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MARKET CURRENTS
real-time news and commentary for investors

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  • Today - Tuesday, May 22

  • CPB
    7:16 AM Goldman Sachs reiterates its Sell rating on Campbell Soup (CPB) after the company recorded a "low quality" earnings beat in FQ3. Analysts with the firm see the core U.S. soup segment as a major issue, with price increases at risk of driving down sales. Comment!
  • DSW
    7:15 AM DSW (DSW): Q1 EPS of $0.98 beats by $0.08. Revenue of $559M (+10.8% Y/Y) beats by $21M. (PR) Comment!
  • 7:14 AM Cracker Barrel (CBRL): FQ3 EPS of $0.86 beats by $0.11. Revenue of $609M (+4.5% Y/Y) in-line. (PR) Comment!
  • 7:11 AM Express (EXPR): Q1 EPS of $0.47 misses by $0.02. Revenue of $496M (+6% Y/Y) misses by $7M. (PR) Comment!
  • 7:10 AM Comcast (CMCSA) launches Xfinity TV on its X1 next-generation cloud-enabled TV platform. The company says the service - available soon for HD/DVR customers - will use cloud servers to integrate customized apps, social media, and traditional video services - all controlled by an iPhone or iPod touch if desired. 1 Comment
  • AZO
    7:07 AM AutoZone (AZO): FQ3 EPS of $6.28 beats by $0.02. Revenue of $2.1B (+6.8% Y/Y) in-line. (PR) Comment!
  • UAL
    7:02 AM United Airlines (UAL) plans to add daily nonstop service to Tokyo from Denver International Airport - the first carrier to fly direct to Asia out of Denver. The move continues an industry trend of unprofitable European routes getting trimmed in favor of new Asian routes. Comment!
  • GES
    6:57 AM Guess? (GES) delivers a parting shot against Gucci over a three-year lawsuit that ended up with a small award of $2.5M against it over licensing issues, saying the whole affair could have been settled with a single letter or phone call. The suit asked for damages of over $100M, tripled, on the premise that Gucci's designs were intentionally copied by Guess? to boost sales. Comment!
  • WSM
    6:26 AM Williams-Sonoma (WSM): Q1 EPS of $0.34 beats by $0.02. Revenue of $818M (+6.1% Y/Y) beats by $7M. (PR) Comment!
  • LOW
    6:25 AM Piper backtracks on a recent upgrade of Lowe's (LOW) after yesterday's guidance blunder, shuffling LOW to Neutral from Overweight, and reducing price-target to $28 from $41. "We still expect home remodeling growth to run above GDP growth for 2012-3, but no longer believe LOW is fully participating in the remodeling cycle," firm says. Shares -10% Monday to $25.60. 1 Comment
  • VOD
    5:51 AM More on Vodafone (VOD) earnings: Takes impairment charge of £4B related to Southern Europe ops vs. £6.15B last year. Forecasts this FY's adjusted op profit at £11.1B-£11.9B vs. £11.5B last FY. Raises dividend 7% to 9.52 pence, excluding Verizon Wireless payout. 1 Comment
  • VOD
    5:40 AM Vodafone (VOD): FY 2011/2012 EBITDA -1.3% to £14.48B vs. forecasts of £14.5B; revenue +1.2% to £46.42B vs. $46.2B; net profit -13% to £6.96B. Shares +1.85% in London. (PR) Comment!
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