Recent Articles
Deere Earnings Strong Amid Euro Worries (DE, CAT, CNH)
Germany's ban on naked short selling sent a tremor through the markets today, increasing fears that the euro was going to weaken further. Heavy machinery makers like Deere & Co. (NYSE: DE), Caterpillar, Inc. (NYSE: CAT), and CNH Global N.V. (NYSE: CNH) which could take a hit from reduced construction overseas, watched share prices drop between 2% and 5% even though Deere reported that it beat EPS and revenue expectations.
Target and BJ Earnings Tops Estimates on Strong Sales (TGT, BJ, WMT)
Discount retailer Target Corp. (NYSE: TGT) beat analysts' earnings estimates of $0.86 EPS today, hitting a record $0.90 for a non-holiday quarter. The company's sales revenues came in at $15.2 billion, below expectations of $15.58 billion. Retailer BJ's Wholesale Club Inc. (NYSE: BJ) also reported earnings that exceeded expectations this morning. BJ's earnings per share rang in at $0.49, higher than analysts' estimates of $0.43. Sales totaled $2.55 billion, below estimates of $2.61 billion. Yesterday's earnings report from Wal-Mart Stores, Inc. (NYSE: WMT) beat estimates of both EPS and revenues
Macarthur Coal Rejects Offer from Peabody (BTU, MT, PKX, YZC)
Wal-Mart Stores, Inc. (NYSE: WMT) posted earnings today that included EPS of $0.88 on revenues of $99.1 billion this morning, beating EPS expectations of $0.83 and revenue estimates of $98.3 billion. The company also guided its second fiscal quarter EPS higher, from $0.88 last year to $0.93-$0.98. Analysts were already expecting EPS for the quarter to hit $0.98. Target Corp. (NYSE:TGT) reports quarterly earnings tomorrow and analysts are expecting EPS of $0.86, up from $0.69 a year ago, and revenues of $15.58 billion, up from $14.83 in the first quarter of 2009.
Walmart WMT Earnings Good, Target TGT Should Be Better
Wal-Mart Stores, Inc. (NYSE: WMT) posted earnings today that included EPS of $0.88 on revenues of $99.1 billion this morning, beating EPS expectations of $0.83 and revenue estimates of $98.3 billion. The company also guided its second fiscal quarter EPS higher, from $0.88 last year to $0.93-$0.98. Analysts were already expecting EPS for the quarter to hit $0.98. Target Corp. (NYSE:TGT) reports quarterly earnings tomorrow and analysts are expecting EPS of $0.86, up from $0.69 a year ago, and revenues of $15.58 billion, up from $14.83 in the first quarter of 2009.
Chinese Solar IPO Greeted With Yawns and Caution (JKS, YGE, LDK, TSL)
Shares of Chinese solar IPO JinkoSolar (JKS) are trading down today, as are many of the solar wafer makers including YGE, LDK and TSL.
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