Advertisement
YOU ARE HERE: LAT HomeCollectionsReuters Estimates
IN THE NEWS

Reuters Estimates

FEATURED ARTICLES
BUSINESS
April 9, 2008 | From Times Staff and Wire Reports
California Pizza Kitchen Inc. raised its first-quarter earnings outlook on stronger-than-expected sales, sending its stock up more than 7% in extended trading. The casual-dining chain forecast earnings of 7 to 8 cents a share for the quarter as opposed to its previous forecast of 4 to 6 cents. Wall Street analysts, on average, had been expecting earnings of 5 cents a share, according to Reuters Estimates.
ARTICLES BY DATE
BUSINESS
May 1, 2009 | Times Wire Reports
Big 5 Sporting Goods Corp. said its first-quarter profit tumbled 33% as consumers continued to pull back on spending. The retailer also lowered its quarterly dividend to a nickel from 9 cents. The performance nevertheless beat Wall Street expectations and the company's outlook also topped estimates. Shares of Big 5 rose 20 cents to $8.43 in after-hours trading, after closing up 14 cents at $8.23. The El Segundo company said it earned $2.8 million, or 13 cents a share, compared with $4.1 million, or 19 cents, a year earlier.
Advertisement
BUSINESS
May 21, 2008 | From Times Wire Services
Upscale retailer Saks Inc. reported lower-than-expected quarterly profit as markdowns pressured gross margin. Earnings rose to $18.3 million, or 13 cents a share, for the fiscal first quarter ended May 3, from $11 million, or 7 cents, a year earlier. Analysts had expected 17 cents a share, according to Reuters Estimates. The operator of Saks Fifth Avenue stores said sales rose 9% to $862.4 million as consumers responded to promotions. Sales at stores open at least a year rose 8.4%.
BUSINESS
July 24, 2008 | From Times Wire Reports
Shoemaker Skechers USA Inc. posted second-quarter net income of $14.6 million, or 31 cents a share, compared to $14.9 million, or 32 cents, a year earlier. Revenue edged up to $354.6 million from $352.2 million. Analysts on average expected earnings of 34 cents a share, before items, on revenue of $360.3 million, according to Reuters Estimates. For the third quarter, the Manhattan Beach-based company said it expected earnings of 57 cents to 65 cents a share on revenue of $425 million to $440 million.
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.
BUSINESS
July 24, 2008 | From Times Wire Reports
Shoemaker Skechers USA Inc. posted second-quarter net income of $14.6 million, or 31 cents a share, compared to $14.9 million, or 32 cents, a year earlier. Revenue edged up to $354.6 million from $352.2 million. Analysts on average expected earnings of 34 cents a share, before items, on revenue of $360.3 million, according to Reuters Estimates. For the third quarter, the Manhattan Beach-based company said it expected earnings of 57 cents to 65 cents a share on revenue of $425 million to $440 million.
BUSINESS
April 25, 2008 | From Times Staff and Wire Reports
Cheesecake Factory Inc. posted lower quarterly results as bad weather worsened a decline in sales at established restaurants. The Calabasas Hills-based company had first-quarter net income of $14.3 million, or 21 cents a share, matching the average of analysts' estimates compiled by Reuters Estimates. Year-earlier net income was $18.4 million, or 24 cents. Revenue increased 10% to $393.8 million. Sales at restaurants open at least 18 months fell 1.8% in the quarter, as inclement weather lowered results by about $1.6 million.
BUSINESS
May 14, 2008 | From Times Wire Services
Whole Foods Market Inc. posted lower quarterly profit, missing analysts' estimates by a penny, as it booked charges related to its $565-million acquisition of rival Wild Oats Markets in August. Despite a 28% rise in sales during the quarter, the natural and organic foods seller left its fiscal 2008 sales outlook unchanged. The Austin, Texas-based company had fiscal second-quarter net income of $40 million, or 29 cents a share, compared with $46 million, or 33 cents, a year earlier.
BUSINESS
February 27, 2008 | From the Associated Press
Athletic-shoe maker K-Swiss Inc. posted a 94% drop in quarterly profit and forecast that U.S. revenue would significantly decline in the first quarter and 2008. For the fourth quarter, the Westlake Village-based company said it earned $596,000, or 2 cents a share, compared with $10.7 million, or 30 cents, a year earlier. Revenue decreased 17% to $78.2 million, mainly because of a 35% drop in U.S. revenue. International revenue rose more than 6% to $43.9 million. Analysts on average were expecting earnings of 4 cents a share, before special items, on revenue of $77.1 million, according to Reuters Estimates.
BUSINESS
March 28, 2008 | From Times Wire Services
Upscale home-goods retailer Williams-Sonoma Inc. posted a higher quarterly profit, but its shares fell 4% after it forecast disappointing earnings for the current fiscal year on tough economic conditions. The owner of the Williams-Sonoma, Pottery Barn and West Elm chains forecast earnings per share of $1.42 to $1.56 for the fiscal year that began Feb. 4. Analysts, on average, were expecting $1.62, according to Reuters Estimates. For the current quarter, Williams-Sonoma said it expected results of break-even to earnings of 3 cents a share.
