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Fortune Brands, Inc. (FO) To Sell Cobra Brand
Wednesday, March 10, 2010 - 7:02pm | 74Fortune Brands, Inc. (NYSE: FO), a diversified consumer products company, announced on Wednesday that it was selling the Cobra golf line brand to Puma AG, the German sportswear maker. Fortune is selling the Cobra brand to focus more on existing golf brands, however, it expects that the sell off...
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Fortune Brands (FO) To Sell Cobra Golf Brand To Puma
Wednesday, March 10, 2010 - 10:49am | 116Fortune Brands, Inc. (NYSE: FO) announced on Wednesday that it was selling its Cobra golf brand to Puma AG. Although Fortune Brands said the two companies had already reached an agreement, it did not reveal the terms of the deal, which includes the Cobra golf brand, its intellectual property and...
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Investing In Dividend Stocks Is The Route To Stable Returns (IBM, WMT, MCD, ROST, TUP, PRSC, TIF, THOR)
Tuesday, February 23, 2010 - 7:17am | 210In an article published on CNBC, Dan Veru, Palisade executive vice president and CO-CIO of Capital Management, said that returns from the stock market this year are likely to lag far behind last year’s figures. He believes that it is going to be all about “stock selection and picking the right...
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National Presto Industries Hits New 52-Week High (NPK)
Friday, February 19, 2010 - 2:14pm | 147National Presto Industries Inc. (NYSE: NPK) is powering itself to a new 52-week high in late trading Friday. Shares of the small appliance, defense, and absorbent products maker are up $2.49, or 2.12%, to $120.18. The stock is a small cap stock with a market capitalization of $820.1 million that...
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Strong Momentum At TUP To Carry Into 2010
Tuesday, February 9, 2010 - 10:54am | 135Analysts at Jefferies & Co maintain their "buy" rating on Tupperware (NYSE: TUP), while raising their estimates for the company. The target price for TUP has been raised from $55 to $60. According to Jefferies & Co, Tupperware has reported its Q4 results substantially ahead of the estimates...
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Company News for February 8, 2010 - Corporate Summary
Monday, February 8, 2010 - 8:58am | 301• CVS Caremark (NYSE:CVS) posted fourth quarter adjusted earnings of 79 cents, one cent better than Zacks estimates, on revenues of $25.8 billion, which missed Zacks estimates of $26.35 billion • Hasbro (NYSE:HAS) posted fourth quarter earnings of $1.09, versus Zacks estimates of 81 cents a share...
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Morgan Stanley Raises the Bar on Tupperware Brands (TUP)
Wednesday, February 3, 2010 - 12:19am | 78Morgan Stanley Research thinks it has underestimated Tupperware Brands Corporation (NYSE: TUP) for 2010, and 2011. The research firm now expects the kitchen container maker to earn $3.70 per share in 2010, versus the original guess of $3.55. For 2011, the EPS outlook was raised from $4.15 to $4.30...
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Company News for January 29, 2010 - Corporate Summary
Friday, January 29, 2010 - 9:28am | 172• Honeywell (NYSE:HON) reported a one penny fourth quarter earnings beat of 91 cents on revenues of $8.1 billion, just below Zacks estimates of $8.16 billion. The firm said it expects for 2010 earnings of $2.20 to $2.40 • Dover (NYSE:DOV) reported estimate-topping fourth quarter earnings of 55...
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NYSE Earnings Roundup (FO, CVX, AVY)
Friday, January 29, 2010 - 9:23am | 237Fortune Brands, Inc. (NYSE: FO) reported today a fourth quarter net income of $11.5 million or $0.08 per share, from a net loss of $281.3 million or $1.88 per share for the same quarter last year. Analysts expected FO to report earnings of $0.52 per share. Net sales increased to $1.8 billion as...
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Benzinga’s Earnings Roundup (NWL, ALV, MAT, HON, DOV)
Friday, January 29, 2010 - 7:53am | 389Newell Rubbermaid Inc. (NYSE: NWL) reported today a fourth-quarter profit of $60.6 million, or $0.20 per share, from a loss of $256.7 million in the year ago period. Sales declined 2% to $1.42 billion. Newell Rubbermaid expects 2010 earnings per share to be in the range of $1.35 - $1.45. Analysts...
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NWL Matches 4Q Expectations
Friday, January 29, 2010 - 7:20am | 130Newell Rubbermaid (NYSE: NWL) has reported its Q4 non-GAAP EPS at $0.27, inline with consensus expectations. NWL’s revenues for the quarter came at $1.42 billion versus the Street view of $1.41 billion. NWL has projected its diluted EPS for FY10 at $1.35-$1.45, missing the consensus of $1.47. The...
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Earnings Roundup of Companies Reporting Today (CVX, FO, HON, MAT, NWL, DOV)
Friday, January 29, 2010 - 6:44am | 310The companies reporting before the bell are: Chevron (NYSE: CVX): Analysts forecast the energy company to post earnings of $1.70 a share on revenues of $40.45 billion. This reflects an 11% downturn in revenues from the year-ago period. Read more about this company here. Fortune Brands (NYSE:...
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Earnings Preview: Fortune Brands Inc. (FO)
Thursday, January 28, 2010 - 6:14pm | 58Fortune Brands Inc. (NYSE: FO) will post last quarter’s numbers on Friday. The home furnishing and fixture company is anticipated to earn $0.51 per share, versus the $0.68 per share it earned in the comparable quarter from a year earlier. Fortune Brands Inc. has beat estimates in its last three...
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Earnings Preview: Newell Rubbermaid Inc. (NWL)
Thursday, January 28, 2010 - 6:12pm | 64Newell Rubbermaid Inc. (NYSE: NWL) is slated to announce its Q4-2009 earnings on Friday before the market opens. The consensus expectation is for $0.28 per share for the houseware and container company, well above the $0.11 earned for the same quarter a year ago. Newell Rubbermaid Inc. has topped...
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Stocks That Created New 52-Week Highs (BBNK, CACC, KTCC, LCUT, SANM)
Wednesday, January 27, 2010 - 2:35pm | 307Bridge Capital Holdings (NASDAQ: BBNK) shares created a new 52-week high of $7.48, before falling to $7.46, reflecting a 0.13% increase. BBNK is scheduled to post results tomorrow. Read more about this company here. Credit Acceptance Corporation (NASDAQ: CACC) shares jumped 5.60% to create a new...