http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/ Our beat: The stock market. Our job: Beat it. Tue, 03 Jun 2008 15:36:49 -0600 http://wordpress.org/?v=2.8.1 hourly 1 http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/comment-page-1/#comment-27008 LSI: LSI’s Poor Logic Blamed on Agere - And Challenging Demand Environment - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Thu, 26 Apr 2007 20:07:03 +0000 http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/#comment-27008 [...] The consensus estimate called for LSI to report $0.09 per share on $443 million in sales. Guidance for the next quarter, however, was disappointing. The $0.00 - $0.03 per share (excluding the $0.43-$0.49 that the company says are one-time items related to the acquisition of Agere) is well below the $0.10 consensus. The company only expects sales of $715-$745 million, compared to the $836 million consensus target. When we previewed the earnings report we said “LSI Logic (LSI) - May blame their poor guidance on Agere.” Were we right? On the conference call, management said: Clearly we are in a challenging demand environment, as evidenced by recent announcements by our customers and peers. We have a significant amount of revenue directly or indirectly tied to IT spending, with half of this tied to US consumption. IT spending was soft in the March quarter and is expected to remain soft through the June quarter. [...] [...] The consensus estimate called for LSI to report $0.09 per share on $443 million in sales. Guidance for the next quarter, however, was disappointing. The $0.00 – $0.03 per share (excluding the $0.43-$0.49 that the company says are one-time items related to the acquisition of Agere) is well below the $0.10 consensus. The company only expects sales of $715-$745 million, compared to the $836 million consensus target. When we previewed the earnings report we said “LSI Logic (LSI) – May blame their poor guidance on Agere.” Were we right? On the conference call, management said: Clearly we are in a challenging demand environment, as evidenced by recent announcements by our customers and peers. We have a significant amount of revenue directly or indirectly tied to IT spending, with half of this tied to US consumption. IT spending was soft in the March quarter and is expected to remain soft through the June quarter. [...]

]]> http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/comment-page-1/#comment-26736 ABFS: Arkansas Best Beats - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Wed, 25 Apr 2007 13:39:56 +0000 http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/#comment-26736 [...] In our weekly earnings preview, we said “We’re staying away from truckers who own trucks.” Let’s see how that strategy is working out now that Arkansas Best Corporation (ABFS) Announces 1st Quarter 2007 Results: Arkansas Best Corporation (Nasdaq: ABFS - News) today announced first quarter 2007 revenue of $422.6 million compared to $425.0 million in the first quarter of 2006. Arkansas Best’s first quarter 2007 income from continuing operations was $4.8 million, or $0.19 a share, compared to $5.8 million, or $0.23 a share, in the first quarter of 2006. [...] [...] In our weekly earnings preview, we said “We’re staying away from truckers who own trucks.” Let’s see how that strategy is working out now that Arkansas Best Corporation (ABFS) Announces 1st Quarter 2007 Results: Arkansas Best Corporation (Nasdaq: ABFS – News) today announced first quarter 2007 revenue of $422.6 million compared to $425.0 million in the first quarter of 2006. Arkansas Best’s first quarter 2007 income from continuing operations was $4.8 million, or $0.19 a share, compared to $5.8 million, or $0.23 a share, in the first quarter of 2006. [...]

]]> http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/comment-page-1/#comment-26565 LXK: Lexmark Trips Up - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Tue, 24 Apr 2007 16:49:50 +0000 http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/#comment-26565 [...] When we previewed earnings this week we said “Lexmark (LXK) - Estimates are doable but we’re always waiting for this company to trip up.” Right on cue, the company tripped up. [...] [...] When we previewed earnings this week we said “Lexmark (LXK) – Estimates are doable but we’re always waiting for this company to trip up.” Right on cue, the company tripped up. [...]

]]> http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/comment-page-1/#comment-26435 TXN: Market Excited About Texas Instruments Results, We’re Still Skeptical - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Mon, 23 Apr 2007 23:16:36 +0000 http://stockmarketbeat.com/blog1/2007/04/22/the-week-ahead-22-april-2007/#comment-26435 [...] The Week Ahead (22 April 2007) [...] [...] The Week Ahead (22 April 2007) [...]

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