Posts Tagged ‘quarter earnings’

Caterpillar Posts Better Than Expected Q1 Earnings

Posted by Michael on April 26th, 2010

CaterpillarStrong first quarter earnings from Caterpillar Inc. (CAT) have helped pushed the market higher to start off the week.

Shares of Caterpillar are up 4.5% on the day to $71.91, up $3.13 following better than expected results this morning before the market opened.

Analysts were forecasting $0.39 per share, and the company easily outpaced those estimates with a reported $0.50 per share.

Revenues were a bit shy of analyst estimates, but the stock is surging after it raised its forecast for full year 2010 to $2.50 to $3.25 a share, up from its previous forecast of $2.50 per share.

S&P boosted its price target on the stock to $80 a share, and maintained its Buy rating on the company.

The company noted that the global economy is definitely improving, and as a result construction has been rebounding. This helped pushed the overall market higher today, with the DOW up over 25 points in afternoon trading.

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Posted in Earnings, Forecasts, Good News, Major Moves, Market Updates Tags: , , , , , , , , , , , , , , , , , , 1 Comment »

Pier 1 Fourth Quarter Earnings Preview

Posted by Michael on April 7th, 2010

pier1Home furnishing retailer Pier 1 Imports (PIR) is trading slightly higher today ahead of tomorrow’s fourth quarter earnings report.

With hopes building that the economic recovery is on solid footing, Wall Street will be looking for Pier 1 earnings as an indicator of just how much money people are putting back into their homes.

For the quarter, analysts have forecast Pier 1 to report earnings of $0.31 per share. During the same period last year the company had a loss of $0.33 per share.

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Strong earnings send market higher

Posted by Michael on November 13th, 2009

All of the major index’s were higher today, following a strong round of earnings report this morning.

The DOW closed the day up 0.7%, NASDAQ up 0.8% and the S&P rose 0.5%.

Walt Disney (NYSE: DIS) reported fiscal fourth quarter earnings last night following the market close, and easily outpaced analyst estimates. Analysts had been expecting to see the company report 41 cents per share, but the actual report was much higher at 46 cents per share.

Retailer J.C. Penny (NYSE: JCP) reported third quarter earnings this morning that fell a penny short of analyst estimates, but fell in the upper range of the company’s earlier earnings forecast.

DIS stock traded up 4.8% on the day, while JCP gained 6.2% on the day.

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Disney (DIS) up sharply after posting strong Q4 earnings

Posted by Michael on November 12th, 2009

disneyThis afternoon entertainment giant Walt Disney Co. (NYSE: DIS) reported its fiscal fourth quarter earnings, and posted strong numbers that easily outpaced analyst estimates for the quarter.

Going into this afternoon’s earnings report, analysts had been expecting the company to post earnings of 41 cents per share. The company’s actual earnings came in higher, with a reported 47 cents per share.

For the same period last year the company had 40 cents in earnings.

Late day traders are pushing shares up 3% in after hours trading.

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Some big names set new highs today (AMZN, RSH, MS, TJX)

Posted by Michael on October 26th, 2009

tradersThe market ended the day in the red, but several companies went against the trend and rose to new 52 week highs today.

Amazon (NASDAQ: AMZN) rose to a new 52 week high today of $125.68 and ended the session up 5.2% to 124.6399. The company is still riding high on last week’s solid earnings report. The company was expected to show earnings of 33 cents per share, but came in with a reported 45 cents.

RadioShack (NYSE: RSH) soared after posting strong third quarter earnings this morning. The stock finished the day up 15.9% on solid third quarter earnings, during which it earned 30 cents per share.

Morgan Stanley (NYSE: MS) ended the day in the red, but traded up to a new 52 week high earlier in the session of $35.78. The stock closed the day down 0.5% at $34.80.

TJX Companies (NYSE: TJX) started the week off strong, rising to a new 52 week high today of $40.64. The stock is moving higher following a report from Barron’s last week which estimated the stock could easily see another 15% price jump.

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DOW closes over 10,000, some big names hit new highs: INTC, JPM, EMC

Posted by Michael on October 14th, 2009

bull.jpgThe DOW closed above the psychological 10,000 mark today for the first time in a year, and ended the day up 1.47% to 10,115.86.

The first time that the DOW rose above the 10,000 mark was all the way back in 1999, and at that time investors celebrated, and drank champagne, but this time it was not so much a reason to celebrate as a reason to relax a bit, as Wall Street continues to claw its way back from the lows set in March of this year.

It has been an impressive run for the DOW, which is now up 53% from the lows it set earlier this year. The market had a good day on the back of strong earnings from Intel Corp. (NYSE: INTC) and JP Morgan (NYSE: JPM).

A few stocks that hit new 52 week highs today include:

  • Intel Corp (NYSE: INTC): The company hit a high of $21.27 and closed the day up 1.6% at $20.83. The company reported 33 cents per share, which was higher than the 28 cents that analysts had been expecting to see.
  • JP Morgan (NYSE: JPM): JP Morgan hit a high of $47.47 on the day, and closed the session up 3.3% to $47.16, up $1.50. The company reported earnings of 82 cents per share for its third quarter, above analyst estimates for 52 cents a share.
  • EMC Corp. (NYSE: EMC): EMC set a new 52 week high today after the stock was upgraded this morning by Thomas Weisel to Overweight from Market Weight, and the broker raised its price target on the stock to $24 from $15. The stock hit a new high of $18.33 and closed today’s trading up 1.3% to $18.16, up $0.24.

Other big names hitting new highs today were Cisco Systems (NASDAQ: CSCO), Wyeth (NYSE: WYE), Merck (NYSE: MRK), and Goldman Sachs (NYSE: GS).

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PepsiCo (PEP) earnings preview

Posted by Michael on October 8th, 2009

pepsiSoft drink giant PepsiCo (PEP) will get its turn to impress Wall Street in the morning when it reports its third quarter earnings numbers.

The last time that the company reported earnings was back on July 22 when it outpaced analyst estimates by 2 pennies with a reported $1.02 per share for its second quarter.

Going into tomorrow’s report analysts are looking for the company to show earnings of $1.02 per share. Should the company beat analyst estimates, it would mark the fourth straight quarter that the company was able to surprise to the upside.

PepsiCo recently announced a major $7.8 billion deal to acquire 2 of its main bottlers in an attempt to cut costs, and get new products to the market quicker.CEO Indra Nooyi stated that the deal is a major step to helping the company compete in a market where soda sales are falling.

The company has been facing a tougher market, as more consumers are drifting away from soft drinks and replacing them with healthier drinks such as juices and teas. One thing that has helped PepsiCo deal with the drop in soda sales has been its successful Frito-Lay food line.

Analyst take: Michael Branca, an analyst with Barclays Capital recently boosted his forecast for the quarter to $1.03, stating that he believes Frito-Lays sales will help offset falling soda sales.

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