Dress Barn (NASDAQ: DBRN), a retailer that specializes in casual fashion, issued results for the fourth quarter on Wednesday after the bell. Net sales increased 4%, and adjusted income came in at 39 cents per diluted share versus 34 cents per diluted share one year ago.

The growth rates weren't all that notable, but Dress Barn, which counts Kohl's (NYSE: KSS) as a colleague, beat estimates, according to Reuters. The call was for 37 cents per share. The top line essentially met expectations.

Continue reading Dress Barn beats in Q4, but Tween Brands transaction dominates the story

Dress Barn beats in Q4, but Tween Brands transaction dominates the story originally appeared on BloggingStocks on Thu, 17 Sep 2009 09:30:00 EST. Please see our terms for use of feeds.

Last week, JA Solar Holdings Co. Ltd. (NASDAQ: JASO) posted a quarterly loss and lowered its guidance. But as interest in alternative energy continues to grow, analysts polled by Thomson Financial are still looking for good things from solar energy concerns scheduled to report earnings this week.

Strong growth at Trina Solar Ltd. (NYSE: TSL) in the third quarter prompted it to lift its guidance back in October. Analysts expect the Chinese company to post profits that are 76.3% higher than a year ago, or $1.18 per share on revenues of $268.4 million (+225.0%). Though Trina Solar missed estimates in the second quarter, analysts on average recommend buying TSL. Shares are down 81.4% from a year ago and trading near an all-time low.

Earnings of rival LDK Solar Co. Ltd. (NYSE: LDK) are expect to have risen 47.9% to $0.71 per share on revenues of $486.7 million (+206.6%). Also based in China, LDK has not missed estimates in recent quarters; in fact, it blew past expectations in the second quarter. Yet the consensus recommendation is to hold LDK. Like Trina Solar, LDK's shares are trading near an all-time low; the share price has fallen 50.0% in the past year.

Analysts anticipate third-quarter earnings for Canadian Solar Inc. (NASDAQ: CSIQ) to be a whopping 96.3% higher than a year ago, or $0.54 per share on revenues of $248.0 million (+154.5%). The company easily topped estimates in the previous quarter. ReneSola Ltd. (NYSE: SOL) and Suntech Power Holdings Co. Ltd. (NYSE: STP) are also expected to report earnings growth of 29.7% ($0.37 per share) and 23.8% ($0.42 per share), respectively. All three of these stocks reached 52-week lows last week, and all are considered buys.

Continue reading The week in preview: High hopes for solar, not so much for home improvement

The week in preview: High hopes for solar, not so much for home improvement originally appeared on BloggingStocks on Sun, 16 Nov 2008 12:30:00 EST. Please see our terms for use of feeds.

Rival home improvement chains Home Depot Inc. (NYSE: HD) and Lowe's Companies Inc. (NYSE: LOW) are scheduled to report quarterly results this week. Not surprisingly, given the ongoing housing slump, analysts surveyed by Thomson Financial on average expect both companies to post earnings lower than in the same period a year ago. For Home Depot, that's 61 cents per share, down 20.8%, and for Lowe's, 56 cents per share, down 16.4%. Meanwhile, cabinet maker American Woodmark Corp. (NASDAQ: AMWD), for whom Home Depot and Lowe's are major distributors, is also expected to report lower earnings: 11 cents per share, down 67.6%.

The presidential campaigns have prompted much discussion of energy policy and alternative energy sources. Some solar-energy-related concerns are scheduled to report this week, and expectations seem to be high. Trina Solar Ltd. (NYSE: TSL) is expected to report 81 cents per share earnings, up 67.9%; ReneSola Ltd. (NYSE: SOL) is expected to post earnings of 32 cents per share, up 62.5%; and Suntech Power Holdings Co. (NYSE: STP) is expected to have earnings of 32 cents per share, up 21.9%. Even China Sunergy Co. Ltd. (NASDAQ: CSUN) is expected to have swung to a profit of 3 cents per share, from a per-share loss of 14 cents a year ago.

Continue reading The week in preview: Expectations for home improvement, tech, apparel

The week in preview: Expectations for home improvement, tech, apparel originally appeared on BloggingStocks on Sun, 17 Aug 2008 12:30:00 EST. Please see our terms for use of feeds.

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

• Agilent Technologies Inc. (NYSE: A) beat Q2 expectations and offered Q3 and full-year guidance.
• Barnes & Noble Inc. (NYSE: BKS) widened its Q1 loss but maintained its full-year profit forecast.
• Campbell Soup Co. (NYSE: CPB) Q3 profit rose due to the sale of Godiva, but shares tumbled.
• Fluor Corp. (NYSE: FLR) beat Q1 expectations and offered rosy full-year guidance.
• Gamestop Corp. (NYSE: GME) posted record Q1 earnings but offered weak Q2 and full-year guidance.
• Hewlett-Packard Co. (NYSE: HPQ) posted strong Q2 results in the wake of its announced EDS acquistion.
• Hot Topic Inc. (NASDAQ: HOTT) Q1 loss widened due to declines in same-store sales.
• Kenexa Corp. (NASDAQ: KNXA) beat Q1 expectations and raised its full-year guidance.
• Medtronic Inc. (NYSE: MDT) posted flat Q4 earnings despite strong sales, and missed full-year estimates.
• Napster Inc. (NASDAQ: NAPS) narrowed its loss and exceeded analysts' Q1 epectations.
• Ross Stores Inc. (NYSE: ROST) Q1 profits rose on same-store growth and a real estate settlement.
• Staples Inc. (NASDAQ: SPLS) swung to a modest Q1 profit after two quarterly losses.
• Target Corp. (NYSE: TGT) Q1 profits slipped but came in ahead of analysts' estimates.
• Tween Brands Inc. (NYSE: TWB) Q1 profit was hurt by a one-time charge but still beat expectations.

