Warnaco Group Inc (NYSE: WRC) has unexpectedly dipped lower on high volume after strong international sales helped the company beat market expectations in the second quarter. The Calvin Klein jeans and Speedo swimwear maker's profit soared 40% to $19.4 million, or 41 cents per share, from $13.8 million, or 30 cents, a year ago. The weakness of the U.S. dollar versus the Canadian dollar and the euro also had a positive impact on the results.

Warnaco continues to trade near its 52-week high on strong demand for its swimwear following the success of Olympian Michael Phelps. For 2008, the company expects earnings of $2.80 to $2.90 per share. Analysts have raised their EPS view by 1 cent to $2.91. At an average target price of $51.60, this stock has more upside potential at current levels. However, with a

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Warnaco Group Inc (NYSE: WRC) has unexpectedly dipped lower on high volume after strong international sales helped the company beat market expectations in the second quarter. The Calvin Klein jeans and Speedo swimwear maker's profit soared 40% to $19.4 million, or 41 cents per share, from $13.8 million, or 30 cents, a year ago. The weakness of the U.S. dollar versus the Canadian dollar and the euro also had a positive impact on the results.

 

Warnaco continues to trade near its 52-week high on strong demand for its swimwear following the success of Olympian Michael Phelps. For 2008, the company expects earnings of $2.80 to $2.90 per share. Analysts have raised their EPS view by 1 cent to $2.91. At an average target price of $51.60, this stock has more upside potential at current levels. However, with a trailing P/E

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ITT Educational Services, Inc. (ESI) has seen its estimates hold up in an industry hit by tightened lending practices. The company has also seen an upgrade from a major broker since being featured as a Zacks Rank Buy on August 1st.

Company Description

ITT Educational Services provide career-focused degree programs, with an emphasis on technology. The company has over 100 locations across the United States and currently have approximately 55,000 students enrolled in classes. Each location is nationally accredited by the U.S. Department of Education. ITT carries a market cap of $3.5 billion.

Solid Earnings

Current-quarter estimates for ITT Education's earnings are $1.14 per share, or a 16.6% year-over-year increase. Estimates for full-year 2008 are projecting an increase of 27.8%, $4.74 up from $3.71 last year. The estimates initially popped following the company's July earnings announcement, but have been sustained

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Warnaco Group, Inc (WRC) is trading much higher after a solid earnings report in August. The company continues to pressure its 52-week high and the swimwear segment may see a boost following the success of Olympian Michael Phelps.

Company Description

Warnaco Group, Inc designs, produces, and sells a wide array of clothing, accessories, and fragrances. The clothing for men, women, and children is sold under several different brands including Calvin Klein, Speedo, and others. The company has come a long way from its origins in 1874, when it was founded, selling corsets to retailers. The multi-brand company now has approximately 4,700 employees, a market cap of $2.3 billion, and is still headquartered in New York.

Second-Quarter Results Top Estimates

On August 7th, Warnaco announced second-quarter results which included net revenue of $503.8 million, up from $412.5 or a 22% year-over-year increase. The boost

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I had an amazing time at the Beijing Olympics, and even though I didn't have tickets for the closing ceremony, I did watch it on TV and was again blown away by the scale, precision, and choreography of the Chinese. The two-hour show, which included one of the largest firework displays I've ever seen, a cast of thousands of costumed performers, acrobats, stunt men on springs and cheerleaders was a breathtaking spectacle that I will remember for many, many years. And I was even more astonished by the superhuman feats of athletes like Michael Phelps' eight gold medal performances and Usain Bolt's trio of world records. You'd have a hard time finding anybody who wasn't blown away by the Beijing Olympics and the job of the Chinese organizers. But as exciting as the ...

By William Patalon III Executive Editor Money Morning/The Money Map Report U.S. Federal Reserve Chairman Ben S. Bernanke didn’t use the "S" word - stagflation - but he might as well have. On Friday, the U.S. central bank chief said that the financial crisis that has hammered the U.S. market is combining with rising inflation to eviscerate American economy. Together, the two forces are making it extremely difficult for the Fed to restore economic stability in the U.S. market. Bernanke apparently welcomed the recent drop-off in the prices of oil and other key commodities - and says that inflationary pressures will moderate over the next year and a half, but also cautioned that the current inflation outlook remains highly uncertain. The upshot: The Fed will monitor the economic situation closely and will "act as necessary" to make sure that inflation doesn’t get out of ...

There’s nobody like an investment banker to deliver yesterday’s news tomorrow, and charge you dearly for it. Goldman Sachs have turned bullish on the dollar, while Merrill Lynch are calling crude oil down to $80. If bandwagon jumping was an Olympic sport, these guys would have more gold medals than Michael Phelps. After pumping up the commodity and Euro bubbles all year, a whiff of a bear market and they shamelessly perform a high speed U-turn. Even more amusing is the sudden discovery by the CFTC, which bent over backwards to convince Congress that oil prices were set by fundamentals, that they underestimated the share of trading accounted for by financial speculators. You don’t say. If a canny operator like Boone Pickens has lost $2bn in a month on oil futures, the odds of another Amaranth Advisors style blowup are worryingly high over coming weeks …