It’s Earnings Time

Three of our Buy List stocks reported earnings today. Here’s the rundown.
Danaher (DHR) earned, after a few icky charges, 80 cents per share, two pennies more than estimates. The company also raised its estimate range for the year from $3.07 to $3.17 a share, to $3.15 to $3.22 a share.
I never say I love a stock, but I’m in seriously like with Danaher. The company pegged third-quarter earnings at 77 cents a share to 82 cents a share. The shares gapped up to $65 this morning.
SEI Investments (SEIC) earned 57 cents a share, also two cents more than estimates. The stock pulled back today, but it had a big day yesterday. The stock is our second-best performer year-to-date.
Finally, Golden West Financial (GDW) earned $1.25 a share which was four cents below estimates. The stock is down, but there’s not too much to worry about. Since Wachovia (WB) announced the merger, shares of GDW have traded as a proxy for shares of WB. Wachovia, incidentally, reported earnings of $1.18 a share, three cents ahead of estimates.

Posted by on July 20th, 2006 at 4:21 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.