“Dick’s Sporting Goods Inc. (NYSE:DKS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 7%.

Dick’s Sporting Goods Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 35.53% to $1.03 in the quarter versus EPS of $0.76 in the year-earlier quarter.

Revenue: Rose 12.02% to $1.81 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dick’s Sporting Goods Inc. reported adjusted EPS income of $1.03 per share. By that measure, the company missed the mean analyst estimate of $1.06. It missed the average revenue estimate of $1.86 billion.

Quoting Management: “In the fourth quarter, we experienced continued momentum in athletic footwear and apparel along with strong sales in hunting that exceeded our expectations. These increases were partially offset by lower-than-anticipated sales in outerwear and cold weather accessories, as well as a significant decline in the fitness category,” said Edward W. Stack, Chairman and CEO. “As a result of the unusually warm weather conditions, including during peak selling periods in December, we significantly reduced our inventory levels of cold weather merchandise to align with lower consumer demand and avoid carrying over excess inventory after a second year in a row of warm weather. While this was a prudent move that enabled us to effectively manage inventory and protect our margins, it did limit our ability to capture sales in January when temperatures dropped and snowfall increased.” …”

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“NEW YORK (Reuters) – Wall Street commodity revenues crashed last year to their lowest on record, as tighter regulation and limited price swings squeezed the once dominant traders of Goldman SachsGroup Inc , JPMorgan Chase & Co and Morgan Stanley .

All three firms reported double-digit percentage declines in revenues for oil, grains and copper trading in 2012, illustrating how the one-time ‘Wall Street Refiners’ have withered in the face of subdued markets and restrictions on proprietary trading.

The decline is most stark at Goldman, where commodity revenues collapsed by more than 60 percent year-on-year in 2012 to just $575 million, according to the bank’s annual report.

Long considered the top commodity bank on Wall Street for its expertise in both physical and financial markets, Goldman’s revenues have now fallen by almost 90 percent since 2009 when they totaled more than $4.5 billion.

Morgan Stanley, Goldman’s fellow Wall Street pioneer in commodity markets three decades ago, reported a 20 percent decline in commodity revenues in 2012.

JPMorgan, which has grown its commodity business through a series of bold acquisitions since the 2008 financial crisis and now surpasses both Goldman and Morgan Stanley, saw revenues decline by 16 percent to $2.4 billion.

Spokespeople for the banks, who have regularly declined to discuss their commodity results since they began revealing them in filings in 2009, were not immediately available to comment.

TIGHTENING REGULATION…”

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“Standard Chartered Plc (STAN), Britain’s second-largest lender by market value, cut bonuses by 7 percent and boosted its dividend after it was fined $667 million for U.S. sanctions violations. The shares rose.

The bank will pay a final dividend of 56.77 cents a share, bringing the total for the year to 84 cents, 11 percent more than in 2011, the London-based lender said in a statement today. Pretax profit rose to $6.88 billion from $6.78 billion in 2011, beating the $6.84 billion estimate of 23analysts surveyed by Bloomberg and marking the firm’s 10th consecutive year of record results. Revenue advanced 8 percent to $19.1 billion.

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“Stratasys Ltd. (NASDAQ: SSYS) reported fourth-quarter and full-year 2012 results before markets opened this morning.

For the quarter the 3D printer maker reported adjusted earnings per share (EPS) of $0.40 and $96.4 million in revenues. In the same period a year ago, Stratasys reported an EPS loss of $0.94 on revenue of $78.3 million. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.38 and $52.83 million in revenue.

On a GAAP basis, Stratasys posted a quarterly net EPS loss of $0.09 compared with a GAAP net loss of $0.17 in the fourth quarter of 2011.

For the full year, Stratasys reported adjusted EPS of $1.49 on revenues of $359 million, compared with adjusted EPS of $0.94 on revenues of $277 million for fiscal year 2011. The consensus estimates called for full year EPS of $1.38 on revenues of $199.96 million….”

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“(NYSE: BYD) reported fourth-quarter and full-year 2012 results before markets opened this morning.

