Company News for November 25, 2009
• J Crew Group (NYSE:JCG) wowed investors with sharply better-than-expected third quarter earnings of 67 cents a share, versus 30 cents a year ago, and ahead of Zacks estimates of 58 cents a share. Revenues of $414.1 million exceeded last year's $363.1 million and beat projections of $406.6 million. The firm expects fourth quarter earnings of 37 cents to 42 cents a share
• Goldman Sachs (NYSE:GS) increased its six-month price target for Amazon.com (NASDAQ:AMZN) from $125 to $146, maintaining its "buy" rating. Goldman said it believed online discount wars have added to its traffic flow, generating revenue gains. Fourth quarter estimates were raised from $8.9 to $9.1 billion
• Piper Jaffray (NYSE:PJC) reiterated its "overweight" rating on Dollar Tree (NASDAQ:DLTR), lifting its price target to $60 from $57, its fourth quarter estimates to $1.38 from $1.30, and its 2010 projection to $3.82 from $3.71
• Tiffany (NYSE:TIF) reported better-than-expected earnings of 33 cents a share, 9 cents above Zacks projections, on revenues of $598 million versus Zacks estimates of $575 million. For 2010 the firm projected $1.88 to $1.98 a share versus estimates of $1.77
• Deere (NYSE:DE) reported fiscal fourth quarter earnings of 23 cents a share, 20 cents above Zacks projections, on revenues of $4.73 billion, which bested estimates of $4.44 billion. However, for 2010, the firm expects a sales decline of 1%
• TiVo (NASDAQ:TIVO) reported an inline third quarter loss of 6 cents on revenues of $56.9 million, ahead of the $48 million expected
Read the full analyst report on JCG
Read the full analyst report on GS
Read the full analyst report on AMZN
Read the full analyst report on PJC
Read the full analyst report on DLTR
Read the full analyst report on TIF
Read the full analyst report on DE
Read the full analyst report on TIVO

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