Additional earnings highlights:
Home Depot, Gap, Lenovo, Air France, Activision, Suntech and others
Ford, Hormel, Limited Brands, Intuitive Surgical, PetSmart and others

Upcoming results to watch for include Borders (NYSE: BGP), Polo Ralph Lauren (NYSE: RL), TiVo (NASDAQ: TIVO), Big Lots (NYSE: BIG), Costco (NASDAQ: COST), Dell (NASDAQ: DELL), HJ Heinz (NYSE: HNZ), Sears (NASDAQ: SHLD), Lions Gate (NYSE: LGF), and Tiffany (NYSE: TIF).

Visit AOL Money & Finance for more earnings coverage.

Earnings highlights: Hewlett-Packard, Target, Barnes & Noble, Campbell, Staples and others originally appeared on BloggingStocks on Sat, 24 May 2008 14:40:00 EST. Please see our terms for use of feeds.

First quarter results for apparel retailers reporting earnings on Wednesday were mixed, as consumers continue to scale back their spending.

Talbots Inc. (NYSE: TLB) first-quarter profit dropped 69% to 3 cents per share, hurt by noncore operations and restructuring charges. Same-store sales fell 9.8% during the quarter, and revenue fell 5% to $542.4 million, which missed the estimates of analysts polled by Thomson Financial. Shares rose 6% Wednesday to $7.88.

Hot Topic Inc. (NASDAQ: HOTT) first-quarter loss widened to 3 cents per share due to a 2.8% drop in same-store sales. Revenue rose 1.1% to $159 million. Analysts had expected a loss of 4 cents per share on $159.3 million in revenue. Shares fell 13 cents, or 2.6%, to $4.84.

Tween Brands Inc. (NYSE: TWB) first-quarter profit declined on a hefty charge, but results still topped Wall Street expectations. Adjusted earnings per share were 21 cents, and revenues rose to $251.7 million. Analysts had expected 16 cents in earnings per share and sales of $242 million. Total same-store sales decreased 1%. Shares fell more than 10% to $19.20, but rebounded 7.5% in after-hours trading.

Continue reading Wednesday's retail apparel Q1 earnings were mixed

Wednesday's retail apparel Q1 earnings were mixed originally appeared on BloggingStocks on Wed, 21 May 2008 18:40:00 EST. Please see our terms for use of feeds.

There is virtually no end of shops offering fashions for young women and the number of stores catering to the older crowd is on the rise, but where do you go for haute couture and you are eight? There is an outfit headquartered in New Albany, Ohio that has an answer.

Tween Brands (NYSE: TWB) is a specialty retailer that features apparel for tween girls (ages 7-14). The stores also carry such items as purses, watches, backpacks, jewelry, footwear, bedroom furnishings and age-appropriate cosmetics. The firm operates 583 Limited Too shops and 221 Justice outlets, in 46 states. It was spun off from former parent, Limited Brands (NYSE: LTD), in 1999.

The company pleased investors earlier in the month, when it boosted earnings forecasts on the basis of quarter-to-date operating results and expected benefits from a newly authorized stock repurchase program. Management now sees Q3 EPS of 43-47 cents (42 cent consensus), Q4 EPS of $1.03-$1.13 (97 cent consensus) and FY08 EPS of $1.84-$1.98 ($1.84 consensus). Susquehanna Financial subsequently upgraded the stock to "positive" and Friedman Billings reiterated its "outperform" rating. The news popped the shares out of an early September "cup" into the mid-September "handle" of a Cup & Handle formation. The price is now showing signs of completing the pattern with a bullish rise from the right-hand side of the "handle."

Continue reading Tween Brands (TWB) boosts forecast

Tween Brands (TWB) boosts forecast originally appeared on BloggingStocks on Thu, 27 Sep 2007 11:48:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Bear Stearns believes Ford Motor Company (NYSE: F) could also benefit from similar deal to General Motors Corporation's (NYSE: GM) potential VEBA healthcare restructuring with the UAW. The firm upgraded Ford shares to Outperform from Peer Perform.
  
• Advanced Micro Devices (NYSE: AMD) was upgraded to Neutral from Underweight at JP Morgan. The firm expects AMD's Barcelona server chip will help close the gap vs. Intel Corporation (NASDAQ: INTC).
  
• Citigroup upgraded shares of Brocade Communications Systems (NASDAQ: BRCD) to Buy from Hold and added the stock to their Global Tech Conviction List on expectations for market share gains and margin upside in 2008.
  
• Thomas Weisel upgraded shares of Netflix Inc (NASDAQ: NFLX) to Overweight from Market Weight, citing reduced pressure from competitor Blockbuster Inc (NYSE: BBI), which could lead to upside in subscribers.
  
• Needham upgraded shares of Equinix (NASDAQ: EQIX) to Buy from Hold to reflect improving fundamentals and potential upside from the IXEurope acquisition.

• UBS upgraded shares of Sun Healthcare Group (NASDAQ: SUNH) and CSX Corporation (NYSE: CSX) to Buy from Neutral.
  
• Susquehanna raised Tween Brands Inc (NYSE: TWB) to Positive from Neutral.
  
• FTN Midwest upgraded Hudson City Bancorp (NASDAQ: HCBK) to Buy from Neutral.
  
• Bebe Stores (NASDAQ: BEBE) was upgraded to Outperform from Market Perform at Wachovia.

Analyst upgrades: F, AMD, BRCD, NFLX and EQIX originally appeared on BloggingStocks on Mon, 17 Sep 2007 11:10:00 EST. Please see our terms for use of feeds.