For the quarter the casino operator reported an adjusted earnings per share (EPS) loss of $0.31 and $625.8 million in revenues. In the same period a year ago, the company reported an EPS loss of $0.03 on revenue of $606.7 million. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for an EPS loss of $0.13 and $635.37 million in revenue.

On a GAAP basis, Boyd posted a quarterly EPS loss of $10.24, compared with a GAAP net loss of $0.01 in the fourth quarter of 2011. The quarterly loss was mostly due to a $994 million impairment charge on the 87-acre site of Boyd’s planned Echelon development in Las Vegas. The company also announced this morning that it has sold its Echelon site on the Las Vegas Strip to a Malaysian gambling group for $350 million in cash.

For the full year the company reported an adjusted EPS loss of $0.28 on revenues of $2.489 billion. The consensus estimates called for a full-year EPS loss of $0.11 on revenues of $2.5 billion….”

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“HSBC Holdings Plc (HSBA), Europe’s largest bank by market value, posted a decline in full-year profit after paying a record penalty for compliance failures and said costs rose for a third year, missing its target.

Pretax profit for 2012 dropped 5.6 percent to $20.65 billion, trailing the $23.49 billion estimate of 26 analysts surveyed by Bloomberg. Revenue fell 5.4 percent to $68.33 billion from $72.28 billion, HSBC said today in a statement. The shares declined as much as 3.5 percent in London trading.

Chief Executive Officer Stuart Gulliver is being thwarted in his plan to reduce costs to 48 percent to 52 percent of revenue as the London-based lender set aside $1.9 billion to settle U.S.money-laundering probes and boosted spending on compliance by $500 million. Expenses as a proportion of revenue climbed to 62.8 percent from 57.5 percent, and wage inflation in markets such as Latin America is increasing, HSBC said today.

HSBC’s surging costs “illustrate the size of the financial performance gap to be closed,” Ian Gordon, an analyst at Investec Plc in London who has an add recommendation on the shares, wrote in a note to clients today…..”

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“Gap reported quarterly earnings and revenue Thursday that exceeded analyst expectations.

The mall clothing chain that owns the Gap, Old Navy and Banana Republic brands also increased its dividend by 20 percent.

Shares popped more than 3 percent after the closing bell, following the news. What is Gap’s stock doing now?(Click here for the latest after-hours quote.)

Net income for the quarter jumped 61 percent to $351 million, or 73 cents a share, from $218 million, or 44 cents a share in the year-earlier period.

Revenue improved more than 10 percent to $4.73 billion from $4.28 billion a year ago.

Analysts had expected Gap to report earnings of 71 cents a share on $4.63 billion in revenue, according to a consensus estimate from Thomson Reuters.

Sales rose 5 percent at stores open at least a year, considered a key indicator of a retailer’s health.

Gap’s outlook came in on the low end of expectations: It expects to earn between $2.52 and $2.60 per share in 2013; analysts currently expect $2.59 a share. The company cited the weakening yen as a factor….”

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“Wow what a run this company is experiencing!

Salesforce reported fourth-quarter earnings that blew past analysts’ expectations on Thursday, backed by strong sales of its cloud-based services.

The business-software maker’s shares jumped after the announcement. (Click here for the latest after-hours quote.)

The company posted a net loss for the quarter, which widened to $20.8 million, or 14 cents a share, during the quarter from widening from a loss of $4.08 million, or 3 cents, a share a year earlier.

Excluding items such as a one-time tax charge, the company posted a profit of 51 cents a share, up from 43 cents a share a year ago.

Revenue increased 32 percent to $835 million from $632 million a year ago.

Analysts had expected earnings ex-items of 40 cents a share on revenue of $831 million, according to a consensus estimate from Thomson Reuters….”

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“Barnes & Noble has reported Q3 2013 earnings for the fiscal three-month period ending January 31, with a loss of $0.18 per share on quarterly revenues of $2.2 billion. That’s down 8.8 percent from the same period last year, when B&N reported gains of $0.71 per share.

Net losses in Q3 totaled $6.1 million, a clear drop from net earnings of $52 million a year ago.

