First Adopter

-Revenue $1.126B vs. $1.08B est. EPS -6c vs. -6c est. Guidance for FY2009 $5-5.3B vs. $5.04B est. EPS $1.20 vs. $1.42 est. (15% miss)
-6% layoff of workforce
-$6.47 net cash per share
-Seeing slowdown in retail during October, so they are cautious on the short-term
-Madden 09 sold 4.5M (flat y/y), NCAA 1.5M (up 5%), [...]

-Revenue $1.7B, 58c EPS vs. $1.68B, 56c est.
-2009 Guidance: revenue on low end of 11-15% range, operating margin mid to high 40s, EPS 20% or more, Capex $300-350M
-Q4 payment volume growth 15% (19% last quarter), total cards 12% (14%), payment transactions 14% (15%), processed transactions 11% (13%), service fees 8% (13%), data processing fees 18% [...]

-Revenue of $15.06B vs. $14.78B est., up 9%. EPS 48c vs. 47c est. December quarter guidance of $17.3-17.8B in revenue, EPS of 51-53c vs. $17.96B and 55c est. FY2009 guidance of $64.9-66.4B, EPS $2.00-2.10 vs. $66.51B and $2.11 est.
-Purchased $6B of stock and paid out $1B in dividends during the quarter
-10-12% unit growth [...]

-Revenue $340.5M, up 18.9%. Comp-sales up 3.1%
-Operating margin 21.4%, down 160bps
-EPS 59c, down 4.8%
-Opened 20 restaurants in the quarter
-Approved $100M stock buyback, 7.5% of outstanding shares
-Grappling with challenges of rising food, energy, and transportation costs
-searching for a new ad agency
-macro operating environment will remain difficult in the coming year
-annual pricing agreements for rice, corn, [...]

-Revenue $4.26B vs. $4.27B est. EPS 27c vs. 25c est. December quarter revenue guidance of $6-7B vs. $7.05B est. Operating income guidance of $145-305M (-46% to 13% growth). 2008 revenue guidance of $18.46-19.46B vs. $19.52B est. Operating income guidance of $716-876M (9-34% growth)
-Revenue growth of 31% y/y or 28% F/X adjusted, [...]

Eduardo Castro-Wright, president of U.S. operations, had some interesting comments today:
A “disturbing” trend, Castro-Wright said Wal-Mart for the first time is seeing a paycheck-related spike in sales of baby formula, suggesting consumers are rushing to buy such necessities as soon as they have the cash.
He said credit used as a form of payment at Wal-Mart [...]

-Revenue $7.9B vs $8.05B est. EPS $1.26 vs. $1.11 est. Q4 guidance is revenue $9-10B vs. $10.57B est. EPS $1.06-$1.35 vs. $1.65 est. (27% miss at mid-point)
-Adjusted non-GAAP sales is $11.68B (with iphones not deferred) and $2.44B of adjusted net income
-Operating margin 18.3%, gross margin 34.7%
-International was 41% of revenue
-2.611M Mac sold, [...]

Julian Robertson is one smart cookie. You don’t become a billionaire hedge-fund legend for being lucky. In this recent CNBC interview, he gave out some of his current ideas.
He gave out 3 types of trades and I will analyze the macro implications of each bucket.
Long MA, AAPL, MSFT, BIDU, V, GS, and RYAAY
-He [...]

Lots of news today on Warren Buffett buying American stocks for his personal portfolio from CNBC and this editorial he wrote for the New York Times. He has done this before in 1974, 1999, etc., where he tells people publicly in his witty way now is the time to buy or sell.
Buffett is almost [...]

-Revenue $4.04B ex-TAC vs. $4.06B est. EPS $4.92 vs. $4.76 est., a 3.4% beat
-Revenue up 31% y/y and 3% q/q. International 51% of revenue
-Had good quarter as marketing budgets squeezed, companies want measurable results
-Consumer budget squeezed, people use the web to shop and research for bargains
-Will keep a close eye on costs given [...]