Earnings highlights: Lehman, UBS, Krispy Kreme, Pepsico, Pep Boys and others
Posted by: admin in Stocks NewsFiled under: Earnings reports, Microsoft (MSFT), PepsiCo (PEP), Krispy Kreme Doughnuts (KKD), Alcoa Inc (AA), Ideal Purchase (BBY), Nortel Networks (NT), QUALCOMM Inc (QCOM), Texas Instruments (TXN), CMGI Inc (CMGI), Lehman Br Holdings (LEH)
Here are some highlights from this past week’s earnings coverage from BloggingStocks:
- ADC Telecommunications Inc. (NASDAQ: ADCT) beat Q2 estimates and raised its full-year guidance.
- Alcoa Inc. (NYSE: AA) near-term earnings prospects led to an analyst downgrade.
- Banco de Chile (NYSE: BCH) earnings prospects after an acquisition led to an analyst’s upgrade.
- Benihana Inc. (NASDAQ: BNHN) posted lower Q4 profits but still beat earnings estimates.
- Bob Evans Farms Inc. (NASDAQ: BOBE) reported solid Q4 results due in part to cost management.
- Brown-Forman Corp. (NYSE: BF.B) easily beat Q4 estimates and offered full-year guidance.
- CMGI Inc. (NASDAQ: CMGI) lowered its guidance, sending shares tumbling 25%.
- Coca Cola Hellenic Bottling Co. (NYSE: CCH) warned of weaker earnings due to economic conditions.
- Conn’s Inc. (NASDAQ: CONN) reported solid Q1 results and issued in-line guidance for the year.
- Dick’s Sporting Goods Inc. (NYSE: DKS) earnings prospects impress analysts despite recent guidance.
- Guess? Inc. (NYSE: GES) topped Q1 expectations due to strong international expansion.
- Krispy Kreme Doughnuts Inc. (NYSE: KKD) swung to a Q1 profit despite falling revenues.
- Lehman Brothers Holdings Inc. (NYSE: LEH) posted a bigger-than-expected loss on further write-downs.
- National Semiconductor Corp. (NYSE: NSM) beat estimates on cost efficiencies and improved product mix.
- Nortel Networks Corp. (NYSE: NT) reaffirmed its revenue guidance for the full year.
- Pall Corp. (NYSE: PLL) reported strong Q3 results that beat Wall Street expectations.
- Pep Boys (NYSE: PBY) reported that Q1 earnings jumped due to real estate transactions.
- PepsiCo Inc. (NYSE: PEP) plans to reiterate its full-year earnings guidance despite market conditions.
- Qualcomm Inc. (NASDAQ: QCOM) earnings prospects for the second half of 2008 impress one adviser.
- Quality Systems Inc. (NASDAQ: QSII) Q4 profits grew 32%, in line with analysts’ expectations.
- Shuffle Master Inc. (NASDAQ: SHFL) topped Q2 expectations, sending shares higher.
- Smith & Wesson Holding Corp. (NASDAQ: SWHC) Q4 profits fell but still beat analysts’ estimates.
- Talbots Inc. (NYSE: TLB) reaffirmed its better-than-expected 2008 earnings guidance.
- Texas Instruments Inc. (NYSE: TXN) warned that weak demand for chips could hurt Q2 results.
- UBS (NYSE: UBS) warned “further write-downs might hit earnings” and some assets classes had deteriorated.
Also, Barron’s likes the prospects for ethanol producers such as VeraSun Energy Corp. (NYSE: VSE). Kiplinger’s includes Best Buy (NYSE: BBY) and Dick’s Sporting Goods among its Father’s Day stock picks. Could rancor over Vista injured Microsoft’s (NASDAQ: MSFT) bottom line?
Upcoming results to watch for include Adobe Systems (NASDAQ: ADBE), La-Z-Boy (NYSE: LZB), Best Buy (NYSE: BBY), CarMax (NYSE: KMX), Goldman Sachs (NYSE: GS), FedEx (NYSE: FDX), JM Smucker (NYSE: SJM), and Winnebago (NYSE: WGO).
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