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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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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Blue Nile Surges 9%
Nov 07, 1:44 PM EST |
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| Blue Nile, online diamond retailer, reported rising sales and earnings in the the third quarter. International sales helped the sales growth. |
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| Blue Nile, online jewler, third quarter sales increased 27% and earnings surged 67%. Earnings per share increased to 18 cents from 11 cents a year ago. The revised its sales guidance for the fourth quarter and said it expects to earn between $1 and $1.05 per share for the year. Blue Nile surged 9% after the news. |
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TheStreet Reported Rising Earnings
Nov 07, 12:21 PM EST |
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| TheSteet.com reported rising sales and earnings on recent acquisitions and growing non-financial advertising. |
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| TheStreet.com reported third quarter sales increase of 24% to $16.1 million and earnings rise of 23% to $3.8 million. Earnings per share increased to 13 cents from 11 cents a year ago. Including one-time tax related gains the earnings jumped to $16 million and earnings per share increased to 67 cents. |
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