1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (53) 

Highlights Of This Week’s Earnings News

August 09, 2014 | About:

For me the biggest breaking earnings news this week, where companies reported significant and sustainable increases in earnings, were firstly Treehouse Foods, the private label foods manufacturer, which reported a 29% increase on earnings per share and beat consensus estimates by 14%. Overall revenues were up 19% due to strong growth in pickles, salad dressings and single serve coffee capsules. With all three business divisions posting earnings improvement, rising between 14% and 33%, the company raised full year EPS guidance by 10 to 15 cents to $3.60 to $3.75.

Next up student textbook resale site Chegg reported revenue growth of 15% and digital revenue growth of 54% in its second quarter earnings report. CEO Dan Rosensweig also announced a transformational partnership with Ingram Content to focus on becoming a purely digital company within a few years.

Avis Budget Group reported a 36% jump in earnings as revenues grow 10% and pricing improves. Company raises full year guidance.

Finally, in the pink sheets, Pirelli reported a 28.5% increase in earnings on the back of a 56% jump in premium products sales and in spite of an overall reduction in revenues. The company raised its guidance slightly for the consumer business. The company is currently trading on a PE of 16.46.

The author is a blogger for SurgingEarnings.Com

Risk Disclaimer: This article does not constitute a recommendation to buy or sell. Investing in stocks or other securities and derivatives is a high risk activity and not suitable for everyone. It is strongly recommended that individuals should consult with a SEC registered investment adviser prior to making any investment decisions.

Disclosure: The author holds no positions in any of the stocks mentioned nor has any intentions to initiate any in the next 72 hours.

Rating: 0.0/5 (0 votes)


Please leave your comment:

GuruFocus has detected 5 Warning Signs with Avis Budget Group Inc $CAR.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by ABN

User Generated Screeners

JefulfordP/TB <1
JefulfordP/TB <0.7
JefulfordNCAV <1
peterc123NCAV New
wwygeraSmall-Cap Growth
sidrkfgSmall Cap Growth
TFCSpinoffs inside buys
jtepper2Cheap CAPE
TFCPEG1 Buyback Inside 2
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat