FeedPosted Nov 6th 2009 12:20PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings reports, Forecasts, Technical Analysis
Shares of The Boston Beer Company (NYSE: SAM) surged to a new 52-week high Friday morning, after the brewmaster reported a third-quarter profit of $10.4 million, or 72 cents per share, on revenue of $108.7 million. The company swung to a loss of 2 cents per share in the third quarter of 2008, but attributed its turnaround to strong shipments and decreased advertising expenses.
The results were better than analysts expected, with consensus estimates calling for Boston Beer to bank a profit of 39 cents per share on $107.5 million. Looking forward, Boston Beer now expects full-year earnings of $1.75 per share to $2.05 per share, a marked increased from its prior forecast for a 2009 profit of $1.40 per share to $1.70 per share.
Continue reading Boston Beer blows away 3Q expectations, hikes 2009 forecast
Posted Nov 5th 2009 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Politics

The U.S. dollar continues to weaken, which has led to commodity price increases, including a higher-than-fundamentals-dictate oil price of
about $80 per barrel, and U.S. Treasury Department professionals are working long-and-hard to continue to refinance and rollover U.S. debt to finance the U.S. government's operations -- all because the budget deficit is high.
What could take pressure off all of the above? Well, in addition to letting the
2001 Bush income tax cut expire in 2011 as expected, Congress could pass a modest tax increase above the expiration amounts -- for example, increasing the top two income tax brackets by 2-4 percentage points.
Continue reading A little federal income tax hike would go a long way
Posted Nov 4th 2009 6:20PM by Connie Madon (RSS feed)
Filed under: Forecasts, Bad news, Consumer experience, Money and Finance Today, Economic data, Personal finance, Housing, Financial Crisis
The National Bankruptcy Research Center reported that there were 135,914 bankruptcies in October, up 9%. One third of the bankruptcies were filed under Chapter 13. Chapter 13 requires that the court set up a five year repayment plan for debts owed.
In addition business bankruptcies were up 7% for the same period.The forecast is for 1.4 million bankruptcies in 2009, the highest since 2005. In that year Congress revamped the bankruptcy laws to make it more difficult to wipe out all of a person's debts. There was a rush of filings in the months just before the new law was enacted.
Continue reading Personal bankruptcies skyrocket 9% in October
Posted Nov 4th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Forecasts, Good news, Cisco Systems (CSCO), Market matters, Technology, Recession

Following today's market close, technology giant
Cisco Systems (NASDAQ:
CSCO) had its chance to impress Wall Street with
its fiscal first quarter results, and the company did not disappoint.
Going into this afternoon's earnings report, analysts had been expecting to see the company show earnings of 31 cents per share, but the company surprised to the upside by posting actual earnings of 36 cents per share for its fiscal first quarter. For the same period last year the company had earnings of 42 cents per share.
Continue reading Cisco posts strong Q1 earnings
Posted Nov 4th 2009 3:15PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts
Dr Pepper Snapple Group Inc. (NYSE: DPS) -- which includes A&W, Hawaiian Punch, Welch's, 7UP, Clamato, Margaritaville, and Yoo-Hoo among its diverse beverage offerings -- is scheduled to discuss its third-quarter 2009 financial results in a conference call Thursday at 11:00 AM ET, hosted by CEO Larry Young and CFO John Stewart. You can catch the live webcast of the call and accompanying slide presentation on the company's website.
During the three months that ended in September, Dr Pepper launched an energy drink and reaffirmed its full-year guidance. Analysts surveyed by Thomson Reuters expect this Plano, Tex.-based bottler and distributor of nonalcoholic beverages to report that earnings for that period rose 8.2% from a year ago to $0.49 per share. However, revenue for the quarter is expected to be 4.2% lower to $1.4 billion.
Continue reading Dr Pepper earnings preview: Lower revenue, higher profit seen for Q3
Posted Nov 4th 2009 12:00PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings reports, Forecasts, Technical Analysis
Traders initially seemed thrilled with Wednesday's third-quarter earnings report from Lumber Liquidators (NYSE: LL), but the stock then backpedaled into the red. The retailer banked a quarterly profit of $7.8 million, or 28 cents per share, up from its year-ago net income of $5.5 million, or 20 cents per share. Revenue for the period surged 14% to $140.5 million. The results comfortably outpaced analysts' consensus estimates, which called for a profit of 24 cents per share on $137.1 million in revenue.
