Earnings Watch News: Family Dollar Stores, Inc. (FDO), Bed Bath & Beyond Inc. (BBBY), JinkoSolar Holding Co., Ltd. (JKS)

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…an overview of the industry the company operates in and then moves on to analyzing the company itself. NovaGold Resources Inc is a precious metals company engaged in the exploration and development of mineral properties in Alaska, the US and British Columbia, Canada. The company focuses on gold, copper, silver and zinc resources. Its current portfolio includes Donlin Gold, Galore Creek and Ambler. The Donlin Gold project in Alaska is held by a limited liability company owned equally by fully owned subsidiaries of NovaGold Resources Inc. (USA) (NYSEAMEX:NG) and Barrick Gold Corporation.

Bed Bath (BBBY) Eyes Better Earnings Growth (Cabot Wealth Advisory)
After watching its earnings grow in single digits the last two quarters, Bed Bath & Beyond Inc. (NASDAQ:BBBY) is expected to deliver a 14% gain for its fiscal fourth quarter, which ended in February. Bed Bath & Beyond and other home furnishings retailers should get a lift from the improved housing market, analysts say.

Family Dollar 2Q profit up, cuts full-year outlook (BlueRidgeNow.com)
Family Dollar Stores, Inc. (NYSE:FDO) said Wednesday that its fiscal second-quarter net income rose 3 percent, as more customers came in to its stores and spent more. An extra week in the period also helped. Dollar stores have continued to see an influx of shoppers since the recession as consumers look for bargains on everyday goods and other items. But Family Dollar lowered its full-year earnings forecast, saying that sales of discretionary items continue to be pressured by shoppers dealing with financial constraints and unseasonably cold spring weather. Its shares fell almost 4 percent in premarket trading.

China’s JinkoSolar Posts Wider Loss (Wall Street Journal)
JinkoSolar Holding Co., Ltd. (NYSE:JKS)’s fourth-quarter loss widened as the Chinese solar-product maker recorded lower revenue and a surge in operating expenses. “Our business continued to face significant challenges during the fourth quarter due to continued module oversupply and the economic uncertainties lingering over the global economy,” Chief Executive Kangping Chen said Wednesday.

The secret behind Bed Bath & Beyond earnings: Finding its niche (Marketplace.org)
Analysts say Bed Bath & Beyond Inc. (NASDAQ:BBBY) seems to have found its niche — benefitting from the Goldilocks syndrome. Patty Edwards, retail analyst at Trutina, says, for a lot of people, a company like Crate & Barrel is too expensive, while less-pricey Target doesn’t have as much selection. “[At Bed Bath & Beyond] you can buy a $20 towel or you can buy a $2 towel,” Edwards says, “But you can do all of that in one spot.”


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