Did You Catch These 4 Interesting Earnings Announcements?
Aside from new mortgage rules for banks, and oil (NYSE:USO) holding strong, Tuesday was earnings day for these 4 companies.
1) Tibco Software (NASDAQ:TIBX): Shares are down 5.6% in late trading. The company released fiscal Q1 results after the closing bell. EPS of 16 cents beat estimates by only 1 penny. Revenue for the quarter was $185.3 million, an increase of 20% from last year in the same period. The company provides middleware and infrastructure software across the globe.
2) Apollo Group (NASDAQ:APOL): Although fiscal Q2 EPS of 83 cents beat estimates by 14 cents, shares closed down 4.25% after earnings on Tuesday. Revenue decreased 2.2% from last year to $1.05 billion. The company provides educational programs and services to colleges across the country, as well as Puerto Rico.
3) Lennar (NYSE:LEN): The home builder and financial services provider saw its shares slip 3.44% the day after an ugly Case-Shiller housing report. Before Tuesday’s opening the bell, the company released fiscal Q1 results. EPS of 14 cents beat estimates by 19 cents. Revenue at the company also increased 8.7% to $557.9 million.
4) Document Security Systems (AMEX:DMC): After the closing bell, shares jumped 2.25% on positive Q4 results. Sales increased a whopping 77% to $4.1 million for Q4. The company did report a net loss of 26 cents per share, compared to a net loss of 27 cents per share last year. The company makes and markets paper and plastic products to protect information from unauthorized copying and scanning.
In addition to looking at individual stocks, you should also take a look at whether the Commodities Bull Market is Signaling A Pause?
Disclosure: No positions