Alcoa Inc (AA): Founded in 1888 and based in New York, New York, Alcoa Inc engages in technology, mining, refining, smelting, fabricating, and recycling aluminum. The company has operations in Australia, Brazil, China, Iceland, Guinea, Russia, and The Kingdom of Saudi Arabia.
Market is expecting a profit of 10 cents a share for the quarter ended March 2010, a jump of 69 cents compared to its actual loss of 59 cents a share it posted in the same quarter a year ago. The company posted a loss of 26 cents a share in the quarter ended June 2009 about 12 cents or 31.6% better than markets expectation, posted a profit of 4 cents a share in the quarter ended September 2009 about 13 cents or 144.4% better than markets expectation, and posted a profit of 1 cent a share in the quarter ended December 2009 about 5 cents or 83.3% under markets expectation. Shares are currently trading at around $14.39 with an average volume of about 40.68 million shares per trading day. Watch for earnings on Monday April 12, 2010 after market close.
CVB Financial Corporation (CVBF): Founded in 1974 and is headquartered in Ontario, Canada, CVB Financial Corporation operates as a bank holding company for Citizens Business Bank that provides various retail banking and financial services to small to mid sized businesses, high net-worth individuals and professionals in the United States.
Market is expecting a profit of 13 cents a share for the quarter ended March 2010, no change compared to its actual profit of 13 cents a share it posted in the same quarter a year ago. The company posted a profit 17 cents a share in the quarter ended June 2009 about 7 cents or 70% better than markets expectation, posted a profit of 10 cents a share in the quarter ended September 2009 about 1 cent or 9.1% under markets expectation, and posted a profit of 16 cents a share in the quarter ended December 2009 about 28 cents or 63.6% under markets expectation. Shares are currently trading at around $10.11 with an average volume of about 1.04 million shares per trading day. Watch for earnings on Monday April 12, 2010.
Fuqi International Inc (FUQI): Founded in 2001 and headquartered in Shezhen, The People’s Republic of China, engages in designing, promoting, and selling precious metal jewelry in the People’s Republic of China.
Market is expecting a profit of 45 cents a share for the quarter ended December 2009, no change compared to its actual profit of 45 cents a share it posted in the same quarter a year ago. The company posted a profit of 45 cents a share in the quarter ended March 2009 about 11 cents or 32.4% better than markets expectation, posted a profit of 45 cents a share in the quarter ended March 2009 about 14 cents or 45.2% better than markets expectation, and posted a profit of 73 cents a share in the quarter ended September 2009 about 28 cents or 62.2% better than markets expectation. Shares are currently trading at around $11.86 with an average volume of about 1.37 million shares per trading day. Watch for earnings on Monday April 12, 2010.
Polycom Inc (PLCM): Founded in 1990 and is headquartered in Pleasanton, California, Polycom Inc provides communications solutions to enterprises, government, education, and healthcare customers to enable voice, video and content communications, primarily in North America, Europe, the Middle East, Africa, Asia, the Caribbean, and Latin America.
Market is expecting a profit of 25 cents a share for the quarter ended March 2010, a drop of 2 cents compared to its actual profit of 27 cents a share it posted in the same quarter a year ago. The company posted a profit of 29 cents a share in the quarter ended June 2009 about 1 cent or 3.6% better than markets expectation, posted a profit of 31 cents a share in the quarter ended September 2009 about 1 cent or 3.1% below markets expectation, and posted a profit of 33 cents a share in the quarter ended December 2009 about 2 cents or 6.5% better than markets expectation. Shares are currently trading at around $30.50 with an average volume of about 2.11 million shares per trading day. Watch for earnings on Monday April 12, 2010.
Sold an out of the money put on AA @ $14. If she rips up I’ll buy back the sold put at a good profit. If she tanks them I’ll happily take the shares put to me @ $14 in a month.
After earnings there’ll probably be a chance to bail at breakeven as implied vol. will get sucked out it but that’s not my plan.
Impressive blog you have here!