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International Sales Drive Yum Brands
Oct 09, 11:01 PM EDT |
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| Yum sales rose in the international markets. Earnings growth estimate was revise to 13% from 12% to $1.65 per share. |
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| Yum Brands reported third quarter revenue increase of 13% and earnings rise of 17% on 31% rise in sales in China. Sales growth in the U.S. were flat but rose sharply in China and International divisions. While the company is battling an image problem in the U.S., it seems to have no problem in growing sales in China and international markets. The company serves close to 35,000 locations at the end of the last quarter. |
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Family Dollar Drops After Earnings
Oct 08, 10:37 PM EDT |
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| Family Dollar stock fell after reporting better than expected earnings for the fourth quarter. The company issued conservative guidance for 2008. |
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| Discount store retailer, Family Dollar reported fourth quarter sales increase of 3.4% and earnings rise of 17%. Earnings in the quarter increased to $37.8 million and earnings per share increased 24% to 26 cents per share. For the year sales increased 7% to $6.8 billion and earnings jumped 24% to $243 million on 0.9% rise in same store sales. The company issues a cautious outlook for the rest of the year and guided less than 1% rise in same store sales. |
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Research in Motion Earnings Double
Oct 04, 5:34 PM EDT |
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| Research in Motion stock rose 4% ahead of earnings after the close. Revenue and earnings guidance raised. |
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| Research in Motion earnings in the fiscal 2008 second quarter doubled on revenue rise of 27%. The company recorded revenue of $1.37 billion and earnings of $288 million. The company signed 1.45 million new subscribers and shipped 3 million devices. The company guided in the current quarter earnings between 59 cents and 63 cents and expects to add 1.65 million new subscribers. |
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Micron Reports Third Consecutive Loss
Oct 04, 11:43 AM EDT |
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| Memory maker Micron is battling falling prices and rising costs ahead of holiday season. The outlook for the upcoming season failed to cheer analysts. |
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| Micron reported fourth quarter loss of 21 cents compared to earnings of 9 cents a year ago. Revenue in the quarter jumped 4.7% to $1.4 billion from a year ago. In the quarter Micron reported a loss of $158 million compared to profit of $64 million a year ago. For the fiscal year 2007 the company sales increased 7.5% to $5.7 billion and a loss of $320 million. For the year loss fell 17%. |
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Walgreen Earnings Fall Short
Oct 01, 9:39 PM EDT |
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| Walgreen earnings fell nearly 4% dragging the stock lower 15%. Other drug retailers fell as well. |
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| Walgreen reported fourth quarter earings declined 4% to 40 cents compared to 41 cents a year ago. For the fiscal 2007 earnigs jumped $2.03 from $1.72 per share on 13.4% rise in sales to $53.8 billion. The company blamed lower generic drug reimbursements and higher advertising and staffing costs. The company plans to open nearly 550 stores in the fiscal 2008 and operate 400 health clinics. The company plans to spend $2 billion in capital expenditure to open new stores and for technology. |
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A G Edwards Earnings UP 44%
Sep 25, 9:30 PM EDT |
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| A G Edwards reported 15% rise in revenue and earnings growth of 44% in the second quarter ending in August. |
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| The mid-sized financial broker reported revenue increase of 15% in the second quarter and earnings rise of 44% from a year ago on higher asset management fees. The company has agreed to merge with Wachovia Bank and shareholders plan to vote on the merger on Sept 28. The merger between the companies is expected to result in a loss of more than 4,000 jobs at Wachovia Securities and create the second largest brokerage house after Merrill Lynch. |
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Lennar Reports Loss, Higher Cancellations
Sep 25, 3:09 PM EDT |
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| Lennar suffering from steep housing market recession reported significantly higher loss than estimated. |
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| Lennar swung to a loss in the third quarter on sharply lower revenue. The tough financial conditions and sharp rise in inventory of homes in the market affected Lennar results. The company has cut staff by 35% and is likely to lower staff in the coming months as sales decline further. Prime lending customers share increaed from 63% to 88% in the quarter. Lennar still remains vulnerable to further decline in home values in California and Florida. |
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Carnival Lowers Guidance
Sep 24, 3:44 PM EDT |
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| Carnival reported earnings and revenue increase despite higher fuel cost in the quarter. New ship introduction lifted passenger traffic. |
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| Carnival reported third quarter earnings increase of 12.1% on revenue rise of 10.4%. The cruise ship operator reported earnings in the quarter of $1.38 billion or $1.67 per share compared to $1.23 billion or $1.49 per share. Net revenue in the quarter increase to $4.32 billion from $3.91 billion. The cruise ship company listed in New York and in London lowered its earnings guidance for the fourth quarter on rising oil prices. Carnival does not hedge its fuel purchases. |
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Kroger Pass Food Price Rise to Consumers
Sep 24, 3:04 PM EDT |
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| Kroger guied same store sales for the next quarter in the low single digit and for the year below 5%. |
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| Kroger second quarter earnings increased to 38 cents per share from 29 cents a year ago. For the quarter net earnings jumped 28% to $267 million from $209 million. The company will pay quarterly dividend of 7.5 cents per share. Kroger passed higher prices in dairy and other food items to customers. Investors were concerned that earnings may be affected if it fails to pass the food price increases. However, Wal-Mart is rapidly expanding grocery offering at most of its stores. |
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Morgan Stanley Reports 7% Decline
Sep 19, 1:23 PM EDT |
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| Morgan Stanley reported fiscal third quarter earnings decline of 7% from continuing operations. |
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| Morgan Stanley, second to report earnings in the brokerage industry, earnings declined 7% on 13% rise in revenue. Morgan Stanley third quarter earnings were $1.38 per share compared to $1.50 a year ago. Analysts were looking for $1.54 per share earnings. The company took bad debt loss of nearly $900 million linked to mortgage securities. Asset management revenue jumped 61% to $1.4 billion. |
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