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Earnings expectations: Take-Two, Lululemon, Williams-Sonoma, Toll Bros. and others

Here's a peek at what analysts surveyed by Thomson Financial are expecting from companies scheduled to report quarterly results in the first week of June, 2008.

The following companies are expected to post earnings growth, compared to the same period in the previous year:

Continue reading Earnings expectations: Take-Two, Lululemon, Williams-Sonoma, Toll Bros. and others

Earnings highlights: Ciena, Staples, Intel, Tivo, Trump, Del Monte and others

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

Also, Dell Inc. (NASDAQ: DELL) struggles to maintain profitability against competitor Hewlett-Packard Co. (NYSE: HPQ). See Timothy Sykes's take on Warren Buffett's annual letter to Berkshire Hathaway (NYSE: BRK.A) shareholders. And Zac Bissonnette is interested in where earnings actually come from.

Upcoming results to watch for include Kroger Co. (NYSE: KR), Boston Beer Co. (NYSE: SAM), J. Crew Group Inc. (NYSE: JCG), Jones Soda Co. (NASDAQ: JSDA), Blackstone Group (NYSE: BX), and Men's Wearhouse Inc. (NYSE: MW).

Visit AOL Money & Finance for more earnings coverage.

Thursday earnings recap: GPS, KSS, REV, DELL, NOVL, FRE, AIG, DLM, XMSR

Here are highlights of some other earnings reports from Thursday:

Analyst downgrades: WWE, NVO and NSRGY

MOST NOTEWORTHY: World Wrestling, Novo Nordisk and Nestle were today's noteworthy downgrades:
  • B. Riley downgraded shares of World Wrestling Entertainment (NYSE: WWE) to Neutral from Buy on valuation with the stock only 1% below their target price. However, B. Riley admits shares may move higher during the next 30-35 days, due to the upcoming WrestleMania event in Orlando, FL.
  • Novo Nordisk (NYSE: NVO) was downgraded to Neutral from Buy at Merrill on valuation and a lack of near-term catalysts; shares were also lowered to Peer Perform from Outperform at Bear Stearns.
  • ING lowered Nestle (OTC: NSRGY) to Hold from Buy as they expect organic growth to slow in 2008.
OTHER DOWNGRADES:
  • Banc of America downgraded Paychex (NASDAQ: PAYX) to Neutral from Buy.
  • HSBC downgraded Repsol SA (NYSE: REP) to Neutral from Overweight.
  • Del Monte Foods (NYSE: DLM) was downgraded to Market Perform from Outperform at Wachovia.

Funny bidness: Michael Vick, arm wrestling, free iTunes from God, Acatemy

Nike's (NYSE:NKE) nightmare continues -- The Atlanta Humane Society is accepting donations of Michael Vick-logoed football clothing to use for dog beds, chew toys, and wiping up doggie accidents. I suggest Nike spend whatever it takes to immediately sign up a new spokesperson, Ceasar Milan (The Dog Whisperer).

According to Gamepro, a Japanese arm-wrestling machine used in arcades has been recalled after the machines broke the arms of three human contestants. The maker, Atlus (heh!), claims the machines are so weak that "even women should be able to beat it" (their words, not mine). The game, Air Spirit, allows the player to select his/her opponent from 10 levels, from French maid to professional wrestler.

The Meow Mix (Del Monte, NYSE: DLM) Acatemy in New York is now open. The school helps feline fans connect with their furry friends by teaching their owners how to play, how to cook for their cat, and how to understand the world from its point of view. The school will tour the U.S. over the next few months. Meow Mix also opened the first Café for humans and their cats in NYC in 2005.

According to our sister blog Engadget, the Church by the Glades in Florida has decided that a ticket to heaven is not sufficient reward to draw people to church, so it is sweetening the deal by offering, for a limited time only, some free iTunes (Apple, NASDAQ:AAPL) downloads.

So now an Apple is a good thing? Somebody tell Adam.

Wal-Mart included in pet food recall lawsuit

The pet food recall is still at the top of the consumer radar these days, and we've been waiting for the lawsuits to begin. One of the first efforts is now underway, as a man whose dog passed away from kidney failure has filed suit against Wal-Mart Stores (NYSE: WMT), Menu Foods (an ingredient supplier blamed for the recall) and Del Monte.

This was to be expected, but I am surprised that Wal-Mart was included in the suit. Being a distributor of products, in most cases, should absolve one of liability unless the product is not removed from shelves after notification from vendors and suppliers. Perhaps this was the case with Wal-Mart. If so, the retailer deserves to be included here.

The same argument could be made for Google Inc. (NASDAQ: GOOG), which is sued routinely for making certain information available through its search engine. Apparently, being a "distributor" of information means legal liability, which is nonsense. This kind of thinking moves the responsibility from the creator of a service or product into the realm of the middleman. Is this right? Well, it can be -- it's all in the details of each case. In the Wal-Mart case, the charges include language like "failed to prevent the distribution of tainted pet foods after the discovery of contaminated wheat gluten in their ingredients." If true, then Wal-Mart's inclusion makes sense.

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