Stockpickr
Cramer's Take on Headline Stocks
Stockpickr Staff
06/16/09 - 11:58 AM EDT
Best Buy(BBY Quote) earned $153 million, or 36 cents a share, in the first quarter, beating analyst expectations but dropping from the prior-year quarter's $179 million, or 43 cents a share. Revenue was up 12% to $10.1 billion, but same-store sales declined 6.2%. The company added 185 new stores over the past year.
In other earnins news, A-Power Energy's(APWR Quote) profit fell to $1.5 million, or 4 cents per share, from $2.9 million in the year-ago quarter. FactSet Research(FDS Quote) reported earnings of $38.5 million, or 79 cents per share, up from $32.5 million, or 65 cents per share.
General Motors(GMGMQ Quote) will sell its Saab division by the end of the third quarter. The buying consortium is led by Swedish automaker Koenigsegg Automotive.
A viral infection in a bioreactor at its Boston manufacturing facility is forcing Genzyme(GENZ Quote) to temporarily close the plant in order to sanitize it. The company foresees a July reopening for the plant.
With this in mind, we thought we'd take a look at what Jim Cramer's had to say lately about stocks in the news. To read more, visit Stockpickr.com.