Discount retailer Family Dollar Stores Inc. (FDO) reported its fiscal second quarter results this morning, topping analyst estimates and sending the stock higher in premarket trading.
For the quarter, Family Dollar reported it earned 98 cents per share, topping analyst estimates by a penny. During the same period last year, the company earned 81 cents per share.
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FeedFamily Dollar Earnings Top Estimates, Sending Shares Higher
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AutoZone Drives Home Great Q2 Results
Auto parts retailer AutoZone Inc. (AZO) reported its fiscal second quarter results this morning, and the stock is trading up nicely after the company easily beat analyst estimates for the period.As we noted in our earnings preview yesterday, analysts had been expecting to see the company post earnings of $3.06 per share. AutoZone shattered analyst estimates with reported earnings of $3.34 a share.
Chico's FAS Soars Despite Earnings Miss
Shares of women's clothing retailer Chico's FAS Inc. (CHS) traded sharply higher Wednesday morning, despite missing its earnings estimate by one penny before the market opened.
Going into this fourth-quarter earnings report, analysts had been expecting to see earnings of $0.13 per share, but the company came up a bit shy at just $0.12.
Capital One Reports Strong Q4 Results, Shares Slide
Financial giant Capital One (COF) is trading slightly lower in after hours trading despite crushing analyst estimates for its fourth quarter after today's market close.As we noted in our earnings preview, analysts had been expecting to see Capital One post earnings of $1.27 per share, but the company easily surpassed analyst forecasts by reporting earnings of $1.52 per share for the quarter.
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Seagate Technology Earnings Meet Expectations
After the closing bell sounded Wednesday, Seagate Technology (STX) reported its second-quarter results. The tech firm announced that it logged non-GAAP earnings of 33 cents per share ($159 million). The firm's earnings of 33 cents per share matched the consensus estimate, as did the firm's quarterly revenue of $2.72 billion.
STX also reported its performance during the six-month period that ended on Dec. 31, 2010. During this time, the firm's GAAP basis revenue was $5.4 billion, gross margin was 19.9%, net income totaled $299 million, and diluted earnings hit 61 cents per share.
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Oracle Shares Soar Following Strong Earnings Report
Share of Oracle Corporation (ORCL) are up sharply in after hours trading following this afternoon's fiscal second quarter earnings report.
As we noted in our earnings preview earlier today, analysts had been expecting to see Oracle report Q2 earnings of $0.46 per share. Actual earnings came in above expectations at $0.51 per share, excluding special items.
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Campbell Soup Reports Disappointing Earnings
Campbell Soup (CPB) reported its fiscal first quarter results Tuesday morning, and the stock was trading lower after the company's quarterly earnings came in under expectations.
Headed into this earnings report, analysts had been expecting to see the company report $0.83 per share, but the Campbell's came up a little short, reporting actual earnings of $0.82.
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What's Behind the Leak of Disney's Earnings Report?
Thursday, the company I fondly call the House of Mouse -- Walt Disney (DIS) -- released fourth-quarter earnings that eventually pushed the stock lower.
I am not as interested in the earnings results as I am in the news that my colleague Steven Mallas touched on in the first paragraph, the earnings were released earlier than expected. The company was supposed to report the earnings after the closing bell sounded, but the results were leaked nearly 30 minutes ahead of the final bell.
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Anadarko Petroleum Trades Lower Following Earnings
Shares of oil and gas company Andarko Petroleum Corporation (APC) are trading lower in after hours trading after the company reported lower than expected earnings for its third quarter.
Heading into this afternoon's earnings report, analysts had been expecting to see the company report earnings of $0.28 per share. Actual earnings were under the mark, at an adjusted $0.21 per share.
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Sunoco Turns a Quarterly Profit, Misses Expectations
Friday morning, U.S. oil refiner Sunoco (SUN) announced that it logged a third-quarter profit rather than a loss like last year's results.
Sunoco pulled in 54 cents per diluted share ($65 million) in the most recent quarter, better than the loss of 29 cents per share from a year ago. On an adjusted basis, Sunoco earned 22 cents per share. The stronger results were attributed to an improvement in earnings from the steel-making coal and logistics businesses.
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American Express Trades Lower Following Earnings Report
Shares of financial giant American Express (AXP) are trading lower in after hours trading despite a stronger than expected earnings report for its third quarter.
Going into this afternoon's earnings report, analysts had been expecting to see American Express announce earnings of $0.86 per share, while actual earnings came in above estimates at $0.90 per share.
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Apple (AAPL): Higher Price Targets Still Ahead
"After trading higher following its past nine quarterly earnings reports, investors finally found a reason to be disappointed in Apple (AAPL); however, despite the negative investor reaction, it was still an outstanding quarter from the tech giant," says Geoffrey Seiler.
The editor of BullMarket.com report, "Apple reported a fiscal Q4 profit of $4.31 billion, or $4.64 a share, up 70% from $2.53 billion, or $2.77 cents a share, a year ago. Revenue soared 67% to $20.3 billion. The results easily surpassed the analyst consensus of $4.08 in EPS on sales of $18.9 billion.
"One area of contention with investors was gross margins, which fell to 36.9% from 41.8% a year ago. Analysts were looking for gross margins of 38.1%. However, gross margins were 190 basis points above Apple's own guidance.
Continue reading Apple (AAPL): Higher Price Targets Still Ahead
General Mills Profit Rises as Cereal, Organic Products Sales Grow
Bright and early this morning, General Mills (GIS) served up a heaping bowl of earnings for investors and analysts to digest while eating their breakfast. The company announced that stronger sales in cereal as well as organic and natural product pushed its first-quarter earnings 12% higher. For the most recent quarter, GIS raked in 70 cents per share -- better than last year's earnings of 62 cents per share. GIS's adjusted earnings came in at 64 cents per share, topping the consensus estimate by a penny. As for revenue, the $3.53 billion for the quarter was better than a year ago but just shy of the consensus estimate of $3.57 billion.
Continue reading General Mills Profit Rises as Cereal, Organic Products Sales Grow
Pitney Bowes Sells Off Following Disappointing Earnings
Shares of business equipment supplier Pitney Bowes (PBI) sold off sharply in after- hours trading, after the company posted disappointing earnings for its second quarter after the market close.Going into Tuesday's report, analysts had been expecting to see earnings of 57 cents, but the company disappointed to the downside with a reported 48 cents per share. During the same period last year the company had earnings of 55 cents per share.
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Google Second-Quarter Earnings Preview
Internet giant Google Inc. (GOOG) will be reporting its second-quarter earnings after the market close on Thursday. Analysts are expecting to see Google report earnings of $6.59 per share. For the same period last year the company had earnings of $5.36.If the recent past is any indication, we could see another estimate-topping quarter for the company. Google has been able to outpace analyst estimates for each of the past seven quarters.
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