Looking ahead, Lumber Liquidators is forecasting full-year revenue of $535 million to $543 million, up from its previous guidance of $528 million to $538 million. Earnings for fiscal 2009 are expected to range between 90 cents and 95 cents per share, compared to the retailer's previous forecast of 85 cents to 91 cents per share. Wall Street, on average, is expecting full-year earnings of 90 cents per share on $537.1 million.
Continue reading Lumber Liquidators rises, then falls, after solid 3Q report
Posted Nov 3rd 2009 2:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Comcast Cl'A' (CMCSA)
Philadelphia-based Comcast Corp. (NASDAQ: CMCSA), which is said to be buying a controlling stake in NBC Universal, is scheduled to discuss its third quarter 2009 financial results in a conference call Wednesday at 8:30 AM ET. You can catch the live webcast of the call on the company's website.
During the three months that ended in September, Comcast launched an internet portal for kids, a collaboration with the NFL, and a trial of On Demand Online. Analysts surveyed by Thomson Reuters expect this leading entertainment, information, and communication provider to report earnings of $0.25 per share, just a penny per share lower than in both the previous quarter and a year ago. Comcast earnings have beat the Street view in the past four quarters, by as much as seven cents per share. Revenue for the third quarter is expected to be 3.5% higher to $8.9 billion.
Continue reading Comcast earnings preview: NBC deal may overshadow Q3 results
Posted Nov 3rd 2009 11:00AM by Connie Madon (RSS feed)
Filed under: International markets, Forecasts, India, China, Brazil, Market matters, Commodities, Oil
Bloomberg News took a recent poll of its subscribers. Here are some highlights of the survey:
- Only 31% of investors saw investment opportunities in the stock market, down from 35% in the July survey.
- Worldwide, investors see the U.S. as the weakest link in the world economy. Twenty five percent of respondents see an unemployment rate of 11% in the U.S. next year.
- Respondents see China and India as the most promising markets and commodities are the asset of choice.
- Real Estate and bonds are out of favor, with 40% saying that bonds will have the worst returns over the next year.
Continue reading Are stocks about to get routed?
Posted Nov 2nd 2009 5:30PM by Joseph Lazzaro (RSS feed)
Filed under: Forecasts, Politics, Recession, Financial Crisis
New York Times (NYSE:
NYT) columnist
Paul Krugman argues quite persuasively that the major problem with the fiscal stimulus package was that it was too small, given the financial crisis and the large economic crater the accompanying, pronounced recession created.
Further, the fiscal stimulus' many benefits -- including substantial job retention in essential public services such as education -- are harder to see and not likely to translate into too much political gain for President Obama and Congressional Democrats, he said. That's consistent with a political science axiom -- often repeated by U.S. Rep. Barney Frank, D-Massachusetts -- that
"Congress gets little credit or benefit for averting something." Indeed, retained jobs are hard to see, and the fact that a local public school system is is still operating with as many teachers is an accomplishment, but one that most American voters will take for granted, and not give Democrats credit for.
Continue reading Fiscal stimulus package's primary flaw: It was too small
Posted Nov 2nd 2009 1:00PM by Brent Archer (RSS feed)
Filed under: Earnings reports, Forecasts, Dean Foods (DF), Options, Technical Analysis
Dean Foods (NYSE: DF - option chain) stock traded lower Monday after the company reported Q3 earnings, posting an adjusted profit of 34 cents per share on revenue of $2.77 billion. While this beat analysts' expectations of 33 cents per share, the revenue targets were $2.94 billion. DF also forecast fourth-quarter EPS of 36 cents, missing analysts' projections of 39 cents. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on DF.
Monday, DF opened at $17.82. In early trading, the stock hit a high of $17.96 and a low of $16.43. As of 11:20, DF was trading at $16.59, down $1.64 (-9.0%). The chart for DF looks neutral and S&P gives DF a neutral 3 STARS (out of 5) hold ranking.
Continue reading Dean Foods (DF) issues weak Q4 guidance
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