Earnings Reports That Surprises Wall Street to the Upside

Following is some information on earnings surprises announced for the third quarter of 2011. The following companies announced earnings on November 3rd.

  • Orbitz Worldwide, Inc.  (NYSE:OWW): This company reported earnings per share of $0.11 against consensus expectations of $0.06, for a surprise of 83.33%. About the company: Orbitz Worldwide, Inc. offers travel services over the Internet. The Company’s website offers air, hotel, vacation package, car rental, cruise, travel insurance, ground transportation, event ticket, and tour bookings.
  • Glu Mobile Inc. (NASDAQ:GLUU): This company reported earnings per share of ($0.02) against consensus expectations of ($0.12), for a surprise of 83.33%. About the company: Glu Mobile Inc. develops and publishes mobile games on a global basis. The Company develops its games and related applications based on third-party licensed brands and other intellectual property, as well as on its own brands and intellectual property.
  • Oculus Innovative Sciences, Inc (NASDAQ:OCLS): This company reported earnings per share of ($0.01) against consensus expectations of ($0.05), for a surprise of 80.00%. About the company: Oculus Innovative Sciences, Inc. develops and manufactures products to prevent and eliminate infections in chronic and acute wounds.
  • Arabian American Development Co (NASDAQ:ARSD): This company reported earnings per share of $0.16 against consensus expectations of $0.09, for a surprise of 77.78%. About the company: Arabian American Development Company refines specialty petrochemical products in the United States, and owns and operates pipelines for transporting these products. The Company also owns undeveloped mineral properties, primarily in Saudi Arabia.
  • Rentrak Corporation (NASDAQ:RENT): This company reported earnings per share of ($0.01) against consensus expectations of ($0.04), for a surprise of 75.00%. About the company: Rentrak Corporation is an information management company serving the media, entertainment, retail, advertising and manufacturing industries. The Company, through its software suite, collects, manages, analyzes, and reports detailed point-of-sale data. Rentrak also provides home entertainment products to small video rental outlets in the US and Canada.
  • Winthrop Realty Trust (NYSE:FUR): This company reported earnings per share of $0.55 against consensus expectations of $0.32, for a surprise of 71.88%. About the company: Winthrop Realty Trust is a real estate investment company. The Company acquires, holds, and manages a diverse real estate portfolio. Holdings include enclosed shopping malls, downtown office buildings, apartment complexes, and mortgage loans.
  • AMN Healthcare Services Inc (NYSE:AHS): This company reported earnings per share of $0.05 against consensus expectations of $0.03, for a surprise of 66.67%. About the company: AMN Healthcare Services, Inc., a temporary healthcare staffing company, provides travel nurse staffing services. The Company places nurses and allied health professionals on temporary assignments at hospitals and healthcare facilities throughout the United States.
  • Oxford Resource Partners, LP Co (NYSE:OXF): This company reported earnings per share of $0.08 against consensus expectations of $0.05, for a surprise of 60.00%. About the company: Oxford Resource Partners LP acquires and produces surface coal reserves in the Northern Appalachia and the Illinois Basin. The company operates surface mines, preparation plants, and a barge loading facility.
  • Eastern Insurance Holdings, Inc (NASDAQ:EIHI): This company reported earnings per share of $0.19 against consensus expectations of $0.12, for a surprise of 58.33%. About the company: Eastern Insurance Holdings, Inc., through a subsidiary, offers group life and health insurance.
  • Pharmerica Corporation  (NYSE:PMC): This company reported earnings per share of $0.31 against consensus expectations of $0.20, for a surprise of 55.00%. About the company: PharMerica Corporation is a pharmaceutical services firm. The Company provides services to patients in hospitals and long term care settings.

(Note: Data about the companies’ earnings are sourced from Yahoo! Finance. All data are assumed to be accurate.)

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