09
02
2008
Earnings highlights: Time Warner, Cisco, Gannett, Disney, EDS and others
Posted by: in Stocks Money NewsFiled under: Earnings reports, Cisco Systems (CSCO), Time Warner (TWX), Walt Disney (DIS), Avon Products (AVP), Gannett Co (GCI), Electronic Data Systems (EDS), Activision Inc (ATVI), Old Dominion Freight Line (ODFL), Las Vegas Sands (LVS), Unilever ADR (UL)
The earnings crunch rolls on, and here are a few of the highlights of this past week’s earnings coverage from BloggingStocks:
- Activision Inc. (NASDAQ: ATVI) earnings soared on popularity of Guitar Hero and other game franchises.
- Arch Coal Inc. (NYSE: ACI) beat earnings expectations and offered revised guidance.
- Avon Products Inc. (NYSE: AVP) beat estimates despite lower profits due to restructuring costs.
- Chattem Inc. (NASDAQ: CHTT) beat estimates and raised its guidance.
- Cisco Systems Inc. (NASDAQ: CSCO) met estimates but a weak forecast raised concerns.
- Dionex Corp. (NASDAQ: DNEX) beat estimates on strength in petrochemical and food/beverage markets.
- Electronic Data Systems Corp. (NYSE: EDS) earnings fell, helping to raise concerns about tech stocks.
- Flextronics International Ltd. (NASDAQ: FLEX) beat estimates and affirmed its outlook.
- Gannett Inc. (NYSE: GCI) missed fourth-quarter earnings estimates on lower ad revenue.
- Las Vegas Sands Corp. (NYSE: LVS) missed expectations due to rising construction costs.
- MGM Mirage (NYSE: MGM) forecast it would beat earnings expectations by as much as 10 cents a share.
- Old Dominion Freight Line Inc. (NASDAQ: ODFL) beat revenue estimates and raised its guidance.
- RealNetworks Inc. (NASDAQ: RNWK) warned it would miss first-quarter and full-year expectations.
- Silicon Laboratories (NASDAQ: SLAB) beat expectations and raised its guidance.
- THQ Inc. (NASDAQ: THQI) posted disappointing results that included cancelled game franchises.
- Time Warner Inc. (NYSE: TWX) met estimates and announced restructuring plans (see transcript).
- Unilever (NYSE: UL) fourth-quarter net income tanked on a sell-off of its European frozen food business.
- Walt Disney Co. (NYSE: DIS) posted better-than-expected results on gains in TV and theme parks.
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