Earnings and Losses

Topic: Earnings Restatements

In Brief...

Johnson & Johnson Beats, Raises Guidance

Johnson & Johnson's (JNJ) third-quarter 2010 earnings (excluding special items) of $1.23 per share surpassed the Zacks Consensus Estimate by $0.08 and the year-ago earnings by $0.03. The Medical Devices & Diagnostics segment should continue to be a ...

SeekingAlpha |

Was SunPower's Accounting Fudge Foreseeable?

SPWRA) is one of the first solar companies out of the gate each earnings season. SunPower is set to report financial results, as well as the results of its investigation, after Thursday's market close. No clear warning So were ...

SeekingAlpha |

A Stock to Own, Not Rent

AARON'S RENTS FURNITURE, appliances and electronics by the month, with an option to own -- giving its cash-strapped, credit-constrained and often transient clientele an opportunity to live more comfortably. Atlanta-based Aaron's has a market capitalization of $1.49 billion ...

Barron's |

CFO Turnover in the Er…

How has the Sarbanes-Oxley Act (SOX) affected chief financial officers at companies that are aggressive in their financial reporting? To answer that question, the authors evaluated 167 firms that restated earnings downward in the pre-SOX era and compared involuntary CFO ...

Strategy + Business |

Masco Can't Shake the Bears

Masco (MAS) reported strong earnings Monday and raised its guidance, but the bears haven't gone away.. optionMONSTER's Depth Charge tracking system detected the purchase of 5,000 December 10 puts for about $0.25 against no existing open ...

SeekingAlpha |

Surprising Corporate Earnings Lift Stocks

One element in the stock market's strong showing this year is simply a reaction to last year's horrendous downdraft. The chart tracks the S&P 1500, which is a broader index than the S&P 500. In this ...

SeekingAlpha |

UPDATE 1-Navistar, SEC tentatively settle probe

Navistar International Corp said on Monday it has reached a tentative settlement over a U.S. regulatory probe into the truck and engine maker's restatement of financial results from 2002 to 2005. Under the settlement, Navistar will not pay ...

Forbes |

Huron Recovering from Earnings Restatement, Accounting Scandal

Huron Consulting (HURN) has rallied 69 percent in the last month, prompting one trader to take profits while staying long the stock.. In one large trade, 9,500 December 17.50 calls were apparently sold for $6.80, according to ...

SeekingAlpha |

Stocks in the Spotlight Friday

Shares of the aerospace and defense manufacturer rose 19% Friday after the company reported better-than-expected earnings for its fiscal third quarter and raised its guidance. Howard A. Rubel, an analyst with Jefferies & Co., raised his price target to $37 from ...

Barron's |

Crossing the Line

Are overconfident executives more inclined to commit fraud? Wharton research that combines results from the psychology literature and Securities and Exchange Commission fraud-enforcement records examines how top executives might be inclined to engage in fraudulent behavior because they are overconfident ...

Human Resource Executive |

Dell to Restate Earnings

Dell has announced it will restate its earnings for fiscal 2003 through 2006, admitting accounting mistakes could cost the company as much as $150 million, reports an Associated Press story on newsvine. According to Bloomberg, the company's stock rose ...

IT Business Edge |

The Idearc Fiasco: Stock Worth a Second Look?

IAR) fell to $3.57 on Friday (it is right now slightly above $5 as Barron's published a story on levered equities on the weekend). RHD lowered its guidance on Thursday - surprisingly, the $100 million reduction in revenue guidance ...

SeekingAlpha |

VeriFone Off by Half on Accounting Issues

VeriFone (PAY) shares have been cut in half Monday morning following the company's announcement that it will have to restate earnings due to the discovery of some accounting irregularities.. VeriFone, which makes electronic payments systems, said it has concluded ...

SeekingAlpha |

Equator Exploration H1 loss widens sharply; says is a going concern

Equator Exploration Ltd reported a significantly wider loss in what it termed an 'extremely challenging' first half, and said it plans to optimise the value of its exploration assets through a process of farm outs and sales.. The company added ...

Forbes |

Dell Postpones 10-Q Filing

Dell informed the Securities and Exchange Commission Thursday its second-quarter 10-Q filing will be delayed until after the first week of November, due to the recent concluding of an investigation, resulting in a restatement of financial results for fiscal 2003 ...

SeekingAlpha |

Haulotte H1 sales jump 31 pct, FY guidance raised again

Aerial work platform maker Haulotte Group unveiled a 31 pct jump in first-half sales to 310 mln eur and raised its guidance for full-year sales growth to 'around 25 pct' from 20-25 pct previously.. Haulotte had already hiked its sales ...

Forbes |