Earnings Recap: These Four Companies Just Reported Results

Monsanto (NYSE:MON) stock is skipping higher today, up 4.54% at last check. The company reported earnings yesterday, posting a fiscal-Q3 profit of $680 million, $1.26 per share, on revenue of $3.59 billion. Analysts were expecting earnings of $1.10 per share, so Monsanto largely outperformed in that respect. Net income for the agricultural chemicals company rose 77.1% from the year earlier quarter, with revenues too up 21.2% YoY. CEO Hugh Grant comments, ”Our U.S. selling season is almost complete, and farmers in Latin America are now harvesting their crops.  That gives us real data to validate the momentum we’ve felt.  We made significant changes to our business this year, and those changes resonated with our customers.  We earned their business and achieved what we set out to achieve.” Monsanto Earnings Cheat Sheet: Rising Revenue Helps Margins Expand, Profit Rises>>

Family Dollar Stores (NYSE:FDO) stock also up today, jumping 1.64% so far in trades. The retail chain reported its third quarter results yesterday as well, boasting net income for stores up to $111.1 million (91 cents/share) vs. $104.4 million (77 cents/share) in the same quarter a year earlier, and revenues that rose 7.8% to $2.15 billion YoY. The company did not meet analyst earnings expectations of $.95 per share, though markets seem unconcerned. Family Dollar has now seen net income rise in three-straight quarters. In the second quarter, net income rose 9.8% and in the first quarter, the figure rose 9.9%. CEO Howard Levine remarked, “I remain confident that our strategy of providing customers with value and convenience, combined with the impactful investments we are making to improve the shopping experience in our stores and our profitability, will continue to deliver strong shareholder return.” Family Dollar Stores Inc. Earnings Cheat Sheet: Powering Ahead>>

KBH Home (NYSE:KBH) dropping off this morning, off big into the red at -12.25% due to disappointing earnings that came in yesterday. The company reported second quarter losses that widened to $68.5 million (89 cents/diluted share) from $30.7 million (loss of 40 cents/share) in the same quarter a year earlier, revenues that fell 27.4% to $271.7 million YoY, and EPS losses that fell under analyst projections. Revenue at KBH has fallen for the past three quarters. In the first quarter, revenue declined 25.4% to $196.9 million while the figure fell 33.1% in the fourth quarter of the last fiscal year from the year earlier. KB Home Earnings Cheat Sheet: Loss Widens>>

General Mills Inc. (NYSE:GIS) the company’s shares are in the green toady, up 1.18%, on positive earnings reports that saw profits at the company rise for the fourth consecutive quarter. Net income for the processed and packaged goods company rose to $320.2 million (48 cents/share) vs. $211.9 million (31 cents/share) in the same quarter a year earlier. A rise of 51.1% from the year earlier quarter. Revenues too rose 3% to $3.63 billion YoY. The company matched analyst projections on EPS of $.52 per share. CEO Ken Powell adds, “This past year represented a challenging operating environment for food manufacturers, as we experienced the return and rapid acceleration of cost inflation for various food ingredients and energy. We’re generally pleased with our 2011 sales and profit results, which met the key targets we set for the year and represent performance consistent with our long-term growth model.” General Mills, Inc. Earnings: Profit Rises for Fourth Straight Quarter>>

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