Tag: revenue

Market Week Wrap-up

– Leading global equity indices continued floating upwards this week while the inflation drumbeat just kept getting louder. In the US, the January y/y CPI figure hit +1.6%, its highest level since last spring, and some analysts were alarmed by higher food prices creeping into CPI data sooner than expected. China’s January CPI report was lower than expected at +4.9% y/y, but markets panned the figures as heavily massaged by basket revisions. In the UK, the BoE said CPI would likely continue growing at a 4-5% clip over the short term. The World Bank released a report indicating that food prices were up 15% since October 2010 and are now only 3% away from record highs hit in 2008. Commodities moves complicated the story somewhat. While silver has pushed out to 30-year highs, there were signs that inflated soft commodity prices were beginning to unwind, with cotton and grain prices both below recent highs. Crude and gold prices have been impacted by reports that Iran is sending warships through the Suez Canal and bloody protests in Bahrain (next door to Saudi Arabia), although WTI futures were well below recent highs seen in early February. The Obama Administration unveiled its $3.73T budget proposal for 2012, including an all-time high deficit of $1.65T, reflecting the tax-cut agreement reached with Republicans in December. For 2012, the administration sees the imbalance declining to $1.1T, giving the country a record four straight years of one trillion-plus deficits. Bond prices held steady after the details were released, and Congress sharpened its knives for a budget fight. The Feb Empire Manufacturing survey hit its highest level since last June, indicating that the US manufacturing expansion seen over the last several months is continuing. On Friday there was plenty of commentary out of the G20 conference, where leaders tried mightily to achieve some concrete steps in reforming the global monetary system. Fed Chairman Bernanke took a swipe at the Chinese in his policy address to the G20, warning that nations which keep currency values low create imbalances, while the PBoC’s Zhou continued to push for a higher profile for the IMF’s Special Drawing Rights (SDRs). For the week, the DJIA rose 1.0%, the Nasdaq gained 0.9% and the S&P500 was up 1.0%. – John Deere crushed earnings and revenue targets in its Q1 report and nearly doubled its guidance for FY11 equipment sales. The firm hiked its sales guidance for its key agriculture and construction units as well, and said its Q2 revenue would blow out consensus estimates. Later in the week Caterpillar released very favorable dealer metrics for the month of January, with North America machinery sales up a whopping 58% y/y in the month. – Iron ore miner Cliffs Natural Resources reported very strong Q4 profits on a big y/y gain in iron ore pricing. The company expects global steel production to continue to grow in 2011, although it warned that spot iron ore prices are unsustainably high. Reliance Steel also blew out earnings estimates, and said pricing would remain strong at least through the first quarter of 2011. – In tech, Dell’s profit was way ahead of the consensus in its Q4 report, thanks to a big improvement in margins. The company said it believes the corporate IT…

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Progress Energy Q4 Profit Slips 19%; Adjusted Net Beats View (PGN)

Filed in dividend, earnings, Gold Investing, Gold Investment, o, revenue, shares by on February 18, 2011 0 Comments

Electric utility operator Progress Energy, Inc. ( PGN ) on Friday said its fourth quarter profit fell 19% from last year on flat revenue, but adjusted results narrowly beat analyst expectations. The Raleigh, NC-based company reported fourth quarter net income of $125 million, or 42 cents per share, compared with $154 million, or 55 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 45 cents per share. Revenue remained essentially flat from last year at $2.3 billion. On average, Wall Street analysts expected a slightly smaller adjusted profit of 44 cents per share, albeit on slightly higher revenue of $2.4 billion. Looking ahead, the company predicted full-year 2011 earnings to range from $3 to $3.20 per share, while analysts expect $3.14 per share for the year. Progress also noted that its planned acquisition by rival Duke Energy ( DUK ) is still on track to close by the end of the year. Progress Energy shares were mostly flat in premarket trading Friday. The Bottom Line We have been recommending shares of Progress Energy ( PGN ) since Dec.10, 2009, when the stock was trading at $41.18. The company has a 5.40% dividend yield, based on last night’s closing stock price of $45.92. Progress Energy, Inc. ( PGN ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Campbell Soup Shares Plunge after Cutting 2011 Forecast (CPB)

