FeedPosted Nov 21st 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Dell (DELL), Target Corp. (TGT), Gap Inc (GPS)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- ADC Telecommunications Inc. (ADCT) posted a surprise net loss for Q4 and predicted a loss in Q1.
- BJ's Wholesale Club Inc. (BJ) shares fell after Q3 earnings met expectations and offered guidance for FY.
- Dell Inc. (DELL) posted lower-than-expected Q3 earnings, prompting a sell-off of shares.
- Foot Locker Inc. (FL) said Q3 earnings slumped more than analysts' forecast, sending shares lower.
- Gap Inc. (GPS) reported growth of EPS and revenue in Q3 and announced a share buyback program.
Continue reading Earnings highlights: Dell, Foot Locker, Gap, Lowe's, Saks, Target ...
Posted Nov 20th 2009 5:20PM by Steven Mallas (RSS feed)
Filed under: Earnings reports
I was wrong about Ann Taylor Stores Corp. (ANN). Thought it might make a possible earnings trade. Well, Q3 earnings are out, and it looks like the market has given a thumbs down to my thesis. At the time of this writing, shares were off by almost 4%.
It's funny, because Ann Taylor has done so well in 2009 as a stock that one could have supposed that a wide earnings beat would serve as a catalyst for capital appreciation. The retailer made 20 cents per share on an adjusted basis. According to my earnings preview, 6 cents was the analyst number. I mean, come on, that's an example of solid performance, correct?
Continue reading Ann Taylor out of style with investors after Q3 report
Posted Nov 20th 2009 1:00PM by Brent Archer (RSS feed)
Filed under: Major movement, Earnings reports, Forecasts, Bad news, Options, Technical Analysis

ADC Telecommunications (
ADCT -
option chain) stock is trading lower today after
the company posted a fourth-quarter loss last night of $19.8 million, or 20 cents per share, on revenue of $183.9 million. ADCT also forecast a first-quarter adjusted loss of 10 to 0 cents per share on revenue of $250 million to $275 million. Analysts are forecasting a profit of 11 cents per share on revenue of $274 million. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on ADCT.
This morning, ADCT opened at $5.46. So far today the stock has hit a high of $5.93 and a low of $5.35. As of 12:05, ADCT is trading at $5.71, down 93 cents (-14.0%). The chart for ADCT looks bullish and
S&P gives ADCT a positive 5 STARS (out of 5) strong buy ranking.
Continue reading ADC Telecom (ADCT) drops sharply on Q4 loss, Q1 forecast
Posted Nov 20th 2009 11:00AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT)
Foot Locker (FL), which competes against Collective Brands (PSS) and Wal-Mart (WMT) for a share of the shoe industry, issued a Q3 report on Thursday after the bell that was typical of many retailers: declining sales and dismal profits. Sometimes, the market is in the mood to ignore such grim news, but such indifference is usually predicated on an earnings beat. Unfortunately, this was not the case for the New York-based specialty athletic retailer.
On an adjusted basis, per-share profit dropped over 40% to 10 cents per share. Analysts were looking for 13 cents per share, according to Earnings.com. Same-store sales took a dive of 8.2%.
Continue reading Foot Locker has tough Q3, but does the dividend yield mean anything?
Posted Nov 19th 2009 3:50PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), Target Corp. (TGT), Sears Holdings (SHLD)
Sears Holdings (SHLD) was selling off close to 5% at the time of this writing in reaction to the company's Q3 report. On an adjusted basis, the retailer lost 81 cents per share. That was better than the 90 cents lost in the comparable period, and it did beat the forecast as highlighted in our earnings preview.
I'm sort of shocked that the market didn't bid Sears higher. Going into the earnings news, the stock was hanging out near a 52-week high. Let's see, Wall Street sends the stock to the high point of the range, the release comes out, the loss isn't as bad as analysts expected it to be, and everyone sells. The market sure is strange sometimes, isn't it?
Continue reading Sears Holdings beats estimates, but still has a bad trading day
Posted Nov 19th 2009 2:50PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Sony Corp ADR (SNE), Activision Inc (ATVI), Nintendo (NTDOY)

GameStop (
GME) posted what I thought was a mediocre
third quarter. Total sales went up about 8%, and earnings per share increased a few pennies to 31 cents. When you think video games, you think growth. That doesn't feel like growth, does it? Not the kind that sends a stock to the moon, certainly. Furthermore,
same-store sales saw a decrease of 7.8%, driven by lackluster hardware transactions. Indeed, we may be hitting a point in the console cycle where the demand for systems from Sony (
SNE), Microsoft (
MSFT), and Nintendo (
NTDOY) has essentially been satiated.
Here's the big question on the mind of traders: unimpressive Q3 or not, should GameStop be bought now?
Continue reading GameStop: Not the greatest quarter, but a buy nonetheless?
Posted Nov 19th 2009 8:45AM by Mark Fightmaster (RSS feed)
Filed under: Earnings reports

On Wednesday afternoon, NetApp (
NTAP) announced that its second-quarter profit came in more than twice that from the same period a year ago. The company raked in
27 cents per share during the quarter, compared to 13 cents per share a year ago. Excluding items, the tech firm would have pulled in 37 cents per share. Expectations called for earnings of 30 cents per share on revenue of $881.6 million. Actual revenue came in at $910 million, handily topping the consensus estimate.
NTAP's CFO, Steve Gomo, attributed the far better-than-expected earnings to improved sales of the company's main storage-area-networking. This product helps businesses build their data storage operations.
Continue reading NetApp reports healthy quarterly earnings on strong equipment sales
Posted Nov 17th 2009 12:20PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings reports, Forecasts, Technical Analysis
Canadian Solar Inc. (CSIQ) tagged a new 52-week peak Tuesday morning in the wake of its latest earnings report. The solar company announced that it raked in a third-quarter profit of $25.3 million, or 69 cents per share, while revenue dipped 16% to $213.1 million. The results handily exceeded analysts' consensus expectations for a profit of 54 cents per share on $210.9 million in revenue.
Shipments for the recently concluded quarter more than doubled on a sequential basis, arriving at 102.6 megawatts (MW). For 2010, Canadian Solar said it expects shipments to range between 600 MW and 700 MW, compared to the current 2009 forecast for shipments of 295 MW to 305 MW.
Continue reading Canadian Solar soars to new annual high on earnings beat
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