Financial Advisor Update

Dividend.com: Ailing Walgreens

Stock quotes in this article: WAG , BBBY , SGP , FLR , MW  

Shaw Group does not currently pay a dividend.

Bed Bath & Beyond Third Quarter Profits Fall 36%

Bed Bath & Beyond(BBBY Quote) shares are up slightly so far today, after the company reported profits that fell 36% to $87.7 million, or 34 cents per share. That's down from a year-ago profit of $138.2 million, or 52 cents per share.

Revenue fell slightly to $1.78 billion from $1.79 billion last year. The results were in line with the company's lowered forecast it gave last month.

Looking forward, management sees next quarter's EPS between 40 cents and 46 cents a share. The consensus estimates are for 49 cents.

The company started 2008 at the $29 level -- and was holding steady until late September -- before dropping almost 50% to $16. The company has rebounded over 50% in the last month and is sitting right at overhead resistance levels of $26. The stock has long-term technical support in the $14 to $16 area, if shares begin to slip again. If the stock can stabilize and begin to move up, it could run into overhead resistance at the $33 to $35 area. We do not currently rate this non-dividend-paying stock.

Bed Bath & Beyond does not currently pay a dividend.

Men's Wearhouse Sees Weaker Fourth-Quarter Results

Men's Wearhouse(MW Quote) announced late Wednesday that its earnings will come in at the lower end of its previous estimates for its fiscal fourth quarter.

The company cited weaker performance from its stores in Canada, where sales results were below initial expectations. The company previously projected earnings of breakeven to a loss of 18 cents per share.

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