Today, the Dow Jones Industrial Average is poised for a higher open and major
stock market indexes pushed into the green earlier yesterday as well, due in
part, to better than expected earnings reports and revisions that had posted.
Alcoa reported this week that earnings would be better than what Wall Street had
been anticipating for the company. Sears Holding Corp. and Tiffany Co. also
posted that earnings forecasts would increase as well. The Dow Jones made gains
yesterday supported by these positive economic developments. Yesterday, after
many of these reports came to light, the Dow Jones Industrial Average moved into
the green by .42%. Sear Holding Corp. expects to earn between $1.16 and $1.88
per share this year which is above the original analytic estimate of 88 cents
per share. Tiffanny Co. reported that yearly earnings estimates will now be
higher as well. The company posted that share value will bump up. Its full year
earnings share value will increase approximately six cents per share. This post
by the company, and others, are positive signs for the economy overall as they
display a willingness on behalf of affluent consumers to enter the market and
make luxury purchases. The New York based company now expects full year earnings
between $2.83 and $2.88 per share. The holiday shopping season was better than
many had anticipated and thus many retail companies are in the process of
revising their full year earning reports for the better. Author: Stephen Johnson
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