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Big Lots tops expectations, boosts full-year forecast

Posted May 28th 2009 9:40AM by Mark Fightmaster (RSS feed)
Filed under: Earnings reports

Early this morning, discount retailer Big Lots (NYSE: BIG) reported first-quarter earnings of 44 cents per share. These results are up from 42 cents a year ago, and are four cents better than the consensus estimate. BIG tallied quarterly sales of $1.14 billion, down from $1.15 billion a year ago. Comparable-store sales slipped 0.5% during the quarter.

BIG forecast second-quarter earnings of 26 to 32 cents per share. On average, analysts expected 30 cents per share. This outlook assumes that BIG's same-store sales will fall 1% to 3% during the quarter.

Continue reading Big Lots tops expectations, boosts full-year forecast

Wells Fargo issues an early earnings surprise, boosting the market

Posted Apr 9th 2009 9:00AM by Mark Fightmaster (RSS feed)
Filed under: Earnings reports, Wells Fargo (WFC)

Wells Fargo (NYSE: WFC) is set to report earnings on April 22, but the bank stated this morning that it expects to report first-quarter income of nearly $3 billion. WFC's preliminary first-quarter earnings are 55 cents per share, compared to 60 cents per share a year ago. These figures are after "preferred dividends," which include $372 million in dividends paid to the government - these charges are taken into account.

The early reports of earnings of 55 cents per share are far better than the consensus estimate for 31 cents per share. WFC added that total revenue for the quarter should be $20 billion.

Continue reading Wells Fargo issues an early earnings surprise, boosting the market

Tiffany earnings shine bright

Posted Nov 30th 2007 9:13AM by Eliza Popescu (RSS feed)
Filed under: Before the bell, Major movement, Earnings reports, Forecasts, Good news, From the boards, Press releases, Competitive strategy, Tiffany and Co (TIF)

Shares of Tiffany and Co. (NYSE: TIF) are trading up 4.6% in the premarket following this morning's third quarter earnings release.

The company reported earnings of 71 cents per share. As I had discussed last night in my earnings preview, analysts had only been expecting to see the jewelry and luxury goods retailer show earnings of 25 cents per share. Included in the company's figures were 48 cents per share related to the sale-leaseback of the company's Tokyo flagship store. Excluding that, profit was 23 cents.

The company posted an 18% jump in sales during the quarter, helped by 9% increase in same-store sales.

Looking ahead to the company's full year numbers, Tiffany boosted its outlook from $2.22 to $2.27 per share upwards to a range of $2.25 to $2.30 per share.

Shares are currently trading up $2.25 to $51.00.

[photo : hazydz]

Eliza Popescu is a financial writer for the online investment advisory service Investor's Observer.

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Last updated: November 25, 2009: 10:34 PM

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