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BUSINESS
April 30, 2008 | From Times Wire Services
Molina Healthcare Inc., a health insurer that specializes in Medicaid plans, reported a 38% rise in quarterly profit as premium revenue surged, but cut its 2008 earnings outlook partly because of declining interest rates and higher taxes. First-quarter net income was $13.2 million, or 46 cents a share, compared with $9.6 million, or 34 cents, a year earlier. Revenue rose 31% to $737 million. Analysts were expecting the Long Beach company to earn 45 cents a share on revenue of $708.
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BUSINESS
August 21, 2013 | By Ricardo Lopez
Lowe's fiscal second-quarter earnings provided even further evidence that the housing recovery is boosting the economy. Lowe's Cos. on Wednesday reported that earnings for the quarter that ended Aug. 2 jumped 26% to $941 million, or 88 cents a share, compared with the same period a year earlier. “Home improvement demand was strong during the quarter, and we capitalized on it with improving execution," said Ro bert A. Niblock , Lowe's chief executive. “We drove a healthy balance of ticket and transaction growth, and delivered solid performance across all product categories.” Lowe's reported that sales increased to $15.7 billion, up 10.3% from the second quarter of 2012.  Home price increases, city by city The North Carolina-based retailer also raised its earnings outlook for the year.
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BUSINESS
June 20, 2001 | Reuters
Tellabs Inc. slashed its second-quarter financial outlook, becoming the latest telecommunications equipment maker to be slammed by the slowing economy and reduced equipment-spending by telecommunications and Internet customers. The Lisle, Ill.-based company expects second-quarter earnings per share to be break-even before restructuring and other charges. Wall Street analysts had expected the company to earn 29 cents a share.
BUSINESS
November 27, 2012 | By Chad Terhune, Los Angeles Times
UnitedHealth Group Inc., the nation's largest health insurer, issued a weaker-than-expected 2013 profit outlook amid worries about economic growth and negotiations over federal spending. Ahead of its annual investor conference Tuesday, UnitedHealth said it expects earnings next year to be $5.25 to $5.50 a share. That's slightly below the average analyst estimate of $5.58 a share. But the Minnetonka, Minn., company's projection of annual revenue of as much as $124 billion topped analysts' expectations of $119 billion.
BUSINESS
March 19, 2005 | From Associated Press
RadioShack Corp. lowered its earnings outlook because of a slowdown in wireless sales and a weaker-than-expected performance in its battery business. The consumer electronics retailer's shares skidded $3.11, or 11%, to close at $24.60 on the New York Stock Exchange. The close was the stock's lowest since June 2003. The Fort Worth-based company lowered its first-quarter earnings forecast to between 30 cents and 34 cents a share from a previous forecast of 39 cents to 41 cents.
BUSINESS
August 12, 2010 | By Andrea Chang, Los Angeles Times
Profit surged at Macy's Inc. in the second quarter, thanks to continued payoff from several changes within the company, including more locally tailored merchandise and new exclusive brands that led to robust sales at the department store giant. Chief Executive Terry J. Lundgren said Wednesday that although the economic environment remained uncertain, the company "is beginning to hit its stride" after implementing structural and organizational changes over the last two years. "The improvement in our business is not the result of a single factor," he said.
BUSINESS
October 23, 2002 | Associated Press
R.J. Reynolds Tobacco Holdings Inc. said its third-quarter earnings were up, but the maker of Winston, Camel and Doral cigarettes lowered its earnings outlook for the year for the second time in as many months. RJR posted earnings of $139 million, or $1.56 a share, up from $119 million, or $1.22 a share, a year ago. Sales declined 3% to $1.59 billion. The company lowered its earnings outlook for 2002 to $6.05 to $6.40 a share. Shares of RJR rose 37 cents to $42.90 on the NYSE.
BUSINESS
November 15, 2011
Home Depot says spending on home projects and storm-related repairs helped boost its third-quarter net income 12 percent. Home-improvement retailers are facing cautious consumer spending and a weak housing market. Atlanta-based Home Depot Inc.'s smaller rival Lowe's Cos. reported Monday its third-quarter net income fell 44 percent on restructuring costs. But Home Depot fared better. Its results beat expectations and the company raised its 2011 earnings outlook. The No. 1 U.S. home-improvement retailer says net income rose 12 percent to $934 million, or 60 cents per share.
BUSINESS
November 13, 2002 | From Reuters
Upscale clothing retailer Nordstrom Inc. reduced its third-quarter earnings outlook, hurt in part by record-keeping changes associated with a new inventory management system. The Seattle-based company expects earnings in the range of 13 cents to 14 cents a share, compared with 8 cents in the third quarter of 2001. The company had expected to earn 16 cents to 20 cents a share in the period. Nordstrom was the stock that fell the most after the 4 p.m.
