Ockham Research Staff @ May 30, 2008 # No Comment Yet
Dell Inc. (DELL) reported a solid first quarter with earnings of $.38 per share on $16.08 billion in revenue. The results beat Wall Street estimates of $.34 EPS and $15.68 billion in sales. This is positive news for a company that has struggled greatly in the last few years, and could be read as a […]
More on: Dell Turnaround Stoked By Emerging Market Sales
Ockham Research Staff @ May 29, 2008 # No Comment Yet
Costco Wholesale Corp. (COST) narrowly beat estimates in their fiscal 3rd quarter which ended May 11. Consensus estimates for the bulk retailer called for profit of $.65 per share and revenues of $16.33 billion for the quarter. The results were slightly better at $.67 profit per share and $16.61 billion in revenue. The results were […]
More on: Investors Won’t Find a Bargain in Costco
Ockham Research Staff @ May 28, 2008 # No Comment Yet
Polo Ralph Lauren Corp. (RL) appears to have avoided to a large extent last quarter’s slump in consumer spending as it easily beat estimates. Polo released data for its fiscal fourth quarter ended March 29, and the company boosted its net income by 41%. On a per share basis, income was about $1 per share […]
More on: Polo Scores with Strong Quarterly Results
Ockham Research Staff @ May 23, 2008 # No Comment Yet
The Financial Times’ blog Alphaville today broke the rumor of a possible acquisition of Anheuser Busch (BUD) by the giant Belgian brewer InBev SA (INB.BT). InBev—the world’s second largest beer producer by volume—is interested in purchasing BUD—the world’s largest-for $65 per share or $46 billion total. Last October, rumors of merger discussions between InBev and […]
More on: Foreign Buyer for The King of Beers?
Ockham Research Staff @ May 22, 2008 # One Comment
Dick’s Sporting Goods (DKS) came out with first quarter earnings that were in line with analyst estimates. However, the forecast for the second quarter and the full year were well below what many had expected. Profit also slipped in the quarter due in part to higher material costs and slower sales than expected. Incidentally, Ockham […]
More on: Dick’s Sporting Goods Downgraded
Ockham Research Staff @ May 21, 2008 # No Comment Yet
AMR Corporation (AMR) the parent company of the world’s largest carrier—American Airlines—announced a turnaround plan to increase revenue as well as cut costs. AMR reported a $328 million loss in the first quarter and something had to give as jet fuel prices continue to soar. Crude oil hit another record yesterday at $132 a barrel […]
More on: Buckle-Up! AMR Hits Rough Air
Ockham Research Staff @ May 20, 2008 # No Comment Yet
Medtronic (MDT) reported its fiscal fourth quarter (ended April 25) results prior to trading Tuesday morning. The medical device company reported flat net income from results a year ago that were aided by a tax gain. However, revenues rose by more than 18%, thanks in large part to the introduction of the Endeavor drug-dispensing stent. […]
More on: Medtronic Beats Estimates
Ockham Research Staff @ May 19, 2008 # No Comment Yet
Lowe’s Companies (LOW), the second largest home improvement retailer, experienced a tough first quarter. Profits fell 18%, triggered by a weak housing market, slowing consumer spending and fuel and food inflation. All of these factors contributed to weaker than expected numbers and Lowe’s management lowered already-conservative earnings guidance for the full year by about 20%. […]
More on: How Lowe Can You Go?
Ockham Research Staff @ May 15, 2008 # No Comment Yet
The stock market correction of late 2007 and early 2008 was something that we had predicted for some time. We continually wrote that valuations were just too rich and earnings were not growing fast enough to catch up with the price increases. The S&P 500 for more than a year was hovering around 18 times […]
More on: Is the Worst Behind Us?
Ockham Research Staff @ May 14, 2008 # No Comment Yet
Deere and Company (DE) reported earnings for the fiscal second quarter that showed an 18% increase in revenue and a 22% rise in net income. However, the stock is off about 10% today as profit fell below estimates and the company forecast tough times ahead in housing. The world’s largest farm equipment maker benefited from […]
More on: Bears Take a Bite Out of Deere