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JPMorgan Chase Ups Forecasts for Tablet Sales

When it comes to picking trends, JPMorgan Chase (JPM) has nailed the latest market to experience explosive growth. It is the fast-growing tablet market, as reported in Reuters.

Morgan's analyst, Mark Moskowitz, has upped his forecasts for tablet sales in 2011 and 2012. For 2011 he raised his numbers from $24.9 to $26.1 billion. For 2012 his numbers are increased from $34.1 billion to $35.2 billion. Unit sales were upped by over 1 million to 48.1 in 2011 and 79.6 in 2012.

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Campbell Shares Sink on Weaker-Than-Expected Revenues

Campbell Second Quarter Earnings ReportShares of food giant Campbell Soup Co. (CPB) traded sharply lower Friday morning after it posted lower-than-expected revenues and lowered forward guidance.

Earnings for the company's second quarter were in-line with analyst estimates at $0.71 per share, but revenues came in at just $2.13 billion for the quarter. Analysts had been expecting to see Campbell report revenues of $2.15 billion.

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Humana's Net Profit Drops 57%

Humana (HUM), one of the nations' biggest providers of private run Medicare Advantage health plans, showed mixed results on Monday in their Q4 results. Revenues were higher, but net earnings fell, due mainly to the acquisition of Concentra Inc. Concentra provides services such as occupational medicine , urgent care and physical therapy.

The company reported a profit of $107.3 million or 63 cents a share, down from $250.7 million of $1.48 a share a year ago, as reported in the Wall Street Journal. The latest period included $1.02 a share in acquisition and related costs. Revenue increased 9.4% to $8.35 billion. Analysts had predicted earnings of 81 cents on revenue of $8.36 billion.

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JDS Uniphase Soars Following Q2 Earnings Report

JDSUShares 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.

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November Home Prices Down 5%, More Downside Expected

This not good news. Market researcher Zillow, which tracks home prices, reported that prices dropped 5.1% in November 2010, the 53rd straight month of declines. Zillow does not include foreclosures in its data, according to CNNMoney.

Zillow forecasts that home prices will continue falling into the second half of this year. According to Zillow, "The bottom will be very long and rocky."

Another research company, CoreLogic, which also tracks the home market, reported that home prices declined in 44 states, up from 18 in June.

Continue reading November Home Prices Down 5%, More Downside Expected

Adobe Trading Sharply Higher Following Q4 Earnings

Adobe Q4 Earnings ReportShares 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.

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Nike Second Quarter Earnings Preview

Nike Q2 Earnings PreviewAthletic footware and accessories giant Nike Inc. (NKE) will get its chance to impress Wall Street when it reports its fiscal second quarter earnings following Tuesday's market close.

Investors are expecting to see a strong report, and this bullish view helped push the stock to a new 52 week high in Monday's trading session of $90.87.

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Accenture Fourth Quarter Earnings Preview

Accenture (ACN) logoConsulting firm Accenture (ACN) will be reporting its fiscal fourth quarter earnings after the market close tomorrow, with analysts expecting to see the company report earnings of $0.63 per share, in-line with the same period last year.

The company has issued its guidance, and expects to see revenues in a range of $5.15 to $5.35 billion. For full year earnings, the company now expects earnings somewhere between $2.61 to $2.69, on the lower end of previous guidance.

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Hewlett-Packard Sees Strong 2011 Forecast

Hewlett-Packard (HPQ) logoTech giant Hewlett-Packard (HPQ) held an investors meeting Tuesday afternoon, during which it offered a bullish 2011 forecast.

The company now sees full-year 2011 profit to be in the range of $5.05 to $5.15, better than the $4.99 that analysts had previously forecast for the year.

Revenues are expected to be in a range of $131.5 billion to $133.5 billion, which is also higher than analyst forecasts for $131.4 billion.

Continue reading Hewlett-Packard Sees Strong 2011 Forecast

Nordstrom Shares Sink on Full-Year Guidance

Nordstrom Earnings PreviewHigh end retailer Nordstrom Inc. (JWN) is trading sharply lower this afternoon after the company maintained its guidance for the full year 2010.

Nordstrom reported second quarter earnings of $0.66 per share, or $146 million, in line with analyst estimates for the quarter.

Continue reading Nordstrom Shares Sink on Full-Year Guidance

Amgen Posts Better-Than-Expected Q2 Earnings

amgen second quarter earnigns previewShares of biotech giant Amgen, Inc. (AMGN) are trading slightly higher in after hours trading this afternoon after the company delivered better than expected earnings for its second quarter.

Going into this afternoon's earnings report, analysts had been expecting to see Amgen report $1.30 per share, but the company was able to beat out analyst estimates by reporting an actual $1.38 for the quarter.

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Adobe Trades Lower Despite Announcing Record Revenues

Adobe ADBEShares of tech giant Adobe Systems (ADBE) sold off in after-hours trading Tuesday following the company's second quarter earnings report, which showed record revenues for the company.

As we noted in our earnings preview yesterday, analysts were expecting to see the company announce earnings of 42 cents per share. Actual earnings were slightly higher at 44 cents per share.

Continue reading Adobe Trades Lower Despite Announcing Record Revenues

Nike Hopes to Score with Its Q4 Earnings Report

nike soccer ballAfter Wednesday's market close, Nike, Inc. (NKE), the world's largest athletic shoe and accessory maker, is going to get its chance to impress Wall Street when it reports its fiscal fourth quarter results.

Analysts are expecting to see the company announce earnings of $1.05 per share, verses $0.99 during the same period last year.

Continue reading Nike Hopes to Score with Its Q4 Earnings Report

Priceline.com Issues Weak Forecast, Stock Set to Plunge

Priceline.com quarterly earnings Priceline.com (PCLN), the name-your-own-price travel website, reported on Monday pro-forma first-quarter earnings of $1.70 per share, more than doubling the results from last year's same quarter. Analysts had expected first-quarter earnings of $1.66 per share.

So it makes sense that the stock absolutely tanked in after-hours trading, right? Yes, considering the fact that PCLN issued a weak second-quarter forecast. The company expects pro-forma, second-quarter earnings of $2.50 to $2.70 per share. The top-end of the projected range is well short of Wall Street's forecast earnings of $2.83 per share.

Continue reading Priceline.com Issues Weak Forecast, Stock Set to Plunge

Oracle Third Quarter Earnings Preview: Is Tech on the Rebound?

Tech giant Oracle Corp. (ORCL) will be reporting its fiscal third quarter numbers Thursday after the market close, and analysts are looking for a strong quarter from the company.

The company is expected to report earnings of 38 cents per share. During the same period last year, the company had earnings of 35 cents a share.

Continue reading Oracle Third Quarter Earnings Preview: Is Tech on the Rebound?

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Last updated: May 26, 2012: 06:28 PM

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