It's Earnings Time

Three of the stocks in my IRA portfolio are reporting earnings.

The first one to report was LNDC yesterday after the market close. It was kind of a ho hum report. Revenues were exactly on with the forecast and their profit beat the estimate by .02 cents. Nothing Earth shattering. They will hold their conference call this afternoon - so I will have something to do while I sit at my desk.

TGI which is my second favorite stock in my portfolio after Nintendo is reporting after the market close. This company is run by some really conservative old white dudes. They seem to be pretty smart and know the company and the business well.

Nintendo just reported their earnings in Tokyo. Their profit was up 416% from the year ago quarter to 668 Million (dollars). "Group sales" (which I interpret to be revenue) was up 160%. These numbers are pretty insane. They raised their expected total deliveries of the Wii for the year from 14M to 16.5M and for the DS from 22M to 26M. This company is really sitting pretty here. It is so exciting! Here is a blog that is not updated often enough, but still has some nice writeups. Here is one of the better articles about the company's earnings from Bloomberg.