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MARKET CURRENTS
real-time news and commentary for investors

  • Today - Wednesday, May 23, 2012

  • RAH
    10:34 AM Shares of Ralcorp (RAH) move down 5.1% after the firm's twice-delayed FQ2 report finally gets released. The company missed the consensus EPS estimate of analysts, reporting $0.72 vs. $0.85, while knocking out in-line sales of $1.06B that marked a 16% Y/Y gain. In a separate announcement, Ralcorp says it snapped up privately-held Petri Baking Products for an undisclosed amount. Comment!
  • EV
    8:53 AM Eaton Vance (EV): FQ2 EPS of $0.45 misses by $0.03. Revenue of $305M (-3.4% Y/Y) beats by $5M. (PR) Comment!
  • CAE
    8:44 AM Cascade (CAE): FQ4 EPS of $0.21 beats by $0.02. Revenue of $506.7M (+8.8% Y/Y) misses by $6M. (PR) Comment!
  • AEO
    8:18 AM More on American Eagle Outfitters' (AEO) Q1: Comparable-store sales up 17%. Inventory 14% higher Y/Y on a cost per foot basis. Gross margin flat compare to last year, while SG&A expenses fell to 25.2% from 25.8%. Expects Q2 EPS of $0.13-$0.15 and FY12 EPS of $1.16-$1.22. Shares -2.5% premarket. (PR) Comment!
  • AEO
    8:05 AM American Eagle Outfitters (AEO): Q1 EPS of $0.23 beats by $0.03. Revenue of $719M (+18% Y/Y) in-line. (PR) Comment!
  • 7:48 AM Following Dell's (DELL) poor showing yesterday, the attention now switches to H-P (HPQ), which is due to release its FQ2 earnings after the bell. Analysts forecast that EPS fell to $0.91 from $1.24 and that revenue declined 5.4% to $29.9B. H-P is also expected to unveil a restructuring plan that will include laying off over 25K workers. Comment!
  • GCO
    7:41 AM Genesco (GCO): Q1 EPS of $0.98 may not be comparable to consensus of $0.74. Revenue of $600M (+24.5% Y/Y) beats by $23M. (PR) Comment!
  • 7:39 AM Apollo Investment (AINV): FQ4 EPS of $0.21 in-line. (PR) Comment!
  • ZLC
    7:36 AM Zale (ZLC): FQ3 EPS of -$0.14 may not be comparable to consensus of -$0.16. Revenue of $445M (+8.1% Y/Y) beats by $12M. (PR) Comment!
  • BMO
    7:34 AM Bank of Montreal (BMO): FQ2 EPS of $1.44 beats by $0.09. Revenue of $3.96B beats by $60M. (PR) 1 Comment
  • STP
    7:33 AM Suntech Power (STP): Q1 EPS of -$0.74 misses by $0.26. Revenue of $409.5M (-53.3% Y/Y) beats by $1.2M. (PR) Comment!
  • 7:09 AM Sycamore Networks (SCMR): Q1 EPS of -$0.14 beats by $0.03. Revenue of $11.9M (flat Y/Y) in-line. (PR) Comment!
  • HGG
    7:08 AM hhgregg (HGG): FQ4 EPS of $0.39 beats by $0.02. Revenue of $613.8M (+21.1% Y/Y) misses by $30M. (PR) Comment!
  • 7:05 AM LTX-Credence (LTXC): FQ3 EPS of -$0.10 beats by $0.03. Revenue of $30.8M (-47% Y/Y) beats by $0.3M. (PR) Comment!
  • HRL
    6:45 AM Hormel Foods (HRL): FQ2 EPS of $0.48 beats by $0.07. Revenue of $2.01B (+2.8% Y/Y) in-line. (PR) Comment!
  • TSL
    6:43 AM Trina Solar (TSL): Q1 EPS of -$042 misses by $0.12. Revenue of $349M (-36% Y/Y) misses by $47M. (PR) Comment!
  • BIG
    6:20 AM Big Lots (BIG): Q1 EPS of $0.68 misses by $0.01. Revenue of $1.26B (+5.5% Y/Y) misses by $40M. (PR) Comment!
  • XUE
    6:11 AM Xueda Education (XUE): Q1 EPS of $0.01 beats by $0.05. Revenue of $67.2M (+32.3% Y/Y). (PR) Comment!
  • TOL
    5:11 AM Toll Brothers (TOL): FQ2 EPS of $0.10 beats by $0.07. Revenue of $374M (+17% Y/Y) misses by $3M. (PR) Comment!
  • 12:10 AM Notable earnings after Wednesday's close: HPQ, NTAP, P, PVH, SNPS Comment!
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