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Shelley Drake

BlackBerry Sales And Earnings Down, But Stock Price Up

BlackBerry Limited (NASDAQ: BBRY; TSX: BB) reported a big loss and a 64 percent drop in revenue for its fourth quarter, but its new CEO is bullish and investors seem to agree by pushing up the company’s stock price in pre-market trading. For the quarter ended March 1, 2014 the company incurred a loss of […]

NIKE Sales Up, Shares Down

( – NIKE, Inc. (NYSE: NKE) reported third quarter results with increased gross margins, sales growth in every geography and key category and an increase in future orders. Nevertheless shares of NKE fell in Thursday’s after-hours trading, mainly on the company’s outlook. Net income for the quarter ended February 28, 2014 was $685 million, or […]

Import Prices Increase Most In A Year, Due Largely To Fuel Prices

( – U.S. import prices increased 0.9 percent in February, the largest increase since February 2013. The increase was led by higher fuel import prices which were partially offset by declines in nonfuel prices. Fuel import prices rose by 5.1 percent, while nonfuel import prices fell by 0.2 percent, so the overall increase doesn’t indicate […]

Foot Locker Posts Strong Results Over Holiday Quarter

( – Shares of Foot Locker, Inc. (NYSE: FL), the specialty retailer of athletic apparel, were up sharply in pre-market trading after it reported better than expected fourth quarter results – bucking the trend of tough times experienced by most retailers over the recent holiday season. Net income for the quarter ended February 1, 2014 […]

Revlon Reports Fourth Quarter Loss

( – Revlon, Inc. (NYSE:REV) reported losses for its fourth quarter and full year as it absorbed costs related to an acquisition and provided for its planned exit from China. Revlon completed its acquisition of The Colomer Group (TCG) on October 9, 2013. TCG was a Spanish, privately-held beauty care company focused on the professional […]

Tesla Reveals Details Of Planned Gigafactory And Announces $1.6 Billion Debt Offering

Tesla Motors, Inc. (NASDAQ: TSLA) has published more details regarding its planned battery “Gigafactory” and announced an underwritten $1.6 billion aggregate principle amount bond offering, a portion of which will fund development of the Gigafactory. Proceeds from the new debt will also be used to fund the development and production of a planned Tesla mass […]

Consumer Confidence Falls In February

Consumer confidence declined in February after increasing in January, according to The Conference Board Consumer Confidence Index (CCI). While the Present Situation Index component of the overall index rose, the Expectations Index component fell in February. Interestingly, consumers’ perceptions of conditions existing at the time of this and prior month surveys have of the been […]

Herbalife Reports Fourth Quarter And Year, Raises Outlook For 2014

Herbalife Ltd. (NYSE: HLF) has reported fourth quarter and annual results in line with expectations, and raised its outlook for 2014. Shares of HLF rose in Tuesday’s after-hours trading. Sales in China and South and Central America were the key drivers of revenue growth, although annual sales were up in all of the company’s major […]

U.S. Retail Sales Down In January

U.S. retail sales fell in January, most likely affected by continued unusually cold and stormy weather. However combined with other recently released economic data (which might also reflect the weather conditions), the worse-than-expected results may signal slowing economic growth. And now in February, unusually severe weather is continuing. The Census Bureau of the U.S. Department […]

Nuance Communications Reports Increased Loss, But Results Still Better Than Expected

Nuance Communications, Inc. (NASDAQ: NUAN), a leader in voice recognition technology and reportedly the technology behind Apple’s Siri, has reported a larger first quarter loss than last year, but still beat expectations. The company incurred a net loss for the quarter ended December 31, 2013 of $55.4 million, or negative $0.18 per diluted share, compared […]

Disney Reports Across-The-Board Income Gains, Beating Expectations

The Walt Disney Company (NYSE: DIS) reported better than expected first quarter results with all segments achieving double digit growth in operating income. The across-the-board improvements came from diverse sources including successful movies such as ‘Frozen’ and ‘Thor: The Dark World’, growth at ESPN, the addition of Lucasfilm merchandise, higher spending at the company’s theme […]

Sysco Earnings Down As Sales Increase

Sysco Corporation (NYSE:SYY), the food products seller and distributor to restaurants and institutional customers, reported lower second quarter earnings on increased sales, as the economic environment held back consumer spending on meals eaten out while increases in wholesale food costs increases squeezed margins. The company’s results were below expectations. Net earnings for the quarter ended […]

Boeing Net Up 26 Percent, But Outlook Disappoints

The Boeing Company (NYSE: BA) reported a fourth quarter earnings increase of 26 percent, and forecast strong improvements in earnings, revenues and commercial aircraft deliveries in 2014. But the company’s outlook did not meet expectations and shares of BA were down over 4 percent in pre-market trading. Net earnings for the quarter ended December 31, […]

Apple Reports Record Sales, But Still Disappoints Street

Apple Inc. (NASDAQ:AAPL) reported record sales for its first quarter of fiscal 2014, but both revenues and the number of iPhones sold were below expectations. Revenue guidance for the second quarter also disappointed, and shares of AAPL were down over 6 percent in Monday’s after-hours trading. Net income for the quarter ended December 28, 2013 […]

Existing Home Sales Flat in December, Up 9.1% For Full Year 2013

The National Association of Realtors (NAR) has reported that completed sales of previously occupied homes rose 1.0 percent in December as compared to November, but were down 0.6 percent below last December’s level. For the full year 2013, sales of existing homes reached 5.09 billion, which was 9.1 percent above 2012 sales. This was the […]

IBM Results Disappoint as Hardware Sales Continue to Fall

International Business Machines Corporation (NYSE:IBM) has reported another drop in quarterly revenues for its fourth quarter. The drop in revenues was even more than expected and shares of IBM fell in Tuesday’s after-hours trading. Senior executives have decided to forego their bonuses for the year. Net income for the quarter ended December 31, 2013 was […]

GE Earnings Up, Helped by Oil & Gas and Aviation Businesses

General Electric Company (NYSE:GE) has reported its fourth quarter and full year results. Net earnings for the quarter were up, helped by gains in its oil & gas and aviation businesses and the IPO of its Swiss consumer business. For the fourth quarter ended December 31, 2013, net earnings attributable to GE common shareholders were […]

U.S. Producer Prices Up 0.4% in December

The U.S. Bureau of Labor Statistics has reported its Producer Price Index (PPI) for December, showing the largest increase since June after several months of decline. Most broad categories experienced price increases, led by energy prices. The categories of finished foods, and crude foodstuffs and feedstuffs, bucked this trend with overall price declines. The headline […]

Charter Communications Makes New Offer for Time Warner Cable

Charter Communications, Inc. (NASDAQ:CHTR) announced that it is making another run at much larger Time Warner Cable Inc. (NYSE:TWC), proposing to TWC “that the companies immediately engage in discussions to conclude a merger agreement to combine the companies,” with the threat of a possible tender offer if TWC doesn’t work towards finalizing a deal. Time […]

Family Dollar Reports Disappointing Results and Lowers Outlook

Family Dollar Stores, Inc. (NYSE:FDO) has announced lower than expected financial results for the first quarter of its fiscal year 2014 and lowered its guidance for the rest of the year. In its guidance the company noted that comparable stores sales for December (after the end of the first quarter) were down about 3 percent […]