Strong results for Intel (NASDAQ: INTC) came as a surprise to Wall Street; not to tech sector specialist Paul McWilliams, who has been adamant in his forecast that the company would exceed expectations.

In his Next Inning newsletter, designed for the tech-savvy investor. the advisor suggests that the story behind Intel's success is very simple and can be summed up in the expression "x86 everywhere." Here's his assessment.

"To a great extent, Intel's Q2 report proves that Wall Street wasn't only wrong about INTC, but wrong in a big way as to how the tech industry has managed the sharp downturn that unfolded during the last nine or so months.

"While The Street expected tech companies to react as they have in the past by adapting too slowly and stuffing supply channels with tons of inventory, tech companies demonstrated they learned lessons in 2001- 2002 and immediately clamped the supply lines and held back production while channel inventory was digested.

Continue reading Intel (INTC): 'x86 everywhere'

Intel (INTC): 'x86 everywhere' originally appeared on BloggingStocks on Thu, 16 Jul 2009 10:20:00 EST. Please see our terms for use of feeds.

Video-game retailer GameStop Corp. (NYSE: GME) is seeing quite a sell-off in the wake of its first-quarter earnings report. This morning, GME reported net income of $70.4 million, or 42 cents per share, topping year-ago results by a nickel per share and beating analysts' estimates by a penny. Sales were on the upswing as well, gaining 9% to $1.98 billion to match Street expectations (same-store sales dropped 1.5%).

While all seemed fairly well and good for this reporting period, the future isn't quite so bright. Company officials project per-share earnings of 28 to 33 cents, falling considerably shy of the 40 cents expected by analysts. What's more, same-store sales are now projected to drop between 8% and 11%.

Continue reading GameStop shares in fail mode after earnings report

GameStop shares in fail mode after earnings report originally appeared on BloggingStocks on Thu, 21 May 2009 12:30:00 EST. Please see our terms for use of feeds.

On Tuesday, apparel retailer J. Crew Group Inc. (NYSE: JCG) suggested that 2008 income would come in above analyst estimates.

For the full year, the company forecast a profit of $1.85 to $1.87 per share. The consensus estimate of analysts polled by Thomson Financial is for full-year earnings of $1.52 per share. In after-market trading yesterday, J. Crew shares rose $1.36, or 3.2%, to $43.96, and they continued to rise in morning trading to $46.17.

During a presentation to analysts and investors, heavy machinery maker Caterpillar Inc. (NYSE: CAT) forecast that the company's earnings per share will rise 5% to 15%, to between $5.64 and $6.18 per share, and that revenue will climb between 5% and 10% from the $44.96 billion it reported in 2007. On average, analysts polled by Thomson Financial expect profit of $5.89 per share on revenue of $48.2 million.

Caterpillar also said that the company's profit will rise between 15% and 20% from 2005 through 2012, and that sales will approach $60 billion by 2010. Caterpillar shares were up about 4% to $75.59 in morning trading.

Continue reading Earnings forecasts from J. Crew, Caterpillar, and UPS

Earnings forecasts from J. Crew, Caterpillar, and UPS originally appeared on BloggingStocks on Wed, 12 Mar 2008 12:46:00 EST. Please see our terms for use of feeds.

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

• Charles Schwab Corp. (NASDAQ: SCHW) missed earnings estimates but beat revenue expectations.
• Citigroup Inc. (NYSE: C) posted a bigger than expected loss, due to subprime-related write-downs.
• General Electric Co. (NYSE: GE) reported a solid fourth quarter, bringing a hint of optimism to Wall Street.
• JPMorgan Chase & Co. (NYSE: JPM) missed estimates due to consumer lending issues.
• Merrill Lynch & Co. (NYSE: MER) posted a bigger than expected loss due to large write-downs.
• Schlumberger Ltd. (NYSE: SLB) missed expectations due to market conditions and weather factors.
• Sears Holding (NASDAQ: SHLD) lowered its fourth quarter outlook on weak holiday sales.
• State Street Corp. (NYSE: STT) beat expectations, after a subprime-related charge is excluded.
• TD Ameritrade Corp. (NASDAQ: AMTD) net income rose sharply on increased trading activity.
• US Bancorp (NYSE: USB) missed earnings estimates, but is "well capitalized" according to the CEO.
• Washington Mutual Inc. (NYSE: WM) swung to a loss due to the credit crunch, as it had warned.
• Wells Fargo & Co. (NYSE: WFC) reported its lowest quarterly profit in years, as analysts had expected.

