Filed under: Earnings reports, Trina Solar ADS (TSL), Suntech Power Hldgs ADS (STP)Increasing demand for solar energy and solar products proved to be a boon for Trina Solar Ltd. (NYSE: TSL) and LDK Solar Co. Ltd. (NYSE: LDK) as both companies reported Wednesday that their earnings soared in the third quarter. Investors were not impressed, however, pushing shares lower. Trina Solar, a maker of s...
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Citigroup Inc., in 2007, spent considerable effort in trying to launch what came to be known as “The Entity,” a giant Golemesque structure that would gobble up problematic assets known as structured investment vehicles. Citigroup has become that Entity, and markets don’t like it. The company’s equity and debt have been hit after it said it would take on $17 billion of th...
Filed under: Earnings reports, Home Depot (HD), Sears Holdings (SHLD), Lowe's Cos (LOW)Well, seems like Lowe's Companies, Ic. (NYSE: LOW) did much better than expected during the third quarter. And I was apparently too pessimistic in my earnings preview. The call was for $0.28 per share. The home-improvement retailer beat expectations by $0.05 per share, according to Thomson Reuters estimates. ...
(AP:NEW YORK) Hewlett-Packard Co. offered a fourth-quarter outlook slightly above Wall Street’s expectations Tuesday despite the sagging economy, going against the grain even as other technology bellwethers have slashed forecasts and posted weak results in recent weeks. Its shares climbled more than 13 percent in morning trading. The Palo Alto, Calif.-based company expects earnings of 84 ...
Substantive news is being ignored in the premarket session as investors focus on generalized worries about the automakers and the economy. Hewlett-Packard offered — dare we say it — a surprisingly upbeat outlook, saying results will come in better than analysts expect in the latest quarter, and Home Depot’s earnings were not quite as bad as expected. Still, S&P 500 future...
Hewlett-Packard Company (NYSE: HPQ) is trying to save technology stocks this morning all on its own. Or that is how it seems with its guidance. The company issued preliminary guidance for its fourth quarter-end in October with revenues of roughly $33.6 billion and $1.03 non-GAAP EPS. Thomson Reuters (First Call) had estimates at $33.09 billion in revenues and $1.00 EPS. The company is also giv...
Stocks in the news: YHOO, HD, GM, HPQ, F, NWS, DIS, SYMC, BRK.A ... (update)
Filed under: Earnings reports, Analyst upgrades and downgrades, Yahoo! (YHOO), Hewlett-Packard (HPQ), Coca-Cola (KO), PepsiCo (PEP), Ford Motor (F), General Motors (GM), Home Depot (HD), Berkshire Hathaway (BRK.A), Walt Disney (DIS), Kellogg Co (K), News Corp'B' (NWS), Symantec Corp (SYMC)General Motors Corp. (NYSE: GM), Ford Motor Co. (NYSE: F) and Chrysler LLC and the head of the United Auto ...
In this corporate earnings environment, there should be ample opportunities for analysts to put "sell" ratings on stocks. Of course, there was the famous call a few days ago when one enterprising securities researcher had the guts to say GM (GM) shares would fall to zero. He probably still kept his "buy" rating on the stock. New evidence has come up that "sell" ratings are scarce as hen's teeth...
Filed under: Earnings reports, Analyst upgrades and downgrades, Intel (INTC), Ford Motor (F), General Motors (GM), Toyota Motor Corp. (TM), McDonald's (MCD), Walt Disney (DIS), Citigroup Inc. (C), Target Corp. (TGT), Alcoa Inc (AA), Goldman Sachs Group (GS), Yum Brands (YUM), Lowe's Cos (LOW)[Update 8:18: Citigroup Inc (NYSE: C) plans to cut 50,000 people from its workforce, CNBC television sai...
The week in preview: High hopes for solar, not so much for home improvement
Filed under: Earnings reports, Forecasts, Home Depot (HD), Lowe's Cos (LOW), Trina Solar ADS (TSL), Suntech Power Hldgs ADS (STP)Last week, JA Solar Holdings Co. Ltd. (NASDAQ: JASO) posted a quarterly loss and lowered its guidance. But as interest in alternative energy continues to grow, analysts polled by Thomson Financial are still looking for good things from solar energy concerns scheduled ...
