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Goldman Sachs Earnings Rise 2%
Dec 18, 9:28 AM EST |
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| Goldman Sachs reported higher revenue and earnings bucking the trend in the brokerage industry. |
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| Goldman Sachs fourth quarter revenue jumped 14% and earnings rose 2% from a year ago on higher investment banking fees, steadier flows of new assets under management, and higher revenue in the trading division. In the fourth quarter the diluted earnings per share rose to $7.01 from $6.59 a year ago. In the quarter Goldman generated $3.3 billion in revenue in fixed income trading and $2.59 billion in equities trading. |
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Autozone Surges 20% After Earnings
Dec 07, 7:21 AM EST |
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| Autozone, retailer of auto parts increased surged after reporting better than expected earnings on rising sales. |
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| Autozone sales increased 4.5% in the first quarter to $1.5 billion on same store sales increased to 1.3%. Earnings per share increased 17% to $2.02 and earnings increased 7% to $132.5 million. After the earnings news stock surged 19% to $128. Average inventory per store increased to $507,000. |
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Chicos Earnings Decline 44%
Dec 07, 6:48 AM EST |
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| Chicos reported another quarter of rising sales on new opening but declining same store sales and falling earnings. |
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| Chicos reported third quarter earnings drop of 44.1% to $23.57 million from $42 million a year ago. Sales in the quarter increased 3.4% to $416 million. Comparable sales in the quarter declined 9.3% in the the 13-week period and fell 5.5% in the 39-week period. |
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Tighter Consumers Drag Target Earnings
Nov 27, 5:10 AM EST |
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| Target third quarter earnings declined on lower than expected sales of high margin apparel and furniture sales. |
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| Target reported third quarter earnings decline of 4.5% and revenue rise of 9.3%. Earnings in the quarter were reported at $483 million and sales were $14.83 billion. Earnings per share in the quarter declined to 56 cents from 59 cents a year ago. Same-store sales in the quarter increased 3.7% with higher contribution from new stores and credit card operations. |
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Nordstrom Jumps 12% on Earnings
Nov 21, 2:17 PM EST |
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| Nordstrom jumped after reporting 22% increase in earnings and expanded stock buyback program by $1 billion. |
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| Nordstrom, luxury retailer reported third quarter sales increase of 5.3% and earnings rise of 22%. Sale in the quarter increased to $1.97 billion and earnings rose to $165.7 million and 2.2% same-store sales increase in the quarter. The company guided flat sales growth in the quarter and warned tougher retail climate going into the season. Nordstrom jumped 12% after reporting earnings in two days of trading. |
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HP Issued Optimistic 2008 Outlook
Nov 20, 3:04 PM EST |
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| HP said that revenue in the fiscal first quarter will be $27.4 billion and for the year 2008 will be $111.5 billion. |
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| Hewlett Packard reported fourth quarter revenue rise of 15% and net income in the quarter increased 28% to $2.2 billion. For the year the company reported revenue increased of 14% to $104.3 billion and earnings increased to $8.7 billion. In the quarter revenue outside the U.S. represented 67% and BRIC countries revenue rose 37% and accounted 9% of revenue in the quarter. |
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Starbucks Falls to a One-Year Low
Nov 19, 2:45 PM EST |
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| Starbucks fell 10% after reporting earnings on Friday to one-year low. Starbuck is now 43% below its peak in October 2006. |
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| Starbucks reported fourth quarter revenue increase of 22% to $2.4 billion and 21% for the fiscal year 2007. The coffe retailer earned $158 million in the fourth quarter and for the year earned $672.6 million. Comparable same store sales increased in the quarter but the number transactions declined 1%. The news of the decline in transaction and cautious earnings guidance for fiscal 2008 hurt the stock. |
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Barclays Increases Sub-Prime Losses
Nov 15, 12:31 PM EST |
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| Barclays reported better than expected earnings but reported higher losses in sub-prime assets and related trading activites. |
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| Barclays reported pre-tax profit of 1.9 billion pounds for the ten months ending in October. The losses in the sub-prime loans and trading were off-set by the profits in emerging markets, trading in commodities and other financial instruments. Barclays rose as much as 5% after the news but lost all its gains by the end of the day. Barclays has lost 27% for the year so far. |
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Home Depot Earnings Decline
Nov 13, 2:24 PM EST |
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| Home Depot earnings face head-wind from the ongoing correction in the housing market. The weak home sales hurt sales and earnings. |
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| Home Depot suffering from the recent melt down in the housing market reported weak earnigs. Third quarter sales declined 3.5% to $18.98 billion and earnings fell 26.7% to $1.1 billion. After adjusting for HD Supply sale, the earnings per share were 59 cents. Home Depot estimated the fourth quarter earnings from continued operatnions to decline by 11%. |
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Wal-Mart Earnings Rise
Nov 13, 1:00 PM EST |
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| Wal-Mart advanced on rising sales and earnings. International sales rose faster than the domestic sales. |
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| Wal-Mart jumped 6% after reporting 9% increase in sales and 8% rise in earnings. Wal-Mart third quarter sales increased to $90.9 billion and earnings increased 7.9% to $2.86 bilion. Earnings per share increased to 70 cents from 62 cents. Wal-Mart revised earnings per share for the fourth quarter and for the fiscal year 2007. |
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