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Earnings highlights: Campbell, Deere, Dollar Tree, Hewlett-Packard, J. Crew, Tiffany ...

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

  • American Eagle Outfitters Inc. (AEO) Q3 results were so-so, and it declined to offer a Q4 outlook.
  • Benihana Inc. (BNHNA) was downgraded following its weaker-than-expected Q2 results.
  • Campbell Soup Co. (CPB) reported better-than-expected Q1 earnings revenue fell short of estimates.
  • Deere & Co. (DE) Q4 earnings easily topped low expectations and its cash flow is strong.
  • Dollar Tree Inc. (DLTR) strong Q3 numbers topped the Street view and it offered Q4 and full-year guidance.
  • Eastman Chemical Co. (EMN) earnings prospects led one analyst to upgrade the stock.

Continue reading Earnings highlights: Campbell, Deere, Dollar Tree, Hewlett-Packard, J. Crew, Tiffany ...

Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)

Today started out strong and stayed positive all day, even if some commented that the highs were not held. The weak dollar helped commodities and helped stocks. A 10.1% October sales rise by the National Association of Realtors by those trying to get the home buyer tax credit didn't hurt either. Ditto for a reiteration that the recession is over.

Here were today's unofficial closing bell levels:

Dow 10,450.04 +131.88 (1.28%)
S&P 500 1,106.13 +14.75 (1.35%)
Nasdaq 2,175.96 +29.92 (1.39%)

Top Day Trader Alerts
Top 10 Analyst Calls
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Continue reading Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)

The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.

Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the same period of last year. But revenue is expected to total $6.9 billion, or 4.3% less than a year ago. The full-year forecast is for a profit of $0.25 per share (-16.7) on $26.4 billion (-3.9%) in sales. This dividend payer has offered upside surprises in the past two quarters, topping estimates by 11 cents per share in the third quarter.

Continue reading The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...

Tech Data (TECD): IT distribution in over 100 countries

A big problem for distributors is how to keep prices at levels that will allow their clients to effectively do business with end users. There is an information technology provider in Clearwater, Florida that doubtless believes it's a matter of scale. The firm is the second-largest distributor of computer products in the world.

Tech Data Corporation (NASDAQ: TECD) is a leading distributor of IT products, with more than 90,000 customers worldwide. The firm sells microcomputer systems, peripherals, networking equipment and software products to resellers, direct marketers and retailers. In addition, the company provides training, technical support, external financing options and configuration services. Suppliers include Alcatel-Lucent (NYSE: ALU), Apple Inc. (NASDAQ: AAPL), Cisco Systems (NASDAQ: CSCO), Hewlett-Packard (NYSE: HPQ), International Business Machines (NYSE: IBM), Intel (NASDAQ: INTC) and Microsoft (NASDAQ: MSFT).

Tech Data pleased investors last week, when it announced Q2 EPS of 50 cents and revenues of $5.61 billion. Analysts had been looking for 30 cents and $5.3 billion. The CEO attributed the successful quarter to "very strong" revenue growth in the Americas and a "significant turnaround" in Europe. Management also guided Q3 revenues to $5.75-5.90 billion ($5.67 billion consensus).

Continue reading Tech Data (TECD): IT distribution in over 100 countries

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: 12:38 AM

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