quarterly earnings posts
FeedPosted Oct 13th 2010 8:30AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, JPMorgan Chase (JPM), Technical Analysis
Financial firm JPMorgan Chase (JPM) released its much-anticipated third-quarter earnings Wednesday morning, revealing that its profit increased 23%. JPM earned $4.42 billion, or $1.01 per share, during the quarter -- far better than the $3.59 billion, or 82 cents per share, earned a year ago. Not only did JPM destroy last year's earnings, but the company also handily topped the consensus estimate of 90 cents per share.
One reason for the stronger-than-expected results is the fact that JPM set aside $1.55 billion for retail credit losses in the quarter compared to $3.99 billion a year ago. That said, CEO Jamie Dimon warned that loan losses are still high in the mortgage and credit card portfolios, but these losses aren't continuing to rise as they did during the recession. Dimon added that JPM is expecting losses in the credit-card division during the next quarter.
Continue reading JPMorgan Chase Earnings Increase 23%
Posted Jul 22nd 2010 8:30AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, AT and T (T)

Thursday morning AT&T (
T) announced that second-quarter diluted
earnings totaled 68 cents per share. The results were 14 cents better than the same quarter a year ago. Taking a one-time gain of seven cents out of the equation (stemming from a stock transaction), AT&T still managed to top the consensus estimate of 57 cents per share.
The company also reported that it topped 90 million connections for the first time during the quarter, driven by a record 3.2 million iPhone accounts activated (a company record). The activations weren't solely driven by the iPhone, as 1.6 million other wireless connections were added (a second-quarter record). All in all, it was a solid quarter for AT&T.
Continue reading AT&T Second-Quarter Earnings Increase, Boosts Forecast
Posted Apr 9th 2010 10:10AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports


Constellation Brands (
STZ) announced Friday that it
lost $51 million in the fourth quarter because of lagging sales on wine, spirits and beer. STZ lost 23 cents per share during the quarter compared to a loss of $1.88 per share last year. Excluding one-time items, STZ earned 27 cents per share, topping the consensus estimate by three cents per share.
Looking ahead, STZ forecasts 2011 earnings of $1.36 to $1.51 per share, with adjusted earnings between $1.53 per share to $1.68 per share. The problem is that the Street expects 2011 earnings of $1.78 per share. It is this news that could leave STZ bulls crying into their drinks today.
Continue reading Constellation Brands Reports Quarterly Earnings
Posted Apr 1st 2010 9:10AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports

After the closing bell Wednesday, Micron Technology (
MU) reported a
second-quarter profit of 39 cents per share. The semiconductor firm's results topped both last year's loss of 99 cents per share and the consensus estimate of 24 cents per share.
Quarterly revenue totaled $1.96, up from $993 million a year ago, and better than the $1.82 billion expected by the Street. Sales of the company's DRAM products increased 24% sequentially, as a result of a rise in unit sales and average selling prices. MU's revenue from NAND Flash products were down a bit thanks to a "slight decrease in average selling prices."
Continue reading Micron Technology Reports a Profit, Shares Rise
Posted Nov 23rd 2009 9:30AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports

Talk about stocks that have fallen far and fast. LDK Solar (
LDK) was looking to add a bit of momentum with its earnings report, as the stock is battling overhead resistance from its 20-week moving average. This trendline has pushed the stock lower for a majority of 2009 and 2008, during which LDK has dropped from its late-2008 high of $52.40 to its current perch near the $8 level.
The good news is that a news event like an earnings report could lend momentum to any squandering stock, so let's see what LDK reported. The solar panel producer earned
27 cents per share in the third quarter, far worse than last year's same-quarter earnings of 77 cents per share. Quarterly revenue was nearly halved, as LDK brought in $281.9 million compared to $542 million.
Continue reading LDK Solar posts stronger-than-expected, third-quarter earnings
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