LDK Solar (NYSE: LDK): The Sun isn’t Shining … as Much
Earned $.27 cents a share compared to $.77 cents a share in the same period a year ago. Analysts expected a loss of $.13 cents a share.
Revenue dropped 48%.
LDK expects to beat Wall St. forecasts in the 4th quarter.
Comment: Along with the remainder of the solar sector, LDK sees momentum in demand for clean technology pushing stronger into the 4th quarter. The real questions are whether China begins adopting cleaner technology at a faster rate, or whether the streak of coal-fired plants continues?
Campbell Soup (NYSE: CPB): Canned the Quarter
Earnings were $.87 cents per share versus $.70 cents per share in the same period a year ago.
Revenue declined 2.1%.
Campbell President and CEO Douglas Conant put his bold confidence on the line and stated, “In my nine years, this is the first time I’ve ever raised guidance in the first quarter.”
Comment: Campbell Soup raised their guidance and is sporting a very attractive dividend yield to the value investor. With a stable quarterly announcement, clearly there is safety in soup these days — especially heading into the heavier winter months.
Hewlett-Packard (NYSE: HPQ): Demand for Services Shines
Earnings: Earned $.99 cents per share this quarter compared to $.84 cents per share in the same period a year ago.
Revenue fell 8%.
Comment: HP added $8 billion to its stock buyback program. Since the EDS acquisition, HP has become a force to reckon with in the tech space. HP is cutting an eye soaring 24,000 jobs as part of the EDS acquisition. A leaner company should yield higher future profits on the bottom line, but will add negativity to the already drowning unemployment rate.
Disclosure: No positions in the stocks mentioned.
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