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The Week in Preview: Eye on Tiffany, Canadian Banks, Semtech

earnings expectationsMost of the S&P 500 companies have already reported earnings results for the most recent quarter. But scheduled to release their results this week are Medtronic (MDT) and Novell (NOVL), which analysts surveyed by Thomson Reuters expect to post earnings per share (EPS) about same as last year, as well as JDS Uniphase (JDSU), Patterson Companies (PDCO) and Tiffany & Co. (TIF), for which analysts foresee year-over-year earnings growth. Of these, the expectations are highest for Tiffany.

During the three months that ended in July, Tiffany launched an iPhone app and increased its quarterly dividend. Analysts expect the New York-based specialty retailer to report that earnings per share came to 53 cents, a 26.4% increase from a year earlier. Second-quarter revenue is expected to have grown 12.8% to $690.8 million. So far, analysts predict full-year earnings of $2.61 per share (+22.9%) on $3.0 billion (+11.8%) in revenue. Earnings results topped consensus estimates in four of the past five quarters, by 11 cents per share in the first quarter.

Continue reading The Week in Preview: Eye on Tiffany, Canadian Banks, Semtech

Novell Tops Bullish Volatility Skews; CMS Energy Tops Bearish

Investors call services are pushing put option prices higher in the diversified utilities industry today.

Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.

Continue reading Novell Tops Bullish Volatility Skews; CMS Energy Tops Bearish

Dun & Bradstreet Tops Bullish Volatility Skews; Qwest Tops Bearish

Option investors are pushing call option prices higher in the Information & Delivery Services industry and are pushing put option prices higher in the Telecom Services - Domestic industry today.

Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.

The opposite is also true. Any time a volatility skews below 1.00, it is an indication that puts are more expensive than calls.

Continue reading Dun & Bradstreet Tops Bullish Volatility Skews; Qwest Tops Bearish

Novell Tops Bullish Volatility Skews; Wisconsin Energy Tops Bearish

Option traders are pushing up call option prices in the Security Software & Services industry as well as pushing up put option prices in the Diversified Utilities industry today.

Any time the volatility skews above 1.00, it is an indication that calls are more expensive than puts. Typically, when calls are more expensive than puts, it means the demand for calls is greater than the demand for puts because investors believe the stock is going to rise in the future and they want to take advantage of that movement by buying calls.

Continue reading Novell Tops Bullish Volatility Skews; Wisconsin Energy Tops Bearish

Earnings Highlights: AutoZone, Borders, Campbell, Costco, Heinz, J. Crew, TiVo ...

Below are some highlights from this past week's earnings coverage on BloggingStocks. Click through to the original posts for more details.

  • Ann Taylor Stores Corp. (ANN) shares rallied on heavy volume after it posted better-than-expected Q1 earnings.
  • AutoZone Inc. (AZO) Q3 earnings easily beat consensus expectations and same-store sales rose sharply.
  • Borders Group Inc. (BGP) posted a wider operating loss, decreasing gross margin, and a same-store sales decline.
  • Campbell Soup Co. (CPB) posted strong Q3 results and offered guidance, boosting shares on a down-market day.
  • Costco Wholesale Corp. (COST) posted better-than-expected Q3 results, due in part to a surge in membership sales.

Continue reading Earnings Highlights: AutoZone, Borders, Campbell, Costco, Heinz, J. Crew, TiVo ...

Novell Reports a 28% Gain in Quarterly Profit

Thursday afternoon, Novell (NOVL) reported a fiscal second-quarter profit of 6 cents per share ($19.9 million) -- up from five cents per share ($15.6 million) a year earlier. Adjusted earnings checked in at seven cents per share, matching the consensus estimate. Quarterly revenue of $204 million also matched the Street's expectations. The firm's CFO Dana Russell noted that fiscal second-quarter revenues were in line with expectations and that profits were at the high end of the forecast range.

Continue reading Novell Reports a 28% Gain in Quarterly Profit

Novell Says No to a $2 Billion Buyout Offer

On March 2, hedge fund operator Elliott Associates made a $5.75 per share offer for Novell (NOVL). The valuation of the deal was roughly $2 billion.

Well, after much consideration, Novell has finally responded. And as should be no surprise, the company says the bid is "inadequate."

