Here are your stocks to keep an eye on this morning:
Phillips (NYSE:PHG) stock is down -1.70% this morning thanks to the Dutch electronics maker’s second quarter earnings that missed revenue targets and posted a net loss after profiting last quarter. Phillips reported 1.34 billion euro loss on 5.21 billion euros in revenue (5.35 expected.) CEO Frans Van Houten Noted, “Our second-quarter results were impacted by near-term operational challenges, weaker markets and a significant impairment charge.”
Halliburton Co. (NYSE:HAL) stock is up .98% in premarket action on positive earnings news. The Texas-based energy services company reported second quarter results this morning, featuring earnings that reached $739 million, or 80 cents a share, from $480 million, or 53 cents, in the year-earlier period, and revenue that rose to $5.94 billion from $4.39 billion. The company topped analyst targets in both EPS and revenue. Expect Oil Services stocks (NYSE:OIH) to be in play this morning: Baker Hughes Incorporated (NYSE:BHI), Schlumberger Limited. (NYSE:SLB), Weatherford Intl. Ltd. (NYSE:WFT), Cameron Intl. Corp. (NYSE:CAM), Complete Production Services, Inc. (NYSE:CPX), TETRA Technologies, Inc. (NYSE:TTI), RPC, Inc. (NYSE:RES), Helix Energy Solutions Group Inc. (NYSE:HLX), Oceaneering International (NYSE:OII), and National-Oilwell Varco, Inc. (NYSE:NOV).
Checkpoint Software Technologies (NASDAQ:CHKP) stock is up 3.17% for the Israeli based tech company on positive first quarter earnings news. Checkpoint came in with earnings excluding one-off items of 68 cents, compared with 58 cents a year earlier. Revenue also grew 15 percent to $300.6 million. Analysts expected to the company to earn 66 cents on revenue of $296 million. CEO Gil Shwed added, “We continued to outperform our projections in the second quarter. These good results are driven by increased sales of enterprise gateways with more software blades attached.”
This weekend, Southwest (NYSE:LUV) said their pilot unions have reached an agreement in principle to integrate seniority lists for Southwest and acquisition AirTrans Airways. The post M&A integration continues to move forward in a positive direction.