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EarningsGuidance posts

FedEx ups its second-quarter estimate

Posted Dec 8th 2009 9:30AM by Mark Fightmaster (RSS feed)
Filed under: Good news, FedEx Corp (FDX)

FedEx (FDX) late Monday raised its second-quarter earnings outlook based on increased demand for international shipping services and cost-cutting efforts. The delivery company upped its profit target to $1.10 per share from an earlier estimate of 65 cents to 95 cents per share. While the new forecast is far better than the original forecast, it still falls short of the $1.58 per share FDX earned in last year's second quarter. Still, it was far better than what the Street's expectation of earnings of 85 cents per share.

The company's CFO Alan Graf noted, "FedEx will exceed previous earnings guidance in the second quarter primarily due to better-than-expected growth in FedEx International Priority and FedEx Ground volumes coupled with the benefits of our continuing cost control programs." In the international realm, Asia and Latin America were key drivers in boosting profit.

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Alpha Natural Resources slashes full-year outlook on weak coal demand

Posted Dec 3rd 2008 12:15PM by Elizabeth Harrow (RSS feed)
Filed under: Forecasts, Bad News, Commodities

Coal-mining concern Alpha Natural Resources (NYSE: ANR) is trading sharply lower today after cutting its full-year earnings and production forecasts. Due to lower coal demand from steelmakers, ANR now expects net income of $175 million to $185 million for fiscal 2008. Previously, the commodity firm predicted full-year earnings of $230 million to $270 million.

As a result of waning demand, shipments of metallurgical coal will be reduced by about 500,000 tons in the fourth quarter. Going forward, ANR stated, "the outlook for metallurgical coal sales shipments and pricing will remain uncertain until such time as the financial markets begin improving and economic activity shows tangible signs of recovery."

Additionally, Alpha said it will close its mining operations at West Virginia's Whitetail Kittanning mining complex. The company is citing "adverse geologic conditions and regulatory requirements" for the shutdown, which will occur at the end of December. A total of 329 employees will be affected by the closure.

Continue reading Alpha Natural Resources slashes full-year outlook on weak coal demand

TJX Cos. 3Q earnings fall short of expectations, but future guidance looks bright

Posted Nov 13th 2007 12:51PM by Beth Gaston Moon (RSS feed)
Filed under: Earnings Reports, Good news, Bad News, Technical Analysis

TJX Cos. (NYSE: TJX) - parent of the T.J. Maxx, HomeGoods, and Marshalls chains of discount retailers - said this morning that third-quarter profit jumped 13% to $249.5 million, or 54 cents per share. This figure was a penny shy of analysts' consensus estimate of 55 cents.

Revenue rose 6% during the 3-month reporting period to $4.74 billion from $4.47 billion in the year-ago period. Same-store sales jumped 3%. This headline number also failed to meet Street expectations of $4.79 billion.

Company president/CEO Carol Meyrowitz was quoted by Dow Jones as noting that while warm fall weather curbed demand slightly, "as the weather cooled towards the end of the quarter, we saw a strong surge in sales and demand for cold weather apparel."

Continue reading TJX Cos. 3Q earnings fall short of expectations, but future guidance looks bright