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Micron Drops 4% After Earnings, 7 Upgrades: What Is Going On? (MU)
Thursday, June 20, 2013 - 3:24pm | 807Shares of Micron Technology (NASDAQ: MU) traded down sharply Thursday and also underperformed the market despite beating earnings estimates Wednesday after the close. The drop is interesting as some interesting insider trades have been made in the stock as of late. Shady Trading Over the past...
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Why Abercrombie & Fitch Could Warn in 3 Weeks
Tuesday, July 10, 2012 - 11:12am | 655Abercrombie & Fitch's (NYSE: ANF) remaining shareholders have sure had it tough with a stock down 32 percent in 2012. This is a significant degree of underperformance relative to the S&P Retail Index and to the broader consumer discretionary sector. The reasons for the hammering are in...
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Seagate Technology Warns of Miss in Revenue, Margin Goals
Friday, July 6, 2012 - 9:06am | 542Seagate Technology (NASDAQ: STX) tempered investor expectations on Thursday when it announced selected preliminary numbers for its fourth fiscal quarter ending on June 29th, 2012, prior to the company's earnings call scheduled for July 30 after market close. The company said that while it still...
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Toyota Lowers Fiscal-Year Profit Forecast
Friday, December 9, 2011 - 5:43am | 69Toyota Motor Corp (NYSE: TM) lowered its net profit forecast by 54% for this fiscal year. Toyota now expects a net profit of Y180 billion, versus its earlier forecast of Y390 billion. It also cut its sales view to Y18.20 trillion, versus Y19.000 trillion. Toyota now projects operating profit of...
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Arch Coal Lowers Full-Year Forecast
Monday, October 3, 2011 - 4:27am | 64Arch Coal Inc (NYSE: ACI) lowered its full-year adjusted earnings forecast for the second time this year. Arch Coal now projects full-year adjusted earnings of $1 to $1.40 per share, versus its July outlook of $1.75 to $2.15 per share. Arch Coal is scheduled to report its third-quarter earnings...
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Dollar Thrifty Projects Rise In Adjusted EBITDA, Lifts Share Repurchase Authorization
Monday, September 26, 2011 - 7:09am | 79Dollar Thrifty Automotive Group Inc (NYSE: DTG) said that it projects adjusted EBITDA to rise 17% to 28% in the third quarter, and lifted its share repurchase authorization. Dollar Thrifty projects corporate adjusted EBITDA of $110 to $120 million, versus $93.7 million, in the year-earlier period...
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China Yurun Expects Drop In Q3 Net Profit
Monday, September 26, 2011 - 5:13am | 29China Yurun Food Group Ltd (OTC: CYUFF) projects its Q3 net profit to decline from a year-ago period. China Yurun Food Group shares dipped 24.31% to close at $1.37 on Friday.
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Spansion Lowers FQ3 Revenue Forecast
Tuesday, September 13, 2011 - 9:06am | 40Spansion Inc (NYSE: CODE) lowered its fiscal third-quarter revenue projections. Spansion now projects revenue of $250 million to $270 million, down from its earlier outlook of $285 million to $325 million. Spansion shares closed at $13.67 yesterday.
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Aetna Projects To Exceed Full-Year Profit Outlook
Tuesday, September 13, 2011 - 9:02am | 48Aetna Inc (NYSE: AET) projects to exceed its full-year profit outlook. Aetna projects to exceed its earlier full-year operating earnings outlook of $4.60 to $4.70 per share. However, analysts were expecting 2011 earnings of $4.70 per share. Aetna shares gained 2.11% to $39.25 in pre-market...
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Tenet Healthcare Refines Forecast For 2011
Monday, September 12, 2011 - 6:58am | 46Tenet Healthcare Corp (NYSE: THC) now projects 2011 adjusted earnings before interest, tax, depreciation and amortization to be towards the lower end of its earlier estimated range of $1.175 billion to $1.275 billion. THC shares dropped 3.46% to close at $5.02 on Friday.
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PDL BioPharma Issues Downbeat Q3 Revenue Forecast
Thursday, September 8, 2011 - 7:58am | 38PDL BioPharma Inc (NASDAQ: PDLI) projected downbeat third-quarter revenue. PDL BioPharma now projects Q3 revenue of $83 million, versus analysts' estimates of $88 million. PDL BioPharma shares gained 0.17% to $5.80 in after-hours trading.
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Fairchild Semiconductor Lowers Q3 Sales Forecast
Tuesday, September 6, 2011 - 8:50am | 59Fairchild Semiconductor International Inc (NYSE: FCS) cut its sales forecast for the third quarter. Fairchild Semiconductor now projects sales of $400 million to $410 million, versus its previous outlook of $433 million to $446 million. It expects adjusted gross margin to be 36% to 36.5%, versus...
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Randgold Trims Production Forecast
Tuesday, August 30, 2011 - 5:00am | 63Randgold Resources Ltd (NASDAQ: GOLD) trimmed its production forecast for the year. Randgold now projects production at the mine to exceed 80,000 ounces, versus its earlier forecast of 100,000 ounces. Randgold revised its overall annual production forecast to a range of 740,000 to 760,000 ounces...
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Lanxess Lifts Full-Year Forecast
Thursday, August 11, 2011 - 5:01am | 57Lanxess AG (OTC: LNXSF) lifted its projections for the full year on Thursday. Lanxess reported its Q2 net profit at EUR181 million, up from analysts' estimates of EUR160 million. Its sales climbed 23% to EUR2.2 billion. Lanxess' EBITDA before special items gained 26% to EUR339 million, versus...
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ReneSola Lowers Q2 Revenue Projections; Shares Down In Pre-Market
Tuesday, July 12, 2011 - 5:42am | 71ReneSola Ltd (NYSE: SOL) lowered its second-quarter revenue projections. ReneSola now expects revenue to be in the range of $235 million to $245 million, down from its previous forecast of $280 million to $300 million. It projects total solar wafer and module shipment to be in the range of 290...