Did You Miss These 3 Earnings on Monday?
It was an exciting Monday for the markets. The Dow (NYSE:DIA) rallied for a third consecutive day. Commodities (NYSE:RJA) and precious metals (NYSE:SLV) also climbed higher as the dollar (NYSE:UUP) fell closer to critcial support levels.
M&A activity was all the buzz as AT&T (NYSE:T) announced its $39 billion buyout of T-Mobile. AT&T hopes to increase revenues by converting current T-Mobile customers to smartphone users.
Aside from the falling dollar and M&A activity, these 3 companies reported earnings on Monday. Do these stocks deserve a place in your portfolio?
1) Tiffany & Co. (NYSE:TIF): Shares increased 5% during regular market hours on Monday. However, after fourth quarter results were released after the bell, shares have slipped .65%. The company reported a profit of $181 million ($1.41 per share). Profit improved from last year’s $140 million ( $1.10 per share) in the same period.
2) Jaguar Mining (NYSE:JAG): The Brazilian gold company is up big on the continuing gold bull market. Shares increased 3.75% Monday, and another 1.52% in late trading after the company reported strong fourth quarter results. Revenue increased 13% from last year to $44.6 million. The company also reported a net loss of $9.5 million (11 cents per share), compared to a net loss of $29.4 million (36 cents per share) in last year’s fourth quarter.
3) Core Molding Technology (AMEX:CMT): The Ohio based fiberglass company made huge waves Monday. Shares jumped 23% higher after the company report fourth quarter results. Revenue increased 34% to $31 million in the fourth quarter, and increased 20% to $100 million for 2010. The company earned $1.8 million (25 cents per share), which is a 5% increase from last year.
Disclosure: No positions