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
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike

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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

AnnTaylor Stores Corporation (ANN)

New York-based retailer Ann Taylor said Friday it posted net income of $2.07 million or $0.03 per share for the third quarter, compared to a net loss of $13.45 million or $0.24 per share in the prior-year quarter. Net sales for the quarter dropped to $462.41 million from $527.22 million last year. Comparable-store sales decreased 13.7%.
Net sale missed Street estimate of $473.85 million.

Nov 20 · 1:01:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Time Warner (TWX)

AOL plans to cut 2,500 jobs, a third of their work force as it prepares to spin off from Tine Warner next month.
AOL's legacy dial-up Internet access business has been fading for many years. It's business is profitable, but profits are declining.

Nov 19 · 3:20:00 PM · Source: Yahoo Finance
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike

Saks Incorporated (SKS)

Saks Tuesday said that for the third quarter ended October 31, 2009 the Company posted net income of $1.9 million, or $.01 per share. This compares to a net loss of $43.7 million, or $.32 per share, for the prior year third quarter ended November 1, 2008. Revenue fell 8.5 percent to $631.4 million from $690.3 million a year earlier, and sales at stores open more than a year declined 10.1 percent.
The slight profit surprised analysts.

Nov 17 · 12:16:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

TJX (TJX)

TJX Companies said Tuesday its third quarter profit rose to $347.8 million, or 81 cents a share, from $235.9 million, or 54 cents a share, a year earlier. Revenue increased 10% to $5.24 billion.
Company CEO said TJX achieved record third-quarter results, driven by significant increases in comparable store sales and customer traffic that have continued to accelerate.

Nov 17 · 12:05:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Home Depot (HD)

Home Depot said Tuesday that for the fiscal third quarter period ended Nov. 1 it reported earnings of $689 million, or 41 cents per share, down from $756 million, or 45 cents per share, a year earlier. Revenue fell 8% to $16.36 billion; same-store sales dropped 6.9%.
Profit down, sales down, same-store sales down. None of that can really be looked at as good news. However, on the bright side, the drop in profit was less than analysts expected.

Nov 17 · 11:36:00 AM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter