Barnes & Noble (BKS)

Barnes & Noble reported a second quarter net loss was $24.0 million, or $0.43 per share. Included in the net loss were one-time transaction expenses of $0.13 per share associated with the Barnes & Noble College Bookstore acquisition.

The company is lowering its full year earnings per share forecast to be in a range of $0.33 to $0.63, from its previous forecast of $0.59 to $0.89.

Additionally, the company also announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share payable on December 31, 2009, to stockholders of record on December 10, 2009.

Nov 24 · 11:48:00 AM · Source: Company Press Release
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by Rich Pike

Tyson Foods (TSN)

Tyson Foods, the world's largest meat producer, Monday reported a net loss of $455 million, or $1.22 a share, for the fiscal fourth quarter ended on Oct. 3, compared with a year-earlier profit of $48 million, or 13 cents a share. Revenue edged up to $7.21 billion from $7.20 billion.
Profits and revenues did beat analyst estimates.

Nov 23 · 2:29:00 PM · Source: Company News
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by Larry Etter

CIENA (CIEN)

Ciena Corp., a fiber-optic gear maker for phone companies, won an auction for Nortel Networks Corp.’s optical-networking business, topping a bid from Nokia Siemens Networks by raising its offer to $769 million. Ciena will pay $530 million in cash and issue $239 million of convertible notes, according to a statement from the company today. It expects to close the deal in the first quarter.

Nov 23 · 2:26:00 PM · Source: Company News
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by Larry Etter

Campbell's Soup (CPB)

Campbell Soup said Monday it earned $304 million, or 87 cents a share, in the fiscal first quarter that ended November 1, up from $260 million, or 70 cents a share, a year earlier. Sales fell 2.1 percent to $2.2 billion from a year ago.
Analysts had projected 81 cents per share and company's CEO said U.S. soup sales were improving and had risen 10 percent in October

Nov 23 · 2:22:00 PM · Source: Company News
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by Larry Etter

Housing

Sales of previously owned homes jumped 10.1 percent in October from September to their highest pace in more than two years, driven in part by a lucrative tax credit for first-time home buyers, according to industry data released Monday. The National Association of Realtors reported that sales of existing single family homes, townhomes and condominiums surged to a seasonally adjusted annual rate of 6.10 million units last month from a downwardly revised rate of 5.54 million in September -- the highest pace since February 2007. Sales were up 23.5 percent from the same time last year.

Nov 23 · 2:16:00 PM · Source: Washington Post
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by Larry Etter

D.R. Horton (DHI)

California homebuilder D. R. Horton Friday said it had a net loss for the fiscal fourth quarter ended Sept. 30 of $231.9 million, or 73 cents a share, compared with a year-earlier loss of $799.9 million, or $2.53 a share. Revenue slumped 44 percent to $1 billion as the number of completed sales dropped 31 percent.
Results missed Street estimates

Nov 20 · 1:21:00 PM · Source: Company News
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by Larry Etter

America's Car-Mart Inc. (CRMT)

America's Car-Mart said its fiscal second quarter net income attributable to common shareholders increased to $6.3 million or $0.53 per share from $3.87 million or $0.33 per share in the previous year. Total revenues for the quarter grew 14.7% to $82.56 million from $71.98 million in the same quarter last year. Three analysts estimated revenues of $80.56 million for the quarter.

Nov 20 · 1:15:00 PM · Source: Company News
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by Larry Etter

J.M. Smucker (SJM)

J.M. Smucker said Friday it had fiscal second quarter profit of $140 million, or $1.18 a share, compared with a profit of $51.5 million, or 94 cents a share, from a year ago. Revenue rose to $1.28 billion.
The results easily topped Street estimates.

Nov 20 · 1:10:00 PM · Source: Company News Release
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by Larry Etter