Continue reading Novell Says No to a $2 Billion Buyout Offer

The week in preview: Earnings expectations for techs, Canadian banks

Results for the tech stocks in last week's preview were a mixed bag, some beats, some misses, some in line. By and large, expectations for tech companies reporting results this week remain high, though. Here's what analysts surveyed by Thomson Financial are anticipating in the way of earnings, as compared to the same period of the previous year.

Continue reading The week in preview: Earnings expectations for techs, Canadian banks

Earnings highlights: Dell, Sears, Costco, Heinz, Tiffany, Borders, DSW and others

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

Continue reading Earnings highlights: Dell, Sears, Costco, Heinz, Tiffany, Borders, DSW and others

Analyst initiations: Amazon, Altria Group, Skilled Healthcare

MOST NOTEWORTHY: Amazon.com, Altria Group and Skilled Healthcare were today's noteworthy initiations:
  • Canaccord Adams expects Amazon.com (NASDAQ: AMZN) growth to be driven by its expanding international reach, mix shift to third-party revenue, product innovation, and category expansion. The firm initiated shares with a Buy rating and $78 target.
  • UBS is positive on Altria's (NYSE: MO) growth, low likelihood of downward EPS revisions, and best-in-class cash flow distribution; shares were started with a Buy rating.
  • Skilled Healthcare (NYSE: SKH) was initiated with an Outperform rating at Morgan Keegan, as they believe nursing home reimbursement risk is already reflected in its valuation.
OTHER INITIATIONS:
  • KeyBank assumed Callaway Golf (NYSE: ELY) with a Buy rating and $19 target.
  • Credit Suisse initiated Intuit (NASDAQ: INTU) with an Outperform rating and $35 target.
  • Broadpoint initiated Novell (NASDAQ: NOVL) with a Buy rating.

Thursday earnings recap: GPS, KSS, REV, DELL, NOVL, FRE, AIG, DLM, XMSR

Here are highlights of some other earnings reports from Thursday:

Earnings highlights: Costco, GE, H&R Block, Lehman Bros, and others

Here are a few highlights of this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Costco, GE, H&R Block, Lehman Bros, and others

Novell: still in transition mode

For more than a week, Novell, Inc. (Nasdaq: NOVL) has delayed its earnings. But, we got the results yesterday -- and they were fairly ho-hum. Fiscal Q4 revenues increased 5% to $244.9 million but there was a net loss of $17.9 million or $0.05 per share. Keep in mind that there were one-time expenses for the sale of a consulting division.

Novell got a big boost from its Linux platform, which saw a 69% increase in revenues and 4,700 new customers, such as Wal-Mart Stores, Inc. (NYSE: WMT), Credit Suisse Group (ADR) (NYSE: CS) and Wachovia Corporation (NYSE: WB). There were also some key enterprise deals with Dell Inc. (Nasdaq: DELL) and Lenovo.

No doubt, Novell is still in the restructuring mode. Some of the initiatives include: outsourcing technical talent to low-wage countries; stronger partner relationships; and shared services with its back office.

However, with $1.3 billion in the bank -- which represents more than half of Novell's market cap -- there will likely be pressure from investors, such as for buybacks.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates DealProfiles.com.

Option update 12-6-07: Coke shares near 8-year high into CEO Isdell succession

Coca-Cola (NYSE: KO) -

KO announced Muhtar Kent as its new CEO, succeeding resining chairman and CEO Neville Isdell. Isdell will remain chairman until April 2009. KO overall option implied volatility of 21 is near its 26-week average of 20 according to Track Data, suggesting non-directional risk.

Novell (NASDAQ: NOVL) -

NOVL postponed its Q4 and full year 2007 earnings release because of inquiries from the SEC about NOVL's accounting practices. NOVL, a provider of network software, closed at $6.94. NOVL overall implied volatility of 46 is above its 26-week average of 35 according to Track Data, suggesting larger risk.

Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Earnings highlights: Dell, Sears, Staples, Tiffany, and others

Here are a few highlights of this past week's earnings coverage from BloggingStocks:

Also, Jim Cramer offers perspective on the problem with Sears Holdings. And AOL Money & Finance's new dynamic stock quotes pages make keeping up with earnings, and any other stock-related information and news, much easier. Check it out.

Upcoming results to watch for include: AutoZone Inc. (NYSE: AZO), Novell Inc. (NASDAQ: NOVL), and National Semiconductor Corp. (NASDAQ: NSM).

Visit AOL Money & Finance for more earnings coverage.

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DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 04:35 AM

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