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Earnings Highlights: Adobe, Best Buy, General Mills, Oracle, Tiffany, Walgreen ...

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

  • Adobe Systems Inc. (ADBE) reported that Q1 revenue was up but earnings declined sharply, and it offered guidance.
  • Best Buy Inc. (BBY) shares rallied after it topped Q4 earnings expectations and offered encouraging guidance.
  • Brinker International Inc. (EAT) raised its outlook for fiscal 2010 and also increased its quarterly dividend.
  • China Automotive Systems Inc. (CAAS) reported that its revenue had doubled and it beat earnings expectations.
  • ConAgra Foods Inc. (CAG) Q3 earnings matched estimates and revenue was flat, and it reaffirmed its outlook.
  • Finish Line Inc. (FINL) shares rallied after it reported that Q4 earnings came in better than analysts' expected.

Continue reading Earnings Highlights: Adobe, Best Buy, General Mills, Oracle, Tiffany, Walgreen ...

Lloyd's Amps Up Insurance and Reinsurance Capacity This Year

Lloyd's of London is poised to take some risks in 2010. In fact, it's ready to put more than $36 billion into the insurance and reinsurance world, according to analysts at reinsurance intermediary Guy Carpenter, a division of Marsh & McLennan (MMC).

The year-over-year increase could be as high as 27% compared to 2009, with the additional capacity coming from lower risk-transfer rates for some lines of business, though much of it is being offered to compensate for the weakness of the British pound relative to stronger currencies, such as the U.S. dollar.

Continue reading Lloyd's Amps Up Insurance and Reinsurance Capacity This Year

Small is beautiful: Insurance companies turn to micro for growth

Long a topic of discussion, insurers and reinsurers are beginning to enter the microinsurance space. Scor (SCOR) firm invested in LeapFrog Investments, the first microinsurance fund, last month, and last week, the Microinsurance Network was launched in an effort to raise awareness of the sector.

In a mature industry, microinsurance is seen as having considerable growth potential, especially given the large numbers of people around the world who live without any form of coverage. Microinsurance protection ranges from property catastrophe to life and health. A recent study by Lloyd's of London found that 135 million people, 5% of the world's low-income people, are using microinsurance products, but that the total market size could range from 1.5 billion to 3 billion.

Continue reading Small is beautiful: Insurance companies turn to micro for growth

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IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 02:32 PM

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