AOL Money & Finance

John Wiley posts

Feed

Earnings highlights: Goldman Sachs, Best Buy, General Mills, Carnival and others

Here are some highlights from this past week's earnings coverage from BloggingStocks:

More earnings highlights from this week: Morgan Stanley, FedEx, Ford, GE, Circuit City and others

Continue reading Earnings highlights: Goldman Sachs, Best Buy, General Mills, Carnival and others

John Wiley doubles Q4 profit; Pier 1 narrows Q1 loss

On Thursday, publisher John Wiley & Sons Inc. (NYSE: JW.A) reported that its fiscal fourth-quarter earnings more than doubled. Not so good news from retailer Pier 1 Imports Inc. (NYSE: PIR), which said Thursday that its fiscal first quarter loss narrowed, but still fell short of analysts' forecasts.

Wiley said that, for the quarter ended April 30, earnings soared to $29 million, or 49 cents per share, from $14.4 million, or 25 cents per share, in the same period of the previous year ago. Revenue grew 11% to $433 million. Results were lifted by the company's 2007 acquisition of Blackwell Publishing.

Analysts polled by Thomson Financial had expected 35 cents per share on $427.1 million in sales.

For the full year, earnings rose 48% to $147.5 million, or $2.49 per share, and revenue grew 36% to $1.67 billion. Wiley also announced its 15th consecutive annual dividend increase.

John Wiley shares rose $1.10 Thursday to $49.76, just shy of its 52-week high, but was trading lower Friday morning. Shares are up 13.3% year to date.

Continue reading John Wiley doubles Q4 profit; Pier 1 narrows Q1 loss

Analyst upgrades: PALM, FTEK, WY and JW.A

MOST NOTEWORTHY: Palm (PALM), Fuel Tech (FTEK), Weyerhaeuser (WY), and John Wiley & Sons (JW.A) were today's noteworthy upgrades:
  • Palm Inc (NASDAQ: PALM) was upgraded to Outperform from Market Perform by Morgan Keegan, who expects PALM's recapitalization to bring more financial discipline, better growth from new products, and views the valuation as compelling.
  • FuelTech Inc (NASDAQ: FTEK) was upgraded to Buy from Accumulate at ThinkEquity, which believes the company technologies are well-positioned as the U.S. Clean Air Act takes effect.
  • Bank of America upgraded Weyerhaeuser Company (NYSE: WY) to Buy from Neutral, citing valuation and their prediction that the company's restructuring will create value for shareholders.
  • John Wiley & Sons Inc (NYSE: JW.A) was upgraded to Buy from Hold by Stifel Nicolaus & Co, which views the company as a consistent performer with emerging catalysts and reasonable valuation.
OTHER UPGRADES:

Symbol Lookup
IndexesChangePrice
DJIA+20.0310,246.97
NASDAQ-2.982,151.08
S&P 500-0.071,093.01

Last updated: November 10, 2009: 11:01 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance