VANCOUVER, British Columbia, Aug. 15, 2012 /PRNewswire-Asia/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: American International Group (NYSE:AIG), Groupon (NASDAQ:GRPN), Michael Kors (NYSE:KORS), Bank of America (NYSE:BAC), Home Depot (NYSE:HD), and Ford (NYSE:F).
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American International Group, Inc. (NYSE:AIG): By the end of July, SunAmerica Financial Group, Inc., American International Group, Inc.'s (NYSE:AIG) life and retirement business, has achieved a definitive agreement with The Hartford Financial Services Group Inc. to acquire Woodbury Financial Services, Inc. which is a leading independent broker-dealer. The transaction is expected to be completed by the end of 2012. The insurance company's announced net income was US$2.3 billion for the second quarter of 2012, compared with net income of US$1.8 billion for the same quarter of 2011. Shares of American International Group began the trading session with a price of US$33.54 and throughout the session climbed to a high of US$34.60. When day-trade ended, the stock finally advanced 2.51% to US$33.94. American International Group traded 18.67 million shares in the last trading session, well above its daily average of 10.85 million shares. Do you think now is a good time to buy or sell the stock? See American International Group earnings forecast report here.
Groupon Inc. (NASDAQ:GRPN): In the last trading session, shares of Groupon Inc. (NASDAQ:GRPN) dumped 26.75% to US$5.53 and made a new 52-week low of US$5.46. This is on news that the company posted its second quarter 2012 financial results. Revenue was US$568.3 million in the second quarter, compared with revenue of US$392.6 million in the same quarter of 2011, an increase of 45% year-over-year. Net income attributable to common stockholders in the quarter was US$28.4 million (or US$0.04 per share) compare with a net loss of US$107.4 million (or a loss per share of US$0.35) a year ago. Groupon expects its revenue for the third quarter 2012 to be between US$580 million and US$620 million, an increase between 35% and 44% compared with the third quarter 2011. On August 6, the company announced that Kal Raman has been promoted to SVP, Global Sales and Operations, combining the company's sales and operations worldwide under one leadership. Raman will continue to oversee the Americas region and now adds EMEA and APAC regions, with Veit Dengler, SVP of International, reporting into him. Do you think Groupon will continue to slump? Do you think now is a good time to sell the stock? Investors could check Groupon earnings forecast report here.
Michael Kors Holdings Ltd (NYSE:KORS): Shares of Michael Kors Holdings Ltd (NYSE:KORS) soared 16.48% higher, moving up US$6.98 to US$49.33 per share. Abnormal trading volume of Michael Kors was found reaching 16.74 million shares, 7 times heavier than usual day trading. For the first quarter of fiscal 2013, Michael Kors' reported total revenue was US$414.9 million, rose 71% from US$243.1 million in the first quarter of fiscal 2012. Net income for the first quarter fiscal 2013 was US$68.6 million (or US$0.34 per diluted share) compared with net income of US$24.1 million (or US$0.13 per diluted share) from prior-year quarter. Observing comprehensive analysis of Michael Kors stock could help investors avoid big lost in investment. Check Michael Kors earnings forecast report below.
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