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Earnings Highlights: Bed Bath & Beyond, Constellation Brands, Family Dollar, Lennar, Sonic ...

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

  • Ark Restaurants Corp. (ARKR) shares declined after Q4 earnings fell short of consensus expectations.
  • Azz Inc. (AZZ) Q3 net income fell more than expected but the company reaffirmed its earnings outlook.
  • Bed Bath & Beyond Inc. (BBBY) reported strong Q3 results, sending shares to a new 52-week high.
  • Best Buy Inc. (BBY) declined to lift its earnings forecast despite strong December sales, send shares lower.
  • Constellation Brands Inc. (STZ) lower Q3 earnings topped expectations and revenue declined as well.

Continue reading Earnings Highlights: Bed Bath & Beyond, Constellation Brands, Family Dollar, Lennar, Sonic ...

Azz and PriceSmart Fall Short of Analyst's Estimates

Friday saw both electrical equipment manufacturer Azz Inc. (AZZ) and warehouse club operator PriceSmart Inc. (PSMT) report lower earnings. Azz said third-quarter net income declined due to lower demand and volume, while PriceSmart's fiscal first-quarter profit was hurt by increased operating expenses.

Azz's earnings totaled $8.7 million, or $0.70 per share, down from $10.8 million, or $0.88 per share a year ago. Revenues for the quarter fell 25.1% to $81.5 million. Analysts polled by Thomson Reuters had expected $0.76 per share on $93.7 million.

Continue reading Azz and PriceSmart Fall Short of Analyst's Estimates

PriceSmart not a buy after Q3 results

PriceSmart (NASDAQ: PSMT), an operator of warehouse clubs in Central America and the Caribbean and headquartered in San Diego, announced results for the third quarter on Friday. Judging by the reaction to the stock, I'd say the market wasn't too thrilled by the company's performance. As I write this, PriceSmart shares are down almost 14% on heavy volume in afternoon trading.

Net warehouse sales increased nearly 8%. Total revenue went up by a similar amount. Earnings came in at 30 cents per diluted share. Unfortunately, that means that PriceSmart's bottom line declined by 17%.

Continue reading PriceSmart not a buy after Q3 results

PriceSmart's profit grows; Constellation Brands narrows loss

On Wednesday, PriceSmart Inc. (NASDAQ: PSMT) reported that its earnings rose 34% in the fiscal second quarter due to improved sales, and Constellation Brands Inc. (NYSE: STZ) said it narrowed its fiscal fourth quarter loss despite restructuring costs and lower holiday season wine sales in Britain and Australia.

Warehouse club operator PriceSmart said it earned $12.7 million, or 43 cents per share, for the period ended Feb. 28, compared to $9.5 million, or 33 cents per share, in the same period of the previous year. Revenue grew 14% to $334.8 million.

Continue reading PriceSmart's profit grows; Constellation Brands narrows loss

Earnings highlights: GE, Alcoa, Marriott, Pepsi Bottling, Wal-Mart, Boeing and others

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

Continue reading Earnings highlights: GE, Alcoa, Marriott, Pepsi Bottling, Wal-Mart, Boeing and others

Finding positive earnings news in the new quarter

As the new earnings season kicked off, Alcoa Inc. (NYSE: AA) posted better-than expected results, despite a decline in earnings, and Pepsi Bottling Group (NYSE: PBG) topped Wall Street expectations as well. This just goes to show that there is some good news in earnings if you know where to look. Here are a few recent, less-prominent examples.

Flow International Corp. (NASDAQ: FLOW), which makes industrial waterjet equipment, swung to a better-than-expected fiscal fourth-quarter profit of $13.3 million, or 35 cents per share, helped by a boost in sales due to strong demand and an income tax benefit. Revenue rose 21% to $63.3 million. Shares are creeping up from a 52-week low of $6.81 a week ago.

Motor sports company International Speedway Corp.'s (NASDAQ: ISCA) second-quarter profit rose 41% to $26 million, or 52 cents per share. However, revenue slipped 3% to $174.9 million as admission and food and merchandise sales declined. Results fell short of Wall Street expectations, and shares fell to a 52-week low of $36.36.

Apparel and footwear company Wolverine World Wide Inc. (NYSE: WWW), second-quarter profit of $16.8 million, or 33 cents per share, topped Wall Street expectations, as strong international results linked to the weaker dollar largely offset increased product and freight costs. Revenue climbed 7% to $267.4 million. But shares fell $3.11 to $23.46 in morning trading.

Continue reading Finding positive earnings news in the new quarter

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 12:30 AM

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