See additional earnings highlights. Also, Jim Cramer ponders the ennui of the new earnings season. Peter Cohan mulls whether this will be the worst earnings period for the lending industry since the Great Depression.

Upcoming results to watch for include Bank of America (NYSE: BAC), eBay Inc. (NASDAQ: EBAY), Johnson & Johnson (NYSE: JNJ), Pfizer Inc. (NYSE: PFE), Ford Motor Co. (NYSE: F), Southwest Airlines (NYSE: LUV), AT&T Inc. (NYSE: T), Caterpillar Inc. (NYSE: CAT), and Harley-Davidson Inc. (NYSE: HOG).

Visit AOL Money & Finance for more earnings coverage.

Earnings highlights: Citigroup, GE, Merrill Lynch, Sears, and others originally appeared on BloggingStocks on Sat, 19 Jan 2008 15:10:00 EST. Please see our terms for use of feeds.

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

• Advanced Micro Devices Inc. (NYSE: AMD) had a lackluster quarter due in part to the acquistion of ATI.
• AMR Corp. (NYSE: AMR) posted a larger than expected loss due to rising fuel costs.
• Apple Inc. (NASDAQ: AAPL) shares are hunkered down post-MacWorld but ahead of the Q1 report.
• Genentech Inc. (NYSE: DNA) beat earnings estimates, though its growth is slowing.
• General Motors Corp. (NYSE: GM) forecasts earnings growth on cost-cutting and overseas sales.
• IBM (NYSE: IBM) had an impressive fourth quarter and expects a good 2008 (see transcript).
• Intel Corp.'s (NASDAQ: INTC) solid results failed to impress investors (see transcript).
• Johnson Controls Inc. (NYSE: JCI) posted a solid first quarter, with growth in all divisions.
• New Oriental Educational & Technology Group Inc. (NYSE: EDU) posted disappointing results.
• Novartis AG (NYSE: NVS) profits fell on restructuring costs and increased competition for generics.
• Sony Ericsson beat estimates and is gaining market share in the global cell phone market.
• TJX Companies Inc. (NYSE: TJX) revised its fourth quarter outlook after strong December sales.
• Vignette Corp. (NASDAQ: VIGN) raised its fourth quarter revenue guidance, which buoyed shares.
• Williams-Sonoma Inc. (NYSE: WSM) lowered its guidance on weak holiday sales.

See additional earnings highlights. Also, Jim Cramer ponders the ennui of the new earnings season. Georges Yared is bullish on tech stocks, and big tech executives are bullish as well. Jonathan Berr looks ahead to upcoming big tech reports.

Other upcoming results to watch for include Texas Instruments (NYSE: TXN), eBay Inc. (NASDAQ: EBAY), Motorola Inc. (NYSE: MOT), Qualcomm Inc. (NASDAQ: QCOM), Nokia Corp. (NYSE: NOK), AT&T Inc. (NYSE: T), E*Trade Corp. (NASDAQ: ETFN), and Microsoft Corp. (NASDAQ: MSFT).

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Earnings highlights: Intel, IBM, GM, Apple, AMD, and others originally appeared on BloggingStocks on Sat, 19 Jan 2008 11:10:00 EST. Please see our terms for use of feeds.

Another earnings season crunch has begun, though with a level of uncertainty and ennui, as Jim Cramer and others have pointed out here on BloggingStocks. Several of the big banks are reporting soon, but among other companies reporting this week are Schlumberger Ltd. (NYSE: SLB) and Johnson Controls Inc. (NYSE: JCI). Here is a quick peek at these two companies.

Schlumberger hasn't missed quarterly earnings expectations since 2004. When it reported third-quarter results back in October, its $1.09 earnings per share beat the consensus estimate of analysts surveyed by Thomson Financial by two cents, as well as the actual 81 cents per share in the same period of 2006. For the current quarter, analysts expect earnings of $1.13 per share, or $4.20 for the full year, up from $3.04 in 2006.

Schlumberger's 56.9 percent earnings per share growth forecast for the next three to five years is better than the industry average and the S&P 500. The analysts' consensus recommendation has been to buy Schlumberger for at least six months. The share price rose to a 10-year high of $114.84 in October, but has traded mostly in the $90s since then.

For news that could influence the earnings results, check out BloggingStocks' Schlumberger coverage.

Continue reading Earnings previews: Schlumberger (SLB) and Johnson Controls (JCI)

Earnings previews: Schlumberger (SLB) and Johnson Controls (JCI) originally appeared on BloggingStocks on Mon, 14 Jan 2008 16:23:00 EST. Please see our terms for use of feeds.

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

• Analogic Corp. (NASDAQ: ALOG) easily beat expectations, sending shares higher.
• Ciena Corp. (NASDAQ: CIEN) posted a loss and forecast sales for 2008 below estimates.
• Coca-Cola Enterprises Inc.'s (NYSE: CCE) earnings outlook led shares to a 52-week high.
• Cooper Cos. (NYSE: COO) swung to a loss on acquistion costs and litigation.
• Copart Inc. (NASDAQ: CPRT) beat expectations, sending shares to a new high.
• Costco Wholesale Corp. (NASDAQ: COST) posted a solid quarter, in line with expectations.
• Cost Plus Inc. (NASDAQ: CPWM) posted a smaller-than-expected net loss.
• Fleetwood Enterprises Inc. (NYSE: FLE) narrowed its loss through improved efficiency.
• General Electric Co. (NYSE: GE) reaffirmed its 4Q forecast, but the forward outlook disappointed investors.
• H&R Block Inc. (NYSE: HRB) warned of a deep loss due to the mortgage meltdown.
• Korn/Ferry International (NYSE: KFY) beat estimates and revised its guidance.
• Leap Wireless International Inc. (NASDAQ: LEAP) posted a loss, but share prices rose anyway.
• Lehman Brothers Holdings Inc. (NYSE: LEH) earnings fell for the third quarter in a row.
• Methode Electronics Inc. (NYSE: MEI) beat estimates, spurred by international sales.
• Novell Inc. (NASDAQ: NOVL) swung to a loss, surprising Wall Street.
• Synopsys Inc. (NASDAQ: SNPS) beat expectations and offered guidance.
• Texas Instruments Inc. (NYSE: TXN) raised its guidance for the fourth quarter.

Continue reading Earnings highlights: Costco, GE, H&R Block, Lehman Bros, and others

Earnings highlights: Costco, GE, H&R Block, Lehman Bros, and others originally appeared on BloggingStocks on Sun, 16 Dec 2007 09:40:00 EST. Please see our terms for use of feeds.

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

• Big Lots Inc. (NYSE: BIG) reported a record quarter due in part to improved distribution.
• Blyth Inc. (NYSE: BTH) trounced EPS estimates and raised its guidance.
• ConAgra Foods Inc. (NYSE: CAG) raised its earnings forecast for Q2 on strength in merchandising.
• Donaldson Co. (NYSE: DCI) beat estimates due to strength in international markets.
• J. Crew Group (NYSE: JCG) posted a solid quarter due to strength in both store and direct sales.
• Krispy Kreme Doughnuts Inc. (NYSE: KKD) narrowed its loss, but foresees further store closures.
• Liquidity Services Inc. (NASDAQ: LQDT) posted a strong quarter, benefiting from the sluggish economy.
• Merck & Co. Inc.'s (NYSE: MRK) earnings forecasts for 2007 and 2008 fall short of expectations.
• Netezza Corp. (NYSE: NZ) beat expectations of both earnings and revenue.
• Palm Inc. (NASDAQ: PALM) forecast a loss for the current quarter due to product delays.
• Royal Bank of Scotland's (NYSE: RBS) better-than-expected forecast buoyed European banks.
• SeaChange International (NASDAQ: SEAC) reported a profit when analysts expected a loss.
• Sigma Designs (NASDAQ: SIGM) had a "blowout" quarter, beating even the most optimistic analyst.
• SkillSoft (NASDAQ: SKIL) beat expectations of both earnings and revenue.
• Toll Brothers Inc. (NYSE: TOL) posted a lower-than-expected loss, its first quarterly loss in 21 years.

Also, Brian White looks at how loss of market share contributed to Dell Inc.'s (NASDAQ: DELL) recent results. Both Douglas McIntyre and Jim Cramer mull the effect on the cable industries of Comcast Corp.'s (NASDAQ: CMCSA) lowered guidance. And Target Corp. (NYSE: TGT) is among retailers warning about earnings in the current quarter.

Upcoming results to watch for include: H&R Block (NYSE: HRB), Kroger Co. (NYSE: KR), Costco (NASDAQ: COST), and Lehman Bros. (NYSE: LEH).

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Earnings highlights: Revised forecasts for Merck, Comcast, Target, ConAgra originally appeared on BloggingStocks on Sun, 09 Dec 2007 09:40:00 EST. Please see our terms for use of feeds.