Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 06:16 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! According to Dan Greenhaus of BTIG, based on early results from earnings season so far, total S&P earnings for the quarter might actually be up from last year: On the earnings side of things, despite some high profile issues (GOOG, APOL, IBM, CMG after the close), earnings season is going according to plan; just one quarter of companies have reported negative EPS surprises. That is to say, it’s better than consensus. It’s still too early (100 companies have reported) to make sweeping judgments but we can say somewhat confidently that earnings will not be below year ago levels. Now for sales, that might be a different story but in any event, the S&P 500 is still higher today than when AA reported after the close on the 9th. This was not what was expected. Many people predicted that this was going to be the first quarter since the financial crisis where earnings dropped year-over-year. If the trend does hold up and earnings stay positive, remind yourself to mute the TV everyone says that the market rally hasn't been fundamentally driven. Read more: [link to www.businessinsider.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 06:17 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! 18 minThe Money Game‏@themoneygame Microsoft Was Asked A Critical Question About Its Future Yesterday--And Its Response Wasn't Encouraging by @hblodget [link to read.bi] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 06:22 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! 1 minThe Money Game‏@themoneygame LIVE: GE Announces Earnings $GE by @bySamRo [link to read.bi] |
Anonymous Coward User ID: 1313288 United States 10/19/2012 06:27 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 06:30 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 06:35 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! 3 minThe Money Game‏@themoneygame GE Earnings Come Right In Line With Expectations [link to read.bi] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 06:40 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 06:56 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:11 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! GE net up 8.3% on higher industrial revenue [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:18 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! BofA Merrill trims Google price to $745 from $790 Google Inc. Cl A/quotes/nls/goog GOOG 695.00 -60.49 -8.01% See All Quotes (1) 7:16a BofA Merrill cuts Google to neutral from buy [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:27 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! BofA cuts Google to neutral after six years as buy. NEW YORK (MarketWatch) -- Bank of America Merrill Lynch analysts on Friday cut their ratings on Google Inc. /quotes/zigman/93888/quotes/nls/goog GOOG -8.01% to neutral from buy and lowered their price target on the company's stock to $745 a share from $790 a share, after the Internet firm's "sloppy" earnings update. "We think opinion on Google stock will fall into two camps: 1) those with a longerterm view that believe the company is well positioned to build a strong mobile ecosystem (Apple rival?) driving more Google usage, and 2) those that think the mobile advertising transition could create more ad revenue and margin disruption than the street anticipates," analysts said. "We are moving to the cautious camp." Bank of America Merrill Lynch had rated the stock a buy since 2006. [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:29 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:29 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! First Horizon profit falls. NEW YORK (MarketWatch) -- First Horizon National Corp. /quotes/zigman/343857/quotes/nls/fhn FHN +0.16% said on Friday that is third-quarter profit fell to $28.7 million, or 10 cents a share, from $39 million, or 12 cents a share a year ago. Revenue at the Memphis-based bank fell to $337 million, from $397.2 million a year ago. Analysts polled by FactSet Research had expected the company to earn 19 cents a share on revenue of $340 million. [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:35 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! 7:22a Isis Pharma rises 9% in premarket Isis Pharmaceuticals Inc./quotes/nls/isis ISIS 10.30 +0.68 +7.07% See All Quotes (1) 7:22a Marvell Tech down 12.9% in premarket Marvell Technology Group Ltd./quotes/nls/mrvl MRVL 7.71 -1.12 -12.68% See All Quotes (1) 7:22a Chipotle Mexican down 10.8% in premarket [link to www.marketwatch.com] |
Anonymous Coward User ID: 923740 Netherlands 10/19/2012 07:36 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:41 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:43 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 07:46 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! 7:44a Parker Hannifin Q1 net $1.57 vs $1.91 [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:00 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! Parker-Hannifin profit falls, firm cuts outlook. NEW YORK (MarketWatch) -- Parker-Hannifin Corp. /quotes/zigman/237799/quotes/nls/ph PH -7.48% said on Friday that its fiscal first-quarter profit fell to $239.9 million, or $1.57 a share, from $298.2 million, or $1.91 a share a year ago. Revenue at the firm was $3.21 billion, compared to $3.23 billion year ago. Analysts polled by FactSet Research had expected the company to earn $1.72 a share, on revenue of $3.22 billion. The company also revised its estimate for fiscal 2013 earnings from operations downward to $6.15 to $6.75 a share, from $7.10 to $7.90 a share previously. [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:02 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:12 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! 1 minThe Money Game‏@themoneygame McDonald's Earnings Whiff, And The Company Says Global Same-Store Sales Growth Now Trending 'Negative' [link to read.bi] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:12 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! McDonald's has whiffed on earnings. And beyond that, the company says same-store sales are going negative. From the release: OAK BROOK, IL - McDonald's Corporation today announced results for the third quarter ended September 30, 2012. In constant currencies, the Company posted higher revenues and earnings per share compared with the prior year while operating income was flat. On an as reported basis, revenues were relatively flat and operating income and earnings per share decreased, reflecting the impact of foreign currency translation. “While our sales momentum and current financial results reflect today's challenging conditions, we continue to see significant long-term opportunities for brand McDonald's and remain confident in the underlying strength of our business model,” said McDonald's Chief Executive Officer Don Thompson. “We have the right plans in place to drive long-term profitable growth along with the experience and alignment throughout the McDonald's System to navigate the current environment. We expect near-term top- and bottom-line growth to remain pressured as we focus on driving guest traffic and market share by leveraging our strategies and competitive advantages in response to the global economic, operating and competitive challenges. As we begin fourth quarter, October's global comparable sales are currently trending negative.” As for the miss: EPS of $1.43 was 5 cents behind expectations. Revenue was basically right in line. |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:32 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:33 AM Report Abusive Post Report Copyright Violation | |
Dr.DoomLittle User ID: 6231580 United States 10/19/2012 08:35 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! god punnishing google for going along with cyber spying legislation; for going against the people to favor the NWO.. good riddance, same with facefuck. Last Edited by Intergalactic Diplomat on 10/19/2012 08:36 AM |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:35 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:38 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! Cooper Industries profit rises 18% [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 08:52 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! 8:48a Google up 1.2% in premarket trades to $703.50 Google Inc. Cl A/quotes/nls/goog GOOG 695.00 -60.49 -8.01% See All Quotes (1) 8:47a McDonald's down 2.8% in premarket [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 09:13 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! The Money Game‏@themoneygame On Wall Street Trading Desks, This Is What They're Talking About Right Now [link to read.bi] |
Anonymous Coward (OP) User ID: 25884852 Portugal 10/19/2012 09:37 AM Report Abusive Post Report Copyright Violation | Re: Earnings Season Has Just Begun... MSFT profit -22%... BofA cuts Google to neutral after six years as buy!!! DOW - 232!!! Dow /quotes/zigman/627449 13,478 -70 0.52% Nasdaq /quotes/zigman/123127 3,057 -16 0.52% S&P 500 /quotes/zigman/3870025 1,451 -6 0.44% GlobalDow /quotes/zigman/629063 1,972 -11 0.55% Gold /quotes/zigman/699338 1,738 -7 0.38% |