4 Top Earnings Reports Investors Must Know

Delta Airlines (NYSE:DAL): The large U.S. air carrier reported earnings for the second fiscal quarter this morning. Net income for the airline fell to $198 million (23 cents per share) vs. $467 million (55 cents per share) a year earlier. This is a decline of 57.6% from the year earlier quarter. Revenue rose 12.1% to $9.15 billion from the year earlier quarter. DAL reported adjusted net income of 43 cents per share. By that measure, the company fell short of mean estimate of 48 cents per share. Analysts were expecting revenue of $9.16 billion. “High fuel prices are putting significant pressure on the industry, but the benefits of Delta’s strategic actions and the dedication of Delta employees are evident in the solid profit we produced despite more than $1 billion in higher fuel expense,” said Richard Anderson, Delta’s chief executive officer. “Our revenue momentum, coupled with the capacity reductions we are making in September and actions to get our non-fuel costs to 2010 levels, will generate the margins we need to hit our return targets.” DAL stock closed down -5.11% today.

Competitors to Watch: AMR Corporation (NYSE:AMR), United Continental Hldgs., Inc. (NYSE:UAL), US Airways Group, Inc. (NYSE:LCC), Southwest Airlines Co. (NYSE:LUV), and JetBlue Airways Corp. (NASDAQ:JBLU).

IAC/InterActiveCorp (NASDAQ:IACI): The international internet business operator reported its most recent earnings today. Net income rose to $42.4 million (44 cents per share) vs. $13.6 million (12 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter. Revenues rose 20.5% to $485.4 million from the year earlier quarter. IACI reported adjusted net income of 62 cents per share. By that measure, the company beat the mean estimate of 26 cents per share. It beat the average revenue estimate of $463.4 million. The stock closed up 11.25%.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), AOL, Inc. (NYSE:AOL), Microsoft Corporation (NASDAQ:MSFT), Demand Media Inc (NYSE:DMD), and Baidu.com, Inc. (NASDAQ:BIDU).

The Boeing Company (NYSE:BA): The leading US aerospace company reported its second quarter results earlier, with net income rising to $941 million ($1.25 per share) vs. $787 million ($1.06 per share) in the same quarter a year earlier. This marks a rise of 19.6% from the year earlier quarter. Revenue rose 6.2% to $16.54 billion from the year earlier quarter. The company beat the mean analyst estimate of 96 cents per share. Analysts were expecting revenue of $16.41 billion.“Strong operational performance drove double-digit margins at both of our major businesses and produced outstanding results in the quarter,” said Jim McNerney, Boeing chairman, president and chief executive officer.”We also made major progress toward certification and delivery of the 787 Dreamliner and 747-8 and continued our disciplined increases in commercial airplane production rates.Our outlook for the year has strengthened as our team continues its relentless focus on productivity improvement, cash management and program execution.” BA stock posted gains of 0.67% by the closing bell.

Competitors to Watch: Lockheed Martin Corp. (NYSE:LMT), Raytheon Company (NYSE:RTN), Northrop Grumman Corp. (NYSE:NOC), Honeywell Intl. Inc. (NYSE:HON), General Dynamics Corp. (NYSE:GD), and Rockwell Collins, Inc. (NYSE:COL).

Nasdaq OMX Group (NASDAQ:NDAQ): The company, which delivers trading, securities listing, exchange technology and public company services across six continents, reported results from its most recent quarter. Net income for the diversified investments company fell to $92 million (51 cents per share) vs. $96 million (46 cents per share) a year earlier. This is a decline of 4.2% from the year earlier quarter. Revenues fell 8.7% to $699 million from the year earlier quarter. NDAQ reported adjusted net income of 62 cents per share. By that measure, the company beat the mean estimate of 60 cents per share. It beat the average revenue estimate of $413.1 million. The stock ended the day down -3.25%.

Bob Greifeld, Chief Executive Officer and President, NASDAQ OMX said: “NASDAQ OMX continues to deliver record earnings growth, proving the resiliency of our business model. This was accomplished with the strength of our top line as net revenues grew for the third consecutive quarter and are up 11% for the first half of the year when compared to the same period last year. With a sharp eye on execution we’ve achieved double digit growth in net revenues during a time when ongoing economic uncertainty has created a challenging environment for many of our volume related businesses. We are confident in our ability to continue growing the business organically and to effectively leverage the success which is borne out by our record financial performance.”

Competitors to Watch: NYSE Euronext (NYSE:NYX), IntercontinentalExchange, Inc. (NYSE:ICE), CBOE Holdings, Inc (NASDAQ:CBOE), and CME Group Inc. (NASDAQ:CME).