How Will Q1 Earnings Compare To Q4?

Tuesday, April 08, 2008 | 03:00 AM

After Monday’s NYSE close, Alcoa (A) reported a 54% earnings miss, blaming soaring energy costs and the weak dollar, reporting .37 (ex-items .44); .50 to .53 was expected.

For those who believe technology is non-cyclical, i.e., immune from recession, AMD missed Q1 revenue forecasts. The company said sales declined 22%, falling to ~$1.5B (AMD dropped 7% in after-hour trading). In response, the firm is cutting 10% of its workforce (1,600). PALM also issued an earning miss, saying its Q3 loss would increase to .53 vs. a forecast .30. 

Which leads directly to this:

Tuesday, April 08, 2008 | 03:00 AM | Permalink | Comments (9) | TrackBack (0)
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Comments

Ummm, it's pretty lame that I am reading posts at 5 a.m., but are you REALLY posting at 3 a.m.--or do you have some Europeans working for you?

Posted by: American ZIRP | Apr 8, 2008 5:13:47 AM

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