By FNN Staff
root@fnn-online.com

Videos

  •      11:13 AM Best Buy Profit Falls But EPS Beats Estimates

    Best Buy (NYSE:BBY) reported first quarter earnings before the bell today, posting an EPS of $0.46, that is down from the same period last year of $0.53 a share. Excluding restructuring charges, earnings were $0.72 per share, above analyst estimates of $0.59.

    Revenues for the quarter...

  • 11:05 AM Williams-Sonoma Beats Estimates As Revenues Rise 6.1%

    Williams-Sonoma (NYSE:WSM) reported Q1 EPS of $0.34, beating estimates of $0.32.

    Revenues in quarter rose 6.1% year-over-year to $818 million, also beating estimates of $811 million.

    Laura Alber, President and Chief Executive Officer commented, “Our first quarter fiscal 2012...

  • 11:02 AM Express Stock Plummeting on Disappointing Estimates

    Express (NYSE:EXPR) reported Q1 EPS of $0.47, missing estimates of $0.49.

    Revenues in the quarter rose 6% year-over-year to $496 million, missing estimates by $503 million.

    Michael Weiss, Express, Inc.'s Chairman, President, and Chief Executive Officer commented: "We had a solid...

  • 10:44 AM AutoZone Beats Earnings Estimates

    AutoZone (NYSE:AZO) reported fiscal Q3 EPS of $6.28, beating estimates of $6.26.

    Revenues in the quarter rose 6.8% year-over-year to $2.1 billion, inline with estimates.

    Bill Rhodes, Chairman, President and Chief Executive Officer commented on the earnings, "We are pleased to...

  • 10:42 AM What's In The News: May 22, 2012

    This is what's in the news for Tuesday May 22, 2012. The Wall Street Journal reports JPMorgan Chase's (NYSE:JPM) recent trading mistakes are becoming a boon for some of its major competitors, including Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC), who have scored profits that could...

  • 04:41 PM American Eagle Kids come up short

    American Eagle has announced that they will be holding an analyst meeting on Wednesday to discuss the future of their 77Kids division. With a $40 million dolllar loss posting from last year, the kids' division is coming up short. Now, it has not been decided as to whether or not they will be...

  • 04:23 PM Avon Scandal to affect Downgrade Alert for Avon Products (AVP)

    Avon Products (NYSE:AVP) was downgraded from Neutral to Sell at UBS today. The stock closed yesterday at $16.95 on volume of 9.4 million shares, below average daily volume of 10.9 million.

    According to Money Watch analysts, Avon is currently struggling with past business scandals where...

  • 11:20 AM Chinese Company Wanda Group Acquires AMC Theater Chain

    AMC Entertainment Holdings, the owner and operator of the AMC Theater chain, is being acquired by Chinese company Dalian Wanda Group.

    The deal is worth $2.6 billion and will ultimately create the world's largest cinema maker. The agreement includes a $500 million investment by Wanda to...

  • 10:42 AM Barclays to Sell Entire BlackRock Stake

    Barclays (NYSE:BCS) announced today it will be selling its entire stake in BlackRock (NYSE:BLK), a 19.6% stake in the company worth $6.1 billion.

    The shares of BlackRock will be sold by way of an offering and a related buyback by BlackRock of up to $1 billion of the stock. Barclays held...

  • 10:28 AM Campbells Soup Company's Profits Fall But Beats Street

    Campbell Soup Company reported its third quarter earnings this morning, posting an EPS of $0.55, beating estimates of $0.52 a share. However, this was down from the same period last year of $0.57, a decrease of about 5.4%.

    Revenue for the quarter came in at $1.82 billion, just above...