This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Today's Winners and Losers: Safeway

Shares of Safeway (SWY - Get Report) were among the NYSE's winners Thursday, rising 7% after the grocery store operator posted better-than-expected fourth-quarter results.

Safeway earned $173.5 million, or 39 cents a share, on sales of $12.04 billion. Excluding certain items, the company earned $230.6 million, or 51 cents a share. Analysts polled by Thomson First Call expected earnings of 46 cents a share, before items, and sales of $11.93 billion. During the year-earlier period, the company earned $202.7 million, or 45 cents a share, on sales of $11.39 billion.

Looking ahead, Safeway continues to project 2006 earnings of $1.55 to $1.65 a share, excluding employee buyouts. Analysts project earnings of $1.58 a share. Shares were trading up $1.68 to $24.93.

Shares of Tuesday Morning (TUES - Get Report) rose 3% after the home furnishings retailer posted fourth-quarter results that narrowly beat expectations.

The company earned $35.5 million, or 85 cents a share, on sales of $335.2 million. Analysts expected earnings of 84 cents a share and sales of $334.4 million. During the year-ago quarter, the company earned $36.9 million, or 88 cents a share, on sales of $332.4 million.

The company also announced a cash dividend of 80 cents a share. The dividend will be paid on March 30 to shareholders of record on March 10. The current value of the dividend is about $33 million, the company said. Tuesday Morning plans to continue paying a dividend on an annual basis. "In an obviously challenging environment for home furnishings focused retailers, we were able to achieve solid double-digit operating profit for 2005, pay our first cash dividend and provide a return on assets of 17% for our stockholders," the company said.

Looking ahead, Tuesday Morning sees 2006 earnings of $1.62 to $1.67 a share, excluding stock-based compensation costs of 9 cents a share. The company predicts sales growth of about 10%, which would translate into sales of about $1.02 billion. Analysts project earnings, including stock-based compensation costs, of $1.58 a share. Sales are projected at $1.01 billion. Shares were trading up 62 cents to $22.14.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs