Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stocks to Watch: DaimlerChrysler, Delta Airlines, Frontier Oil, Gap, H&R Block


Thursday's top stories and stocks with potential to move...


Stocks to watch for Thursday, August 30, 2007:

  • Chico's FAS (CHS) reported second-quarter net earnings of $38.7 million, or 22 cents a share, down 28% from $53.8 million, or 30 cents a share, during the year-ago period. Earnings from continuing operations were $39 million, or 22 cents a share, compared with $54 million, or 31 cents a share, last year.
  • Coldwater Creek (CWTR) reported second-quarter net earnings of $8.7 million, or 9 cents a share, down 27.6% from $12 million, or 13 cents a share, during the year-ago period. The retailer said revenue for the three months ended Aug. 4 rose 17% to $253.5 million from $216.4 million.
  • DaimlerChrysler (DCX) announced a 10% stock buyback and an improved profit outlook. Daimler's U.S. shares rose $3.27, or 3.9%, to $87.61 as of 4 p.m. in New York Stock Exchange composite trading.
  • Delta Air Lines (DAL) said, effective immediately, Chief Operating Officer Jim Whitehurst has resigned.
  • Frontier Oil (FTO) said it has authorized an additional $100 million for the buyback of shares.
  • Gap (GPS) said chief financial officer Byron Pollitt has decided to leave the company to pursue an opportunity in another industry, his last day being Sept. 14. The company also said Sabrina Simmons, currently senior vice president of corporate finance, will assume the position of executive vice president of Gap finance and will serve as acting chief financial officer.
  • Greif (GEF) reported third-quarter net earnings of $48.8 million, or 82 cents per Class A share, up 27% from $38.3 million, or 65 cents per Class A share, during the year-ago period. Excluding restructuring charges and other special items, the company posted earnings per Class A share of 90 cents versus 73 cents last year.
  • H&R Block (HRB) posted a wider net loss in the fiscal first quarter, reporting a net loss of $302.6 million, or 93 cents a share, compared with a net loss of $131.4 million, or 41 cents a share, a year earlier.. It also said it is negotiating possible changes on its agreement to sell its subprime-mortgage unit because "certain closing conditions" aren't being met.
  • Novell (NOVL) said its net loss in the third quarter narrowed compared to the same period a year earlier amid an increase in sales.
  • TiVo (TIVO) reported a second-quarter net loss of $17.7 million, or 18 cents a share, compared with a net loss of $6.45 million, or 7 cents a share, during the year-ago period. The adjusted loss before interest, taxes, depreciation and amortization was $11.2 million, including an inventory-related charge.

Market Update

  • Asian trading closed in the green with the Hang Seng +2.02%, Nikkei +0.88%, Sensex +0.86%, Taiwan +1.48% and Shanghai +1.14%.
  • A quick check across the pond finds Europe mixed with the CAC +0.45%, DAX -0.15%, FTSE +0.29%, ATX +0.31%, Swiss Mkt. -0.17% and Stockholm +0.01%.
  • Crude oil is trading higher +0.10 to 73.61 and gold is down -1.4 to 674.0 this morning.
< Previous
  • 1
Next >

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos