Investors.com

Rising Airline Fees Key To The Industry's Recovery

Wed, 22 May 2013 19:39:00 GMT

Airlines are unbundling fees for baggage shipment, flight changes and the like from the price of a ticket. And those fees have been key to the industry's recent recovery. For the big carriers, fee revenue is still small potatoes. At Delta Air Lines (DAL), for example, it amounted to just 4.5% of total 2012 revenue of $36.67 billion. But for some smaller carriers such as highly rated discount carrier Spirit Airlines (SAVE), for example, it is a

Ford, GM Skip Summer Breaks To Meet Demand For Cars

Wed, 22 May 2013 19:39:00 GMT

Detroit is skipping its usual two-week break this summer. U.S. automakers including Ford Motor (F) and General Motors (GM) are trying to meet strong demand for new cars and trucks, with the fewer factories they have after downsizing in the wake of the global financial crises. So they're limiting or canceling altogether the traditional idling of plants that traditionally occurs in July for maintenance and new-model retooling. No. 2 U.S. automaker

Michaels Kors Holdings Designs A Bullish Growth Plan

Wed, 22 May 2013 18:59:00 GMT

Michael Kors Holdings makes no secret of its desire to become a much bigger player in the global market for high-end fashion items. The company designs, sells and distributes accessories, footwear and apparel. It is named after founder Michael Kors, a designer perhaps best known as a judge on "Project Runway." Most of its business comes from accessories such as handbags, small leather goods, eyewear, jewelry, watches and footwear. Michael Kors

Are Commercial Sales Key For AutoZone Growth?

Wed, 22 May 2013 17:17:00 GMT

The nation's largest auto parts retailer skidded a bit Wednesday, a day after surging on mixed but optimistic earnings results. An analyst reaffirmed a buy rating on AutoZone (AZO), but lowered his long-term earnings targets. Shares were down 1.2% intraday on the stock market today. That's after Tuesday's 4.6% earnings-fuel pop. But Nomura analyst Aram Rubinson said in a client note Wednesday that he thinks investors were "primed for lackluster

Eaton Vance Q2 Earnings In Line, Revenue Misses

Wed, 22 May 2013 16:52:00 GMT

Asset manager Eaton Vance (EV) reported Q2 earnings in line with estimates on Wednesday, but revenue fell short of expectations. The Boston-based firm said second-quarter EPS climbed 16% to 52 cents, in line with estimates. Revenue rose 9% to $331.7 million, under estimates of $336.6 million. Shares were little changed at mid-morning in the stock market today. On Monday, Eaton shares closed at a new high of 44.18. BlackRock (BLK) shares rose.

Staples Upbeat On 2013 Despite Q1 Earnings Stumble

Wed, 22 May 2013 16:22:00 GMT

Office supplies retail giant Staples (SPLS) reported first-quarter earnings results early Wednesday that missed analysts targets for profit and sales, and issued full-year guidance in line with estimates. The world's largest office supplies chain said Q1 earnings per share fell 13% to 26 cents, a penny less than 21 analysts polled by Thomson Reuters expected. Revenue slid 4.8% to $5.81 billion from $6.1 billion a year ago, hurt by a weak dollar

Cold Spring Weather Tanks Target's Tank-Top Sales

Wed, 22 May 2013 15:41:00 GMT

Cooler spring weather sapped sales of bathing suites, patio furniture and other warm-weather categories in the first quarter at discount department store Target (TGT). The retailer also lowered its outlook for the second quarter and the rest of the year, though its new earnings targets are still above analysts' expectations. Shares tumbled 3.8% intraday in the stock market today to 58.68. "While we are disappointed in our first-quarter

Toll Delivers But Will Margins Still Lag Peers?

Wed, 22 May 2013 15:36:00 GMT

Buoyed by better-than-expected quarterly results on higher volume and prices, shares of luxury homebuilder Toll Brothers (TOL) rose sharply in Wednesday morning trading. The No. 1 luxury builder in the U.S. beat Wall Street's forecasts on both the top and bottom line with earnings of 14 cents a share vs. 10 cents a year earlier and revenue of $516 million, up 38% from last year. Analysts had expected 7 cents and $512 million in revenue in its

American Eagle Q1 Beats Despite "Tough" Environment

Wed, 22 May 2013 15:16:00 GMT

American Eagle Outfitters (AEO) shares rose in early trading in the stock market today after the teen and young-adult clothing retailer posted better-than-expected first-quarter sales and profits Wednesday before the bell. The stock rose more than 2% in early trading. American Eagle's adjusted earnings from continuing operations slipped 18% to 18 cents a share, 1 cent ahead of forecasts by analysts polled by Thomson Reuters. Sales fell 4% to $679

Lowe's Misses, But Shares Rise On Improving Trend

Wed, 22 May 2013 13:37:00 GMT

Lowe's (LOW) missed first-quarter sales and earnings forecasts. The home improvement chain blamed bad weather. Its shares initially fell in pre-market trading on the stock market but turned slightly higher. Meanwhile, shares of fellow home improvement retailer

Check Out 5 Big Caps With Long-Term Growth Prospects

Wed, 22 May 2013 12:05:00 GMT

With the market posting strong gains and lifting most stocks, what's the best way to spot the long-term winners? Today's Screen Of The Day is Big Cap Leaders, companies with long-term growth records that are market leaders. It lists companies with a market capitalization of at least $10 billion with excellent returns. The top five companies are in widely different industries, from coffee to the Web to biotech. Four of the five: Regeneron

Home Depot Raises Roof On Earnings, Outlook, Stock

Tue, 21 May 2013 20:32:00 GMT

Home Depot on Tuesday reported better-than-expected first-quarter earnings and raised full-year guidance as the company benefits from the robust housing recovery. The No. 1 home improvement retailer earned 83 cents a share in Q1, up 28% vs. a year earlier, according to Thomson Reuters. Revenue rose 7% to $19.1 billion. Analysts expected EPS of 77 cents on sales of $18.69 billion. Home Depot (HD) rose 2.5% to 78.71, hitting a new

Home Loan's Goal: Own Low-Risk Assets, Pay Dividend

Tue, 21 May 2013 20:32:00 GMT

One of the keys to business success is creating win-win situations. Such is the case for Home Loan Servicing Solutions, which was started by key executives of Ocwen Financial a little over a year ago, Ocwen itself and investors, all of whom benefit from the created structure. Cayman Islands-based Home Loan (HLSS) buys mortgage servicing rights, or MSRs, as well as associated equity in servicing advances from Ocwen (OCN). It retains Ocwen as a

Urban Outfitters Shares Slip On Q1 Sales Miss

Tue, 21 May 2013 17:58:00 GMT

Urban Outfitters (URBN) shares traded down 2% Tuesday in the stock market today after the apparel retailer posted first-quarter sales that missed views, despite topping earnings forecasts. Urban, which reported its results after the stock market closed Monday, said earnings rose 39% to 32 cents a share, besting forecasts by analysts polled by Thomson Reuters for 29 cents a share. Sales rose 14% to $648.2 million, shy of estimates for $655.70

Saks Holds Margins, Accelerates E-Commerce Rollout

Tue, 21 May 2013 17:26:00 GMT

Upscale retailer Saks (SKS) grew sales in the first quarter and kept margins up, despite the wave of heavy discounting that swept through the retail landscape. It's also accelerating the launch of its discount online sales channel. Shares surged more than 8% to 13.28 in the stock market today. The operator of Saks Fifth Avenue posted adjusted earnings of 19 cents per share, flat with a year ago and in-line with consensus estimates of analysts

Monro Muffler, AutoZone Earnings Turbocharge Shares

Tue, 21 May 2013 17:04:00 GMT

The economy's slow pace of recovery continues to benefit car parts and repair companies as consumers make repairs to keep aging autos running right. Monro Muffler Brake (MNRO) and AutoZone (AZO) shares shot up early Tuesday in heavy volume, lifting the auto parts companies sector, after they reported generally strong quarterly earnings results. But there were clouds on the horizon as both reported mixed results. Monro said its fiscal

Discounter TJX First Quarter Sales, Earnings Slow

Tue, 21 May 2013 16:24:00 GMT

The parent of T.J. Maxx, Marshalls and HomeGoods stores posted slowing first-quarter sales, but said the second quarter was off to a strong start. TJX (TJX) earnings per share climbed 13% to 62 cents, matching the consensus estimate of analysts surveyed by Thomson Reuters. Sales climbed 7% to $6.2 billion, a hair over the $6.16 billion analysts were expecting. A year ago sales had climbed 11%. And sales at stores open at least a year, a key

Home Depot Stock Rises On Results But Builders Slump

Tue, 21 May 2013 15:59:00 GMT

With the housing recovery driving stronger than expected results, Home Depot (HD) beat analysts forecasts in the first quarter and raised full-year guidance to reflect the improving business environment. Shares rose 2% in morning trading after the No. 1 home improvement retailer reported earnings of 83 cents per share on revenue of $19.1 billion, up 22% and 7.4% respectively over last year. Smaller rival Lowe's (LOW), which reports results

JPMorgan's Dimon Survives Shareholder Unrest, Vote

Tue, 21 May 2013 15:22:00 GMT

JPMorgan Chase (JPM) CEO Jamie Dimon appears to have survived a vote that would have stripped him of the chairmanship of the nation's largest bank. Influential shareholders and institutional groups were pushing to split the CEO and chairman roles, citing the bank's embarrassing $6.2 billion "London Whale" botched hedging strategy as proof the board failed in its oversight responsibilities. It appeared that the votes, being tallied at today's

Dick's Sporting Goods Earnings Meet Views, Sales Miss

Tue, 21 May 2013 12:55:00 GMT

Shares of Dick's Sporting Goods (DKS) moved lower on the stock market after the sporting goods retailer met quarterly earnings views but fell short on revenue estimates. The Coraopolis, Pa.-based company reported earnings of 48 cents a share for its fiscal first quarter, which ended May 4. That was up 7% from the prior year and in line with estimates provided by a poll of Thomson Reuters analysts. It was the first time in 13 quarters that EPS

Monro, AutoZone, Advance Earnings Hinge On Aging Cars

Tue, 21 May 2013 12:05:00 GMT

New-car sales have been strong in recent months, but there's still a fleet of aging U.S. jalopies on the road needing brakes, belts and alternators. A handful of companies that cater to those aging cars report this coming week. On Tuesday morning Monro Muffler Brake (MNRO) reports fiscal fourth-quarter results. Analysts surveyed by Thomson Reuters on average expect earnings of 25 cents, down from 36 cents a year ago. But revenue is seen climbing

Gap, Ross, L Brands, Seen Showing Solid Q1

Tue, 21 May 2013 12:05:00 GMT

Wall Street goes on a shopping spree next week as a slew of top apparel retailers report results for the first quarter. Cold weather, tax refund delays, the payroll tax cut and economic concerns are among the forces that dampened spending during the quarter. But if analysts are on target, major clothing outfits Urban Outfitters (URBN), Ross Stores (ROST), L Brands (LTD) and Gap (GPS) may well have bucked the trend. Wall Street sees all four

Panel Details How Apple Avoided Paying U.S. Taxes

Tue, 21 May 2013 00:48:00 GMT

Apple has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes, including three foreign subsidiaries the company says have no home country for tax purposes, congressional investigators say. The world's most valuable technology company has $102 billion in offshore accounts and shifted billions in profits out of the U.S. into affiliates based in Ireland where it negotiated a tax rate of less than 2 percent, according

Solar, Energy Stocks Heat Up With Bolting RS Lines

Mon, 20 May 2013 23:50:00 GMT

The stock market keeps hitting new all-time highs, led by groups such as energy, medical and tech. Today's Screen Of The Day is Bolting RS lines. IBD's Relative Strength line measures how a stock is performing vs. the S&P 500 index. Stocks with rising RS lines are outpacing the general market -- meaning that it's a leader rather than a laggard. The list includes top-rated oil and natural gas companies Oceaneering International (OII), CVR Energy

GNC New Member Discount Program Seen Lifting Profits

Mon, 20 May 2013 20:44:00 GMT

If there's one thing Americans learned during the Great Recession, it's how to get more bang for the buck. Budget-minded consumers continued to apply that lesson even as the economy slowly recovered. Retailers of all stripes have worked hard to feed that appetite for value. That includes vitamin and nutritional supplement retailer GNC Holdings (GNC), which this month began rolling out a new customer loyalty program with an everyday variable

Higher-Margin Premium Pet Foods Key In PetSmart's Q1

Mon, 20 May 2013 17:38:00 GMT

Consumers still seem willing to pamper their pets, paying top-dollar for pricier products, which bodes well for PetSmart (PETM) reporting first-quarter results Wednesday. In March, the company said 75% of its food sales are the higher-margin premium brands -- the type of food sold only at pet retail stores and vet's offices. Those typically carry margins that are 1.8 to 2.2 times that of traditional pet foods sold at supermarkets, the company

How High Can Macau Growth Lift Las Vegas Sands, MGM?

Mon, 20 May 2013 17:26:00 GMT

Las Vegas Sands (LVS), MGM Resorts International (MGM), Wynn Resorts (WYNN) and other big-name casinos in China's Macau special gambling district may benefit from a report that gambling revenue in May will be higher than expected. China's improving economy enables more tourists from inland China to visit the coastal casino resort district, heating up the action. VIP gamblers from around the world fan the flames higher. RBC Capital Markets analyst

TJX, Target Results Up Next After Wal-Mart Miss

Sat, 18 May 2013 12:05:00 GMT

Wal-Mart (WMT) cautioned Thursday that it missed profit forecasts because shoppers were "stretched" and lowered its Q2 outlook. This week should provide a clearer picture of consumer spending as rival discounters TJX Cos. (TJX), which operates T.J. Maxx and Marshalls, Ross Stores (ROST), Dollar Tree (DLTR) and industry icon Target (TGT) report results.

Did April Housing Starts Dip Hurt Home Depot, Lowe's?

Sat, 18 May 2013 12:05:00 GMT

Building supplies and home improvement big box retailers Home Depot (HD) and Lowe's (LOW) will report first-quarter earnings this week. Their reports come after the Commerce Department said Thursday that housing starts fell last month. That report briefly drove homebuilder and home improvement company stocks down, although most rebounded by the end of the week. Many investors expect the housing recovery to continue and discounted the report. Toll

Pension Funds, Institutional Investors Aiming At JPMorgan

Fri, 17 May 2013 21:01:00 GMT

Hedge fund manager Daniel Loeb is trying to shake up Sony (SNE). Elliot Management succeeded in splitting the CEO and chairman roles at Hess (HES). David Einhorn demanded Apple (AAPL) return more cash to investors. But it's not just activist investors agitating, especially in the case of big banks. Many pension funds and other traditionally more-passive institutions are mounting a campaign to break up the CEO and chairman posts

Google, Web Content Providers Seeking Premium Service

Fri, 17 May 2013 20:35:00 GMT

The Internet is maturing into the world's greatest source of entertainment and information. But its revenue potential has been much more challenging to define and pursue than that of predecessors like radio or television. Google (GOOG) this month announced a package of initiatives to expand its revenue streams from Web content. Those included a streaming music service for $9.99 per month, an upgrade to Google maps and an arrangement allowing video

Google YouTube Takes On TV, Vimeo With Pay-Per-View

Fri, 17 May 2013 19:44:00 GMT

Google (GOOG) this month introduced paid subscriptions for its much-trafficked YouTube video site, a move that could draw more revenue from the lucrative video network. The new subscriptions allow Google-approved channels to charge 99 cents or more each month for access to videos. "I think it's an indication that they're serious about monetizing the business, and not just through advertising," said Wedge Partners analyst Martin Pyykkonen. "I think

Stage Stores Latest To Blame Cold Weather For Bad Q1

Fri, 17 May 2013 15:37:00 GMT

Stage Stores' (SSI) shares fell 4% in morning trading in the stock market today as the family-store brand retailer in small to mid-sized markets reported disappointing sales and profit for the first quarter ended April 28. The Houston-based company reported adjusted earnings of 2 cents a share, 7 cents below analysts forecast, according to Thomson Reuters, and 3 cents below last year's same quarter. CEO Michael Glazer blamed "unseasonably cool

Kansas City Southern to Replace Dean Foods In S&P 500

Fri, 17 May 2013 15:17:00 GMT

Railroad operator Kansas City Southern (KSU) will replace Dean Foods (DF) in the S&P 500 index after the close of trading on May 23. As part of the change, Dean will replace Kansas City Southern in the S&P MidCap 400. Dean, based in Dallas, makes and sells dairy products and juices to retailers and distributors. In another move, WhiteWave Foods (WWAV) will replace Quicksilver Resources (KWK) in the S&P MidCap 400. Dean Foods is spinning off a

Stratasys, Mindray Among 5 Stocks Funds Are Buying

Fri, 17 May 2013 12:05:00 GMT

Strong earnings growth on a hot new product or new leadership are key components in the CAN SLIM system. But it means nothing if institutional investors don't notice or care. Those banks, pensions, mutual funds and other institutions -- the 'I' in CAN SLIM -- are the market movers. Today's Screen Of The Day spotlights companies that have mutual funds accelerating their buys over the past three months. Here are five that are seeing higher-volume

Wal-Mart, Economic Data Point To Fragile Recovery

Thu, 16 May 2013 23:10:00 GMT

Falling U.S. sales at No. 1 retailer Wal-Mart was a clear indication of how fragile the economic recovery remains, while official data out Thursday offered more mixed signals. U.S. same-store sales at the Bentonville, Ark., giant fell 1.4% in the quarter ended April 30. Wal-Mart (WMT) had forecast flat sales. The company said customers are "still stretched," grappling with stubbornly high unemployment, payroll tax hikes and delays in

Private Equity Taps Homebuilders For Rentals To Buy

Thu, 16 May 2013 20:50:00 GMT

Investors seeking single-family homes to rent are buying land and newly built properties as foreclosures dwindle and existing home prices in the U.S. rise at their fastest pace since 2006. Landsmith paid $32.5 million this month for 250 Houston-area houses built last year. The firm, which began buying properties to rent in 2009, has 2,000 lots for new homes under contract and expects to purchase a total of 4,000 new houses this

Desire For Vacation Homes Heating Up, Sales Strong

Thu, 16 May 2013 20:50:00 GMT

Demand for vacation home sales is heating up as a strong stock market, and improving economy and job market, have given more consumers the confidence to spend more freely on second residences, summer homes and getaway spots. Real estate brokers in resort locales from the Mid-Atlantic to Lake Tahoe say second-home buying activity has picked up over the past year or so. Low interest rates and savory deals are a big draw, they say. And with lending

Urban Outfitters Turnaround Solid, Q1 Seen Strong

Thu, 16 May 2013 19:49:00 GMT

The Urban Outfitters store on Manhattan's Fifth Avenue catered to a packed house at the May 9 opening night party for its month-long pop-up shop modeled after ancient marketplaces. The shop showcased sustainable fashion and artisan's clothes using eclectic prints, patterns and traditional fabrics made by designers from Africa, Asia, North America and Europe. The rest of the store was also filled with shoppers, who were scoping out Urban

Buffett's Berkshire Hathaway's Credit Rating Slips

Thu, 16 May 2013 18:37:00 GMT

Warren Buffett's Berkshire Hathaway (BRKA) saw its credit rating taken down a notch by Standard & Poor's, as the credit review agency rethinks its views on insurance companies. The conglomerate, with holdings in railroads, insurance and industry, now has a still-high AA rating. But that's down from AA+. And S&P's outlook on the rating is negative, meaning more downgrades could come. "The lower credit rating on BRK better reflects our view of BRK's

