12
10
2008
Earnings highlights: GE, IBM, Bank of America, Alcoa, Yum! Brands and others
Posted by: admin in Stocks Money News
Filed under: Earnings reports, eBay (EBAY), General Electric (GE), Walt Disney (DIS), International Business Machines (IBM), Alcoa Inc (AA), Bank of America (BAC), Safeway Inc (SWY), Costco Wholesale (COST), General Mills (GIS), Procter and Gamble (PG), Yum Brands (YUM), Kohl’s Corp (KSS), MetLife Inc. (MET)
Here are some highlights from this past week’s earnings coverage from BloggingStocks:
- Advance Auto Parts Inc. (NYSE: AAP) lowered its Q3 earnings forecast below analysts’ estimates.
- Advanced Medical Optics Inc. (NYSE: EYE) lowered guidance led to an analyst’s downgrade.
- Alcoa Inc. (NYSE: AA) fell well short of Q3 estimates on lower demand and falling prices.
- Bank of America Corp. (NYSE: BAC) Q3 profits fell more than estimated, and it cut its dividend.
- Brunswick Corp. (NYSE: BC) forecast a full-year loss and accelerated layoffs.
- Costco Wholesale Corp. (NASDAQ: COST) Q4 earnings just missed estimates thought revenues were up.
- Dollar Tree Inc. (NASDAQ: DLTR) earnings results and growth prospects impressed one analyst.
- eBay Inc. (NASDAQ: EBAY) earnings may be diluted by its acquisition of Bill Me Later.
- Ecolab Inc. (NYSE: ECL) earnings prospects led to an analyst’s downgrade.
- General Electric Co. (NYSE: GE) results were in line with low expectations, and dividends will be sustained.
- General Mills Inc. (NYSE: GIS) earnings prospects for 2009 impress Jim Cramer.
- Host Hotels & Resorts Inc. (NYSE: HST) Q3 earnings tumbled while revenue slipped.
- IBM Corp. (NYSE: IBM) surprised Wall Street by offering strong Q3 preliminary results.
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