Earning Plays

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Monday, Aug. 18
Perrigo's fourth-quarter profit, sales rise(8:28 am ET)
NEW YORK (MarketWatch) -- Perrigo Co. (PRGO: news, chart, profile) said Monday that its fourth-quarter profit rose to $27.5 million, or 29 cents a share, from $18.8 million, or 20 cents per share, in the same quarter a year before. Excluding charges, fourth-quarter adjusted profit was 39 cents a share compared to the year-earlier 24 cents. Analysts had expected earnings of 41 cents per share, according to a FactSet Research poll. Sales for the quarter increased to $500.2 million from $374.3 million. Perrigo said it expects fiscal 2009 earnings of $1.90 to $1.98 a share and revenue growth of 13% to 18%.
Lowe's earnings decline in second quarter(7:25 am ET)
NEW YORK (MarketWatch) -- Lowe's Companies Inc. (LOW: news, chart, profile) said Monday that second-quarter earnings fell to $938 million, or 64 cents a share, compared to $1.0 billion, or 67 cents, in the same period a year ago. Sales rose to $14.5 billion compared to $14.2 billion. Analysts polled by FactSet estimated, on average, earnings per share of 56 cents on sales of $14.1 billion. Lowe's same-store sales fell 5.3% in the period. For the third quarter Lowe's sees sales growth at 1% to 2% and earnings per share of 27 cent to 31 cents. For the full year of 2008 Lowe's expects earnings per share of $1.48 to $1.56.
Trina Solar profit more than doubles, hikes revenue goal(6:41 am ET)
LONDON (MarketWatch) -- China's Trina Solar (TSL: news, chart, profile) said second-quarter net income more than doubled to $17.1 million, or 68 cents a U.S. share, from $7.4 million, or 32 cents a share, as revenue grew to $204 million from $75.3 million. The quarter included losses of 24 cents a share from currency exchange and 8 cents a share from discontinuing the Lianyungang polysilicon project. For the year, it revised higher its revenue goal to a range of $850 million to $900 million, up from $770 million to $808 million, while it kept its operating margin goal unchanged at 15% to 17%. Analysts polled by FactSet Research had expected earnings of 78 cents a share.
Lehman could face $1.8 billion loss: report(3:27 am ET)
LONDON (MarketWatch) -- Lehman Brothers Holdings (LEH: news, chart, profile) may face a fiscal third-quarter loss of $1.8 billion some analysts believe, which would take its losses since the start of March to at least $4.5 billion, according to a report in the Wall Street Journal. Back-to-back losses would add to the pressure on CEO Richard Fuld to show the losses won't continue, the newspaper said. If the losses do continue to pile up, Lehman could need to raise further capital beyond the $6 billion it received in June, the Journal said.
Friday, Aug. 15
SunPower solar deal draws praise, stock jumps (10:57 am ET)
NEW YORK (MarketWatch) -- SunPower Inc.'s (SPWR: news, chart, profile) announcement of its role in a large solar project from Pacific Gas & Electric makes the solar power maker look less susceptible to concerns about oversupply, an analyst from Jefferies & Co. said. "SunPower's central message for the last two years has been enabling grid parity through 50%-60% cost reductions by 2012," analyst Paul Clegg said in a note to clients. "Signing such a large agreement at apparently very low price levels signals SunPower's high level of confidence that it can sell large volumes of PV systems at prices substantially below current levels and still generate target margins." Shares of SunPower jumped 17% to $91.72 in recent trades.