Comcast (CMCSA) announced yesterday after the close that 2007 results would come in slightly below previous guidance (Press Release) and shares are getting crushed today. Three analysts downgraded their rating on the stock from “Buy” to “Hold” this morning. Shares…
“We expect writedowns in fixed income inventory and a slowdown in M&A and origination activity to negatively impact results for all the brokers.” – JP Morgan Analyst Kenneth Worthington (subscription required), in a note this morning downgrading the brokers “In sum,…
Dell reported earnings after the close last night and investors appear not to have liked what they heard. While revenue was up 8.5% and net income 27%, gross margins were a bit below where analysts expected them, US Consumer PC…
“I think the world of her. She’s bold and she nails it.” – A multi billion dollar portfolio manager “Meredith is not afraid to say what she thinks. I think her call on Citi was dead on. She stripped the…
Citigroup (C) just announced that they are selling a $7.5 billion stake to the sovereign wealth fund of Abu Dhabi, one of the United Arab Emirates. The stake is in the form of equity units which are “mandatorily convertible” into…
Hewlett Packard (HPQ) reported another solid quarter today after the close. Revenues were up 15% and Net Income up 27%. EPS came in at 86 cents, above analyst estimates for 82 cents (HPQ FY 4Q Earnings Release). The forecast for…
Goldman Sachs analyst William Tanona this morning downgraded Citigroup (C) to “Sell” and suggested they might have to cut their dividend to raise capital. He also cut his price target on a number of other financial companies including Merrill Lynch,…
Starbucks (SBUX) US same store customer transactions decreased by 1% in the just completed quarter, the first time that measure has been negative since Starbucks started reporting it three years ago. Their 4% same store sales increase in the US…
“Over the past 10 years, in order to achieve the growth, development, and scale necessary to go from less than 1,000 stores to 13,000 stores and beyond, we have had to make a series of decisions that, in retrospect, have…
“As we look forward to the fourth quarter, we are doing so with a heightened sense of caution due to our belief that the overall macro environment is having a greater impact on retail traffic than we previously anticipated.” –…