Here are some highlights from this past week's earnings coverage on BloggingStocks:

• Abercrombie & Fitch Co. (ANF) lower Q3 results still topped expectations and sent shares higher.
• Applied Materials Inc. (AMAT) posted much better-than-expected Q4 earnings, the first profit in a year.
• AstraZeneca (AZN) received an analyst's downgrade due to concerns over its earnings prospects.
• Blackstone Group (BX) received an analyst's upgrade following the company's Q3 results.
• Blockbuster Inc. (BBI) widened its net loss in Q3 and revenue and same-stores sales declined.
• Clean Energy Fuels Corp. (CLNE) shares declined after its Q3 numbers fell short of expectations.
• Consolidated Water Co. Inc. (CWCO) earnings prospects for 2010 earned it an analyst upgrade.

(FUQI - option chain) stock is trading lower today after the Chinese jewelry company reported a third-quarter profit this morning that easily topped analysts' estimates. However, FUQI forecast fourth-quarter EPS of 55 to 60 cents and revenue of $182 to $191 million, compared to analysts' forecasts of 58 cents and $184 million, respectively. Revenues for Q3 about 2% below estimates, which is not a great sign. At this point in the economic cycle, traders are looking for optimistic indicators rather than weak or in-line ones. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on FUQI.

This morning, FUQI opened at $24.90. So far today the stock has hit a high of $25.74 and a low of $21.62. As of 12:00, FUQI is trading at $21.23, down $2.10 (-9.0%). The chart for FUQI looks bearish.

Analyst upgrades:

• Citigroup upgraded National Fuel (NYSE: NFG) to Hold from Sell to reflect better than expected drilling results for the company's Marcellus shale assets. Citi raised its target on shares to $43 from $42.
• Baird upgraded Netezza (NYSE: NZ) to Outperform from Neutral and raised its target to $14 from $7 based on the company's new product announcement and potential revenue acceleration.
• JPMorgan upgraded Liberty Interactive (NASDAQ: LINTA) to Overweight from Neutral. The firm finds the valuation attractive following Liberty's better than expected Q2 results and set a $13 price target on the stock.
• Marlin Business (NASDAQ: MRLN) was upgraded to Outperform from Market Perform at William Blair.
• Paychex (NASDAQ: PAYX) was upgraded to Sell from Conviction Sell at Goldman.
• Hewitt Associates (NYSE: HEW) was upgraded to Buy from Neutral at UBS.

Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Amgen Inc. (NASDAQ: AMGN) earnings potential due to its denosumab is expected to rise substantially.
• Barnes & Noble Inc. (NYSE: BKS) beat low Q2 expectations but forecast a loss in Q3.
• BJ's Wholesale Club Inc. (NYSE: BJ) beat Q2 profit estimates and announced share buybacks.
• BWAY Holding Co. (NYSE: BWY) topped Q3 expectations on cost containment and increased productivity.
• Fuqi International Inc. (NASDAQ: FUQI) beat Q2 expectations and offered Q3 and full-year guidance.
• Gap Inc. (NYSE: GPS) reported higher Q2 earnings but lower sales, dragged down by Old Navy.
• Hewlett-Packard Corp. (NYSE: HPQ) reported strong Q3 earnings results due to its global reach.
• Home Depot Inc. (NYSE: HD) Q2 results fell more than expected, but it reaffirmed its earnings forecast.
• Lehman Brothers Holdings Inc. (NYSE: LEH) may post preliminary results (another loss) before Sept.
• Lowe's Cos. Inc. (NYSE: LOW) posted better-than-expected Q2 profits but offered a cautious sales forecast.
• Pacific Sunwear of California Inc. (NASDAQ: PSUN) weak guidance lead to analyst downgrades.
• Salesforce.com Inc. (NYSE: CRM) posted strong Q2 results and announced an aquisition.
• VeriFone Holdings Inc. (NYSE: PAY) offered a positive outlook, which sent shares soaring.

For more highlights from this week, see: Hershey, Heinz, Burger King, Foot Locker, Saks and others

Upcoming quarterly reports include Big Lots (NYSE: BIG), Borders (NYSE: BGP), Rio Tinto (NYSE: RTP), Tivo (NASDAQ: TIVO), Novell (NASDAQ: NOVL), Dell (NASDAQ: DELL), Sears (NASDAQ: SHLD), and Tiffany (NYSE: TIF).

Visit AOL Money & Finance for more earnings coverage.

Fuqi International (NASDAQ: FUQI) designs, develops and sells precious metal jewelry in the People's Republic of China. It offers rings, bracelets, necklaces, earrings and pendants made from such precious metals as platinum, gold, palladium and karat gold. The company also manufactures jewelry with diamonds and other precious stone inlays, as well as gold coins and gold bars. Fuqi International was founded in 2001 and is headquartered in Shenzhen.

The firm surprised the Street last week, when it reported Q2 EPS of 25 cents and revenues of $66.9 million. The Street had been looking for 20 cents and $62.8 million. Management also guided Q3 EPS to 26-27 cents (21 cent Street), Q3 revenues to $75-$77 million ($70.6M Street), FY08 EPS to $1.07-$1.09 ($1.08 Street) and FY08 revenues to $325-$333 million ($314.2M Street).

MOST NOTEWORTHY: Vanguard National Resources, Fuqi and Ulta Salon were today's noteworthy initiations:

• Vanguard National (NYSE: VNR) was initiated at Jefferies with a Buy rating and $19 target, citing the company's yield premium to other MLPs, and at Wachovia with an Outperform rating on valuation and yield.
  
• Merriman believes Fuqi (NASDAQ: FUQI) strong brand and established wholesale distribution will drive increasing market share of China's jewelry market. The firm started shares with a Buy rating.
  
• William Blair resumed coverage of Ulta Salon (NASDAQ: ULTA) with an Outperform rating, as they believed the company's modest current market share and unique offering brings considerable opportunities to take further share from traditional department stores.

OTHER INITIATIONS:

• Goldman initiated Akzo Nobel (OTC: AKZOY) with a Buy rating and Holly Corp. (NYSE: HOC) with a Neutral rating and $63 target.
  
• CVR Energy (NYSE: CVI) was started with a Neutral rating and $27 target at Goldman and with a Buy rating and $27 target at Citigroup.