U.S. Airlines Still Losing Money, But Skies Clearing

Thu, 16 May 2013 18:30:00 GMT

U.S. airlines are still losing money, but the financial skies seem to be clearing. Industry trade group Airlines for America (A4A) said the 10 publicly traded U.S. carriers collectively lost $552 million, or $3.30 per passenger, in the first three months of 2013 as travel slowed after the holiday surge. But that was significantly less than the $1.7 billion they lost in the same period a year ago. "Despite challenging year-over-year deterioration

Reports: BP Seeking Government Assistance For Claims

Thu, 16 May 2013 18:24:00 GMT

The explosion at the Deepwater Horizon killed 11 people and spewed oil into the Gulf of Mexico for three months in 2010, but the nightmare isn't over for BP (BP) and residents of the Gulf Coast. The BBC reported early Thursday that BP will ask U.K. Prime Minister David Cameron to help stop "nonexistent, artificially calculated" claims. Government officials said BP hasn't asked for help yet, and Cameron didn't mention the issue when

Hess, Elliot End Proxy War At 11th Hour

Thu, 16 May 2013 18:08:00 GMT

Hess (HES) and activist investor Elliott Management reached a deal Thursday to end the proxy fight and install new board members. Just before the oil company's annual shareholders meeting was set to begin in Houston on Thursday, Hess and Elliott reached an agreement on new board members. Elliot withdrew five director nominees and agreed to put its support behind five new nominees from Hess. Three candidates will be from Elliott and the board will

William Lyon Roars; Housing Starts Hit Other Builders

Thu, 16 May 2013 17:42:00 GMT

William Lyon Homes (WLH) picked a difficult day to go public, but shares rose in their debut even as most of its peers retreated on weak housing starts data The Newport Beach, Calif., homebuilder had sold 8.7 million shares at $25 each, above its projected $22-$24 range. The company, which builds homes in California, Arizona, Nevada and Colorado, rose as high as 27.99 early. They were selling 4.3% higher in Thursday afternoon trading in the stock

Wal-Mart Q1 Profit Misses, Comps Fall

Thu, 16 May 2013 16:02:00 GMT

Wal-Mart Stores (WMT) shares slipped 2% in mid-day trading in the stock market today after the world's largest retailer posted first-quarter profits Thursday that missed views as same-store sales fell at its Wal-Mart U.S. stores. Wall Street gave better news to Kohl's (KSS), sending its shares up more than 5% in mid-day trading after the value-oriented department store posted earnings Thursday that handily beat analysts' forecasts. Wal-Mart said

Prestige Slides On Revenue Miss But Vows More Buys

Thu, 16 May 2013 15:06:00 GMT

Consumer staples company Prestige Brands Holdings (PBH) beat Wall Street profit views by a penny in its March-ended fourth fiscal quarter, with adjusted earnings of 36 cents a share, up 38.5% from a year earlier. But revenue missed forecasts, sending shares down sharply in morning trading. Revenue rose 15.3% to $154.5 million, driven by growth in the company's 14 core over-the-counter brands and from two months of sales from 15 of the 17 brands it

Flowers Foods Beats Quarterly Sales and Earnings Views

Thu, 16 May 2013 14:40:00 GMT

Shares of Flowers Foods (FLO) opened higher in the stock market today after the maker of bakery products topped first-quarter sales and earnings views. The Thomasville, Ga.-based company posted earnings of 46 cents a share for the quarter. That was up from 28 cents the prior year and 3 cents above analyst estimates. Revenue rose 26% to a record $1.13 billion, topping views for $1.09 billion. It was the company's biggest quarterly revenue gain in

Wal-Mart, Gap Pressured On Bangladesh Safety Accord

Wed, 15 May 2013 19:41:00 GMT

Organizers pushing for an international building and fire safety accord for Bangladesh are calling out U.S. holdouts Wal-Mart Stores (WMT) and Gap (GPS), and say they hope both come onboard before a Wednesday deadline. The world's largest retailer said Tuesday it believed its own stepped-up inspection regimen in Bangladesh was more effective, and that it did not plan to join the European-led effort. Gap, which sells clothing through its Gap,

