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Wells Fargo (NYSE: WFC) is set to report earnings on April 22, but the bank stated this morning that it expects to report first-quarter income of nearly $3 billion. WFC's preliminary first-quarter earnings are 55 cents per share, compared to 60 cents per share a year ago. These figures are after "preferred dividends," which include $372 million in dividends paid to the government - these charges are taken into account.

The early reports of earnings of 55 cents per share are far better than the consensus estimate for 31 cents per share. WFC added that total revenue for the quarter should be $20 billion.

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Wells Fargo issues an early earnings surprise, boosting the market originally appeared on BloggingStocks on Thu, 09 Apr 2009 09:00:00 EST. Please see our terms for use of feeds.

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Shares of Tiffany and Co. (NYSE: TIF) are trading up 4.6% in the premarket following this morning's third quarter earnings release.

The company reported earnings of 71 cents per share. As I had discussed last night in my earnings preview, analysts had only been expecting to see the jewelry and luxury goods retailer show earnings of 25 cents per share. Included in the company's figures were 48 cents per share related to the sale-leaseback of the company's Tokyo flagship store. Excluding that, profit was 23 cents.

The company posted an 18% jump in sales during the quarter, helped by 9% increase in same-store sales.

Looking ahead to the company's full year numbers, Tiffany boosted its outlook from $2.22 to $2.27 per share upwards to a range of $2.25 to $2.30 per share.

Shares are currently trading up $2.25 to $51.00.

[photo : hazydz]

Eliza Popescu is a financial writer for the online investment advisory service Investor's Observer.

Tiffany earnings shine bright originally appeared on BloggingStocks on Fri, 30 Nov 2007 09:13:00 EST. Please see our terms for use of feeds.

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