Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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

Editor’s Note: Related tickers: Family Dollar Stores, Inc. (NYSE:FDO), Bed Bath & Beyond Inc. (NASDAQ:BBBY), JinkoSolar Holding Co., Ltd. (NYSE:JKS), The Progressive Corporation (NYSE:PGR), ADTRAN, Inc. (NASDAQ:ADTN), NovaGold Resources Inc. (USA) (NYSEAMEX:NG)

Delayed tax refunds hurt Family Dollar, shares fall (Reuters)
Shares of the discount retailer’s stock were down 1.6 percent at $58.83 in morning trading. “We expected weakness and we got it,”said Jefferies analyst Daniel Binder, who has a “hold” rating on Family Dollar Stores, Inc. (NYSE:FDO) shares. Family Dollar expects that sales of discretionary items such as apparel and home goods could be hurting heading into the rest of its year. It cited financial pressure facing customers and unseasonably cold spring weather. “Our customers’ discretionary spend is expected to remain constrained,” Chief Executive Howard Levine said in a statement.

Family Dollar Stores, Inc. (NYSE:FDO)Whisper Number Impact: Earnings Preview For Bed Bath & Beyond (Seeking Alpha)
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is expected to report fiscal fourth quarter earnings on Wednesday, April 10th. The whisper number is $1.67, one cent behind the analysts’ estimate. BBBY has an 84% positive surprise history (having topped the whisper in 31 of the 37 earnings reports for which we have data). Earnings history: Beat whisper – 31 qtrs; Met whisper – 0 qtrs; Missed whisper – 6 qtrs.

Progressive (PGR) Posts Quarterly Results (The Utah People’s Post)
Several analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of The Progressive Corporation (NYSE:PGR) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $31.00 price target on the stock. On the ratings front, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Progressive in a research note to investors on Tuesday, April 2nd. They now have a $26.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of The Progressive Corporation (NYSE:PGR) from $21.00 to $25.00 in a research note to investors on Monday, April 1st. They now have a “neutral” rating on the stock.

JinkoSolar Holding Co. (JKS) Announces Quarterly Results (Mideast Time)
JinkoSolar Holding Co., Ltd. (NYSE:JKS) issued its quarterly earnings data on Wednesday. The company reported ($1.26) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.80) by $0.46, AnalystRatingsNetwork reports. The company had revenue of $187.30 million for the quarter, compared to the consensus estimate of $244.50 million. During the same quarter in the previous year, the company posted ($2.61) earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis.

US retailer Family Dollar lowers FY profit target (Just Food)
US discount retailer Family Dollar Stores, Inc. (NYSE:FDO) has lowered its full-year earnings forecast despite booking an increase in first-half profits. In the six months ended 2 March, net profit increased 1.7% to US$220.4m, the retailer reported today (10 April). Operating profit, however, was down 0.4% to $343.9m.

ADTRAN, Inc. Reports Results for the First Quarter 2013 and Declares Quarterly Cash Dividend (Business Wire)
ADTRAN, Inc. (NASDAQ:ADTN) reported results for the first quarter 2013. For the quarter, sales were $143,013,000 compared to $134,735,000 for the first quarter of 2012. Net income was $7,890,000 for the quarter compared to $12,960,000 for the first quarter of 2012. Earnings per share, assuming dilution, were $0.13 for the quarter compared to $0.20 for the first quarter of 2012. Non-GAAP earnings per share for the quarter were $0.17 compared to $0.25 for the first quarter of 2012. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.

Research and Markets: Analysis of NovaGold Resources (Fort Mills Times)
Research and Markets has announced the addition of the “Analysis of NovaGold Resources” company profile to their offering. Aruvian Research presents Analysis of NovaGold Resources Inc. (USA) (NYSEAMEX:NG), a complete and comprehensive analysis of NovaGold Resources includes…

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.