Dominion Stumbles, Newell Rubbermaid Rises Following Earnings

Dominion Resources Inc. (NYSE:D) reported its results for the fourth quarter. Net income for the electric utilities company fell to $201 million (35 cents per share) vs. $298 million (51 cents per share) a year earlier. This is a decline of 32.6% from the year earlier quarter. D fell short of the mean analyst estimate of 64 cents per share.

Thomas F. Farrell II, chairman, president and chief executive officer, said: “For Dominion, 2011 was a year of significant accomplishments. We completed several major capital projects in our strategic growth plan and made significant progress in the construction of several others. We delivered operating earnings per share within our guidance range in the face of a sluggish, yet improving economy, weak commodity prices and mild weather, particularly in the fourth quarter. The structural factors that will drive earnings growth remain in place, and we continue to expect operating earnings growth of five to six percent annually.”

Competitors to Watch: Integrys Energy Group, Inc. (NYSE:TEG), CenterPoint Energy, Inc. (NYSE:CNP), SCANA Corporation (NYSE:SCG), CMS Energy Corporation (NYSE:CMS), DTE Energy Company (NYSE:DTE), Ameren Corporation (NYSE:AEE), NiSource Inc. (NYSE:NI), Wisconsin Energy Corp. (NYSE:WEC), Sempra Energy (NYSE:SRE), and Avista Corporation (NYSE:AVA).

Newell Rubbermaid Inc. (NYSE:NWL) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Newell Rubbermaid Inc. rose to $80.4 million (27 cents per share) vs. $75.7 million (25 cents per share) in the same quarter a year earlier. This marks a rise of 6.2% from the year earlier quarter. Revenue fose 3.7% to $1.5 billion from the year earlier quarter. NWL reported adjusted net income of 40 cents per share. By that measure, the company beat the mean estimate of 38 cents per share. Analysts were expecting revenue of $1.49 billion.

“Newell Rubbermaid’s fourth quarter results were solid in a continuing tough environment,” said President and Chief Executive Officer, Michael Polk. “Our fourth quarter core sales growth of 3.7 percent was the strongest quarter of the year. Our EPS delivery was very good and full year operating cash flow was at the high end of our guidance range.”

Competitors to Watch: Jarden Corporation (NYSE:JAH), The Female Health Company (NASDAQ:FHCO), The Procter & Gamble Co. (NYSE:PG), Fortune Brands, Inc. (NYSE:FO), Carlisle Companies, Inc. (NYSE:CSL), The Clorox Company (NYSE:CLX), and Condomi AG (NYSE:CAG).