JBL posts
FeedPosted Sep 27th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Darden Restaurants (DRI), NIKE, Inc'B' (NKE), Economic data
Autumn has arrived and the quarter winds down this week. The Dow has been inching toward 10,000 for a while now, though it closed lower in the past three sessions. Can it make it to 10,000 for the start of the third quarter? If so, what will push it higher? If not, what will drag it down further?
Continue reading The week in preview: Is the rally over?
Posted Jun 27th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Walgreen Co (WAG), Bed Bath and Beyond (BBBY), Kroger Co (KR), ConAgra Foods (CAG), Darden Restaurants (DRI), NIKE, Inc'B' (NKE), KB HOME (KBH), Lennar Corp'A' (LEN), Oracle Corp (ORCL), Red Hat Inc (RHT), CKE Restaurants (CKR), Rite Aid Corp (RAD), Potash Corp. of Saskatchewan (POT)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Nike, Oracle, Kroger, Walgreen, Monsanto, KB Home ...
Posted Jun 21st 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Walgreen Co (WAG), Darden Restaurants (DRI), NIKE, Inc'B' (NKE), KB HOME (KBH), Oracle Corp (ORCL), Economic data
Continue reading The week in preview: End-of-quarter earnings expectations: Nike, Oracle, Walgreen ...
Posted Mar 28th 2009 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Walgreen Co (WAG), Best Buy (BBY), Carnival Corp (CCL), Tiffany and Co (TIF), ConAgra Foods (CAG), Research in Motion (RIMM), KB HOME (KBH)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Best Buy, Walgreen, Tiffany, Research in Motion, KB Home and more
Posted Mar 25th 2009 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Apple Inc (AAPL)
Electronics manufacturer Jabil Circuit (NYSE: JBL), a colleague of Flextronics (NASDAQ: FLEX), reported earnings for the second quarter on Tuesday after the market closed for the day.
The results didn't get me too excited, but the market did buy the stock in the after-hours session, sending the shares higher by well over 4%. I guess we'll have to agree to disagree.
On an adjusted basis, Jabil earned 13 cents per diluted share. That beat estimates by a penny. However, the bottom line dropped by 35%. Furthermore, the top line had shed over 5% during the quarter.
Continue reading Jabil Circuit beats the analysts, but risks remain
Posted Dec 11th 2008 11:41AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Intel (INTC), Viacom (VIA), Analyst initiations, Rio Tinto plc ADS (RTP)
Analyst upgrades:
- Citigroup upgraded shares of Ball (NYSE: BLL) to Buy from Hold and raised its target to $45 from $41 as they believe recent capacity closures will be positive for beverage can operating rates.
- Deutsche Bank upgraded Rio Tinto (NYSE: RTP) to Buy from Hold on valuation and the company's plans to preserve cash.
- ThinkPanmure upgraded Intel (NASDAQ: INTC) to Accumulate from Sell and raised its target to $17 from $12 citing trough earnings in 2009 and lowered expectations.
- Viacom B (NYSE: VIA.B) was added to Goldman's Conviction Buy List.
- Telefonica (NYSE: TEF) was upgraded to Outperform from Neutral at Credit Suisse.
- Onyx Pharma (NASDAQ: ONXX) was raised to Overweight from Neutral at JP Morgan.
Analyst downgrades:Continue reading Analyst calls: RTP, INTC, VIA.B, TEF, BRCD, JBL, ERIC, CEPH ...
Posted Oct 6th 2008 11:43AM by Eric Buscemi (RSS feed)
Filed under: Analyst upgrades and downgrades, Coca-Cola (KO), IAC/InterActiveCorp (IACI), Analyst initiations, Wells Fargo (WFC)
Analyst upgrades:
- Keefe Bruyette upgraded shares of ING Group (NYSE: ING) to Outperform from Market Perform after upgrading the European insurance sector to Overweight from Neutral due to improved risk management.
- Keefe Bruyette also upgraded Wells Fargo (NYSE: WFC) to Market Perform from Underperform to reflect the company's national footprint if the Wachovia (NYSE: WB) deal goes through.
- JP Morgan upgraded Dollar Tree (NASDAQ: DLTR) to Overweight from Neutral citing top line performance, growth profile and valuation, among other reasons.
- Jabil Circuit (NYSE: JBL) was upgraded to Outperform from Neutral at Credit Suisse.
- Amylin Pharma (NASDAQ: AMLN) was raised to Hold from Sell at Citigroup.
- Louisiana Pacific (NYSE: LPX) was upgraded at RBC Capital to Sector Perform from Underperform.
Analyst downgrades:
- Jefferies downgraded shares of Ecolab (NYSE: ECL) to Hold from Buy and lowered its target to $50 from $55 to reflect risks to the company's earnings outlook from the weakening economy.
- Coca-Cola (NYSE: KO) was cut to Hold from Buy at Deutsche Bank as they believe the economic slowdown will bring slower volumes. Coca-Cola's target was lowered to $56 from $64.
Continue reading Analyst calls: ING, WFC, DLTR, JBL, AMLN, ECL, KO, IACI, FFIV ...
