Market Currents

• Monday, December 21, 2009

• 08:00 AM GE (GE) and French aerospace group Safran win a lucrative contract to manufacture engines for China's future C919 aircraft worth an initial $5B for each company, and potentially many times that over coming decades if China succeeds in its plan to become a player in the passenger plane market dominated by Boeing (BA) and Airbus. Utec's (UTX) Pratt & Whitney and Goodrich (GR) were also in the running. Comment!

• Thursday, October 22, 2009

• 10:01 AM Goodrich (GR): Q3 EPS of $1.12 beats by $0.09. Revenue of $1.65B (-7%) in-line. Shares +3%. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AUO, BDK, BG, BMY, CBE, CELG, CHKP, CIT, CNX, DAL, DHR, DO, DOW, EMC, ERIC, ESV, ETR, FITB, GR, HBAN, HOT, HSY, JBLU, JNS, KMB, LCC, LH, LM, MCD, MJN, MMM, MRK, NCR, NIHD, NUE, NVS, NYT, ORI, OXY, PDS, PLD, PM, PNC, POT, R, RAI, RGC, RS, RTN, RX, SGP, STI, SY, T, TASR, TIN, TMO, TRA, TRV, UNP, UPS, XRX, ZMH Comment!

• Tuesday, October 13, 2009

• 14:12 PM With U.S. spending cuts, and a shift away from traditional weapons programs to counterinsurgency and security networks, eyes are on defense contractor earnings next week (LMT, RTN, GR, LLL) - particularly outlooks, which are expected to be flat. Comment!

• Thursday, July 23, 2009

• 07:02 AM Goodrich (GR): Q2 EPS of $1.15 beats by $0.04. Revenue of $1.7B (-8%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ALXN, BG, BLL, BMY, CBE, CELG, CLS, CME, DHR, DO, ECA, EMC, ESI, ESV, F, FITB, FLIR, GR, HBAN, HOT, HSY, IGT, JBLU, KMB, LCC, LLL, MMM, NCR, NEM, NIHD, NOC, NUE, NYT, OMC, ORI, OXY, PLD, PM, PNC, POT, R, RAI, RS, RTN, RX, SIAL, SPNC, T, TIN, TMO, TRA, UNP, UPS, WYE, XRX, ZMH Comment!

• Thursday, April 23, 2009

• 07:42 AM Goodrich (GR): Q1 EPS of $1.35 beats by $0.28. Revenue of $1.7B (-2.8%) in-line. Sees full-year EPS of $4.50-4.75 vs. $4.63, and revenue of $6.9B vs. $7.1B consensus. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ALXN, AN, AVT, BDK, BG, BLL, CBE, CIT, CLS, CME, CNX, COP, CP, DHR, DO, EMC, ESI, ESV, EXC, FITB, GMT, GR, HSY, IGT, IVZ, JNS, LCC, LLL, MAR, MI, NCR, NCX, NIHD, NOV, NUE, OMTR, OXY, PENN, PM, PNC, POT, RCL, RS, RSH, RTN, RX, SCG, SEIC, SIAL, STI, SU, SVU, TCB, TMO, UNP, UPS, ZMH 1 Comment

• Wednesday, February 4, 2009

• 08:06 AM Goodrich (GR): Q4 EPS of $1.35 beats by $0.33. Revenue of $1.7B in-line. Sees 2009 EPS of $4.50-$4.90 vs. $4.94 and revenue of $7.1-7.2B vs. $7.57B. Shares -5.1% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AGN, ALU, ARM, CLX, DVN, FNF, GR, ITT, KFT, NI, NOV, PM, PPL, R, RL, SLE, TMO, TWC, TWX, WIN Comment!

• Thursday, October 23, 2008

• 07:41 AM Goodrich (GR): Q3 EPS of $1.33 beats by $0.20. Revenue of $1.77B (+10.7%) in-line. Shares -1.1%. "We assume a soft economic environment for 2009, and that global available seat miles will be approximately flat in 2009," it says. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AAI, ALK, ALXN, AMTD, AUO, AVT, BC, BEN, BG, BMY, CBE, CCE, CELG, CNX, DO, DOW, ECA, ECL, ELN, EME, EPD, EQT, ESI, ESV, F, FLIR, GR, HOT, JBLU, JCI, JNS, LCC, LH, LLL, LLY, LTM, LVLT, MO, NIHD, NOV, NYT, ORI, PCZ, PDS, PLD, POT, RGC, RHD, RSH, RTN, RX, SO, STI, TMO, TRA, UNP, UPS, XEL, XRX, ZMH Comment!

• Thursday, July 24, 2008

• 07:39 AM Goodrich (GR): Q2 EPS of $1.44 beats by $0.36. Revenue of $1.85B (+17.3%) in-line. Sees full-year EPS of $4.80-4.95 vs. $4.51. [PR] Comment!
• 00:02 AM Notable earnings before Thursday's open I: ABC, ABI, AN, ASH, AUO, BBI, BBW, BC, BDX, BEN, BG, BMY, BNI, CACH, CBE, CELG, CPS, DAI, DO, DOW, ECA, ECL, ELN, ESI, ESV, EVR, F, FCL, FLIR, FRZ, GR, HOT, HTV, IMCL, IVGN, IVZ, JNS, KCI, KMB Comment!

• Wednesday, June 25, 2008

• 11:15 AM Fallout from Goldman's Boeing bearishness: ROK -10.35%. SPR -5.5%. TXT -4.8%. GR -2.8%. Rockwell also lowered its 2008 earnings outlook. Comment!