Second-Quarter Earnings Announcements: Barnes & Noble.com, Synopsys and Storage Technology
Sometimes Wall Street is about trends, and the announcement of several major earnings reports last week seemed to surface a noticeable one: Old Economy blue-chip stocks proved their staying power while New Economy plays raised renewed concern.
Old reliable companies, such as
Merck
(MRK) - Get Merck & Co., Inc. Report
,
American Express
(AXP) - Get American Express Company Report
and
Exxon-Mobil
(XOM) - Get Exxon Mobil Corporation Report
all reported strong earnings.
Meanwhile, stocks such as
iVillage
(IVIL)
scared some investors last Friday. The New York-based women's online Web site took a 10% hit after announcing a wider-than-expected loss.
Today,
TheStreet Recommends
Storage Technology
(STK) - Get Columbia Seligman Premium Technology Growth Fund Inc. Report
made investors smile when it announced it surpassed expectations by
4 cents.
It's the tail end of earnings season, but the first week of August brings a trickle of firms to the earnings spotlight.
CVS
(CVS) - Get CVS Health Corporation Report
and
Procter & Gamble
(PG) - Get Procter & Gamble Company Report
report Tuesday, while
Aetna
(AET)
will follow on Friday.
TheStreet.com
is compiling all of its earnings news and analyses in one convenient location to make it easier for our readers to see where earnings are headed. We will update this section as soon as earnings reports arrive. To keep track of what's coming, we have a daily earnings preview as well as a weekly earnings
calendar.
Earnings, revenue reports and previews
Briggs & Stratton
(BGG) - Get Briggs & Stratton Corporation Report
bounced 1 7/16 to 35 3/16 after it posted fourth-quarter $1.24 a share, topping the three-analyst estimate of 95 cents but down from the year-ago $1.51 profit. The company warned that its first-quarter 2001 earnings would be greatly below last year's 66-cent profit.
Tyson Foods
(TSN) - Get Tyson Foods, Inc. Class A Report
declined 1/8 to 9 3/8 after it posted third-quarter earnings of 18 cents a share, in line with the 17-analyst estimate but down from the year-ago 30 cents. Tyson warned that its fourth-quarter earnings could be half that of the third quarter, and that first-quarter 2001 earnings could be even worse than the fourth quarter.
Monday's Earnings
Barnes & Noble.com Plummets on Wider-Than-Expected Losses
Synopsys Plunges After Earnings Warning
Storage Technology Surpasses Estimates
July 28 Earnings
July 27 Earnings
July 26 Earnings
July 25 Earnings
July 24 Earnings
July 21 Earnings
July 20 Earnings
July 19 Earnings
July 18 Earnings
July 17 Earnings
July 14 Earnings
July 13 Earnings
July 12 Earnings
