VANCOUVER, British Columbia, Aug. 13, 2012 /PRNewswire-Asia/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: J.C. Penney (NYSE:JCP), Yahoo! (NASDAQ:YHOO), NVIDIA (NASDAQ:NVDA), Fusion-IO (NYSE:FIO), Janus Capital Group (NYSE:JNS), and Microsoft (NASDAQ:MSFT).
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J.C. Penney Company, Inc. (NYSE:JCP): On August 10, J.C. Penney Company, Inc. (NYSE:JCP), a holding company selling merchandise and services to consumers through its department stores and through its Internet Website at jcp.com, announced its financial results for its fiscal second quarter ended July 28, 2012. Comparable store sales for the second quarter declined 21.7% from a year earlier. Total net sales in the latest quarter were US$3.02 billion compared with total net sales of US$3.91 billion in the same quarter of 2011, a decrease of 22.6%, which includes the effects of the Company's exit from its outlet business. On a GAAP basis, J.C. Penney reported a net loss of US$147 million, or US$0.67 per share. That is compared to a net income of US$14 million, or US$0.07 per share, in the prior-year quarter. In the last trading session, J.C. Penney trades have gone up 5.88% to US$23.40 with heavy volume traded. There were 48.14 million stock shares traded, which was 5 times more than average volume. Do you think J.C. Penney will continue to advance? Do you think now is a good time to sell the stock? Investors could check JCP earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/081312A/JCP/JCPenney.pdf
Yahoo! Inc. (NASDAQ:YHOO): In the middle of July, Yahoo! Inc. (NASDAQ:YHOO) appointed Marissa Mayer as President and Chief Executive Officer and Member of the Board of Directors, effective on July 17, 2012. For the quarter ended June 30, 2012, Yahoo! showed revenue excluding traffic acquisition costs was US$1,081 million, flat compared to the same quarter of 2011. GAAP revenue for the quarter was declined by 1% to US$1,218 million from the prior-year quarter. Non-GAAP income from operations of US$190 million in the second quarter of 2012 was flat compared to US$191 million in the prior-year quarter. On a GAAP basis, income from operations for the latest quarter was US$55 million compared with US$191 million a year earlier, a decline of 71%. According to new Chief Executive Marissa Mayer's review of the company's business strategy, Yahoo! said last Thursday the company may change its plans to return to shareholders most of the proceeds expected from the sale of a stake in Chinese Internet giant Alibaba Group Holding Ltd. At the close of the trading day, shares of Yahoo! dumped US$0.86 (-5.37%) to US$15.15 on hefty volume of 61.96 million shares, well above its usual volume of 13.76 million shares. Do you think now is a good time to buy or sell the stock? Check YHOO earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/081312A/YHOO/Yahoo.pdf
NVIDIA Corporation (NASDAQ:NVDA): For the second quarter of fiscal 2013 ended July 29, NVIDIA Corporation (NASDAQ:NVDA) showed revenue of US$1.04 billion, up 2.7% from the same quarter of fiscal 2012. GAAP net income for the quarter was US$119.05 million, or US$0.19 per diluted share, compared with GAAP net income of US$151.57 million, or US$0.25 per diluted share, a year ago. For the same quarter, NVIDIA said non-GAAP net income was US$170.45 million, or US$0.27 per diluted share. That is compared with US$193.55 million, or US$0.32 per diluted share, in the comparable quarter of fiscal 2012. NVIDIA Corporation is involved in creating the graphics chips used in personal computers. Shares of NVIDIA gapped open sharply higher in the last trading session. By market close, the stock finally dipped as much as US$0.09 (or -0.61%) to US$14.62. Observing comprehensive analysis of NVIDIA stock could help investors avoid big lost in investment. See NVDA earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/081312A/NVDA/NVIDIA.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. Check out the consensus earnings forecast reports below:
Fusion-IO, Inc. (NYSE:FIO):
Read Full Report: http://www.earningforecast.com/PR/081312A/FIO/FusionIO.pdf
Janus Capital Group Inc. (NYSE:JNS):
Read Full Report: http://www.earningforecast.com/PR/081312A/JNS/JanusCapitalGroup.pdf
Microsoft Corporation (NASDAQ:MSFT):
Read Full Report: http://www.earningforecast.com/PR/081312A/MSFT/Microsoft.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
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