Filed in dividend, earnings, Gold Bullion prices, o, revenue, shares by on February 18, 2011 0 Comments

Packaged foods maker Campbell Soup Company ( CPB ) on Friday posted fiscal second quarter earnings that met analyst expectations, but cut its full-year outlook, sending its shares plummeting in premarket trading. The Camden, NJ-based company reported fiscal second quarter net income of $239 million, or 71 cents per share, compared with $259 million, or 74 cents per share, in the year-ago period. Revenue fell 1% from last year to $2.13 billion. On average, Wall Street analysts expected a matching profit of 71 cents per share, albeit on slightly higher revenue of $2.15 billion. Looking ahead, the company cut its full-year 2011 outlook, citing weaker-than-expected soup sales. It now expects full-year revenue to range from a 1% decline to a 1% rise, and forecast profits to fall 1% to 3%. Campbell Soup shares plunged $1.45, or -4.2%, in premarket trading Friday. The Bottom Line We recently removed shares of Campbell Soup ( CPB ) from our recommended list. The company has a 3.32% dividend yield, based on last night’s closing stock price of $34.94. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $36 price level. Campbell Soup Company ( CPB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Nordstrom Q4 Profit Jumps 35%; Will Acquire HauteLook for $180 Million (JWN)

Filed in dividend, earnings, Gold, o, revenue, shares by on February 18, 2011 0 Comments

Fashion retailer Nordstrom, Inc. ( JWN ) late Thursday said its fourth quarter profit surged 35% from last year, beating analyst estimates, as the company announced the acquisition of discount luxury website HauteLook. The Seattle-based company reported fourth quarter net income of $232 million, or $1.04 per share, compared with $172 million, or 77 cents per share, in the year-ago period. Revenue rose 10% from last year to $2.92 billion. On average, Wall Street analysts expected a smaller profit of 99 cents per share, on lower revenue of $2.83 billion. Looking ahead, the company forecast full-year 2011 earnings to range from $2.95 to $3.10 per share. Analysts currently expect $3.04 per share for the year. In a separate announcement, Nordstrom said it would buy discount luxury goods website HauteLook for $180 million in stock. Nordstrom shares fell $1.27, or -2.7%, in premarket trading Friday. The Bottom Line Shares of Nordstom ( JWN ) have a 1.72% dividend yield, based on last night’s closing stock price of $46.48. The stock has technical support in the $40-$44 price area. If the shares can firm up, we see overhead resistance around the $50 price level. Nordstrom, Inc. ( JWN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Tech Expert Eyes QuickLogic (QUIK)

Filed in Bank Gold, Guidance, Lear, o, revenue, shares, ubs by on February 15, 2011 0 Comments
Tech Expert Eyes QuickLogic (QUIK)

Filed under: Newsletters , Stocks to Buy “QuickLogic ( QUIK ) recently reported fourth quarter revenue slightly below its revised guidance, and forecast that Q1 new product revenue would be down roughly $100K,” notes tech sector specialist Paul McWilliams . In his Next Inning newsletter, he explains, “Both are clearly disappointing pieces of news. However, as I see it, the disappointment ends there, and I continue to own these shares. “The semiconductor company makes products that enable customers to add new features, extend battery life and enhance images on mobile and consumer products. Continue reading Tech Expert Eyes QuickLogic (QUIK) Tech Expert Eyes QuickLogic (QUIK) originally appeared on BloggingStocks on Tue, 15 Feb 2011 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Expedia Q4 Profit Plunges 30% on Charges; Adjusted Net Misses View (EXPE)

Filed in dividend, Gold Investing, o, revenue, shares by on February 11, 2011 0 Comments

