Daniel Andres Jacome submits: On Thursday night, California-based footwear play Deckers Outdoor (DECK) reported stellar earnings results: Q1 EPS of 86c (20% growth) vs. cons of 76c (DECK, on average, beats by 12c) and revenue of $97.5M (34% increase). The company’s main line – the sheepskin Ugg boot, which accounted for 56% of the Q’s sales – posted sales of $54M, an 86% increase YoY. DECK also increased Q2 guidance for 30% growth on the bottom line and 50% on the top line. Lastly, DECK said 2008 revenues should gro... lire la suite
On Thursday night, California-based footwear play Deckers Outdoor (DECK) reported stellar earnings results: Q1 EPS of 86c (20% growth) vs. cons of 76c (DECK, on average, beats by 12c) and revenue of $97.5M (34% increase). The company’s main line - the sheepskin Ugg boot, which accounted for 56% of the Q’s sales - posted sales of $54M, an 86% increase YoY. DECK also increased Q2 guidance for 30% growth on the bottom line and 50% on the top line. Lastly, DECK said 2008 revenues should grow to the tune of 30%, an increase from the 25% rise they expected just a quarter ago.
Google today posted its first quarter profits, thoroughly outpacing Wall Street analyst estimates, which were based on the effects a slowing economy would have on sales and earnings. According to CNN Money, the news follows a weak fourth quarter last...
1. Best Buy Dec. comps up; reaffirms outlook. Best Buy (BBY) reported Dec. same-store-sales rose 1.5%, in-line with internal expecations, but far from the 7% rate a year ago. The company attributed the decline to post-Thanksgiving week falling into fiscal Nov. instead of Dec. BBY affirmed its full-year EPS guidance of $3.10 to $3.20, on sales of $40B, compared to analyst estimates of $3.18/share on sales of $40.2B. BBY was off slightly in thin pre-market trading.Complete Story »
General Electric (GE) reported earnings of $0.44 per share this morning, 7 cents worse than expected. The actual number came in 6 cents worse than the low analyst estimate of $0.50 per share. GE is known for reporting inline with estimates, so it's no surprise that the stock is down more than 10% in the pre-market on this news. We looked at the historical consensus Q1 EPS estimate for GE since last November, and it was surprising to see that estimates barely budged, even though estimates for the S&P 500 as a whole fell from expected EPS growth of 10% to -10%. Estimates have come down quite a bit for most stocks and sectors (although many think they haven't fallen nearly enough). They just didn't for GE, and the market is now suffering. Complete Story »
On June 24, 3Com Corporation (NASDAQ: COMS) reported its financial results for Q4 and FY 2008, beating analyst estimates. The vision of new CEO Robert Mao, who has been around for just two months, seems to be driving this welcome change in 3Com’s fortunes. He has three simple objectives: more top line revenue, better worldwide operational integration and more cash.
Take-Two's own Ben Feder talked to Reuters about their internal GTAIV sales estimates saying that "our expectations are very high, higher than analysts give the game credit for" and that "all the analysts had a (sales) number, give or take, and I think we will be on the upside of that rather than the downside." Lofty goals Mr. Feder, but we have a funny feeling your excessive optimism is actually warranted this time.