Juniper Networks (JNPR) is on the upswing, with the stock catching a 6% boost Wednesday morning on the heels of a well-received fourth-quarter earnings report. Juniper reported a quarterly profit of $190.2 million, or 35 cents per share, substantially improved from its year-ago results of $22.9 million, or 4 cents per share. Excluding items, earnings improved to 42 cents from 32 cents per share on a year-over-year basis.

Meanwhile, revenue for the quarter increased 26% to $1.19 billion. Gross margin retreated slightly, falling to 66.6% from 67.1%.

Green Mountain Coffee Roasters (GMCR) has taken a drastic dive, with the stock staging a bearish gap with the sound of Friday's opening bell. Thursday night, the company unveiled its fiscal fourth-quarter results, and also confessed to a disappointing outlook for the first quarter.

Specifically, Green Mountain said it banked a fourth-quarter profit of $27 million, or 20 cents per share, up from its year-ago earnings of $14.1 million, or 12 cents per share. Sales for the quarter climbed 73% to $373.1 million. The results fell roughly in line with Wall Street's expectations, which called for a profit of 20 cents per share on revenue of $359.2 million.

Diamond Foods (DMND) was on the upswing Thursday, as traders cheered the company's latest earnings report. Diamond said it banked a fiscal first-quarter profit of $14.2 million, or 64 cents per share. Excluding items, earnings arrived at 65 cents per share, while revenue increased 40% to $252.6 million.

The results comfortably exceeded Wall Street's expectations, which called for a profit of 60 cents per share on revenue of $239.8 million.

The Mosaic Company (MOS) is slated to take its turn on the earnings stage after Monday's closing bell, with the agricultural chemical concern set to unveil its fiscal first-quarter results.

Analysts surveyed by Thomson Reuters are anticipating a profit of 72 cents per share, substantially higher than the company's year-ago earnings of 23 cents per share. Mosaic has a dismal history in the earnings spotlight, having fallen short of Wall Street's consensus profit expectations in three of the past four quarters.

Isle of Capri Casinos (ISLE) took a nosedive right out of the gate Tuesday morning, as traders reacted to the gaming guru's surprise first-quarter loss. Ahead of the open, Isle of Capri confessed that it lost $2.7 million, or 8 cents per share, during the first quarter, down from its year-ago profit of $0.9 million, or 3 cents per share. Revenue for the quarter backpedaled 2.3% to $251.9 million.

Analysts were expecting a much stronger earnings report from Isle of Capri, with Thomson Reuters noting that the average forecast called for a profit of 11 cents per share on $262.5 million in revenue.

Bookseller Barnes & Noble (BKS) is slated to take its turn in the earnings spotlight before the opening bell Tuesday, Aug. 24. It's not exactly business as usual for Barnes & Noble, though -- with a proxy battle waging between Chairman Leonard Riggio and activist investor Ron Burkle, there's going to be an unusually harsh media glare on the quarterly results.

Of course, it's not just the financial media who will be eager to get a glimpse at Barnes & Noble's performance. Investors will also be chomping at the bit ahead of the firm's annual meeting, because Burkle has proposed a slate of three nominees for the retailer's board, and Riggio's seat is among those up for reelection. As Reuters' Phil Wahba explained it on Friday, "the extent of the damage is likely to affect who shareholders vote for at next month's annual meeting."

Retailer J. Crew Group (JCG) is scheduled to take its turn in the earnings spotlight tomorrow, and option volume is rising as traders anticipate the quarterly results.

Today's activity appears to be primarily bullish in nature; in the early hours of the session, one speculator initiated a bull put spread by simultaneously selling JCG's out-of-the-money June 40 put, and simultaneously purchasing an equivalent number of June 37.50 puts.

Hormel Foods (HRL) surged past analysts' fiscal first-quarter earnings estimates, with the sultan of Spam swinging to a profit of $111.2 million, or 82 cents per share, up 37% from the year-ago period. Sales for the quarter climbed 2.3% to $1.73 billion. Both numbers easily exceeded Wall Street's consensus expectations, which called for a profit of just 68 cents per share on $1.67 billion in revenue.

Hormel added to the positive momentum by boosting its earnings forecast for the rest of fiscal 2010. The packaged-foods firm now expects to bank a profit of $2.68 to $2.78 per share, up from its prior forecast of $2.63 to $2.73 per share.

