Q4 earnings posts
FeedPosted Nov 10th 2008 5:46PM by Sarah Gilbert (RSS feed)
Filed under: Earnings reports, Bad news, Starbucks (SBUX)
As I sit in my neighborhood
Starbucks (NASDAQ:
SBUX) outlet, the song playing through the coffeeshop speakers is
Everybody Hurts by REM. How appropriate. This fiscal year, especially these past two quarters,
hurt Starbucks.
Fiscal fourth quarter 2008 profits were $5.4 million, or a penny per share, after restructuring costs associated with store closings; but only 10 cents a share before charges, three cents less than analysts expected and a very painful 11 cents a share less than the year-ago period.
Ouch.
On a somewhat healthier note, net revenues were up a bit, to $2.5 billion, a 3% increase from a year earlier. Not a growth story exactly, but at least not negative! There's something! And CEO Howard Schultz had all kinds of positive spin, touting Starbucks as "more resilient than many other premium brands" (see how he snuck that "premium" in there? Talk about setting a subconscious benchmark!) and pointing out that he is "encouraged by our ability to drive increased traffic at a relatively low cost, as we did on Election Day" with the
free tall coffee promotion.
Continue reading Starbucks 4Q 2008 earnings: Everybody Hurts ... when there are store closings
Posted Jan 23rd 2008 6:38PM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Forecasts, Bad news, From the boards, Press releases, Products and services, Management, Insiders, Consumer experience, Competitive strategy, eBay (EBAY), Amazon.com (AMZN), Marketing and advertising
Shares of e-commerce giant
eBay Inc. (NASDAQ:
EBAY) are trading around 7% lower in after hours trading today following its
fourth quarter earnings release shortly after the market close.
As I looked at in my
earnings preview, the company has been struggling to keep up with the competition in its auction business. Two key components that have hurt eBay's auction business are (1) raising fees that have left some of the company's long term users looking for other venues to do their business, and (2) large number of fraudulent items on the site.
The company announced that its fourth quarter numbers were actually better than Wall Street had expected, with earnings per share of 45 cents per share, easily topping the
41 cents that analysts had been expecting to see.
Continue reading eBay falls on weak forecast, CEO Meg Whitman steps down
Posted Jan 17th 2008 10:00AM by Michael Fowlkes (RSS feed)
Filed under: Before the bell, Earnings reports, From the boards, Products and services, Competitive strategy, General Electric (GE),
Tomorrow morning before the market opens,
General Electric (NYSE:
GE) will get its chance to impress Wall Street when it reports its fourth-quarter numbers. So far its been a pretty turbulent earnings season, so let's hope that GE can give the market something positive to rally behind.
Going into tomorrow's report, analysts are expecting to see the company show earnings of 68 cents a share, and revenues of $47.2 billion. The last time that the company reported earnings was back on October 12 when it
matched estimates for its third quarter, with earnings of 50 cents.
The stock could definitely use some good news. Over the past three months the stock has been struggling, and as of the close of yesterday's trading session, the stock is trading at $34.56, which is only 1.9% above its 52-week low of $33.90.
Continue reading General Electric (GE) fourth-quarter earnings preview
Posted Jan 4th 2008 7:43PM by Michael Fowlkes (RSS feed)
Filed under: International markets, Earnings reports, Management, Industry, Market matters, Alcoa Inc (AA), Economic data
Update July 7, 2008: Aluminum giant Alcoa Inc. (NYSE: AA) will post second quarter 2008 results after the close on Tuesday, July 8. Read our preview.
Alcoa Inc. (NYSE:
AA) will officially kick off earnings season when it reports its fourth quarter figures Wednesday following the market close.
When we get Wednesday's report, analysts are expecting to see the numbers impacted by a lower dollar and falling metal prices. Estimates for the quarter are running at 39 cents per share. During the fourth quarter last year Alcoa posted earnings per share of 74 cents.
The market can definitely use some positive news from Alcoa when it reports. With this mornings employment data stoking fears of an upcoming recession, the market could definitely benefit from a injection of positive earnings news.
Continue reading Alcoa Q4 earnings preview
Posted Jan 31st 2007 4:37PM by Sarah Gilbert (RSS feed)
Filed under: Earnings reports, Press releases, Starbucks (SBUX)
Analysts expected Starbucks Corporation (NASDAQ:SBUX) to earn 26 cents a share for the fiscal first quarter ended December 31, 2006. Starbucks earned? 26 cents a share. Right on the money.
Not only did we see exactly-met earnings, we also saw a same-store sales growth of a comfortable 6% -- nothing like the 4% that had everyone running scared this fall. Other bullet points on the report included net revenues of $2.4 billion, net earnings of $205 million, an increase of 18% over the year-earlier quarter, and "record quarterly Starbucks Card activations of $287 million" up 30%.
Disappointment hidden on page 2: evidently the bottled Frappuccino coffee drinks and DoubleShot espresso drinks, and the Starbucks ice cream, aren't doing so well; although it had a very small impact on the bottom line it's an interesting sideline to track.
Starbucks investors seemed quite happy, though, sending the stock up sharply in afterhours trading. SBUX closed out the trading day at $34.94, up 38 cents or 1.10%, and was falling a bit before the results; then bounced back up to $35.72, up 2.23% from yesterday's close.
Also check out some other earnings reports that we're following, and let us know your thoughts on earnings expectations.
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