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Costco Says More Inflation Pressure to Come in 4Q, Expects to Pay Off $900M Loan Payment in March 2012
Wednesday, May 25, 2011 - 12:08pm | 35Costco (NASDAQ: COST) says, "more inflation pressure to come in 4Q... some product price increases haven't hit yet... expects to pay off $900M loan payment in March 2012."
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Costco Falling On Unusual Volume
Wednesday, May 25, 2011 - 11:56am | 74Shares of Costco (NASDAQ: COST) are falling on heavy volume during Wednesday's trading session. The stock has lost 1.32% to $80.28. More than 3.7 million COST shares have already traded hands compared to a 3-month daily average of around 2.5 million. Costco Wholesale Corporation (Costco) operates...
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Walmart Recalls GE Food Processors Due to Laceration and Fire Hazard
Wednesday, May 25, 2011 - 11:44am | 85The U.S. Consumer Product Safety Commission, in cooperation with Walmart (NYSE: WMT) today announced a voluntary recall of General Electric (NYSE: GE) Food Processors. This recall involves GE-branded digital, 14-cup food processors. The safety interlock system on the recalled food processor can...
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Wall Street Strategies Reiterates Neutral on Costco Wholesale Corporation
Wednesday, May 25, 2011 - 8:55am | 214Wall Street Strategies reiterated its Neutral rating on Costco Wholesale Corporation (NASDAQ: COST). In a research report published today, Wall Street Strategies listed a number of positive developments for the company. In the report, Wall Street Strategies states, "Costco did have another fine...
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Earnings Roundup For May 25
Wednesday, May 25, 2011 - 7:54am | 863Costco Wholesale Corp (NASDAQ: COST) reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday. Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. Its revenue surged 16% to $20.19 billion...
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Goldman Sachs Reaffirms Valuation On BJ's Wholesale Club
Wednesday, May 25, 2011 - 7:22am | 86According to Goldman Sachs, BJ's Wholesale Club (NYSE: BJ) shares have been range-bound year to date as speculation surrounding the company's announcement that it is seeking strategic alternatives has offset improving fundamentals, in our view. Goldman Sachs said that recent reports of an...
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Benzinga's Top Pre-Market NASDAQ Losers
Wednesday, May 25, 2011 - 7:17am | 128Akorn Inc (NASDAQ: AKRX) dipped 4.41% to $6.72 in the pre-market session. AKRX intends to offer $100 million principal amount of Convertible Senior Notes due 2016 . Costco Wholesale Corporation (NASDAQ: COST) dropped 2.89% to $79 in the pre-market trading. Costco reported a 5.9% rise in its fiscal...
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Walmart Highlights from Citi's 2011 Global Consumer Conference
Wednesday, May 25, 2011 - 6:44am | 135Citi is providing a few highlights on Walmart (NYSE: WMT) from its global consumer conference. “We believe that May sales trends at Walmart U.S. have been negatively impacted by unfavorable weather and disruptions from tornados,” Citi writes. “Our flat 2Q11 comp estimate for Walmart U.S. compares...
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A Peek Into The Market Before The Trading Starts
Wednesday, May 25, 2011 - 6:27am | 382Pre-open movers US stock futures are lower this morning, as investors are awaiting durable-goods data. Futures on the Dow Jones Industrial Average dropped 23 points to 12,304.00 and futures on the S&P 500 stock index fell 2.80 points to 1,310.80. Nasdaq 100 futures declined 3 points to 2,298.75...
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US Stock Futures Slightly Down Ahead Of Durable-Goods Data, Applied Materials Shares Down In Pre-Market Trading
Wednesday, May 25, 2011 - 5:27am | 583US stock futures are slightly lower this morning, as investors are awaiting durable-goods data. Shares of Applied Materials Inc (NASDAQ: AMAT) dropped in pre-market trading after the company issued a disappointing forecast. Futures on the Dow Jones Industrial Average dropped 14 points to 12,313.00...
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UPDATE: Costco Reports 5.9% Surge In FQ3 Profit
Wednesday, May 25, 2011 - 4:43am | 111Costco Wholesale Corp (NASDAQ: COST) reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday. Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. Its revenue surged 16% to $20.19...
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Earnings Scheduled For May 25
Wednesday, May 25, 2011 - 12:29am | 424Polo Ralph Lauren Corp (NYSE: RL) is expected to post its Q4 earnings at $0.79 per share on revenue of $1.39 billion. Hormel Foods Corp (NYSE: HRL) is estimated to report its Q2 earnings at $0.40 per share on revenue of $1.82 billion. Netapp Inc (NASDAQ: NTAP) is estimated to post its Q4 EPS at...
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Stocks To Watch For May 25
Tuesday, May 24, 2011 - 11:36pm | 295Some of the stocks that may grab investor focus today are: Wall Street expects Costco Wholesale Corporation (NASDAQ: COST) to report its Q3 EPS at $0.77 on revenue of $20.07 billion. Costco shares fell 0.21% to $81.18 in after-hours trading. Applied Materials Inc (NASDAQ: AMAT) reported upbeat...
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S&P Bullish On Select Staples ETFs
Tuesday, May 24, 2011 - 12:17pm | 422In a market environment such as the current one, themes such as “holding up relatively well” and “less bad” are themes worth embracing and those are tags that can be applied to the ultra-defensive consumer staples sector. Home to what many investors view as boring stocks, but also home to some...
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Earnings Preview for Costco
Tuesday, May 24, 2011 - 8:27am | 277Costco Wholesale (NASDAQ: COST) is scheduled to report fiscal third-quarter 2011 results before the opening bell on Wednesday, May 25. Analysts expect the wholesale club operator to announce that earnings came to $0.77 per share. The consensus estimate was $0.75 per share 60 days ago, and per-share...