BUSINESS
May 21, 2008 | From Times Wire Reports
Home Depot Inc. reported a 66% drop in fiscal first-quarter profit Tuesday as the U.S. housing meltdown hurt sales and it took a charge to close stores and curb expansion plans. The world's biggest home improvement retailer said its full-year per-share profit could fall as much as 24%, and its shares sank more than 5%. Results "were predictably poor," said Paul Larson, an equities strategist at Morningstar. "When you have an economy like we do today, consumers are going to spend less on discretionary items."
BUSINESS
May 21, 2008 | From Times Wire Services
Upscale retailer Saks Inc. reported lower-than-expected quarterly profit as markdowns pressured gross margin. Earnings rose to $18.3 million, or 13 cents a share, for the fiscal first quarter ended May 3, from $11 million, or 7 cents, a year earlier. Analysts had expected 17 cents a share, according to Reuters Estimates. The operator of Saks Fifth Avenue stores said sales rose 9% to $862.4 million as consumers responded to promotions. Sales at stores open at least a year rose 8.4%.
BUSINESS
May 16, 2008 | From Times Wire Services
Upscale department store Nordstrom Inc. reported a lower quarterly profit that beat Wall Street estimates. The company lowered its fiscal 2008 earnings range and said it would cut operating expenses to lessen the effect of lower sales. First-quarter profit was $119 million, or 54 cents a share, compared with $157 million, or 60 cents, a year earlier. Analysts, on average, had been expecting earnings of 48 cents a share, according to Reuters Estimates. As previously announced, first-quarter sales fell nearly 4% to $1.88 billion, and sales at stores open at least a year, a key gauge of retail performance, fell 6.5%.
BUSINESS
May 14, 2008 | From Times Wire Services
Whole Foods Market Inc. posted lower quarterly profit, missing analysts' estimates by a penny, as it booked charges related to its $565-million acquisition of rival Wild Oats Markets in August. Despite a 28% rise in sales during the quarter, the natural and organic foods seller left its fiscal 2008 sales outlook unchanged. The Austin, Texas-based company had fiscal second-quarter net income of $40 million, or 29 cents a share, compared with $46 million, or 33 cents, a year earlier.
BUSINESS
May 13, 2008
Bond insurer MBIA Inc. posted a quarterly loss of $2.4 billion as it took charges on billions of dollars of exposure to bonds linked to sub-prime mortgages. But MBIA's beaten-down shares rose more than 4% as adjusted results beat expectations and the company said new business volumes appeared to be rising from the first quarter. The charges announced Monday wiped out 40% of MBIA's net worth, but MBIA said most of the changes it recorded in the value of its exposure would not translate to actual payouts on insurance.
BUSINESS
May 9, 2008 | From Times Wire Services
American International Group Inc., the world's largest insurer, posted its largest quarterly loss Thursday and said it would raise $12.5 billion to strengthen its balance sheet. The result marked the second consecutive quarter AIG posted record losses, hurt by a write-down of derivatives stemming in part from bad mortgage investments. AIG said the first-quarter loss was $7.81 billion, or $3.09 a share, compared with net income of $4.13 billion, or $1.58, a year earlier. Included in AIG's red ink was a $9.11-billion charge for unrealized market valuation losses on credit swaps.
BUSINESS
May 1, 2008 | From Times Wire Services
Health Net Inc. on Wednesday posted a first-quarter loss and cut its full-year profit forecast. The Woodland Hills-based company said it did not reserve adequately for medical claims primarily from the fourth quarter of 2007 that it described as unusual. Results also were hurt by a surge in medical costs from the flu. Health Net said it was seeing higher-than-expected costs in its Medicare plans for the elderly and expected lower income from its Medicaid plan for low-income Californians because of a rate cut. It also faces higher-than-expected taxes.
BUSINESS
May 13, 2008
Bond insurer MBIA Inc. posted a quarterly loss of $2.4 billion as it took charges on billions of dollars of exposure to bonds linked to sub-prime mortgages. But MBIA's beaten-down shares rose more than 4% as adjusted results beat expectations and the company said new business volumes appeared to be rising from the first quarter. The charges announced Monday wiped out 40% of MBIA's net worth, but MBIA said most of the changes it recorded in the value of its exposure would not translate to actual payouts on insurance.
BUSINESS
May 1, 2008 | From Times Wire Services
Health Net Inc. on Wednesday posted a first-quarter loss and cut its full-year profit forecast. The Woodland Hills-based company said it did not reserve adequately for medical claims primarily from the fourth quarter of 2007 that it described as unusual. Results also were hurt by a surge in medical costs from the flu. Health Net said it was seeing higher-than-expected costs in its Medicare plans for the elderly and expected lower income from its Medicaid plan for low-income Californians because of a rate cut. It also faces higher-than-expected taxes.
BUSINESS
May 1, 2008 | From Times Wire Services
For-profit education company Corinthian Colleges Inc. reported slightly lower quarterly profit, citing a loss from the sale of some schools, and said full-year earnings should come in at the low end of its previous forecast. The Santa Ana-based company, which has scrambled to retain students after Sallie Mae said it would stop providing private loans, said it now required most students to make monthly cash payments. It also has established a lending program and is working with third-party lenders to secure additional funds for students.
Los Angeles Times Articles
|