Thursday was an ugly day for the markets as the Dow (NYSE:DIA) fell 228 points. The unemployment report did little to ease investor’s minds as initial claims jumped to 397k, analysts were only expecting 376k. Looking ahead, Friday should see its fair share of ups and downs as the “day of rage” unfolds in the Middle East and Japan is amidst a earthquake and tsunami of great magnitude.
These 4 companies reported earnings on Thursday. Will these stocks shake off the “day of rage” and tsunami?
1) Aeropostale Inc. (NYSE:ARO): Unlike American Eagle Outfitters (NYSE:AEO), Aeropostale reported a drop in its net income. For the fourth quarter, the company’s net income fell 13% due to higher costs (cotton has reach an all time high this year) and weaker revenue. Net earnings were $83.8 million (95 cents per share), compared to $96.6 million (99 cents per share) last year.
2) National Semiconductor Corp (NYSE:NSM): The company reported a 5% decrease in revenues, but net earnings were slightly higher than expected at $344 million (24 cents per share). Shares traded down 2.14% during regular market hours, and fell an additional .14% after the closing bell.
3) Denison Mines Corp (AMEX:DNN): The uranium mining company reported revenue of $39.2 million for the fourth quarter. The company also reported a net loss of $12.3 million ( 4 cents per share). Shares traded down 4.48% during regular market hours.
4) Smithfield Foods Inc. (NYSE:SFD): Shares jumped 4.07% in late trading as the world’s largest hog producer beat analysts estimates by 18 cents per share. Net earnings for the latest quarter were 84 cents per share. Revenue rose by 11% to $3.19 billion, analysts were expecting revenues of about $3.13 billion.
Disclosure: No positions