VANCOUVER, British Columbia, Aug.16, 2012 /PRNewswire-Asia/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Staples (NASDAQ:SPLS), Deere & Company (NYSE:DE), JDS Uniphase (NASDAQ:JDSU), Starbucks (NASDAQ:SBUX), Arena Pharmaceuticals (NASDAQ:ARNA), and Abercrombie & Fitch (NYSE:ANF).
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Report Highlights:
Staples, Inc. (NASDAQ:SPLS): Shares of Staples, Inc. (NASDAQ:SPLS) dumped 14.60% to US$11.49 in the last trading session after the company released weaker than expected financial results for the second quarter of 2012. Staples reported sales of US$5.50 billion for the second quarter of 2012, a decrease of 5.5% from US$5.82 billion in the same quarter of 2011. For the latest quarter, net income attributed to Staples, Inc. was US$120.43 million, from US$176.44 million in the prior year quarter. Despite the weaker than expected results for second quarter 2012, Ron Sargent, Chairman of the Board, Chief Executive Officer, said Staples was "taking a hard look" at each of its businesses and planning to make significant changes. Abnormal trading volume of Staples was found reaching 93.87 million shares, 9.7 times heavier than usual day trading. Do you think Staples will rebound soon? Do you think now is a good time to sell the stock? Investors could check SPLS earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/081612A/SPLS/Staples.pdf
Deere & Company (NYSE:DE): For the third quarter ended July 31, Deere & Company (NYSE:DE) reported that net sales and revenues were increased by 15% to US$9.59 billion from net sales and revenues of US$8.37 billion in the same quarter of 2011. Net income attributable to Deere & Company was US$788.0 million (or US$1.98 per share) for the latest quarter, compared with US$712.3 million (or US$1.69 per share) in the prior year quarter. Samuel R. Allen, Chairman and Chief Executive Officer, cited an international slowdown in business and short-term manufacturing inefficiencies as main reasons that the company fell short of its third-quarter earnings forecast. By the end of Wednesday's trading, shares of Deere & Company plunged 6.28% to US$75.10 with heavy volume traded, which was 4.9 times more than usual. The company has a market capitalization of US$29.87 billion with price range within US$59.92 - US$89.70 over the past 52 weeks. Observing comprehensive analysis of Deere & Company stock could help investors avoid big lost in investment. Check DE earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/081612A/DE/DeereCompany.pdf
JDS Uniphase Corporation (NASDAQ:JDSU): JDS Uniphase Corporation (NASDAQ:JDSU) announced that it has signed a definitive agreement to acquire GenComm, a provider of wireless test and measurement solutions based in Seoul, South Korea. On a GAAP basis, JDS Uniphase showed a net loss of US$24.3 million (or US$0.10 per diluted share) for the fourth fiscal quarter of 2012 compared with a net income of US$9.3 million (or US$0.04 per diluted share) for previous year fiscal quarter. Net revenue for the fourth fiscal quarter of 2012 was US$439.3 million compared with net revenue of US$471.8 million in the same fiscal quarter of 2011. JDS Uniphase shares advanced 8.24% to US$11.56 on high volume of 19.36 million shares, compared to its average volume of 5.75 million shares. Do you think now is a good time to buy or sell JDS Uniphase? See JDSU earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/081612A/JDSU/JDSUniphase.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. Check out the consensus earnings forecast reports below:
Starbucks Corporation (NASDAQ:SBUX):
Read Full Report: http://www.earningforecast.com/PR/081612A/SBUX/Starbucks.pdf
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA):
Read Full Report: http://www.earningforecast.com/PR/081612A/ARNA/Arena.pdf
Abercrombie & Fitch Co. (NYSE:ANF):
Read Full Report: http://www.earningforecast.com/PR/081612A/ANF/AbercrombieFitch.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
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