3 Stocks Hot on Trading Radars After Earnings Releases are Out

Nucor Corporation (NYSE:NUE) reported its results for the fourth quarter. Reported a profit of $137.1 million (43 cents per diluted share) in the quarter. The steel and iron company had a net loss of $11.4 million or a loss of 4 cents per share in the year earlier quarter. Revenue Rose 25.3% to $4.83 billion from the year earlier quarter. NUE beat the mean analyst estimate of 29 cents per share. Analysts were expecting revenue of $4.77 billion.

Competitors to Watch: Steel Dynamics, Inc. (NASDAQ:STLD), AK Steel Holding Corp. (NYSE:AKS), United States Steel Corp. (NYSE:X), Universal Stainless & Alloy Products (NASDAQ:USAP), Grupo Simec S.A.B. de C.V. (AMEX:SIM), Gerdau SA (NYSE:GGB), Worthington Industries, Inc. (NYSE:WOR), Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), Friedman Industries (AMEX:FRD), and Evraz Highveld Steel & Vandium Ltd (HGVLY).

AmerisourceBergen Corporation (NYSE:ABC) reported its results for the first quarter. Net income for the drug wholesaler rose to $162.1 million (62 cents per share) vs. $160.5 million (57 cents per share) in the same quarter a year earlier. This marks a rise of 1% from the year earlier quarter. Revenue rose 2.4% to $20.36 billion from the year earlier quarter. ABC fell in line with the mean analyst estimate of 62 cents per share. Analysts were expecting revenue of $19.99 billion.

“We are off to a good start in our fiscal year 2012, with December quarter results in line with our expectations, and excellent progress being made on the integration of our recent acquisitions,” said Steven H. Collis, AmerisourceBergen President and Chief Executive Officer. “We continued to demonstrate expense and working capital discipline, and our balance sheet remains strong, giving us outstanding financial flexibility.”

Competitors to Watch: McKesson Corporation (NYSE:MCK), Cardinal Health, Inc. (NYSE:CAH), Henry Schein, Inc. (NASDAQ:HSIC), Omnicare, Inc. (NYSE:OCR), BioScrip Inc. (NASDAQ:BIOS), Grupo Casa Saba, S.A. (NYSE:SAB), Owens & Minor, Inc. (NYSE:OMI), Patterson Companies, Inc. (NASDAQ:PDCO), PSS World Medical, Inc. (NASDAQ:PSSI), and MWI Veterinary Supply, Inc. (NASDAQ:MWIV).

Zimmer Holdings Inc. (NYSE:ZMH) reported its results for the fourth quarter. Net income for the medical appliances and equipment company rose to $156 million (87 cents per share) vs. $34.9 million (19 cents per share) in the same quarter a year earlier. This is a more than fourfold rise from the year earlier quarter. Revenue rose 2.9% to $1.17 billion from the year earlier quarter. ZMH reported adjusted net income of $1.36 per share. By that measure, the company beat the mean estimate of $1.34 per share. Analysts were expecting revenue of $1.16 billion.

“Zimmer achieved a solid finish to 2011, driven by above-market performance in our Europe, Middle East and Africa and Asia Pacific businesses, as well as the ongoing positive contribution of innovative and proprietary product introductions across our musculoskeletal portfolio,” said David Dvorak, Zimmer President and CEO. “We expect to deliver sustained growth in sales, earnings and cash flow in 2012 through continued execution of the Company’s strategic priorities, including growth initiatives, transformation programs and disciplined capital allocation.”

Competitors to Watch: Stryker Corporation (NYSE:SYK), Exactech, Inc. (NASDAQ:EXAC), Wright Medical Group, Inc. (NASDAQ:WMGI), RTI Biologics Inc. (NASDAQ:RTIX), Tornier N.V. (NASDAQ:TRNX), Smith & Nephew plc (NYSE:SNN), MAKO Surgical Corp. (NASDAQ:MAKO), NuVasive, Inc. (NASDAQ:NUVA), TranS1 Inc. (NASDAQ:TSON), and Alphatec Holdings, Inc. (NASDAQ:ATEC).

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