The tail end of Q2 earnings continues the quarter’s general strength.
Not only that, but outlooks aren’t crumbling (yet?).
Shares of the middle-brow retailers are up nicely in the pre-market following a strong earnings showing.
EPS of $1.03 came in six cents ahead of expectations, and the Q3 outlook was generally higher than anticipated.
Of note, positive credit card data:
Second quarter bad debt expense was $15 million in 2011, down from $138 million in 2010, driven by improved trends in key measures of risk. Segment profit for the quarter was $171 million, compared with $149 million in second quarter 2010. Annualized segment pre-tax return on invested capital was 28.5 per cent in second quarter 2011, compared with 20.2 per cent in 2010.
Also form the world of retail: Staples.
EPS of $0.22 beat estimates by three cents, and it too posted a stronger-than-expected outlook.
The stock is indicating up almost 7% in the early going.
Finally, the big agriculture equipment maker Deere. EPS of $1.69 was $.02 ahead of estimates, and it sees the boom in its business continuing.
The full report for Deere is here.
For a larger roundup of what’s happening this morning, see here.