Federated Department Stores (FD) Misses Q1 EPS by 3c, Guides Lower for Q2, Below for FY
Federated Department Stores, Inc. (NYSE: FD) reports Q1 EPS of $0.16, 3 cents worse than estimates. Revenues were $5.921 billion vs. $6.01 billion consensus.
Federated reiterated its full-year 2007 earnings guidance of $2.45 to $2.60 per diluted share from continuing operations, excluding merger integration costs. (Consensus is $2.69)
Federated's guidance is for total sales of $6.0 billion to $6.1 billion in the second quarter, compared with previous guidance of $6.1 billion to $6.2 billion. (Consensus is $6.11 billion)
On a same-store basis, the company expects second quarter sales to be flat to up 2%, versus prior guidance of up 1.5-2.5%.
Earnings per diluted share, excluding merger integration costs, are now expected to be in the range of 35 to 45 cents, compared with previous guidance of 40 to 45 cents, in the second quarter. The revised second quarter guidance reflects management's concern about uncertainty in the economic environment. (Consensus is $0.46)
Federated reiterated its full-year 2007 earnings guidance of $2.45 to $2.60 per diluted share from continuing operations, excluding merger integration costs. (Consensus is $2.69)
Federated's guidance is for total sales of $6.0 billion to $6.1 billion in the second quarter, compared with previous guidance of $6.1 billion to $6.2 billion. (Consensus is $6.11 billion)
On a same-store basis, the company expects second quarter sales to be flat to up 2%, versus prior guidance of up 1.5-2.5%.
Earnings per diluted share, excluding merger integration costs, are now expected to be in the range of 35 to 45 cents, compared with previous guidance of 40 to 45 cents, in the second quarter. The revised second quarter guidance reflects management's concern about uncertainty in the economic environment. (Consensus is $0.46)
You May Also Be Interested In
- UPDATE: Bristow Group (BRS) Reports Better-Than-Expected Q4 Results; Offers FY13 Outlook
- Hewlett-Packard Company (HPQ) Tops Q2 EPS by 7c; Guides Q3 Below the Street, Raises FY12 Outlook
- NetApp (NTAP) Slammed On Weak Outlook
Create E-mail Alert Related Categories
Earnings, Guidance, Hot ListSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