Shares of Baidu (BIDU) are pointed sharply higher in after-hours trading, with investors cheering the company's fourth-quarter earnings report. The Internet-search issue swung to a profit of $62.7 million, or $1.80 per American depositary share, while revenue jumped 40% to $184.7 million. Analysts were looking for a slimmer per-share profit of $1.69, according to Thomson Reuters.

Looking ahead, BIDU said it expects first-quarter revenue to range between $176 million and $181 million, compared to consensus expectations for revenue of $170 million. This upbeat forecast sent the stock surging to a gain of nearly 9% in electronic trading.

Yahoo! Inc. (NASDAQ: YHOO) shares are down 8%, or $2.59, to $29.50 tonight after the internet company reported lower-than-expected profit of 10 cents a share (versus analysts' expectations of 11 cents). Investors were evidently expecting right along with analysts, as the stock had been up 1.52% as the market waited for Yahoo! to report its first quarter earnings. When they came in, the results of Project Panama weren't having the company-wide impact so many Yahoo! watchers had clearly hoped.

Says Jordan Rohan of RBC Capital Markets, "the company is clearly still in transition." From all I've heard, Yahoo! has been in transition (I like to call it "limbo" or maybe even mild "chaos") for the past few years. When will the transition end? As Jonathan Berr suggests, maybe it won't end until Terry Semel is out -- and, I'd argue, the transition will have another year to go from there.

Or even more. Yahoo! will soon be faced with the DoubleClick problem; the internet company has a close partnership with the advertising firm, and that firm has just agreed to be sold to Google, Inc. (NASDAQ: GOOG). As MarketWatch puts it, this will mean "it'll soon be paying its chief rival for services, and at the same time, giving Google more insight into Yahoo's own business."

I'm not a Yahoo! believer -- I have to wonder if it will ever be done with its "transition."

McDonald's Corp (NYSE: MCD) will be reporting on its fiscal first quarter earnings next Friday the 20. The stock has had a pretty nice run over the last year with shares climbing over 35% since last July. Will this impressive run continue after next week?

If past performance is any indication, there is a strong possibility that McDonald's won't let the market down. It has a great history of meeting or surpassing analyst estimates. The last time that the company was unable to meet estimates was back on January 28, 2005 when it missed by just a penny.

This time around analysts are expecting to see McDonald's report $0.62 per share when it announces its first quarter numbers before the market opens next Friday. For the first quarter last year, the company matched its estimates when it reported $0.49 per share.

There hasn't been a whole lot of news surrounding the fast food giant lately, other than troubles it has run into in China. After being accused of underpaying its employees in the country, China officially cleared the company of any wrongdoing. While it is good news to hear, if you read the fine print of the news release you see that the only reason that the company was cleared is because China does not legally protect the working conditions of working students.

Last week McDonald's announced that it will give unions a bigger presence in its Chinese restaurants, so we can expect to hear a little more on this subject during the conference call next week.

Coca-Cola Co (NYSE: KO) will be reporting its first quarter 2007 earnings before the market opens next Tuesday (April 17). The last time the company reported earnings was back on Valentine's Day, when it was able to put up better than expected earnings for its fourth quarter 2006. At that time, the company posted earnings of $0.52, which came in higher than analyst estimates of $0.50. Sweet.

Coca-Cola has a strong history of beating Wall Street's expectations, so it would come as no surprise to me if the company is able to beat its numbers again this quarter. In fact, to find the last time that Coke was unable to post better than expected earnings, you would have to go all the way back to April 16, 2003 when it matched estimates for its first quarter 2003 report.

Putting the first quarter behind us, as many wish we would, gives us pause to look ahead in hopes of finding the gems of success that wait for us. Here are some of my areas of interest as dictated by gut instinct. Please, before you groan and wretch and move on to the next post, remember that in defiance of one major writer's claim that no one warned you of the bear(ish) market that passed by this way ... I did.

I had also suggested steering clear of big pharma quite some time ago. You may take note that all but a few of them have, at least temporarily, splattered on the wall. The clear exception I see at this time is Pfizer Inc. (NYSE: PFE), which I consider to be in turn-around mode. I'll even be so bold as to hint that you may want to watch it for some acquisition movement of some kind. Pfizer has a sharp, well-run operation with some fine projects on the table. I like Pfizer and have no reason to change my attitude towards it.