Online travel agency Expedia, Inc. ( EXPE ) late Thursday said its fourth quarter profit fell 30% from last year on one-time items, sending its shares plunging in aftermarket trading. The Bellevue, WA-based company reported fourth quarter net income of $71.3 million, or 25 cents per share, compared with $102.2 million, or 35 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 32 cents per share. On a more positive note, revenue rose 16% from last year to $808.4 million. On average, Wall Street analysts expected a higher adjusted profit of 32 cents per share, albeit on lower revenue of $801.5 million in revenue. Expedia shares fell $3.37, or -13%, in premarket trading Friday. The Bottom Line Shares of Expedia ( EXPE ) have a 1.09% dividend yield, based on last night’s closing stock price of $25.69. The stock has technical support in the $20 price area. If the shares can firm up, we see overhead resistance around the $26-$28 price levels. Expedia, Inc. ( EXPE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Wynn Resorts Swings to Q4 Profit, Beating View (WYNN)

Filed in dividend, Gold Investment, o, revenue, shares, Wynn Resorts by on February 11, 2011 0 Comments

Casino operator Wynn Resorts, Limited ( WYNN ) on Friday said it swung to a fourth quarter profit, beating analyst estimates, aided chiefly by a huge jump in its Macau unit. The Las Vegas-based company reported fourth quarter net income of $114.2 million, or 91 cents per share, compared with a net loss of $5.2 million, or -4 cents per share, in the year-ago period. Revenue surged 33% from last year to $1.24 billion. On average, Wall Street analysts expected a much smaller profit of 71 cents per share, on lower revenue of $1.134 billion. On a sour note, however, the company said that although its Macau business remained robust, that the Las Vegas casino market would likely continue to struggle in 2011. Wynn Resorts shares were mostly flat in premarket trading Friday. The Bottom Line Shares of Wynn Resorts ( WYNN ) have a .83% dividend yield, based on last night’s closing stock price of $120.15. The stock has technical support in the $112-$116 price area. If the shares can firm up, we see overhead resistance around the $126-$127 price levels. Wynn Resorts, Limited ( WYNN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Kraft Foods Q4 Profit Falls on Acquisition Costs; Forecast Cut (KFT)

Filed in dividend, earnings, Gold Investment, o, revenue, shares by on February 11, 2011 0 Comments

Packaged foods giant Kraft Foods Inc. ( KFT ) late Thursday said its fourth quarter profit plunged 24% from last year due to Cadbury acquisition costs, and lowered its full-year outlook on cost concerns. The Northfield, IL-based company reported fourth quarter net income of $540 million, or 31 cents per share, compared with $710 million, or 48 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 46 cents per share. Revenue surged 30% from last year, due mostly to the addition of Cadbury revenue, to $13.77 billion. On average, Wall Street analysts expected a matching profit of 46 cents per share, on lower revenue of $13.48 billion. Looking ahead, the company warned that weak consumer confidence and rising ingredient costs would affect its bottom line. Kraft said it now expects 11% to 13% earnings growth for the year, compared with a prior forecast for growth in the “mid-teens.” Kraft shares fell 81 cents, or -2.6%, in premarket trading Friday. The Bottom Line We have been recommending shares of Kraft Foods ( KFT ) since May 5, 2009, when the stock was trading at $24.26. The company has a 3.73% dividend yield, based on last night’s closing stock price of $24.26. Kraft Foods Inc. ( KFT ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Northrop Grumman’s Q4 Earnings Fall; Forecast Lowered (NOC)

Filed in dividend, earnings, Gold Investing, o, revenue, shares by on February 9, 2011 0 Comments

Defense contractor Northrop Grumman Corporation ( NOC ) on Wednesday posted better-than-expected fourth quarter profits, but lowered its full-year forecast below analysts’ view. The Los Angeles-based company reported fourth quarter net income of $376 million, or $1.27 per share, compared with $413 million, or $1.31 per share, in the year-ago period. Revenue fell more than 3% from last year to $8.61 billion. On average, Wall Street analysts expected a much smaller profit of $1.01 per share, albeit on higher revenue of $8.80 billion. Looking ahead, the company forecast full-year 2011 earnings to range from $6.40 to $6.60 per share, excluding its shipbuilding business, which will be sold or spun off this year. Analysts currently expect a higher full-year profit of $6.98 per share. Northrop Grumman shares were mostly flat in premarket trading Wednesday. The Bottom Line Shares of Northrop Grumman ( NOC ) have a 2.64% dividend yield, based on last night’s closing stock price of $71.09. The stock has technical support in the $66 price area. If the shares can firm up, we see overhead resistance around the $75 price level. Northrop Grumman Corporation ( NOC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Polo Ralph Lauren Q3 Profit Rises, Beating View; Forecast Raised; Dividend Doubled (RL)

Filed in dividend, earnings, Gold Investment, o, revenue, shares by on February 9, 2011 0 Comments

Apparel maker Polo Ralph Lauren Corporation ( RL ) on Wednesday reported better-than-expected fiscal third quarter earnings, raised its forecast, and doubled its quarterly dividend payout. The New York-based company reported third quarter net income of $168.4 million, or $1.72 per share, compared with $111.1 million, or $1.10 per share, in the year-ago period. Revenue rose 25% from last year to $1.55 billion. On average, Wall Street analysts expected a much smaller profit of $1.29 per share, on lower revenue of $1.46 billion. Looking ahead, the company boosted its full-year earnings outlook, citing better operating performance. In a separate announcement, the company said its board of directors authorized a 100% raise in its quarterly dividend payout, from 10 cents per share to 20 cents. Polo Ralph Lauren shares rose $4.13, or +3.6%, in premarket trading Wednesday. The Bottom Line Shares of Polo Ralph Lauren ( RL ) will now have a .69% dividend yield, based on the new higher dividend payout and last night’s closing stock price of $115.77. The stock has technical support in the $105-$110 price area. The shares are trading at all-time highs and have little overhead resistance. Polo Ralph Lauren Corporation ( RL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Coca-Cola’s Q4 Profit Rises, Beating View (KO)

Filed in dividend, Gold, Gold Bullion prices, o, revenue, shares by on February 9, 2011 0 Comments

Beverage giant The Coca-Cola Company ( KO ) on Wednesday said its fourth quarter profit surged significantly higher from last year, beating analyst estimates. The Atlanta-based company reported fourth quarter net income of $5.77 billion, or $2.46 per share, compared with $1.54 billion, or 66 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 72 cents per share. Revenue rose nearly 40% from last year to $10.49 billion. On average, Wall Street analysts expected a smaller profit of 72 cents per share, on lower revenue of $10.16 billion. Coca-Cola shares rose 94 cents, or +1.5%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of Coca-Cola ( KO ) since July 30, 2009, when the stock was trading at $49.28. The company has a 2.80% dividend yield, based on last night’s closing stock price of $62.87. The Coca-Cola Company ( KO ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Disney Shares Pop on Solid Q1 Earnings (DIS)

Filed in dividend, Gold, Gold Bullion prices, o, revenue, shares, Walt Disney by on February 9, 2011 0 Comments

Entertainment giant The Walt Disney Company ( DIS ) on Wednesday said its fiscal first quarter profit jumped 54% from last year, beating analyst estimates and sending its shares higher in premarket trading. The Burbank, CA-based company reported fiscal first quarter net income of $1.3 billion, or 68 cents per share, compared with $844 million, or 44 cents per share, in the year-ago period. Revenue rose 10% from last year to $10.7 billion. On average, Wall Street analysts expected a much smaller profit of 56 cents per share, on lower revenue of $10.5 billion. Disney shares rose $1.47, or +3.6%, in premarket trading Wednesday. The Bottom Line Shares of Walt Disney ( DIS ) have a .97% dividend yield, based on last night’s closing stock price of $41.18. The stock has technical support in the $38 price area. The shares are trading at all-time highs and have a little overhead resistance. The Walt Disney Company ( DIS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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