Southwest Raising Dividend, Shifting Boeing Orders

Wed, 15 May 2013 18:55:00 GMT

Southwest Airlines (LUV) is dramatically boosting its shareholder dividend, and pushing back some of its jet orders with Boeing (BA) to cut costs and get more efficient later models. The popular discount carrier's board approved the 4-cent payout, up from 1 cents per share, to be made on June 26. It also increased the size of its share buyback authorization to $1.5 billion, from $1 billion. Southwest shares climbed 2.4% intraday in the stock

Lockheed Shares Shoot To Fresh High On Deal With MBDA

Wed, 15 May 2013 18:15:00 GMT

Lockheed Martin (LMT) shares rose to the highest point in more than four years after the aerospace giant said it's working with Europe's MBDA, the world's No. 2 missile maker, to jointly develop advanced naval weapons. The companies will jointly assess the potential business opportunities of the new weapons systems. They plan to demonstrate the first fruits of their efforts later this year by jointly launching an MBDA CAMM surface-to-air and

Yandex Search Engine Sees Steady Growth In Russia

Wed, 15 May 2013 17:22:00 GMT

Somewhere in Russia, two people are probably arguing over a fact or a piece of trivia. Like many folks in the digital age, they decide to settle the matter by doing an Internet search to find out who's right and who's wrong. Do they say "Let's Yandex it" the way U.S. Internet users say, "Let's Google it?" Probably not -- even though Yandex (YNDX) is Russia's largest search engine, with more than 60% of the market. Its nearest competitor, Google

VimpelCom Dials Up Q1 Profit Gain, Sales Disappoint

Wed, 15 May 2013 16:53:00 GMT

VimpelCom (VIP), Russia's No. 3 telecommunications company, said first-quarter revenue fell from the same quarter last year, missing Wall Street's target and driving shares down sharply in early trading Wednesday. VimpelCom's revenue dipped fractionally to $5.59 billion in the quarter as much of Europe remains mired in recession and the company grapples with rugged competition. Consensus was for $5.65 billion revenue. Earnings per share rose 30%

Wet Spring, Weak Economy Dampens Deere Outlook

Wed, 15 May 2013 15:56:00 GMT

Deere (DE) topped analysts' expectations for the second quarter, noting the resilient farm economy. But it tamped down expectations for the rest of the year because of a cold, wet spring that dampened planting and construction projects in North America as well as the still woozy global economy. The tractor and combine maker posted fiscal second-quarter earnings of $2.76 per share, up 6% from a year ago. That was 4 cents per share more than

Macy's Earnings Top Views Despite Tax Hikes, Weather

Wed, 15 May 2013 15:56:00 GMT

Macy's (M) shares rose in the stock market today after the largest U.S. department store operator rang up first-quarter earnings that topped views amid solid sales gains, despite cold weather and economic concerns that cooled spending on spring merchandise. Macy's earnings rose 28% to 55 cents a share, beating forecasts by analysts polled by Thomson Reuters for 53 cents a share. Sales increased 4% to $6.39 billion, in line with views. But sales of

Arctic Cat Shares Decline On Disappointing Revenue

Wed, 15 May 2013 14:24:00 GMT

Shares of Arctic Cat (ACAT) moved lower in the stock market today after the maker of all-terrain vehicles and snowmobiles fell short of quarterly revenue views. The Plymouth, Minn.-based company posted a loss of 38 cents a share for the fiscal fourth quarter, which ended in March. That compares with a shortfall of 49 cents the prior year. Analysts polled by Thomson Reuters expected a loss of 40 cents. Arctic Cat typically loses money during the

LinkedIn, SouFun Show Best 5 Young Guns' Sales Strong

Wed, 15 May 2013 12:05:00 GMT

Maturity is important. But sometimes its the moxie and pluck of youth that wins the day. IBD's rotating Screen Of The Day menu helps investors pick out the best names among those topping estimates, or the elite among the big-cap stocks. Today's screen looks at Young Guns, or top-notch companies that have come public in the last 15 years. IBD research has shown time and again that stocks tend to make their biggest moves early in their trading