Analysts predicted revenues of $2.4 billion, and an EPS of $.54. Last quarter saw revenues of $1.9 billion and losses of $0.04 per share.

Q3 has been a messy one for the retailer, which started out as a college text book store. The holiday period, which is usually a sure spike for retailers, left Barnes & Noble with a 10.9 percent sales decrease on B&N retail and BN.com from the same time last year. B&N blames this on declining Nook hardware sales at its retail locations.

Reports are floating around that Barnes & Noble may spin out its Nook hardware business, or perhaps focus its OEM vision on partnerships with Microsoft.

Barnes & Noble denies the reports, with CEO William Lynch stating today that the company is adjusting the Nook strategy and righting the segment’s cost structure. But based on the widening losses compared to Barnes & Noble’s glory days, a drastic change could be needed….”

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“Results: Adjusted Earnings Per Share decreased to $-0.32 in the quarter versus EPS of $0.22 in the year-earlier quarter.

Revenue: Rose 0.34% to $1.7 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cablevision Systems Corporation reported adjusted EPS loss of $0.32 per share. By that measure, the company missed the mean analyst estimate of $0.09. It missed the average revenue estimate of $1.7 billion.

Quoting Management…”

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“Molycorp is delaying its quarterly results and its annual report as it has yet to determine the size of a goodwill impairment charge that it will have to book in the fourth quarter, the rare earth producer said on Thursday.

Shares of Molycorp were down more than 8 percent in pre-market trading. (Click here to track Molycorp stock before the opening bell.)

The company was expected to report financial results for the fourth quarter and full year ended Dec. 31 later on Thursday…”

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“HOFFMAN ESTATES, Ill. (AP) — Sears posted a smaller loss in the fourth quarter as it reduced its inventory and expenses while sales at its namesake stores rose slightly.

The retailer’s stock climbed more than 3 percent in premarket trading on Thursday.

The company that also owns the Kmart store chain lost $489 million, or $4.61 per share, for the period ended Feb. 2. That compares with a loss of $2.4 billion, or $22.63 per share, a year earlier.

Excluding certain items, earnings from continuing operations were $1.12 per share.

Revenue fell 2 percent to $12.26 billion from $12.48 billion. Sears said this was mostly due to the separation of its Sears Hometown and Outlet businesses; the impact of having fewer Kmart and Sears stores in operation and lower revenue from stores open at least a year. This was somewhat offset by having an extra week in the period.

Revenue at U.S. stores open at least a year dropped 1.6 percent in the quarter.

This metric is a key gauge of a retailer’s health because it excludes results from stores recently opened or closed.

Revenue at domestic Sears stores open at least a year edged up 0.8 percent, helped by strength in the clothing, home appliance and home categories. The figure dropped 3.7 percent for Kmart locations and fell 3.8 percent for Sears Canada.

A good part of the drag on results was softness in consumer electronics. Removing this category, total revenue at U.S. stores open at least a year dipped 0.2 percent while Sears rose 2.4 percent and Kmart declined 2.5 percent….”

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“Royal Bank of Scotland Group Plc (RBS), Britain’s biggest taxpayer-owned lender, posted a wider full- year loss after it set aside an additional 1.1 billion pounds ($1.6 billion) to compensate clients wrongly sold insurance and interest-rate hedging products .

The net loss swelled to 5.97 billion pounds from 2 billion pounds in the year-earlier period, RBS said in a statement today. Analysts had predicted a loss of 5.1 billion pounds, according to the median estimate of nine surveyed by Bloomberg. RBS also said it will sell a stake in its Citizens unit in the U.S. and shrink its investment bank to boost capital….”

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“J.C. Penney Co. (JCP) Chief Executive Officer Ron Johnson is facing mounting pressure after the first year of his turnaround plan resulted in the department-store company’s lowest annual sales in more than two decades.

The shares dropped as much as 17 percent in early trading in New York after J.C. Penney said its net loss in the quarter ended Feb. 2 widened to $552 million, or $2.51 a share, from $87 million, or 41 cents, a year earlier. The Plano, Texas-based retailer’s annual revenue slid 25 percent to about $13 billion, the lowest since at least 1987….”

