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Brad Gibson

EDITORIAL: 9/11 – 15 Years Later, Are We Any Safer?

Every single American I know who was over the age of 15 on September 11, 2001, can tell you where he or she was when getting the news off the second plane hitting the second tower. Most can even tell you what they were wearing and even the weather that day. That day is etched […]

Lululemon Fourth Quarter Income Flat On Increased Sales

( – Lululemon Athletica Inc. (NASDAQ: LULU) has reported its fourth quarter and full year results. For the 13 week fourth quarter ended February 2, 2014 (fiscal 2013), net income attributable to Lululemon Athletica Inc. was $109.7 million, or $0.75 per diluted share, compared to $109.4 million, or $0.75 per diluted share, for the 14 […]

Existing Home Sales Down In February

( – The National Association of Realtors (NAR) has reported that completed sales of previously occupied homes fell 0.4 percent in February as compared to January, and were down 7.1 percent below the level in February 2013. February’s sales were at the lowest seasonally adjusted annual rate since July 2012. NAR chief economist Lawrence Yun […]

Dollar General Reports Record Results

( – Dollar General Corporation (NYSE: DG) has reported record sales, operating profit and net income for both its fourth quarter and full year in spite of a weak retail environment and harsh winter weather which forced many store closings. Net income for the quarter ended January 31, 2014 (fiscal 2013) was $322.2 million, or […]

February Job Growth Beats Expectations After Two Disappointing Months

( – The U.S. Bureau of Labor Statistics (BLS) report of February employment data showed better than expected job growth after two months of disappointing results. According to this morning’s “Employment Situation Summary” for February released by the BLS, total nonfarm payroll employment increased by 175,000 and the unemployment rate of 6.7 percent was up […]

Smith & Wesson Shares Soar On Third Quarter Results

( – Smith & Wesson Holding Corporation (NASDAQ: SWHC) shares soared in Tuesday’s after-hours trading after reporting better than expected results. Sales were up on a 29.9 percent increase in handgun sales, and gross profit benefited from the resulting improved utilization of manufacturing capacity, along with a more favorable product mix. Net income for the […]

Durable Goods Orders Fall Slightly In January

New orders for manufactured durable goods decreased $2.2 billion, or 1.0 percent, to $225.0 billion in January. This was the third decrease out of the past four months, but the decline was less than expected. At this point it’s hard to tell if the decline, or a part of it, is due to the underlying […]

Macy’s Fourth Quarter Hurt By Weather

Macy’s, Inc. (NYSE: M) eked out an increase in comparable store sales for its fourth quarter as unusually bad weather in January partially offset gains in November and December. The company says that 244 Macy’s and Bloomingdale’s stores were closed at some point during January because of the weather. Net income for the 13-week quarter […]

Homebuilder Confidence Plunges In February

Homebuilder confidence in the U.S. market for newly-built single-family homes plunged in February, attributed to weather conditions and concerns over the cost and availability of both labor and lots. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for February, released this morning, fell to 46 – down 10 points from January. The […]

Burger King Reports Strong Fourth Quarter Profit And Underlying Revenue Growth

Burger King Worldwide, Inc. (NYSE: BKW) reported a 37 percent increase in net income led largely by by growth in overseas markets. Net income for the quarter ended December 31, 2013 was $66.8 million, or $0.19 per diluted share, compared to $48.6 million, or $0.14 per diluted share, in the fourth quarter of fiscal 2012. […]

Hasbro Results Miss Expectations

Hasbro, Inc. (NASDAQ: HAS); the toy company with brands such as Transformers, Monopoly, Play-Doh and Nerf; has reported worse than expected fourth quarter results after a weak holiday season in North America. For the fourth quarter ended December 29, 2013, net earnings attributable to Hasbro, Inc. were $129.8 million, or $0.98 per diluted share, compared […]

Twitter Revenues Beat Expectations, But Slowing User Growth Rattles Investors

Twitter, Inc. (NYSE:TWTR) reported better than expected fourth quarter revenue, but growth in monthly average users was just 3.8 percent over the immediately preceding third quarter and the number of timeline views actually fell from the third quarter. The slowing of user growth rattled investors and shares of TWTR ended Wednesday’s after-hours trading down approximately […]

Amazon Shares Fall After Fourth Quarter Results And Guidance Miss Expectations, Inc. (NASDAQ: AMZN) reported large year-over-year increases in fourth quarter revenue and income. However shares plunged in Thursday’s after-hours trading as results were below expectations, and Amazon’s guidance indicated that first quarter 2014 operating income will at best barely beat Q1 2013 and at worst be a loss. Net income for the quarter ended […]

AT&T Results Up, But Number of New Wireless Subscribers Disappoints

AT&T Inc. (NYSE: T) reported growth in revenues and earnings for the fourth quarter of 2013 after a loss in the prior year fourth quarter, but the number of new wireless subscribers was below expectations. Shares of T fell in Tuesday’s after-hours trading. For the fourth quarter ended December 31, 2013, net income attributable to […]

Sales of New Single-Family Homes Fall 7 Percent in December

Sales of new single-family houses fell 7 percent from the November sales rate according to estimates released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). In December, new single-family houses were sold at a seasonally adjusted rate of 414,000 units compared to a downwardly revised November rate […]

McDonald’s Reports Flat Fourth Quarter

McDonald’s Corporation (NYSE:MCD) has reported a very small increase in net income for its fourth quarter of 2013 as it faced a competitive fast-food environment and changes in consumer eating habits. Net income for the quarter ended December 31, 2013 was $1.397 billion, or $1.40 per diluted share, compared to $1.396 billion, or $1.38 per […]

Johnson & Johnson Earnings Up, but Outlook Disappoints

Johnson & Johnson (NYSE:JNJ) has reported better than expected fourth quarter results on increased sales of prescription drugs, medical devices and OTC products. However, the company’s outlook for 2014 was below expectations and shares of JNJ have been down in early trading. For the fiscal fourth quarter of 2013, net earnings attributable to Johnson & […]

Morgan Stanley’s Fourth Quarter Earnings Down Sharply on Legal Costs

Morgan Stanley (NYSE:MS) reported a sharp drop in fourth quarter earnings as it recorded $1.2 billion in legal expenses related to mortgage-backed securities. But its results met or beat most expectations and shares of MS have been up in pre-market trading. Consolidated income applicable to Morgan Stanley common shareholders for its fourth quarter ended December […]

Bank of America’s 4th Quarter Net Up, Beats Expectations

Bank of America Corporation (NYSE:BAC) has reported better than expected fourth quarter results as loan and deposit balances increased and credit quality improved. Net income for Bank of America’s fourth quarter ended December 31st was $3.4 billion, or $0.29 per diluted share, compared to $732 million, or $0.03 per diluted share, in the fourth quarter […]

Beam to be Acquired by Suntory for $16 Billion

Beam Inc. (NYSE:BEAM); the maker of well-known spirits such as Jim Beam Bourbon, Maker’s Mark Bourbon, Canadian Club Whisky, Courvoisier Cognac and Teacher’s Scotch Whisky; has entered into a definitive agreement to be acquired by Suntory Holdings Limited for $83.50 per share in cash. The deal is valued at approximately $16 billion including the assumption […]