BUSINESS
September 23, 2009 | Times Wire Reports
Lowe's Cos. executives said they expected sales to begin rising again in fiscal 2010 as the housing market stabilizes, even as consumers have changed the way they approach home improvement projects in the recession. Still, the 2010 earnings outlook for the Mooresville, N.C., home improvement chain disappointed investors, and shares fell 88 cents to close at $21.07. Lowe's reiterated guidance for fiscal 2009 of $1.13 to $1.21 a share, with sales down about 3%.
BUSINESS
January 24, 2012 | By Shan Li, Los Angeles Times
After a weak holiday season, shares of Malibu toy maker Jakks Pacific Inc. rose on rumors that it may once again get a takeover bid from Oaktree Capital Management — after rejecting an earlier offer from the Los Angeles investment company. An industry analyst suggested that, because of the poor holiday results, the new bid may be lower than the last one. Last October, Oaktree offered to take the toy company private in a $670-million hostile bid that offered shareholders $20 a share in cash.
BUSINESS
November 15, 2011
Home Depot says spending on home projects and storm-related repairs helped boost its third-quarter net income 12 percent. Home-improvement retailers are facing cautious consumer spending and a weak housing market. Atlanta-based Home Depot Inc.'s smaller rival Lowe's Cos. reported Monday its third-quarter net income fell 44 percent on restructuring costs. But Home Depot fared better. Its results beat expectations and the company raised its 2011 earnings outlook. The No. 1 U.S. home-improvement retailer says net income rose 12 percent to $934 million, or 60 cents per share.
BUSINESS
January 17, 2011 | Reuters
U.S. bank stocks are flying high, and this week's earnings could give investors more reason to be optimistic about the sector. Strong results from JPMorgan Chase & Co. on Friday bolstered expectations for top U.S. banks, many of which are scheduled to report in the coming week, including Citigroup Inc. and Goldman Sachs Group Inc. Financials have been among market leaders in the recent rally, with the Standard & Poor's 500 index posting its...
BUSINESS
November 10, 2010 | By Nate Jackson, Los Angeles Times
Macy's Inc. posted a profit for its fiscal third quarter ? a turnaround from last year's loss in the same period ? as better online marketing and promotions, locally tailored merchandising and a return of affluent shoppers boosted its operations. The nation's second-largest department store chain reported a profit of $10 million, or 2 cents a share, for the three months ended Oct. 30, compared with a loss of $35 million, or 8 cents, for last year's third quarter. Quarterly revenue rose 5.7% to $5.6 billion from $5.3 billion.
BUSINESS
November 3, 2010
Time Warner, the media conglomerate behind Warner Bros., HBO, CNN and DC Comics. said Wednesday its third-quarter net income declined, but adjusted earnings surpassed Wall Street's expectations thanks to growing subscription and ad revenue in its networks business. Providing more evidence that the advertising freeze has begun to thaw, the company again raised its adjusted earnings outlook for 2010, saying it now expects percentage growth in the high 20 percent range. In August Time Warner said it expects growth of "at least" 20 percent, another raise from the prior quarter.
BUSINESS
October 30, 2010 | By Ronald D. White, Los Angeles Times
Edison International, parent of Southern California Edison, said earnings jumped 27% in the third quarter, beating analysts' expectations. The Rosemead company also raised its earnings guidance for 2010. Both Edison's utility and its unregulated generation subsidiary "delivered solid earnings growth this quarter," said Theodore F. Craver Jr., chairman and chief executive of Edison International. Craver credited Edison International's "focus on our three primary operating principles of superior execution, financial discipline and innovative solutions.
BUSINESS
February 10, 2006 | From Associated Press
A growing appetite for flat-screen TVs led Best Buy Co. to boost its fiscal fourth-quarter earnings outlook, sending its shares up 8.5%. The nation's largest consumer electronics chain also credited strong gift-card spending and tighter expense controls for raising the range of its earnings expectations. For the quarter ending Feb. 25, Best Buy projected earnings from continuing operations of $1.25 to $1.30 a share, versus its previous view, which called for earnings at the high end of a $1.
BUSINESS
August 12, 2010 | By Andrea Chang, Los Angeles Times
Profit surged at Macy's Inc. in the second quarter, thanks to continued payoff from several changes within the company, including more locally tailored merchandise and new exclusive brands that led to robust sales at the department store giant. Chief Executive Terry J. Lundgren said Wednesday that although the economic environment remained uncertain, the company "is beginning to hit its stride" after implementing structural and organizational changes over the last two years. "The improvement in our business is not the result of a single factor," he said.
BUSINESS
September 23, 2009 | Times Wire Reports
Lowe's Cos. executives said they expected sales to begin rising again in fiscal 2010 as the housing market stabilizes, even as consumers have changed the way they approach home improvement projects in the recession. Still, the 2010 earnings outlook for the Mooresville, N.C., home improvement chain disappointed investors, and shares fell 88 cents to close at $21.07. Lowe's reiterated guidance for fiscal 2009 of $1.13 to $1.21 a share, with sales down about 3%.
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