
There were more earnings reports out today than any other day thus far in earnings season, and this may well be the busiest day of the season when it is all said and done so here comes another summary of some notable earnings reports from the day.![]()
Notable earnings reports and summary
- ConocoPhillips (NYSE:COP) COP reported 3rd quarter net that fell due to plummeting refining margins. Conoco did beat analysts estimates by 4 cents, but those estimates were lowered earlier this month when the company issued an earnings warning.
- Express Scripts (Nasdaq:ESRX) ESRX came through after the bell today, reporting profits that rose 24% in the past year. The company also raised their guidance for the full year 2007.
- NutriSystem Inc. (Nasdaq:NTRI) Things seem to be growing from bad to worse at NutriSystem as the company saw its revenues decline year over year and issued another revenue warning for the rest of the year.
- VMWare Inc. (NYSE:VMW) VMWare's first earnings report as a public company was a very good one. Revenues rose a staggering 90% from last year, beating analyst expectations.
- Zimmer Holdings Inc. (NYSE:ZMH) Zimmer reported third quarter numbers that looked fine, but the problem here was that the company issued a fourth quarter earnings warning. The company expects to earn $1.03 to $1.05 in the fourth quarter, while the average analysts estimate was $1.16.
- Akamai Technologies (Nasdaq:AKAM) AKAM reported pretty good third quarter earnings after the bell and raised its revenue forecast for the fiscal year 2007 saying the popularity in video on the internet is driving its growth.
- Electronics For Imaging Inc. (Nasdaq:EFII) EFII shares hit a new 52 week low today after missing third quarter estimates and issuing a pretty severe warning for the fourth quarter.
- Legg Mason (NYSE:LM) Legg Mason missed the average analysts estimate by 6 cents per share as the company saw more outflows from its funds than expected in the most recent quarter.
- Terex Corporation (NYSE:TEX) Terex missed analysts estimates as the company said it continues to have problems with component shortages. The company did back its previous forecast for the full year 2007.
- Anheuser-Busch Companies (NYSE:BUD) BUD was able to top expectations by a couple of pennies today. Commodity costs do continue to hurt the company, but the strength of their portfolio of imports led to the earnings topping estimates.
A mixed picture for sure, it will be interesting to see how wall street reacts to these reports, most of which came after the closing bell today.
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