2 Stocks Trading Higher as Investors Like Earnings

NiSource Inc. (NYSE:NI) reported its results for the fourth quarter. Net income for NiSource Inc. fell to $14.7 million (6 cents per share) vs. $31.8 million (12 cents per share) a year earlier. This is a decline of 53.8% from the year earlier quarter. Revenue fell 14.9% to $1.49 billion from the year earlier quarter. NI reported adjusted net income of 32 cents per share. By that measure, the company fell short of mean estimate of 35 cents per share. It fell short of the average revenue estimate of $1.54 billion.

“2011 was a year of significant achievement, groundbreaking performance and industry-leading growth in shareholder value,” NiSource President and Chief Executive Officer Robert C. Skaggs, Jr. said. “Across the board, NiSource teams delivered on our well-established, infrastructure-investment-driven business strategy. This strategy generated earnings growth in line with our guidance range for the fifth consecutive year, and positioned the company to deliver total shareholder return of approximately 40 percent in 2011, significantly outperforming broader market and utility indices for the third consecutive year.”

Competitors to Watch: Ameren Corporation (NYSE:AEE), CenterPoint Energy, Inc. (NYSE:CNP), Unitil Corporation (NYSE:UTL), Dominion Resources, Inc. (NYSE:D), NorthWestern Corporation (NYSE:NWE), Consolidated Edison, Inc. (NYSE:ED), E.ON AG (EONGY), CMS Energy Corporation (NYSE:CMS), Sempra Energy (NYSE:SRE), and Integrys Energy Group, Inc. (NYSE:TEG).

ManpowerGroup (NYSE:MAN) reported its results for the fourth quarter. Reported a profit of $63.6 million (78 cents per diluted share) in the quarter. ManpowerGroup had a net loss of $350.4 million or a loss $4.29 per share in the year earlier quarter. Revenue Rose 5.3% to $5.48 billion from the year earlier quarter. MAN fell short of the mean analyst estimate of 87 cents per share. Analysts were expecting revenue of $5.57 billion.

“We had a strong fourth quarter performance,” Jeffrey A. Joerres, ManpowerGroup Chairman and CEO, said. “The team executed well both operationally and strategically – we were able to achieve a 29% increase in underlying operating profit for the fourth quarter and 61% for the year, while substantially moving forward our strategic drivers.”

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com