fourth quarter

Best Buy Singled Out for a Ratio Call Spread Ahead of Earnings

Posted on March 23rd, 2011 in BBY, Best Buy, calls, earnings, featured, fourth quarter, India Shares, inthenews, options, ratio call spread, spread, technical analysis

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Best Buy (BBY) logoBest Buy (BBY) is scheduled to unveil its fourth-quarter results Thursday morning, with analysts anticipating a profit of $1.85 per share — little changed from the big box retailer’s year-ago earnings of $1.82 per share. Best Buy has been hot-and-cold on the earnings front; during the past four quarters, the company has topped consensus bottom-line estimates twice, and fallen short on two other occasions.

Ahead of the quarterly report, one options player built a bullishly biased spread on BBY. Right after the opening bell Wednesday morning, the trader purchased 358 April 32 calls, and simultaneously sold 716 April 35 calls. In other words, two April 35 calls were sold for every one purchased April 32 call. This strategy is known as a ratio call spread, and it’s typically used by traders who are bullish on the underlying equity — but with a very specific upside target in mind.

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Best Buy Singled Out for a Ratio Call Spread Ahead of Earnings originally appeared on BloggingStocks on Wed, 23 Mar 2011 19:20:00 EST. Please see our terms for use of feeds.

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Juniper Networks Jumps Higher After Q4 Earnings Beat

Posted on January 26th, 2011 in credit spread, earnings, featured, first quarter, forecast, fourth quarter, guidance, India Shares, inthenews, JNPR, Juniper Networks, options, price target, profit, puts, revenue, technical analysis

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Juniper Networks (JNPR) is on the upswing, with the stock catching a 6% boost Wednesday morning on the heels of a well-received fourth-quarter earnings report. Juniper reported a quarterly profit of $190.2 million, or 35 cents per share, substantially improved from its year-ago results of $22.9 million, or 4 cents per share. Excluding items, earnings improved to 42 cents from 32 cents per share on a year-over-year basis.

Meanwhile, revenue for the quarter increased 26% to $1.19 billion. Gross margin retreated slightly, falling to 66.6% from 67.1%.

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Juniper Networks Jumps Higher After Q4 Earnings Beat originally appeared on BloggingStocks on Wed, 26 Jan 2011 12:00:00 EST. Please see our terms for use of feeds.

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State Street Takes a Hit After Q4 Report

Posted on January 19th, 2011 in calls, earnings, fourth quarter, India Shares, inthenews, options, profit, revenue, State Street, State Street Q4, STT, technical analysis

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Financial services firm State Street Corp. (STT) reported this morning that its fourth-quarter profit fell 84% to $81 million, or 16 cents per share, from its year-ago earnings of $498 million, or $1 per share. However, ex-items earnings arrived at 87 cents per share, up from 71 cents on a year-over-year basis. Revenue for the period slipped 10% to $2.04 billion, but rose 9.6% to $2.28 billion on an operating basis.

The adjusted results surpassed analysts’ expectations, which called for a profit of 86 cents per share on revenue of $2.14 billion. However, traders seem less than pleased by STT’s quarterly results. The stock gapped lower with the sound of Wednesday’s opening bell, falling to a loss of about 4% in early trading.

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State Street Takes a Hit After Q4 Report originally appeared on BloggingStocks on Wed, 19 Jan 2011 14:30:00 EST. Please see our terms for use of feeds.

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Green Mountain Coffee Crushed by Lackluster Forecast

Posted on December 10th, 2010 in bearish gap, earnings, featured, first quarter, fiscal 2011, forecast, fourth quarter, GMCR, Green Mountain Coffee Roasters, Green Mountain earnings, Green Mountain forecast, Green Mountain sell-off, guidance, India Shares, inthenews, profit, revenue, technical analysis

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Green Mountain (GMCR) logoGreen Mountain Coffee Roasters (GMCR) has taken a drastic dive, with the stock staging a bearish gap with the sound of Friday’s opening bell. Thursday night, the company unveiled its fiscal fourth-quarter results, and also confessed to a disappointing outlook for the first quarter.

Specifically, Green Mountain said it banked a fourth-quarter profit of $27 million, or 20 cents per share, up from its year-ago earnings of $14.1 million, or 12 cents per share. Sales for the quarter climbed 73% to $373.1 million. The results fell roughly in line with Wall Street’s expectations, which called for a profit of 20 cents per share on revenue of $359.2 million.

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Green Mountain Coffee Crushed by Lackluster Forecast originally appeared on BloggingStocks on Fri, 10 Dec 2010 11:30:00 EST. Please see our terms for use of feeds.

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