Category: FNNO
Buckle Tops Estimates As Sales Rise 10%
Buckle (NYSE:BKE) reported Q1 EPS of $0.79, topping estimates of $0.76 a share. Revenues in the quarter rose 10% year-over-year to $264 million, inline with estimates. Comparable stores sales for the quarter increased 7.4% from the same period a year ago and online sales increased 15.1% to $19.7 million year over year. Currently, Buckle is [...]
Sears Announces New Spin-Off of Canadian Business
Sears Holdings (NASDAQ:SHLD) announced today its board of directors has approved a spin-off related to its subsidiary Sears Canada. The company owns about 95% of Sears Canada and says it plans to distribute a huge chunk of it to shareholders, keeping a 51% stake. Both companies say the spinoff will hopefully cut costs and raise [...]
JP Morgan Slides As Trading Loss Widens: NYT
It keeps getting worse for JP Morgan Chase. The big bank is currently down over 3% in early trading on news their trading loss might increase. According to the New York Times, the originally reported $2 billion trading loss has surged by at least $1 billion. JP Morgan CEO Jamie Dimon said that the $2 [...]
Alkermes Reports Narrower-Than-Expected Loss
Alkermes (NASDAQ:ALKS) reported a fiscal Q4 loss of $0.14 per share, beating estimates of a loss of $0.16 a share. Revenues in the quarter rose 155% year-over-year to $130.5 million, above expectations of $125.88 million. Richard Pops, Chief Executive Officer of Alkermes commented on the earnings, “During fiscal 2012, we laid the groundwork to build [...]
Dollar Tree Tops Estimates, But Sandbags Guidance
Dollar Tree (NASDAQ:DLTR) reported positive earnings this morning. Posting an Q1 EPS of $1, topping estimates of $0.97. The company reported revenues of $1.72 billion, also above estimates of $1.69 billion. However, Dollar Tree’s outlook for the next quarter and beyond is not as spectacular. The company sees Q2 EPS 87c-93c vs. estimates of 95c, [...]
Walmart Beat Q1 Earnings Estimates
Walmart (NYSE:WMT) reported its first quarter earnings this morning above expectations. The retailer posted an EPS of $1.09, above its original guidance and beating estimates of $1.04 a share. Revenues for the quarter rose 8.6% to $112.3 billion, also above expectations of $110.54 billion. Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer said, [...]
Abercrombie & Fitch Down on Negative Earnings
Clothing retailer Abercrombie & Fitch (NYSE:ANF) reported first quarter earnings this morning, posting an EPS of just $0.03. Although it beat estimates of $0.02, it was down from $0.28 a share a year earlier. Revenues for the quarter rose 10% to $921.2 million, missing estimates of $951.34 million. Mike Jeffries, Chief Executive Officer and Chairman [...]
Facebook Boosts IPO By 25% To 421.2 Million Shares
Facebook boosted its IPO by 25% to 421.2 million shares from 337.4 million shares as holders chose to raise their offering to 241.3 million from 337.4 million, according to its ever evolving S-1 filing. The company still sees about $6.4 billion of net proceeds if the IPO prices at $36 midpoint. The company’s CEO will [...]
Deere & Company Beat Earnings Estimates, Boosts Income Forecast
Deere & Company (NYSE:DE) reported first quarter earnings this morning, posting an EPS of $2.61, beating estimates of $2.53 per share. Revenue for the quarter increased 12% year over year to $10 billion, also above consensus estimates of $9.7 billion. Samuel R. Allen, chairman and chief executive officer of the company commented, “John Deere is [...]
