3 Key Earnings Reports You Must Know

The week finished with a few big earnings reports which impacted markets. Here’s your Cheat Sheet to three you should know more about:

Citigroup (NYSE:C): The major lender reported its second quarter earnings today to a mixed reception on the street. Net income for the financial services company rose to $3.34 billion ($1.09 per share) vs. $2.7 billion (90 cents per share) in the same quarter a year earlier. This marks a rise of 23.9% from the year earlier quarter. Revenue dipped to $20.62 billion last quarter. The company beat the mean analyst estimate of 96 cents per share. It beat the average revenue estimate of $19.94 billion.

CEO Vikram Pandit noted, “Citi achieved another solid quarter of operating performance as we continue to execute our strategy. We produced growth in both loans and deposits in Citicorp, reduced assets in Citi Holdings, continued to invest in our core businesses, and improved our financial strength. Although the near-term macroeconomic outlook is uneven, Citi is consistently profitable and we remain focused on producing responsible growth by serving our clients.” C stock ended the day down -1.84%.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), Barclays PLC (NYSE:BCS), Goldman Sachs Group, Inc. (NYSE:GS), and U.S. Bancorp (NYSE:USB).

Mattel Inc. (NASDAQ:MAT): The designer and manufacturer of a variety of toys and games for customers and consumers worldwide reported second quarter earnings today. Net income for Mattel, Inc. rose to $80.5 million (23 cents per share) vs. $51.6 million (14 cents per share) in the same quarter a year earlier. This marks a rise of 56.1% from the year earlier quarter. Revenues also rose 14.1% to $1.16 billion from the year earlier quarter. The company beat the mean analyst estimate of 16 cents per share. It beat the average revenue estimate of $1.1 billion.

CEO Robert A. Eckert added, “For the second quarter, I am very pleased with the continued global momentum across our portfolio, including core brand strength as well as the outstanding performance of the CARS 2 entertainment property. Despite the mixed economic news, I am encouraged by our strong operating results and continue to believe we are well-positioned for the all-important second half of the year.” MAT stock closed up 1.87% today.

Companies to Watch: JAKKS Pacific, Inc. (NASDAQ:JAKK), Hasbro, Inc. (NYSE:HAS), Kid Brands Inc (NYSE:KID), LeapFrog Enterprises, Inc. (NYSE:LF), Target (NYSE:TGT), and Wal-Mart (NYSE:WMT).

Genuine Parts Company (NYSE:GPC): The distributor of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials reported its second quarter earnings today. Net income for the company rose to $151.8 million (96 cents per share) vs. $124.5 million (78 cents per share) in the same quarter a year earlier. This marks a rise of 22% from the year earlier quarter. Revenues also rose 11.9% to $3.18 billion from the year earlier. GPC beat the mean analyst estimate of 89 cents per share. It also beat the average revenue estimate of $3.11 billion. The stock was up 3.59% at closing time today.

CEO added, “We are especially pleased to report record sales and earnings for the second quarter. The Automotive Group produced another period of solid growth, with sales up 9% for the third consecutive quarter. We remain encouraged by the ongoing positive impact of our sales initiatives and the sound fundamentals of the aftermarket. Our Industrial and Electrical businesses continue to produce the strongest growth among our four business segments.”

Competitors to Watch: Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY), The Pep Boys – Manny, Moe & Jack (NYSE:PBY), and Navistar Intl. Corp. (NYSE:NAV).