Posts tagged reports
Sprint Nextel Reports Narrower-Than-Expected Loss
Apr 25th
Sprint Nextel (NYSE:S) reported a Q1 loss of $0.29 per share, beating estimates for a loss of $0.41.
The company reported net operating revenues of $8.73 billion, vs. estimates of $8.7 billion.
Dan Hesse, Sprint CEO commented on the earnings, “The continuing revenue growth on the Sprint platform, which represents the future of our company, driven by record ARPU improvement and strong net subscriber growth, contributed to our Adjusted OIBDA performance of $1.2 billion. The value and simplicity of our unlimited data, talk and text plans, combined with an unsurpassed customer experience and our increasingly robust device portfolio make for a strong combination.”
Currently, the company is trading almost a half a percent lower to $2.46 on the news.
Delta Airlines Reports First Quarter Earnings
Apr 25th
Delta Airlines (NYSE:DAL) announced their first quarter results this morning, posting an EPS loss of $0.05 a share which was in line with estimates. Revenues for the quarter rose 9% year over year coming in at $8.4 billion which was also in line with estimates.
Richard Anderson, Delta’s chief executive officer commented on the earnings, “Our March quarter improvement in results and operations are further evidence of the building momentum at Delta. I want to thank Delta employees worldwide for the hard work that produced these results. By staying true to our plan and doing more of the same — increasing revenues, maintaining discipline with costs, capacity and capital, running a great operation and taking care of our employees and customers — we expect the June quarter and full year will be not only solidly profitable but also a significant improvement over last year, despite higher fuel prices.”
Currently, Delta Airlines is trading down almost 1% lower to $10.40 a share.
Home Builders Jump on Housing Data
Apr 24th
Bloomberg’s Alix Steel reports that homebuilding stocks are rising on today’s home price and new home sales data with signs that the housing market is beginning to turn in certain areas of the country. She speaks on Bloomberg Television’s “InBusiness With Margaret Brennan.”
Apple vs Chipotle: Which is the Stronger Stock?
Apr 24th
In today’s “Off The Charts” Bloomberg’s Scarlet Fu reports on the upward climb of Apple and Chipotle stocks, which both offer investors double digit returns and determines which one may be a better value. She speaks on Bloomberg Television’s “InBusiness With Margaret Brennan.”
McDonald’s Reports Inline Results
Apr 20th
McDonald’s (NYSE:MCD) reported Q1 EPS of $1.23, inline with estimates.
Revenues in the quarter rose 7% year-over-year to $6.55 billion, inline with estimates.
McDonald’s Chief Executive Officer Jim Skinner commented saying, “McDonald’s continued momentum in first quarter drove market share gains and profitability across all geographic segments. The ongoing strength of McDonald’s results, amidst persistent economic headwinds, is a testament to our customer-focused plans and our proven business model. We remain committed to the global priorities that are most impactful to our customers — evolving our menu, modernizing the customer experience and broadening accessibility to our Brand. As we enter the second quarter, global comparable sales growth for April is expected to be about 4%.”
The company reported Q1 global comparable sales up 7.3%, vs. estimates of up 6.7%.
By segment; US comparable sales rose 8.9%, vs. estimates of up 8.3%; Europe comp sales rose 5%, vs. estimates of up 4.2%; APMEA rose 5.5%, vs. estimates of up 5.9%.
Bank Of America Reports Mixed Results (BAC)
Apr 19th
4-19-12-Bank of America (NYSE:BAC) reported Q1 EPS of $0.31, beating estimates of $0.12.
Revenues in the quarter fell 10% year-over-year to $22.5 billion, missing estimates by $500 million.
Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
Morgan Stanley Tops Estimates
Apr 19th
4-19-12-Morgan Stanley (NYSE:MS) reported Q1 EPS of $0.71, ex-DVA, vs. estimates of $0.44.
The bank reported total net revenues of $8.9 billion, vs. estimates of $7.94 billion.
The company reported tier 1 common of 13.2% vs. 13.0% QoQ.
The company is set to hold its conference call at 10 AM EST.
Fastenal Company Reports Inline Results
Apr 12th
Fastenal Company (NASDAQ:FAST) reported Q1 EPS of $0.34, inline with consensus estimates. Revenues in the quarter rose 20% year-over-year to $768.9 million, inline with consensus estimates.
Shares of the company slipped 2.68% to $48.30 in premarket trading.
Fastenal is currently below its 50-day moving average (MA) of $51.67 and should find support at its 200-day MA of $40.99.
CME Group Purchases GreenX Holdings
Apr 3rd
CME Group (NYSE:CME) bought GreenX Holdings LLC, the second largest carbon exchange in the world with more than 450,000 contracts traded last year.
CME Chief Operating Officer Bryan Durkin said, “Since its launch in 2008, GreenX has increased its market share and positioned itself as an industry leader, providing innovative futures and options contracts for environmental markets.”
Financial terms were not disclosed.
CME Group (NYSE:CME) has potential upside of 4.5% based on a current price of $291.22 and an average consensus analyst price target of $304.31.
Apple Patent Uncovered For 3D Details
Mar 30th
According to reports, Apple (NASDAQ:AAPL) filed a patent that indicates it could roll out a 3D feature.
Patently Apple said the patent “applies to both still and video shots, and would hypothetically vastly improve on the 3D imaging used by smartphones today.”
Apple (NASDAQ:AAPL) has potential upside of 10.5% based on a current price of $605.72 and an average consensus analyst price target of $669.45.
