FA Notes Tuesday October 19, 2010
7:53 GLD – Bank of Japan governor, Masaaki Shirakawa, says more quantitative easing if economy deteriorates. Link
5:40 MCP – China now halting some rare-earth shipments to the United States. Link
5:03 HPQ – Engadget reviews webOS 2.0. Link
4:44 BAC – Bank of America response according to CNBC. “We’re not responsible for the poor performance of loans as a result of a bad economy. We don’t believe we’ve breached our obligations as a servicer. We will examine every avenue to vigorously defend ourselves.”
4:28 ALTR – Altera reports Q3 earnings of 69c vs. 65c estimate and revenue $527.5M vs. $526M estimate. The company guides Q4 revenue +3-6% q/q.
4:26 ISRG – Intuitive Surgical reports Q3 earnings of $2.14 vs. $2.10 estimate and revenue of $344M vs. $349.5M.
4:24 JNPR – Juniper Networks reports Q3 of 32c vs. 32c estimate and revenue of $1.01B vs. $1.02B estimate.
4:19 WDC – Western Digital reports Q1 earnings of 84c vs. 81c and revenue of $2.4B vs. $2.35B estimate.
4:15 YHOO – Yahoo reports Q3 earnings 16c vs. 15c estimate and revenue of $1.12B vs. $1.13B estimate. The company guides Q4 revenue to $1.125-1.225B vs. $1.26B estimate.
4:12 CREE – Cree reports Q1 earnings of 60c vs. 58c estimate and revenue of $268M vs. $278M estimate. The company guides Q2 earnings to 56-60c vs. 60c estimate and revenue to $270-280M vs. $297M estimate.
3:32 HPQ – HP introduces webOS 2.0. Link
3:30 VZ – Verizon Wireless is going to offer a $15/month smart-phone data plan with 150MB of usage. Link
3:26 NOK – Gizmodo is not reviewing Nokia’s latest smartphone, the N8, because it is irrelevant. Link
3:24 Dallas Fed Richard Fisher says the outcome of the next Fed meeting “is yet to be determined.” Link
3:01 ERTS – Electronic Arts says Medal of Honor has sold 1.5 million units in its first five days since launch. Link
2:09 BAC – Headlines crossing that New York Fed, PIMCO, and Blackrock looking for force Bank of America to repurchase $47B of mortgage bonds according to Bloomberg.
1:03 NYTimes write about empty cities in China. Link
8:38 September housing starts 610K vs. 579K estimate. September building permits 539K vs. 565K estimate.
8:28 BAC – Bank of America reports Q3 earnings of 27c vs. 16c estimate and revenue of $27B vs. $27.15B estimate.
8:27 HOG – Harley Davidson reports Q3 earnings of 40c vs. 35c estimate and revenue of $1.1B vs. $1.1B estimate.
8:26 EMC – EMC reports Q3 earnings of 30c vs. 30c estimate and revenue of $4.2B vs. $4.2B estimate.
8:25 KO – Coca-Cola reports Q3 earnings of 92c vs. 89c estimate and revenue of $8.4B vs. $8.3B estimate.
8:24 JNJ – Johnson and Johnson reports Q3 earnings of $1.23 vs. $1.16 estimate and revenue of $15.0B vs. $15.2B estimate.
8:10 GS – Goldman Sachs reports Q3 earnings of 2.98 vs. 2.28 estimate and revenue of $8.9B vs. $7.9B estimate.
8:01 GS – Ex-Goldman trader raises over $1 billion for his hedge-fund. Link
7:40 China has decided to raise interest rates by 25bps effective tomorrow. Link
“It said it would raise benchmark one-year deposit and lending rates by 25 basis points each to 2.5 percent and 5.56 percent, respectively.”