Earnings Review: BODY, ORCL, ADBE, PG, BBBY

Published on Saturday, 23 June 2012 13:09 Written by Todd Shriber

It’s not quite earnings season again, but, unfortunately, it is warnings season. And that’s exactly what the just-completed week brought: Plenty of earnings warnings. Amid the grim outlooks were some decent earnings reports. There were some ugly ones as well. With that, let’s recap the week in earnings news.

Body Central (NASDAQ: BODY), the apparel retailer, saw its stock get whacked after the company pared its second-quarter and full-year revenue forecasts. The company said it expects a second-quarter profit of 19-21 cents a share on sales of $77-$79 million. Body Central previously forecast a second-quarter profit of 26-28 cents a share on sales of $80-$82 million. Same-store sales are expected to decline 7%-9%. Analysts are expecting a profit of 27 cents per share on revenue of $82 million.

Body Central expects a full-year profit of $1.07-$1.11 a share on revenue of $323-$328 million, down from a previous forecast of EPS of $1.34-$1.38 on sales of $333-$337 million. For the full year, Body Central expects same-store sales will fall 4%-6%. Analysts are expecting a profit of $1.35 per share on revenue of $335.4 million.

Enterprise software giant Oracle (NASDAQ: ORCL) released its fiscal fourth-quarter results several days ahead of schedule, saying it earned $3.45 billion, or 69 cents per share, compared with $3.2 billion, or 62 cents per share, a year earlier. On an adjusted basis, California-based Oracle earned 82 cents on revenue of $10.9 billion. Analysts expected a profit of 78 cents a share on revenue slightly below $10.9 billion. The company also said it will buyback $10 billion in stock.

Software maker Adobe (NASDAQ: ADBE) aid its fiscal second-quarter profit fell 2% to $223.9 million, or 45 cents per share, from $229.4 million, or 45 cents per share, a year earlier. On an adjusted basis, Adobe earned 60 cents on revenue of $1.12 billion. Analysts expected 59 cents per share on revenue of $1.11 billion.

For the current quarter, Adobe expects EPS of 56-61 cents a share on revenue of $1.075-$1.125 billion. Analysts are expecting a profit of 61 cents per share and revenue of $1.13 billion.

Procter & Gamble (NYSE: PG), a Dow component and the largest maker of consumer products in the world, lowered its fiscal fourth-quarter profit and revenue guidance due to slowing economic growth. The company said it expects a fourth-quarter profit of 75-79 cents a share down from a previous estimate of 79-85 cents. New revenue guidance implies the company expects sales of $20.45-$20.66 billion. Analysts are expecting earnings of 82 cents per share on revenue of $20.62 billion.

Bed Bath & Beyond (NASDAQ: BBBY) after the company forecast a fiscal second-quarter profit of 97 cents to $1.03 a share, below the $1.08 per share previously expected. The company reported a fiscal first-quarter profit of $206.8 million, or 89 cents per share, on revenue of $2.22 billion. Analysts expected a profit of 84 cents on sales of $2.24 billion. Same-store sales increased 3%.