Barnes & Noble, Trina Solar: Earnings Central
NEW YORK (
) -
Barnes & Noble (BKS) - Get Barnes & Noble, Inc. Report and Trina Solar (TSL) are two of today's most notable earnings in this, TheStreet's rundown of the week's quarterly reports.
TUESDAY'S EARNINGS
Barnes & Noble (BKS) - Get Barnes & Noble, Inc. Report Posts Higher-than-Expected Loss
Top Line:
Revenue grew 21% to $1.4 billion, shy of estimates of $1.42 billion.
Earnings:
Losses came in at $62.5 million, or $1.12 per share, versus a profit of $12.3 million, or 21 cents, in year-ago period. Adjusted for items, losses were $1.02 per share, still worse than estimates of 80 cents.
Outlook:
Barnes & Noble lowered its full-year guidance by 25 cents, now expecting to earn between 25 cents and 65 cents a share.
Share Performance:
The stock is down 3.1% at $14.54 in Tuesday morning trading. See
action here.
TheStreet Recommends
Trina Solar (TSL) Ups Shipment Forecast
Top Line:
Revenue jumped 147.2% to $370.8 million, from $150 million, easily beating expectations for revenue of $338.7 million.
Earnings:
Profits grew to $38.7 million, or 52 cents per American depositary share, compared with year-earlier earnings of $18.9 million, or 71 cents per ADS. Results topped expectations for earnings of 49 cents per ADS.
Outlook:
For the current quarter, Trina Solar expects to ship between 250 MW and 260 MW of PV modules. Full year module shipments are expected in a range of 900 MW to 930 MW, compared with its prior guidance for 750 MW to 800 MW.
Share Performance:
The stock is up 2.7% in Tuesday morning trading. See latest
here.
Burger King (BKC) Misses Sales Estimates
Top Line:
Fourth-quarter revenue declined 1% to $623 million, missing estimates of $635.19 million.
Earnings:
Profits declined 17% to $49 million, or 36 cents per share, down from $58.9 million, or 44 cents per share. Analysts expected 34 cents.
Outlook:
No specific outlook was provided.
Share Performance:
The stock is up 1.3% at $16.84 in Tuesday morning trading. See latest
here.
-- Reported by Shanthi Venkataraman in New York.
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