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Dow Chemical's profit drops 97% but tops expectations

Posted Apr 30th 2009 8:40AM by Mark Fightmaster (RSS feed)
Filed under: Before the bell, Earnings reports, Dow Chemical (DOW)

When is a 97% drop in profit not necessarily a bad thing? Well, when the company still manages to top expectations of course. This unlikely scenario has unfolded for Michigan-based chemical firm Dow Chemical (NYSE: DOW).

Let's deal with the 97% profit drop first. This massive fall was triggered by falling sales, job cuts and the company's acquisition of Rohm & Haas, a specialty chemicals firm that Dow took over.

Continue reading Dow Chemical's profit drops 97% but tops expectations

JoS A. Bank Clothier logs an impressive fiscal year

Posted Apr 8th 2009 10:50AM by Mark Fightmaster (RSS feed)
Filed under: Earnings reports, Good news

Mens' clothing retailer JoS A. Bank Clothiers (NASDAQ: JOSB) announced its fiscal-year profit this morning -- logging rather impressive earnings of $3.17 per share. A year ago, JOSB reported earnings of $2.72 per share. This year's results were also 10 cents better than what the Street expected. Yearly net sales increased to $695.9 million, up from $604 million a year ago.

Many may find it difficult to believe that a clothing retailer could have a better year this year than last, what's the deal? One reason could be that JOSB delivers quite a bit of value for the dollar. For those not familiar with the company, men can purchase a complete "work-appropriate" outfit for less than $400 (from the suit jacket to the socks).

Continue reading JoS A. Bank Clothier logs an impressive fiscal year

Liveblogging Deere & Co. (DE)'s third quarter conference call

Posted Aug 15th 2007 9:48AM by Michael Fowlkes (RSS feed)
Filed under: Major movement, Earnings reports, Good news, Live coverage, Deere and Co (DE)

This morning Deere & Co. (NYSE: DE) reported record earnings for its fiscal third quarter. The company had been expected to show earnings of $1.99 per share, but actually was able to come though with $2.37 a share during the quarter.

Much of this recent quarter's success was a result of strong international sales which helped offset lower sales in the United States. Shares of Deere have started off the day strongly, picking up 3.3% to climb to $120.92 up $3.83 a share.

The company is going to be hosting a conference call starting at 10:00 AM EDT to discuss the quarter in more detail, and we will be covering the call in its entirety. Be sure to refresh your page often as updates will coming often.

9:50 am - Getting ready for this mornings call to get started. We should be under way in about 10 more minutes. Stay tuned.

9:58 am - We should be getting started here in another couple minutes

10:01 am - getting started now, just going through the disclosure statements at this time

10:03 am - Going over quarter results now:
  • net sales and revenue rose 6% year over year
  • net sales rose 5%
  • income from continuing operations saw a 23% jump year over year

Continue reading Liveblogging Deere & Co. (DE)'s third quarter conference call

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 27, 2009: 08:03 PM

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