Market News

Barnes & Noble (BKS)

Shares of Barnes & Noble Inc fell on Friday, dropping after Goldman Sachs downgraded the stock to "sell" from "neutral." The firm wrote that the bookseller's move into electronic books could weigh on its profits.

Oct 26 · 11:03:00 AM · Source: Interactive Investor
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by Rich Pike

McGraw-Hill (MHP)

McGraw-Hill said that its third quarter net income declined to $336.1 million, or $1.07 a share, from $390.2 million, or $1.23, a year earlier. Revenue in the quarter decreased 8.4 percent to $1.88 billion.
Company also cut revenue forecasts for the rest of the year.

Oct 26 · 10:04:00 AM · Source: Company News Release
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by Larry Etter

RadioShack (RSH)

Radio Shack said third quarter earnings declined to $37.4 million or $0.30 per share from $49.1 million or $0.38 per share in the previous year. The company said third quarter net sales and operating revenues for the recent quarter declined 3.1% to $990 million from $1.02 billion in the comparable period a year ago.
The company noted that the decrease of 3.1% was attributable to a 3.5% fall in the sales generated by company-operated stores, a 17.8% decline in kiosk sales; and a 13.5% increase in other sales.

Oct 26 · 9:54:00 AM · Source: Company News Release
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by Larry Etter

Disney (DIS)

Disney’s 3D animation "Up" placed number 1 at the international box office over the October 16th through October18th time frame.
Walt Disney and Pixar's 3D "Up," playing on 4,500 screens in 24 territories, ranked number 1 in ten markets, including the U.K. and Italy. Foreign receipts through October 18th was $295.8 million.

Oct 23 · 2:55:00 PM · Source: Variety
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by Michael Oliveto

Amazon (AMZN)

Amazon reported Q3 earnings of $0.46 per share on net income of $199 million versus $0.27 per share on net income of $118 million. Sales where up 28% to $5.45 billion.
“Kindle has become the #1 bestselling item by both unit sales and dollars – not just in our electronics store but across all product categories on Amazon.com. It’s also the most wished for and the most gifted. We are grateful for and energized by this customer response,” said Jeff Bezos, founder and CEO of Amazon.com. “Earlier this week we began shipping the latest generation Kindle. Its 3G wireless works in the U.S. and 100 countries, and we’ve just lowered its price to $259.”

Oct 23 · 12:02:00 PM · Source: Press Release
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by Michael Oliveto

Fortune Brands (FO)

Fortune Brands, Inc. today reported net sales for the third quarter were $1.72 billion, down 11%, reflecting flat sales for the company’s spirits business, and more moderate revenue decreases for the golf and home products brands. Diluted earnings per share were $0.82, and excluding one-time items, diluted EPS before charges/gains was $0.77.
Given its third-quarter performance and signs of stabilization in the U.S. new-home construction market, the company raised the bottom end of its full-year earnings target range. The company is now targeting to deliver EPS before charges/gains for 2009 of $2.10-2.30 versus its previous target of $2.00-2.30.

Oct 23 · 11:10:00 AM · Source: Company News Release
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by Larry Etter

Priceline.com (PCLN)

Priceline.com® (NASDAQ: PCLN) announced today that it will be added to the NASDAQ-100 Index®, effective at the start of trading Thursday, October 29, 2009.

Oct 23 · 10:50:00 AM · Source: Company News Release
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by Larry Etter

Whirlpool (WHR)

Whirlpool Corp. said its third-quarter profit fell 47%, with sales remaining weak across most of its businesses. The company said its profits were $87 million, or $1.15 a share, down from $163 million, or $2.15, a year earlier. Revenue dropped 8.2% to $4.5 billion; excluding currency effects, the drop was about 3%.
However, earnings exceeded analyst expectations and the appliance giant boosted its 2009 target to about $4.25 a share, compared with its prior expectation of $3.50 to $4.

Oct 23 · 10:04:00 AM · Source: Company News Release
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by Larry Etter

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