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Posts Tagged ‘estimates’

October 16th, 2009

Intel Hit a Homerun

(Lee Siler) - This week, it's all about earnings and some of the biggest companies in the world are giving Wall Street a reason to stand up and cheer. Last night Intel beat expectations in every way. Not only did they beat with their earnings and revenue, but also beat on profit margin, while raising their revenue guidance. That was the tri-fecta of earnings reports. That said the stock is trading up pre-market and taking the rest of the market with it.

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July 16th, 2009

Fed Comments Help Stocks

(Lee Siler) - The market had one of the best days of the year on brisk trading. Earnings news is adding fuel to this market and this morning JP Morgan Chase is the accelerant. The company announced that strength in their core consumer business and investment banking offset a jump in credit losses. Earnings were 28 cents a share versus estimates of only 4 cents. However, revenues fell slightly short of expectations. JPM is traded up almost 4.5% yesterday.

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July 14th, 2009

Goldman and J & J Beat

(Lee Siler) - So far earnings season has started out with a bang. Alcoa got things started by beating estimates last week. Then this morning all eyes were on Goldman Sachs, which their results knocked the cover off the ball. The company reported a 33% rise in quarterly profits on very strong trading results. Certainly a good second quarter for the stock market helped buoy their report. Remember, last month Goldman paid back the TARP money they borrowed and is now the last investment bank standing. Earnings came in at $4.93 a share versus First Call estimates of $3.54 a share. This earnings report was no surprise to Wall Street, as the stock traded up over $8 a share yesterday in anticipation of a blow out number.

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July 9th, 2009

Alcoa Beats and Markets Up

(Lee Siler) - A better than expected earnings report from Alcoa has stocks in Europe moving higher. This move is spilling over to the U.S., as stock futures are indicating a jump in prices. Although Alcoa reported its third consecutive quarterly loss, they did beat estimates by a large margin due to significant cost cutting.

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