Markets at a Glance New York: Aug 20 04:59 London: Aug 20 09:59 Tokyo: Aug 20 18:59
 08/19/2008 05:00:00 *(GE) AUG ZEW ECONOMIC SENTIMENT: -55.5 V -62.0E; CURRENT SITUATION: -9.2 V 10.0E - No revisions08/19/2008 06:00:00 Home Depot Inc [HD]Reports Q2 $0.71 v $0.61e, R $21.0B v $20.58Be, SSS -7.9%, (ex calendar shift) -7.2% - Guides FY08 EPS -24% y/y (impiles $1.73 v $1.71e), Rev -5% y/y (impiles $73.5B v $72.3Be)- Note that co. previously guided FY08 EPS -19%-24% - The Company's 2008 earnings per share guidance does not include its store rationalization charge from the closing of 15 stores and removal of 50 stores from its future growth pipeline. - CEO: We continue to see pressure on our market and the consumer 08/19/2008 07:00:00 Staples Inc [SPLS]Reports preliminary Q2 SSS -7.0% y/y, details Corporate Express integration plans - Challenging market conditions continued during Q2, resulting in weaker than anticipated results in Staples' pre-acquisition business. - Sales increased approx 3% and eps, on a diluted basis, decreased approx 15% compared to Q2 of 2007. - Guidance implies Q2 EPS of $0.21 v 0.25e and Rev $4.43B v $4.49Be - North American Retail sales decreased approximately 1% in the second quarter, and comparable store sales decreased approximately 7% versus 2007, reflecting continued weakness in customer traffic and average order size. - Staples expects low single-digit sales growth and flat eps, on a diluted basis, for 2008 08/19/2008 07:10:00 (RU) Russian General says Russian forces will withdraw from Gori (occupied Georgian city) as of 1100 gmt - Note that earlier EU's Solana stated that Russian troops have begun withdrawing from Georgia.08/19/2008 07:15:00 Medtronic Inc [MDT]Reports Q1 $0.72 v $0.69e (ex items), R $3.71B v $3.67Be - Cardiac Rhythm Disease Management Rev $1.30B v $1.24B y/y- Spinal Rev $859M v $644M y/y - Cardio Vascular Rev $631M $489M y/y - Neuromodulation Rev $348M v $289M y/y - Diabetes Rev $269M v $241M y/y - Surgical Technologies Rev $202M v $172M y/y - Physio-Control Rev $94M v $60M y/y 08/19/2008 08:25:00 Target Corp [TGT]Reports Q2 $0.82 v $0.76e, R $15.47B v $15.46Be, SSS -0.4% - Q2 Gross Margin 31.2% v 31.6% y/y08/19/2008 08:30:00 *JULY HOUSING STARTS: 965K V 960KE; BUILDING PERMITS: 937K V 970KE - Prior housing starts revised from 1.066M to 1.084M- Prior Building Permits no new revision from 1.138M 08/19/2008 09:04:00 Mechel OAO [MTL]Russia reportly fines co. RUB790M, orders 15% price cut on coking coal effective Sept - Russian anti-trust body stated last week that company broke anti-trust laws and may May be fined 1-4% of the coal sales.- reminder: on 8/13, a newspaper report speculated that MTL may be forced to implement a 30% domestic price cut on coal. 08/19/2008 16:00:00 Analog Devices Inc [ADI]Reports Q3 $0.44 v $0.45e, R $659M v $660.5Me - Guides Q4 $0.44-0.46 v $0.46e, Rev to grow in range of 0-3% - Q3 gross margin % 08/19/2008 16:07:00 Hewlett-Packard Co [HPQ]Reports Q3 $0.86 v $0.83e, R $28.0B v $27.4Be - Guides Q4 $1.01-1.03 v $1.00e, R $30.2-30.3B v $30.2Be- Q3 operating margin 9% v 9% q/q; Non GAAP 10% v 10% q/q sequential 08/19/2008 16:31:00 Lehman Brothers Holdings Inc [LEH]Reportedly Goldman cuts earnings estimates for brokerage firms (timing uncertain) - Goldman cuts JPM Q3 EPS estimate to $0.40 from $0.64 (consensus estimate is $0.51e)- Goldman cuts LEH 2008 EPS estimate to -$9.65 from -$2.10 (consensus estimate is -$3.17e) - Goldman cuts MS Q3 EPS estimate to $0.85 from $1.10 (consensus estimate is $0.88e) 08/20/2008 04:30:00 *(UK) BOE MINUTES: BOE VOTED 7-1-1 TO HOLD RATES AT 5.00% AT AUGUST 7TH MEETING - Besley voted for increase- Blanchflower voted for rate cut - MPC considered all of the three options during the meeting - BoE says growth outlook has deteriorated in past month, with inflaiton easing somewhat - Says rate increase would have risked hurting confidence - Rate cut risked keeping inflation elevated - Most members see the inflation risks remaining to the upside |
|
Stock News
|
Forex News
|
Market Update(s)
|
* Website headlines are delayed. For real-time breaking news and analysis try a Free Trial to
NewsStation by Trade The News today. »
|
About Us
|
Audio Channels
|
NewsStation Platform
|
| Contact Careers Reporting Policy Disclaimer & Subscription Policy |