Michael Fowlkes
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Third quarter earnings preview for Tiffany
Before tomorrow's open, jewelry retailer Tiffany & Co. (TIF) will be reporting its third quarter results. Analysts are expecting to see the company show earnings of 23 cents per share.For the same period last year the company had earnings of 35 cents.
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Dell sells off hard after hours, following weak third quarter earnings
After-hours traders punished Dell (DELL) stock Thursday, following a weak third quarter earnings report from the technology giant.
Going into the afternoon earnings release, analysts had been expecting to see the company show earnings of 28 cents per share. Actual earnings came in much lower at 23 cents per share.
Continue reading Dell sells off hard after hours, following weak third quarter earnings
Applied Materials (AMAT) tops analyst estimates
Semiconductor maker Applied Materials (AMAT) reported its fiscal fourth quarter numbers this afternoon following the market close, and the company easily outpaced analyst estimates.Going into this afternoon's earnings report, analysts had been expecting to see the company show earnings of 3 cents per share, but the company surprised to the upside by posting actual Q4 earnings of 13 cents.
Continue reading Applied Materials (AMAT) tops analyst estimates
Starbucks reports better than expected fourth quarter earnings
Shares of Starbucks (NASDAQ: SBUX) are trading up in after hours trading today after the company posted strong Q4 earnings numbers after the market close.As we noted in our earnings preview, the company was expected to show earnings for the quarter of 21 cents per share on $2.39 billion in revenues. The actual numbers came in at 24 cents per share with revenues of $2.4 billion.
Continue reading Starbucks reports better than expected fourth quarter earnings
Cisco posts strong Q1 earnings
Following today's market close, technology giant Cisco Systems (NASDAQ: CSCO) had its chance to impress Wall Street with its fiscal first quarter results, and the company did not disappoint.Going into this afternoon's earnings report, analysts had been expecting to see the company show earnings of 31 cents per share, but the company surprised to the upside by posting actual earnings of 36 cents per share for its fiscal first quarter. For the same period last year the company had earnings of 42 cents per share.
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Ford (F) posts surprising profit for its third quarter
American auto maker Ford Motor (NYSE: F) gave investors a reason to smile this morning when it posted a surprising $1 billion profit for its third quarter.Going into this morning's earnings release, analysts had expected to see the Dearborn, Michigan-based auto manufacturer to lose 12 cents per share. But Ford had other ideas, posting a profit of 29 cents per share, or $997 million.
Continue reading Ford (F) posts surprising profit for its third quarter
Chevron's third quarter earnings preview
Oil giant Chevron Corp. (NYSE: CVX) will get its chance to impress Wall Street before the market opens Friday when it reports its third quarter results.The last time the company reported earnings was back in July when it was unable to meet analyst estimates by posting 87 cents per share verse estimates for 95 cents. Traders seem optimistic that the company will meet expectations this time around and are driving the stock up 2.5% in today's trading.
Continue reading Chevron's third quarter earnings preview
Verizon (VZ) takes aim at the iPhone
Ever since Apple Computer (NASDAQ: AAPL) introduced the iPhone to the world, other cell phone companies have been working hard to compete. Verizon (NYSE: VZ) is hoping to find success with the Motorola Droid, which will come with a $199 price tag.The phone will be running on Google's Android operating system, and could be a serious contender against the iPhone, and while most people knew this phone was coming, the real news is that it will start to be sold next week at Verizon's across the nation.
Continue reading Verizon (VZ) takes aim at the iPhone
Caterpillar announces plans to rehire 550 workers
There is no question that the recession took its tool on Caterpillar Inc. (NYSE: CAT). The company saw its stock plummet from mid 2008 through March of this year. Along the way the company was forced to layoff employees to help lower costs, but it announced today that it would be rehiring 550 of its laid off workers.Chief Executive Officer Jim Owens announced the news and stated that the company was pleased that "signs of recovery in the global economy" is allowing it to bring back some employees.
Continue reading Caterpillar announces plans to rehire 550 workers
Housing starts rose in September, but applications for new construction fell
The Commerce Department reported Tuesday that housing starts rose a bit in September, helped by a rise in single-family home construction, but this bit of good news came with some bad news that applications for new home construction were down in the month.
According to the report, construction of new homes and apartments rose by 0.5% in the month, to an annualized rate of 590,000 units. While any growth for housing starts comes as good news in the current market, it is not as good as it appears at first glance, considering that analysts had been expecting to see the annualized rate increase to 610,000 units.
Continue reading Housing starts rose in September, but applications for new construction fell
Coca-Cola (KO) beats earnings estimates, but revenues fall short
Soft drink giant Coca-Cola Co. (NYSE: KO) reported its third quarter numbers this morning, and managed to beat out analyst estimates, but shares are still selling off in early morning trading.
The reason why the market is punishing the stock is because its revenues were softer than analysts had been expecting to see. For the quarter, revenues came in at $8.04 billion, which was shy of the $8.11 billion that Wall Street was expecting to see from the company.
Continue reading Coca-Cola (KO) beats earnings estimates, but revenues fall short
Coca-Cola third quarter earnings preview
Soft drink giant The Coca-Cola Company (NYSE: KO) will be reporting its third quarter numbers tomorrow before the market opens.The last time that Coca-Cola reported earnings was back in July when the company beat out analyst estimates by 3 pennies with a reported 92 cents per share. For the third quarter, analysts are expecting to the see the company show earnings of 81 cents per share.
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Some big names setting new highs today: STAR, GG, PIR, EBAY
We had a lot of big names trading up to new 52 week highs again today. The overall markets were pretty flat, with the DOW closing the day down 0.14%, the NASDAQ closing the day's trading up 0.04%, and the S&P ending the day a bit lower to finish today's trading down 0.28%.Here are a few of the names that moved higher during the day to set new 52 week highs.
Continue reading Some big names setting new highs today: STAR, GG, PIR, EBAY
Gold soars as dollar continues to weaken
The U.S. dollar continued to decline today, and has helped push gold prices up sharply in today's action.The dollar has been very weak lately, and as more concern mounts of the dollar's strength more investors are rushing into the precious metal, which traded up as high as $1,069.70 today, and is currently up $1.70 an ounce to $1,059.20.
Continue reading Gold soars as dollar continues to weaken
While others are cutting back, Disney is spending
In the current economic environment, a lot of companies are cutting back costs wherever they can in hopes of boosting earnings, but entertainment giant Walt Disney (NYSE: DIS) is taking a different approach and spending in hopes of boosting its sales.
Disney is hoping that by completely revamping its retail stores that it will be able to lure in more customers, keep them longer, and encourage more sales. In order to make the best of their new marketing direction, they have enlisted the aid of one of the greatest (in my opinion) retail designers out there, Steve Jobs.
Continue reading While others are cutting back, Disney is spending
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