Posted Sep 26th 2008 8:12AM by Melly Alazraki (RSS feed)
Filed under: Before the bell, Earnings reports, Analyst reports, Analyst upgrades and downgrades, Deals, Microsoft (MSFT), Apple Inc (AAPL), Market matters, JPMorgan Chase (JPM), Research in Motion (RIMM), KB HOME (KBH), , Economic data, Financial Crisis

Just one day after investors ran up stocks in expectation of a bailout plan, U.S. stock futures dropped significantly Friday as the $700 billion
bailout plan wasn't approved after all and as Washington Mutual was seized by regulators in the country's largest-ever failure. Discussions over the bailout are still ongoing, while JPMorgan Chase was forced to acquire the rest of WaMu. To add to an already tense environment, the final release of the second-quarter GDP is due at 8:30 a.m. EDT, and the September University of Michigan's consumer confidence index is due out at 10 a.m EDT.
Washington Mutual Inc. (NYSE:
WM) was
seized by the Federal Deposit Insurance Corp. on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. (NYSE:
JPM) for $1.9 billion. It was the largest failure by a U.S. bank. JPMorgan also said it would raise another $8 billion through the sale of stock. WM shares are down nearly 85%, JPM's down over 2% in pre-market trading.
Research In Motion Ltd. (NASDAQ:
RIMM) posted a
sharply higher quarterly profit on Thursday, in line with expectations, but gave a forecast that was below expectation. Investors are concerned that as the economy slows, RIM's large corporate clients could scale back BlackBerry purchases and upgrades. Deutsche Bank
downgraded RIM from Hold to Sell, saying it relies more on hardware sales thse days, which means new product launches in this environment could worsen. RBC Capital Markets also downgraded RIM from Outperform to Sector Perform, but Credit Suisse, upgraded RIM from Underperform to Neutral. RIMM shares are down over 20% in pre-market trading.
Continue reading Before the bell: Stocks to tank; WM, RIMM, AAPL, MSFT, HBC, KBH, JBL
Posted Sep 21st 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Economic data, Housing
Earnings reports continue to dribble in as the quarter winds down. Much of the attention this week will be on homebuilders KB Home (NYSE: KBH) and Lennar Corp. (NYSE: LEN) as investors look for any sign that the housing sector has bottomed (home sales numbers are also due out this week; see below). Analysts surveyed by Thomson Financial anticipate that both companies will report that they narrowed their losses in the most recent quarter.
KB Home's expected $1.25 per share loss, on revenue of $725.5 million, compares to the previous quarter loss of $3.30 and to a year-ago loss of $6.19. However, KB Home's losses in the past few quarters have been deeper than expected. The Los Angeles-based homebuilder's long-range earnings growth forecast is 10.5%, less than the S&P 500. Analysts continue to recommend holding KB Home, and have for at least 120 days. Shares, however, reached a new 52-week high of $31.69 on Friday, and they are up 10.5% year to date.
Lennar is expected to post a loss of 52 cents per share, on revenue of $1.1 billion. That compares to the previous quarter's per-share loss of 76 cents and to a year-ago loss of $3.25. While Lennar also has tended in the past few quarters to miss expectations, the Miami-based company managed a positive surprise in the first quarter of 2008. Lennar's long-range earnings growth forecast is 10.3%, about the same as KB Home's. Analysts also recommend holding Lennar. Friday, shares of Lennar also reached a 52-week high, $27.75, but they are down 6.4% year to date.
Continue reading The week in preview: A bottom for the housing sector?
Posted Jun 28th 2008 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Google (GOOG), Walgreen Co (WAG), Bed Bath and Beyond (BBBY), Kroger Co (KR), Darden Restaurants (DRI), Research in Motion (RIMM), General Mills (GIS), NIKE, Inc'B' (NKE), KB HOME (KBH), Oracle Corp (ORCL), Red Hat Inc (RHT), United Parcel'B' (UPS), Palm Inc (PALM), CKE Restaurants (CKR), Rite Aid Corp (RAD)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: RIM, Oracle, KB Home, Nike, Kroger, Walgreen and others
Posted Jun 27th 2008 12:51PM by Larry Schutts (RSS feed)
Filed under: Earnings reports, Analyst upgrades and downgrades, Cisco Systems (CSCO), Hewlett-Packard (HPQ), Nokia Corp. (NOK), Technical Analysis, Stocks to Buy
Jabil Circuit (NYSE: JBL) is
a leading electronics manufacturing services firm, providing comprehensive design, manufacturing and product management services to global electronics and technology companies. The firm works for original equipment makers in the automotive, storage, medical, networking, telecommunications, computer and consumer products industries. Top customers include Cisco Systems (NASDAQ: CSCO), Hewlett-Packard (NYSE: HPQ) and Nokia (NYSE: NOK).
The company had good news for investors earlier in the week, when it reported fiscal Q3 EPS of 26 cents and revenues of $3.09 billion. Analysts had been looking for 20 cents and $3.08 billion. Management also guided Q4 EPS to 29-33 cents (29 cent consensus) and Q4 revenues to $3.2-$3.3 billion ($3.19B consensus). Credit Suisse subsequently reiterated its "neutral" rating on the stock, but RBC Capital Markets repeated an "outperform" recommendation and Needham said "buy" again.
Continue reading Jabil Circuit (JBL): Price defines bullish 'flag' pattern
Posted Jun 25th 2008 8:22AM by Melly Alazraki (RSS feed)
Filed under: Before the bell, Earnings reports, Analyst reports, Analyst upgrades and downgrades, Deals, Apple Inc (AAPL), Ford Motor (F), Boeing Co (BA), Darden Restaurants (DRI), Research in Motion (RIMM), NIKE, Inc'B' (NKE), Oracle Corp (ORCL)
Continue reading Before the bell: JBL, COMS, PIR, MON, RIMM, BA, F ...
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