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Sri Raman, senior analyst at StarMine, pinpointed companies that are expected to announce both positive and negative earnings surprises in the coming weeks.
"We definitely did see a lot of companies coming in on the downside, and that’s not surprising given the financial turmoil that we are going in right now," Raman told CNBC.
Positive Surprises:
99 Cent Only Stores [NDN
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]—"It's expected given the weak economy. People are going to be pinching pennies."
Aeropostale [ARO
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]—"[Although] they are in a sector that is affected by the downturn... But [because of] the great back-to-school products that they have, they’re going to beat the estimates."
Negative Side:
Nokia [NOK
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]—"They’re actually not competing on price, and most analysts think that it’s going to hurt their market share."
Boeing [BA
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]—"They have a strike going on right now and it’s expected to hit their earnings this quarter."
Expedia [EXPE
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]—"They have foreign exchange headwinds, they have a lot of businesses out of the country…"
For Investors
Disclosure
No immediate information was available for Raman or his company.
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