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Tuesday, September 14, 2010 7:59:17 AM
Morning Ally...glad you are back..
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Updates, advisories and surprises
http://www.marketwatch.com/story/updates-advisories-and-surprises-2010-09-14
By MarketWatch
Cracker Barrel net income rises 20%
(7:22 AM ET) NEW YORK (MarketWatch) -- Cracker Barrel Old Country Store Inc. /quotes/comstock/15*!cbrl/quotes/nls/cbrl (CBRL 48.59, +0.60, +1.25%) said Tuesday its fourth-quarter net income climbed by 20% to $27.4 million, or $1.14 a share, from $22.78 million, or 99 cents a share, in the year-ago period. Revenue rose 3% to $612.5 million. Wall Street analysts expected earnings of $1.12 a share and revenue of $613.8 million, according to a survey by FactSet Research. Cracker Barrel expects 2011 earnings of $3.95 a share to $4.10 a share, compared to the Wall Street target of $4 a share.
Ashmore profit up 39% as assets grow
(2:37 AM ET) LONDON (MarketWatch) -- Investment manager Ashmore Group /quotes/comstock/23s!e:ashm (UK:ASHM 324.10, +5.20, +1.63%) said Tuesday that its net profit for the year ended June 30 rose 39% to 160.6 million pounds ($247.4 million) as revenue grew 41% to 286.2 million pounds. The company said assets under management at the end of the year had increased to $35.3 billion from $24.9 billion at the end of the previous fiscal year, including $7.6 billion of net subscriptions and $2.8 billion from a positive investment performance. The company said its board has recommended a final dividend of 9.34 pence a share, taking the total dividend for the year to 13 pence, or an 8.3% increase from a year earlier.
Debenhams sees adjusted profit up 20%
(2:29 AM ET) LONDON (MarketWatch) -- U.K. department store operator Debenhams /quotes/comstock/23s!e:deb (UK:DEB 66.60, +1.60, +2.46%) said Tuesday that it expects to report a pretax profit before exceptional items of around 150 million pounds ($231 million) for the fiscal year, representing growth of around 20% over the previous year. The company said gross transaction value for the year ended Aug. 28 increased by 9.6% and comparable sales were flat after a recovery in the last 10 weeks of the period. "Our profit performance has been pleasing but we believe it is correct to remain cautious about the level of consumer confidence going forward," said CEO Rob Templeman.
) Updates, advisories and surprises
http://www.marketwatch.com/story/updates-advisories-and-surprises-2010-09-14
By MarketWatch
Cracker Barrel net income rises 20%
(7:22 AM ET) NEW YORK (MarketWatch) -- Cracker Barrel Old Country Store Inc. /quotes/comstock/15*!cbrl/quotes/nls/cbrl (CBRL 48.59, +0.60, +1.25%) said Tuesday its fourth-quarter net income climbed by 20% to $27.4 million, or $1.14 a share, from $22.78 million, or 99 cents a share, in the year-ago period. Revenue rose 3% to $612.5 million. Wall Street analysts expected earnings of $1.12 a share and revenue of $613.8 million, according to a survey by FactSet Research. Cracker Barrel expects 2011 earnings of $3.95 a share to $4.10 a share, compared to the Wall Street target of $4 a share.
Ashmore profit up 39% as assets grow
(2:37 AM ET) LONDON (MarketWatch) -- Investment manager Ashmore Group /quotes/comstock/23s!e:ashm (UK:ASHM 324.10, +5.20, +1.63%) said Tuesday that its net profit for the year ended June 30 rose 39% to 160.6 million pounds ($247.4 million) as revenue grew 41% to 286.2 million pounds. The company said assets under management at the end of the year had increased to $35.3 billion from $24.9 billion at the end of the previous fiscal year, including $7.6 billion of net subscriptions and $2.8 billion from a positive investment performance. The company said its board has recommended a final dividend of 9.34 pence a share, taking the total dividend for the year to 13 pence, or an 8.3% increase from a year earlier.
Debenhams sees adjusted profit up 20%
(2:29 AM ET) LONDON (MarketWatch) -- U.K. department store operator Debenhams /quotes/comstock/23s!e:deb (UK:DEB 66.60, +1.60, +2.46%) said Tuesday that it expects to report a pretax profit before exceptional items of around 150 million pounds ($231 million) for the fiscal year, representing growth of around 20% over the previous year. The company said gross transaction value for the year ended Aug. 28 increased by 9.6% and comparable sales were flat after a recovery in the last 10 weeks of the period. "Our profit performance has been pleasing but we believe it is correct to remain cautious about the level of consumer confidence going forward," said CEO Rob Templeman.
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