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MARKET CURRENTS
real-time news and commentary for investors

  • Today - Tuesday, May 22, 2012

  • 10:48 AM Nordson (NDSN) +9.4% after its guidance yesterday offsets an FQ2 miss. Net profit -20% to $52.1M as lighter organic volume and higher expenses weakened margins. Nordson also announced the $200M buy of extrusion-dies producer EDI. In FQ3, Nordson expects EPS of $0.96-$1.04 vs. forecasts of $0.86 and revenue of $337M-$$349M vs. $326M. Comment!
  • CIS
    8:26 AM Camelot Information Systems (CIS): Q1 EPS of -$0.03 beats by $0.09. Revenue of $57.1M (+6.5% Y/Y) beats by $0.4M. (PR) Comment!
  • RL
    8:04 AM Polo Ralph Lauren (RL): FQ4 EPS of $0.99 beats by $0.14. Revenue of $1.62B (+14% Y/Y) in-line. Shares +5.2% premarket. (PR) Comment!
  • MDT
    7:50 AM Medtronic on (MDT) FQ4: Net profit rises to $991M from $776M, benefiting from growth across MDT's businesses and geographies - particularly in emerging markets - and strong product launches. Guidance: FY 2013 revenue growth 2%-4%, EPS of $3.62 to $3.70 vs. consensus of $3.66. Shares +2.65%. Comment!
  • BBY
    7:45 AM More on Best Buy's (BBY) Q1: Comparable-store sales down 5.3%, led lower by 10.5% fall in international sales. Domestic segment online revenue growth +20% Y/Y. Domestic segment mobile phones growth +13% Y/Y. Revenue per square foot flat compared to last year. Maintain FY13 EPS guidance of $3.50-$3.80. Shares +4.6% premarket. (PR) Comment!
  • 7:42 AM China Sunergy (CSUN): Q1 EPS of -$0.71 beats by $0.63. Revenue of $68.5M (-38.2% Y/Y) beats by $3.5M. (PR) Comment!
  • 7:39 AM Delia*s (DLIA): Q1 EPS of -$0.12 beats by $0.05. Revenue of $52.5M (+6.7% Y/Y) beats by $2M. (PR) Comment!
  • BBY
    7:35 AM Best Buy (BBY): Q1 EPS of $0.72 beats by $0.13. Revenue of $11.6B (+2% Y/Y) beats by $110M. Shares +7.9% premarket. (PR) Comment!
  • MDT
    7:23 AM Medtronic (MDT): Q4 EPS of $0.99 beats by $0.01. Revenue of $4.3B (+3% Y/Y) beats by $70M. (PR) 1 Comment
  • DSW
    7:15 AM DSW (DSW): Q1 EPS of $0.98 beats by $0.08. Revenue of $559M (+10.8% Y/Y) beats by $21M. (PR) Comment!
  • 7:14 AM Cracker Barrel (CBRL): FQ3 EPS of $0.86 beats by $0.11. Revenue of $609M (+4.5% Y/Y) in-line. (PR) Comment!
  • 7:11 AM Express (EXPR): Q1 EPS of $0.47 misses by $0.02. Revenue of $496M (+6% Y/Y) misses by $7M. (PR) Comment!
  • AZO
    7:07 AM AutoZone (AZO): FQ3 EPS of $6.28 beats by $0.02. Revenue of $2.1B (+6.8% Y/Y) in-line. (PR) 1 Comment
  • WSM
    6:45 AM More on Williams-Sonoma's (WSM) Q1: Brand revenue gain of 5.4% led by West Elm brand and Pottery Barn, offsetting declines at PBteen, Williams-Sonoma, and Pottery Barn Kids. Operating margin falls to 6.0% from 6.7% last year. Sees FY12 EPS of $2.42-$2.49, up from prior guidance of $2.37-$2.47. Expects FY12 revenue of $3.95B-$4.02B, just above the prior estimate of $3.93B-$4.02B. (PR) Comment!
  • WSM
    6:26 AM Williams-Sonoma (WSM): Q1 EPS of $0.34 beats by $0.02. Revenue of $818M (+6.1% Y/Y) beats by $7M. (PR) Comment!
  • VOD
    5:51 AM More on Vodafone (VOD) earnings: Takes impairment charge of £4B related to Southern Europe ops vs. £6.15B last year. Forecasts this FY's adjusted op profit at £11.1B-£11.9B vs. £11.5B last FY. Raises dividend 7% to 9.52 pence, excluding Verizon Wireless payout. 1 Comment
  • VOD
    5:40 AM Vodafone (VOD): FY 2011/2012 EBITDA -1.3% to £14.48B vs. forecasts of £14.5B; revenue +1.2% to £46.42B vs. $46.2B; net profit -13% to £6.96B. Shares +1.85% in London. (PR) Comment!
  • 12:10 AM Notable earnings after Tuesday's close: ADI, AVGO, CPWR, DELL, GES, PETM, PSS, QIHU, STV, TTWO Comment!
  • AZO, BBY
    12:05 AM Notable earnings before Tuesday’s open: AZO, BBY, MDT, RL, WSM Comment!
  • Monday, May 21, 2012

  • 5:35 PM Notable earnings after Tuesday's close: ADI, AVGO, CPWR, DELL, GES, PETM, PSS, QIHU, STV, TTWO 1 Comment
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