Everyone’s first pick is Apple Inc., but Q2 may see a new behemoth help to drive earnings growth this quarter.Comments »
"It's another quiet week on the earnings front, but there are a few reports to take note of this week. Overall, traders have another three or four weeks of sluggishness on the earnings front to contend before the second-quarter earnings parade really kicks into high gear. For this week, traders that are looking to take a break from Europe can opt to focus on the following earnings reports."Comments »
“NEW YORK (AP) — McDonald’s Corp. says strength in the U.S. and Europe drove up a key revenue figure in May, but noted that ongoing economic volatility around the world is pressuring its second-quarter results.
The fast-food chain, based in Oak Brook, Ill., also warned that foreign currency translations are now expected to hurt second-quarter earnings by 7 cents per share to 9 cents per share.
Shares of McDonald’s fell $2.40 to $88.38 in premarket trading.”Comments »
NetApp beats by $0.03, reports revs in-line; guides Q1 EPS below consensus, revs below consensus (32.86 -0.44)
Reports Q4 (Apr) earnings of $0.66 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.63; revenues rose 19.0% year/year to $1.7 bln vs the $1.68 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.34-0.39 vs. $0.59 Capital IQ Consensus Estimate; sees Q1 revs of $1.4-1.5 bln vs. $1.61 bln Capital IQ Consensus Estimate.
Down 25%+Comments »
Pandora Media beats by $0.08, beats on revs; guides Q2 EPS below consensus, revs in-line; guides FY13 EPS above consensus, revs above consensus
Reports Q1 (Apr) loss of $0.09 per share, $0.08 better than the Capital IQ Consensus Estimate of ($0.17); revenues rose 57.5% year/year to $80.3 mln vs the $74.37 mln consensus. hours: Total listener hours grew 92% to approximat billion for the first quarter of fiscal 2013, compared to approximately 1.6 billion for the first quarter of fiscal 2012. Co issues mixed guidance for Q2, sees EPS of ($0.05)-(0.03) vs. ($0.02) Capital IQ Consensus Estimate; sees Q2 revs of $99-101 mln vs. $100.52 mln Capital IQ Consensus Estimate. Co issues upside guidance for FY13, sees EPS of ($0.11)-($0.07) vs. ($0.15) Capital IQ Consensus Estimate; sees FY13 revs of $420-427 mln vs. $415.92 mln Capital IQ Consensus Estimate.
“Best Buy Co. (BBY), the largest U.S. consumer-electronics retailer, reported first-quarter profit that exceeded analysts’ estimates, helped by demand for smartphones.
Net income fell 25 percent to $158 million, or 46 cents a share, from $212 million, or 65 cents, a year earlier, the Richfield, Minnesota-based company said today in a statement. Profit excluding restructuring costs totaled 72 cents a share. Analysts projected 59 cents, the average of 22estimates compiled by Bloomberg.”Comments »
“MOORESVILLE, N.C. (AP) — Lowe’s Cos.’ first-quarter profit climbed 14 percent, as warmer weather helped boost sales. But the world’s second-biggest home improvement company lowered its full-year earnings forecast on Monday, saying it is still cautious on the housing market and economic conditions.”Comments »
“(Reuters) – Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday.
Fixed income, currency and commodities trading revenue is likely to be particularly challenged for a group of banks including Goldman Sachs Group Inc and Morgan Stanley , dropping 32 percent from the previous quarter, Abouhossein predicted.
The group of eight banks will also report a 14 percent decline in equities trading revenue and a 17 percent fall in investment banking revenue, according to Abouhossein’s estimates based on activity so far.”Comments »
“(Reuters) – Sears Holdings Corp (SHLD.O) said on Thursday it plans to spin off a large part of its stake in its Canada unit, which Chairman Edward Lampert spent years trying to gain control of, to better focus on its U.S. business.
Separately, Sears Holdings reported a first-quarter adjusted operating loss that came in better than analysts’ estimates but revenues fell from a year ago.”Comments »
“Chip maker Nvidia Corp. (NASDAQ: NVDA) handily beat consensus estimates for first quarter revenues and EPS the company reported this morning. Revenue totaled $924.9 million compared with an estimate of $916.2 million and adjusted EPS came in at $0.16 versus an estimate of $0.10.”Comments »