnings-shar/http://www.bloggingstocks.com/2009/02/25/first-solar-fslr-reports-stronger-than-expected-earnings-shar/http://www.bloggingstocks.com/2009/02/25/first-solar-fslr-reports-stronger-than-expected-earnings-shar/#commentsFiled under: ,

Yesterday, solar firm First Solar (NASDAQ: FSLR) announced that its fourth-quarter profit more-than doubled in the face of declining demand for its products. Arizona-based FSLR raked in $1.61 per share in the fourth quarter, up from 77 cents per share a year earlier. The Street expected earnings of $1.30 per share.

Fourth-quarter sales increased to $433.7 million, far better than the expected $410.4 million. Full-year sales totaled $348.3 million, with earnings checking in at $4.24 per share.

Continue reading First Solar (FSLR) reports stronger-than-expected earnings; shares tank

First Solar (FSLR) reports stronger-than-expected earnings; shares tank originally appeared on BloggingStocks on Wed, 25 Feb 2009 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings disappointmentsEarningsDisappointmentseconomic strugglesEconomicStrugglesfirst solarFirstSolarfslrinthenewssolarWed, 25 Feb 2009 09:00:00 EST<![CDATA[Playboy reports fourth-quarter earnings]]>http://www.bloggingstocks.com/2009/02/18/playboy-reports-fourth-quarter-earnings/http://www.bloggingstocks.com/2009/02/18/playboy-reports-fourth-quarter-earnings/http://www.bloggingstocks.com/2009/02/18/playboy-reports-fourth-quarter-earnings/#commentsFiled under: , ,

I'm guessing that sin isn't in, as far as this recession is concerned. Playboy Enterprises (NYSE: PLA) posted a larger fourth-quarter loss thanks to $157.2 million in restructuring costs and other one-time costs. In addition, weaker-than-expected revenue cut into the quarterly performance. PLA's net loss checked in at a sizable $4.37 per share, far larger than the loss of three cents per share a year ago. This most-recent loss rounds out a year when PLA posted a loss in each quarter. PLA's revenue fell to $69.8 million from $85.9 million a year ago, and it fell well short of the expected revenue of $73.7 million.

Continue reading Playboy reports fourth-quarter earnings

Playboy reports fourth-quarter earnings originally appeared on BloggingStocks on Wed, 18 Feb 2009 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings disappointmentsearnings reportsEarningsDisappointmentsEarningsReportsPLAplayboyplayboy enterprisesplayboy magazinePlayboyEnterprisesPlayboyMagazineWed, 18 Feb 2009 15:40:00 EST<![CDATA[Nvidia (NVDA) earnings disappoint]]>http://www.bloggingstocks.com/2009/02/10/nvidia-nvda-earnings-disappoint/http://www.bloggingstocks.com/2009/02/10/nvidia-nvda-earnings-disappoint/http://www.bloggingstocks.com/2009/02/10/nvidia-nvda-earnings-disappoint/#commentsFiled under: , , , ,

Semiconductor Nvidia Corp. (NASDAQ: NVDA) had its turn in the earnings parade this afternoon, and the company put up dismal results that failed to meet analyst expectations.

Going into this afternoon's earnings report, analysts had been expecting to see the company show a loss of $0.09 per share, but the actual EPS for the quarter was a greater loss, one of $0.18 per share.

Continue reading Nvidia (NVDA) earnings disappoint

Nvidia (NVDA) earnings disappoint originally appeared on BloggingStocks on Tue, 10 Feb 2009 18:34:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>after hoursAfterHoursbad newsBadNewsearningsearnings disappointmentsEarningsDisappointmentsNVDANvidiasemiconductorstechnologyTue, 10 Feb 2009 18:34:00 EST<![CDATA[Another homebuilder feels the pain, this time it's KB Home]]>http://www.bloggingstocks.com/2007/06/28/another-homebuilder-feels-the-pain-this-time-its-kb-home/http://www.bloggingstocks.com/2007/06/28/another-homebuilder-feels-the-pain-this-time-its-kb-home/http://www.bloggingstocks.com/2007/06/28/another-homebuilder-feels-the-pain-this-time-its-kb-home/#commentsFiled under: , , , , , , , ,

Another homebuilder is feeling the pain today as KB Home (NYSE: KBH) becomes the latest homebuilder to disappoint this morning. The stock has managed to bounce back to around break even 30 minutes into the trading session after starting sharply in the red. At one point, shares traded down as low as $39.75 but have bounced back to $40.42 down $0.01.

The company announced this morning that in its second quarter it lost $174.2 million, or $2.26 a share. Wall Street had been expecting the company to show a 7 cent per share profit, and analysts polled by Thomson Financial had estimates ranging from a loss of $1.46 a share to a $0.46 per share profit.

The company blamed its poor quarter on three ongoing market conditions:
  1. Current oversupply of new and resale housing inventory
  2. A difficult situation compounded by aggressive competition
  3. Continued weak demand

Continue reading Another homebuilder feels the pain, this time it's KB Home

Another homebuilder feels the pain, this time it's KB Home originally appeared on BloggingStocks on Thu, 28 Jun 2007 11:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>earnings disappointmentsEarningsDisappointmentshomebuildershousing marketHousingMarketkb homeskbhKbHomeslenlennarThu, 28 Jun 2007 11:00:00 EST