RadioShack Corp. (RSH) announced its third quarter results today. Net revenues came in at $990 million, down 3.1% year over year. However, this was better than the Zacks Consensus Estimate of $981 million. The year-over-year reduction in sales is primarily due to a 2.9% decline in comparable same-store sales for company-operated stores and kiosks in the reported quarter compared to the prior-year quarter.   Segment wise, revenues from company-operated store declined 3.5% year over year, Kiosks sales declined 17.8% year over year, whereas revenues from Other services increased 13.5% year over year. Acquisition of RadiosShack de Mexico in December 2008 has significantly contributed to the Other services segment. Product category wise, sales declines in digital-to-analog converter boxes, laptop computers, batteries, wireless accessories, and GPS products.  On the other hand, the company generated increased revenues from Sprint Nextel Corp. (S) postpaid wireless business, increased sales of prepaid wireless handsets ...

Pfizer Inc. (PFE) reported third quarter net income of 51 cents per share, which beat the Zacks Consensus Estimate of 48 cents. The company’s net income was 62 cents per share in the year-ago quarter. Revenues for the quarter decreased 3% to $11.6 billion. Revenues for the quarter were unfavorably impacted by approximately 5% due to foreign exchange, and were favorably impacted by 2% due to an adjustment in the third quarter of 2008 for product returns. U.S. revenues, which accounted for 41% of total revenues in the quarter, came in at $4.8 billion, a decrease of 2% compared with the year-ago quarter. International revenues decreased 4% to $6.8 billion, reflecting 5% operational growth and a 9% unfavorable foreign exchange impact. Sales of Pfizer’s mega-blockbuster anti-cholesterol medicine Lipitor fell 9% globally to $2.85 billion in the third quarter. US sales of the drug fell 12%. ...

  Comcast Corporation (CMCSA) reported second quarter 2009 financial results significantly above Zacks Consensus Estimates. Total revenue of more than $8.9 billion was an improvement of 4.5% compared to the same quarter of the previous year and also above the Zacks Consensus Estimates of $8.6 billion. This was primarily due to the solid growth of all the three business segments of the company.   On a GAAP basis, net income in the second quarter of 2009 was $967 million, an improvement of 53% year-over-year. EPS during the reported quarter was 33 cents compared to 21 cents in the prior-year quarter. This is also above Zacks consensus estimates of 26 cents. Effective expense control and working capital management were the main reasons for this solid performance.   Gross margin in the second quarter 2009 was 60.3% compared to 61% in the year-ago quarter. The operating margin was 39.6% in the ...

B/E Aerospace sales soar, EPS dive...and then it gets turbulent!B/E Aerospace (BEAV) reported Q1-09 results. Overall Sales of $523.7 million were up by 10.7% because of the July 28, 2008 acquisition of Honeywell's (HON) Consumable Solutions (HCS) distribution business. However, on a pro-forma basis (i.e., assuming HCS had been on-board last year), Overall Sales were down 15.6%.Further, on the same pro-forma basis, sales were down in all of BEAV's Segments: Consumables Management (the segment in which HCS is parked) was off 11.1% to $239.4 million; Commercial Aircraft declined by 18.9% to $225.9 million; and Business Jet was down 19.7 % to $58.4 million. However, it should be noted that Consumables Management was up by 96.2% on an as-reported basis.Obviously, Operating Earnings were similarly affected. On a pro-forma basis, Overall Operating Earnings (OE) of $80.7 million were off by 13.2%; on an ...

I can’t find many insider buys much more than $500,000 reccently, but BIG Insider selling continues for CEOs and Directors…again while the nation is under seige economically and the average joe gets nothing, these guys are selling millions for their rainy days.  Staples is a good one… the CEO pockets $25 million and the company’s performance is crappy.

Track CEO sales at:

http://trackthepros.com/stocks/category/661

SELLERS:

COMPANY NAME INSIDERS NAME TITLE $ VALUE NO. OF SHARES IN TRANS. RANGE OF VALUES TRANSACTIONS DATES Staples R. Sargent CEO $25,471,500 1,000,000 25.47 Sept. 19, 2008 Lululemon Athletica D. Wilson CB 6,002,016 237,800 24.40-26.13 Sept. 19, 2008 Amazon Com H. Valentine...

We  are in the worst economy since the Great Depression with investment banks and bond insurers disappearing, auto dealers suffering, etc.  At a time when the economy stinks and employment is falling and costs are rising, CEOs and board members are selling stock and getting rich.  It is just plain BS.

Track CEO sales at:

http://trackthepros.com/stocks/category/661

SELLERS:

COMPANY NAME INSIDERS NAME TITLE $ VALUE NO. OF SHARES IN TRANS. RANGE OF VALUES TRANSACTIONS DATES J Crew Group J. Coulter D $66,900,000 2,000,000 33.45 Sept. 19, 2008 Vulcan Materials D. James CEO 12,475,740 150,000 79.90-84.90 Sept. 18-19, 2008 Simon Property Group D. Bloom MC 10,002,000...