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“Vale SA (VALE), the world’s largest iron- ore producer, reported a record quarterly loss that was wider than analyst forecasts after writing down the value of some nickel, coal and steel assets amid lower commodity prices.

Vale posted a fourth-quarter net loss of $2.65 billion, or 51 cents a share, compared with a profit of $4.67 billion, or 91 cents, a year earlier, the Rio de Janeiro-based company said late yesterday in a statement. Adjusted earnings before interest, taxes, depreciation and amortization declined 41 percent to $4.39 billion, missing a $4.79 billion average estimate by 14 analysts compiled by Bloomberg….”

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“MINNEAPOLIS (AP) — Target’s fiscal fourth-quarter net income dipped 2 percent as it dealt with intense competition during the crucial holiday season. But its adjusted results beat analysts’ estimates and it forecast first-quarter earnings above Wall Street’s view.

Shares rose almost 2 percent in premarket trading Wednesday.

The Minneapolis-based company earned $961 million, or $1.47 per share, for the period ended Feb. 2. That’s down from $981 million, or $1.45 per share, a year earlier….”

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“Saks Inc.’s SKS +0.91% fiscal fourth-quarter earnings fell 45% due to higher expenses, even as revenue increased.

The luxury retailer previously warned it expected flat same-store sales and gross margin for the period, saying sales trends were soft for the first two weeks of November in the aftermath of superstorm Sandy.

Sandy affected about 55% of its total company store revenue base. Due to the storm and its severe flooding and power outages, 11 of the 45 Saks Fifth Avenue stores were closed from one to seven days, including the New York flagship, which was closed for two days.

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“As expected, the New York City flagship store sales lagged the company-wide performance for the quarter, due in part to the impact of Hurricane Sandy,” Chief Executive Stephen I. Sadove said.

Mr. Sadove said he expects the external environment to remain somewhat volatile. “There are several macro factors, such as higher tax rates on the more affluent and the unknown resolution of pending fiscal matters that could create additional uncertainty, particularly in the first half of the year,” he said….”

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“ATLANTA (AP) — Home Depot’s fiscal fourth-quarter net income surged 32 percent, beating expectations with help from strong U.S. sales and an extra week of shopping.

The nation’s biggest home improvement retailer also said Tuesday that it will buy back $17 billion of its common stock and boosted its quarterly dividend by 34 percent.

Its shares rose 98 cents, or 1.5 percent, to $64.90 in premarket trading.

For the period ended Feb. 3, Home Depot Inc. earned $1.02 billion, or 68 cents per share. That compares with $774 million, or 50 cents per share, a year ago. Analysts polled by FactSet expected 64 cents per share.

The chain said that the extra week in the current quarter increased its earnings by about 7 cents per share.

Revenue climbed 14 percent to $18.25 billion from $16.01 billion, beating Wall Street’s estimate of $17.72 billion.

The extra week added approximately $1.2 billion to the current quarter’s revenue.

“We ended the year with a strong performance as our business benefited from a continued recovery in the housing market coupled with sales related to repairs in the areas impacted by Hurricane Sandy,” Chairman and CEO Frank Blake said in a statement.

Revenue at stores open at least a year, a key indicator of a retailer’s health, increased 7 percent. In the U.S., the figure climbed 7.1 percent. The extra week is not included in these results.

This metric excludes results from stores recently opened or closed…”

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“NEW YORK (AP) — Macy’s reported a fourth-quarter profit that beat Wall Street expectations as its strategy of tailoring merchandise to local markets paid off during the holiday season.

The department store chain, which also operates Bloomingdale’s stores, says it earned $730 million, or $1.83 per share, for the period ended Feb. 2. That compares with $745 million, or $1.74 per share, a year earlier, when the company had more outstanding shares.

Not including one-items such as expenses associated with the early retirement of debt, it earned $2.05 per share. Revenue was $9.35 billion, up from $8.72 billion a year ago.

Analysts expected a profit of $1.99 per share on revenue of $9.35 billion.

Looking ahead, the company said it expects revenue at stores open a year to rise 3.5 percent in 2013.”

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