Here are some of my watch words for at least the next two quarters:

• Watch natural fibers including cotton, glass derivations, carbon, and cellulose. Apply liberal amounts of nano-technologies and your world vastly increases in breadth and scope.
• Pay attention to water in all it's forms and applications. You shall benefit if you move it ,use it ,split it, spend it, clean it, or own it.
• Continue to avoid bonds unless your slopping around with bundles of loose cash that you have nothing better to do with.
• Scrap metals remain solid and steady. Beware of mining, at least temporarily.
• Watch for increased use of wood as raw material in things other than home construction. In cost of materials, the dynamics are changing. Stay on top of what the manufacturing sector is hinting towards.
• Look hard at the building and maintenance of diesel engines. I'm receiving reports that biodiesel is having some negative impact on the current trucking fleet. Adaptations in materials and design will be needed soon to accommodate the changes in fuel make up. Be there and be ready.

That's what I have to offer you for right now. At this time I need to make one small apology. I hope those fine people who hold shares in General Electric (NYSE: GE) haven't lost faith in me yet. I promised you $40 per share and I still believe it's coming. Hold tight my friends, nothing good ever comes easy.

Starbucks Corporation (NASDAQ:SBUX) investors have something to cheer about today: the company announced first quarter, fiscal 2007 results that were exactly what analysts hoped they'd be. 26 cents a share, or $205 million, up 18% from the year-earlier quarter, on revenues of $2.4 billion, up 22% from the year prior.

In about 10 minutes, the analyst earnings call will begin. I'll be live blogging the call.

2:02 p.m. (All times Pacific.) The call has begun. Disclaimers... and the call is turned over to Jim Donald, CEO. As I mentioned, comparable store sales increased 6%; he breaks it down to 4% from number of transactions, 2% from value of transaction (connected to the increase in prices perhaps?).

2:02 p.m. The company opened 728 stores (awed voice) over two stores a day. The company is focused on balanced growth, and targeted investments. "Our food program this quarter was a significant contributor to our revenues... we have remained focused on expanding our lunch program..." 69% of company-operated U.S. retail stores now have lunches. Adds approximately $300,000 in average annual revenues to one store (big!). 1200 stores now offer warm breakfast items; aggressive plans to roll out warming platform over next couple of years. The warm sandwiches add (I think I heard this right) $135,000 in average annual revenue to one store. Both warm breakfast sandwiches and lunch programs are planned to be in all company-owned U.S. stores in a few years.

2:06 p.m. Raves over the Starbucks Card -- helps promote customer loyalty, it's huge, a great gift. I must admit I just bought my sister-in-law a Starbucks Card for her birthday...

When Starbucks Corporation (NASDAQ:SBUX) presents its fiscal first quarter 2007 earnings on January 31, the company might want to roll out a new numbered cup, with the quote, "Can't Starbucks just serve its holiday beverages year-round?" Its eggnog lattes and maple macchiatos have customers slurping each winter, and investors licking their lips in anticipation of seasonally spicy earnings.

According to First Call, analysts expect the coffee retailer to earn 26 cents a share, a big bump of 36% over the year-ago quarter. But for analysts who are hoping for a whopping growth rate? They don't sound so hopeful. William Blair analyst Sharon Zackfia is worried about the holiday merchandise -- the red ceramic mugs, the CDs, the bears. "Starbucks' pre-holiday markdowns on seasonal merchandise were earlier and more aggressive this year and post-holiday inventory levels were higher leading to subsequently deeper markdowns," she wrote, and it's certainly true that the Starbucks outlet on my corner was packed with holiday goodies in the weeks after Christmas (we picked up a set of coffee-cup ornaments for half price).

With a wealth of small changes to its business -- including a bigger focus on low-margin, but not labor-intensive items like books, music and those pretty red-themed mug; a bigger push into breakfast with eggy biscuity sandwiches; and a focus on spending more for more socially reponsible coffee -- the variables are many. And investors are skeptical; in the three months since the last earnings release, the stock is down about 13%. Are you really this skeptical?

Also check out some other earnings reports that we're following, and let us know your thoughts on earnings expectations.