Earning News – 21st Jan 09
Williams-Sonoma Provides Inline GuidanceWilliams-Sonoma, Inc. (WSM) said it expects fourth quarter earnings to be at the low-end of its previous guidance range of $0.10 to $0.30 per share, even after factoring in a new one-time charge of approximately $0.08 to $0.09 per share. The current consensus earnings estimate is $0.16 per share for the quarter [...]
What Happens Next After 900 Point Rally
Bulls: Treasuries will do everything they can to jump-start bank lending. The government is now providing capital to and insuring the debt of these banks, so their solvency is no longer in question. This means we have bottomed and up we go. Bears: We have a long way to go from the bottom, this was [...]
The Lehman Story: Are They Off The Hook ?
Lehman Brothers tried to bolster investor confidence by releasing quarterly results and announcing measures to keep the firm afloat. A day after trouble for investment bank Lehman Brothers (LEH) started a broad stock sell-off, major stock indexes opened higher Wednesday when Lehman made a series of surprise announcements designed to bolster investor confidence. On Tuesday, [...]