It is shaping up to be a very rough day for Electronic Arts (ERTS), as the company has lowered its full-fiscal-year guidance for a second time in two months.

Electronic Arts expects to report a loss of $1.94 to $2.24 per share, which is far greater than the earlier-estimated loss of $1.20 to $2.05 per share. Revenue is now expected to total $3.6 billion to $3.68 billion, a narrower range than the previously forecast $3.6 billion to $3.9 billion. Taking one-time charges out of the equation, Electronic Arts expects earnings of 40 to 55 cents per share compared to its earlier forecast for 30 cents to a dollar per share. Furthermore, Electronic Arts estimated a third-quarter loss of 24 cents to 32 cents per share on revenue of $1.23 billion to $1.25 billion.

Continue reading Electronic Arts Lowers Its Full-Year Forecast ... Again

Electronic Arts Lowers Its Full-Year Forecast ... Again originally appeared on BloggingStocks on Tue, 12 Jan 2010 12:20:00 EST. Please see our terms for use of feeds.

Continue reading FedEx ups its second-quarter estimate

FedEx ups its second-quarter estimate originally appeared on BloggingStocks on Tue, 08 Dec 2009 09:30:00 EST. Please see our terms for use of feeds.

Shares of The Boston Beer Company (NYSE: SAM) surged to a new 52-week high Friday morning, after the brewmaster reported a third-quarter profit of $10.4 million, or 72 cents per share, on revenue of $108.7 million. The company swung to a loss of 2 cents per share in the third quarter of 2008, but attributed its turnaround to strong shipments and decreased advertising expenses.

The results were better than analysts expected, with consensus estimates calling for Boston Beer to bank a profit of 39 cents per share on $107.5 million. Looking forward, Boston Beer now expects full-year earnings of $1.75 per share to $2.05 per share, a marked increased from its prior forecast for a 2009 profit of $1.40 per share to $1.70 per share.

Continue reading Boston Beer blows away 3Q expectations, hikes 2009 forecast

Boston Beer blows away 3Q expectations, hikes 2009 forecast originally appeared on BloggingStocks on Fri, 06 Nov 2009 12:20:00 EST. Please see our terms for use of feeds.

Traders initially seemed thrilled with Wednesday's third-quarter earnings report from Lumber Liquidators (NYSE: LL), but the stock then backpedaled into the red. The retailer banked a quarterly profit of $7.8 million, or 28 cents per share, up from its year-ago net income of $5.5 million, or 20 cents per share. Revenue for the period surged 14% to $140.5 million. The results comfortably outpaced analysts' consensus estimates, which called for a profit of 24 cents per share on $137.1 million in revenue.

Looking ahead, Lumber Liquidators is forecasting full-year revenue of $535 million to $543 million, up from its previous guidance of $528 million to $538 million. Earnings for fiscal 2009 are expected to range between 90 cents and 95 cents per share, compared to the retailer's previous forecast of 85 cents to 91 cents per share. Wall Street, on average, is expecting full-year earnings of 90 cents per share on $537.1 million.

Continue reading Lumber Liquidators rises, then falls, after solid 3Q report

Lumber Liquidators rises, then falls, after solid 3Q report originally appeared on BloggingStocks on Wed, 04 Nov 2009 12:00:00 EST. Please see our terms for use of feeds.

Rite Aid Corp. (NYSE: RAD) wallowed in the red Thursday morning, after the drugstore chain disappointed Wall Street with its second-quarter earnings and full-year guidance.

Rite Aid said its quarterly loss narrowed to $116 million, or 14 cents per share, while revenue dwindled 2.7% to $6.3 billion. Same-store sales dipped 1.1%, while gross margin contracted from 27.4% to 26.7%.

Continue reading Rite Aid plunges after slashing full-year outlook

Rite Aid plunges after slashing full-year outlook originally appeared on BloggingStocks on Thu, 24 Sep 2009 11:40:00 EST. Please see our terms for use of feeds.

Continue reading Stanley Works' lowered 2008 EPS guidance is another bearish signal for U.S. economy, market

Stanley Works' lowered 2008 EPS guidance is another bearish signal for U.S. economy, market originally appeared on BloggingStocks on Thu, 11 Dec 2008 17:45:00 EST. Please see our terms for use of feeds.

Coal-mining concern Alpha Natural Resources (NYSE: ANR) is trading sharply lower today after cutting its full-year earnings and production forecasts. Due to lower coal demand from steelmakers, ANR now expects net income of $175 million to $185 million for fiscal 2008. Previously, the commodity firm predicted full-year earnings of $230 million to $270 million.

As a result of waning demand, shipments of metallurgical coal will be reduced by about 500,000 tons in the fourth quarter. Going forward, ANR stated, "the outlook for metallurgical coal sales shipments and pricing will remain uncertain until such time as the financial markets begin improving and economic activity shows tangible signs of recovery."

Additionally, Alpha said it will close its mining operations at West Virginia's Whitetail Kittanning mining complex. The company is citing "adverse geologic conditions and regulatory requirements" for the shutdown, which will occur at the end of December. A total of 329 employees will be affected by the closure.

Continue reading Alpha Natural Resources slashes full-year outlook on weak coal demand

Alpha Natural Resources slashes full-year outlook on weak coal demand originally appeared on BloggingStocks on Wed, 03 Dec 2008 12:15:00 EST. Please see our terms for use of feeds.

Continue reading Aren't stocks cheap now? Yes, but...

Aren't stocks cheap now? Yes, but... originally appeared on BloggingStocks on Thu, 13 Nov 2008 13:46:00 EST. Please see our terms for use of feeds.

TJX Cos.

Continue reading TJX Cos. 3Q earnings fall short of expectations, but future guidance looks bright

TJX Cos. 3Q earnings fall short of expectations, but future guidance looks bright originally appeared on BloggingStocks on Tue, 13 Nov 2007 12:51:00 EST. Please see our terms for use of feeds.