Earnings Roundup: 11 Interesting Stocks to Analyze from the Week
Some interesting companies announced earnings last week. We’ve spared you some precious research time and put together a list of 11 earnings reports we think you should know more about:
1) Marvell Technology Group Ltd. (NASDAQ:MRVL) Marvell is global semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits. This afternoon the company released its second quarter earnings and hopped up nearly 3% in recent trading despite having narrowly missed targets set by analyst estimates. Net income fell to $146.9 million (22 cents/share) vs. $205.8 million (30 cents/share) a year earlier. A decline of 28.6% from the year earlier quarter. Revenue also took a slide, shedding 6.2% over the last year to total 802.4 million last quarter. According to Chairman and CEO Dr. Sehat Sutardja, “The results for our first quarter reflected the typical seasonality of our consumer centric end markets, even at this low point in the revenue cycle, we were an industry leader in profitability for both operating and cash flow margins.” Keep an eye on competitors Texas Instruments Inc. (NYSE:TXN), Intel Corporation (NASDAQ:INTC),
2) Tiffany and Co. (NYSE:TIF): The luxury jeweler, specialty retailer, and source of pop-music inspiration wowed Wall Street today as shares rose some 15 percent on strong earnings. This news came as Tiffany and Co. skimped by analyst estimates recording in earnings of 56 cents/share and net revenues of $703.3 million. Net income for the jewelry store rose to $81.1 million (63 cents/share) vs. $64.4 million (50 cents/share) in the same quarter a year earlier. Revenues rose to 761 million, a 20.1% increase for the year-to-date. “We are pleased with the very strong start to the year. We achieved healthy sales growth in most regions, were able to improve gross margin despite higher product costs and achieved a significant increase in our operating margin.” said Michael J. Kowalski, chairman and chief executive officer of Tiffany’s strong quarter. Look out for competitors: Zale Corporation (NYSE:ZLC), and Blue Nile, Inc. (NASDAQ:NILE),
3) H.J. Heinz Co. (NYSE:HNZ) : Ketchup lovers take heart, the major producer of condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products continued its run of positive results. Heinz was able to churn out growth in net income this quarter for the third consecutive period, but fell short of Wall Street’s projections of 72 cent earnings per share. Despite failing to meet analyst expectations Heinz shares were up nearly 1% on the day. Last quarter marked the fifth consecutive quarter of gross margins expanding as the company’s gross margin expanded one percentage point to 36.3% from the year earlier quarter. Over that span, margins have grown on average 0.9 percentage point per quarter on a year-over-year basis. Heinz Chairman, President and CEO William R. Johnson said: “Heinz delivered record sales, net income and cash flow in Fiscal 2011, fueled by accelerating growth in key Emerging Markets like China, India, Indonesia and Russia and value-enhancing innovation in our core portfolio of iconic brands.”
4) Polo Ralph Lauren (NASDAQ:RL) The big-time clothes maker, lifestyle products producer, and fashion trend setter released its second quarter earnings yesterday, and missed the targets set in mean analyst estimates. Shares slumped some 12% in early trading yesterday following Polo’s release. Net income fell to $73.2 million, a 35% decline over the past year, although total revenue rose 6.7% to 1.43 billion in that same span of time. Last quarter drop in income broke a streak of four consecutive quarters of profits expanding at Polo. According to Chairman and CEO Ralph Lauren, “ We reported record sales and earnings in Fiscal 2011 while strengthening our foundation for powerful long-term growth.During the year, we opened important flagship stores in some of the world’s premier cities. We also completed the last stage of acquiring our Asian operations, and we are redefining how our brand is presented in this important region of the world.” Keep an eye on competitors Liz Claiborne, Inc. (NYSE:LIZ), and Nordstrom (NYSE:JWN).
5) Toll Brothers Inc. (NYSE:TOL): The real estate home builder, marketer and financier, wowed Wall Street yesterday as shares rose some 15 cents on lukewarm earnings. This came despite Toll Bros. failure to reach mean analyst estimates by just .o1-.02 cents a share earnings. Net income rose to 20.8 million last quarter but was a substantial improvement from the 40.4 million dollar loss the company posted in its previous earnings. Revenues totaled 317.9 million, a 2.7% increase for the year-to-date. “We continue to see stability, and, in some cases, improvement, across our various luxury product lines. Our target customers generally have remained employed during this downturn, and, with their solid credit profiles, been able to secure mortgages at good rates. We believe that some of our clients… are starting to move off the fence and into the market” said President and CEO Douglas C. Yearley, Jr. of the company’s recovering prospects. Keep an eye on competitors PulteGroup, Inc. (NYSE:PHM) and M.D.C. Holdings, Inc. (NYSE:MDC).
6) Costco (NASDAQ:COST) : Last but not least, the much beloved merchandiser and retail wholesaler was able to churn out profit growth this quarter for the third consecutive period and beat mean analyst estimates in terms of earnings per share and revenue. Costco swung to a profit of $324 million ($.73/share) in the quarter, a gain of $18 million or 6% from its per share earnings in its last report. Revenue has risen the past four quarters. Revenue increased 11.4% to $20.88 billion in second quarter. The figure rose 11.2% in first quarter from the year earlier and climbed 7.8% in fourth quarter of the last fiscal year from the year-ago quarter. Costco shares traded down some 2% yesterday following release of the report. Keep an eye on competitors Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Dollar General Corp. (NYSE:DG), BJ’s Wholesale Club, Inc. (NYSE:BJ).
7) Applied Materials (NASDAQ:AMAT): The big-time manufacturer and producer of capital equipments reported its second quarter earnings yesterday, and outperformed analyst estimates by a slim margin of $.01 earnings per share (actual $.38/share v. projected $.37/share). Net income rose to $489 million, up 85% from one year ago, total revenue also rose 24.7% to 286.6 over the past year to date. Last quarter marked the fifth consecutive quarter of gross margins expanding as the company’s gross margin expanded 1.2 percentage points to 41.5% from the year earlier quarter. The company has now topped analyst estimates for the last three quarters. According to Chairman and CEO Mike Splinter, “ Applied delivered one of the best quarters in the company’s history…While near-term economic conditions have tempered our growth expectations, our outlook for the year remains strong.” Keep an eye on competitors Novellus Systems, Inc. (NASDAQ:NVLS) and KLA-Tencor Corporation (NASDAQ:KLAC).
8) DSW (NYSE:DSW) : The footwear and brand name producer had its dancing shoes on for Wall Street yesterday as shares rose some 8.5% after the company reported earnings in pre-market hours. This came despite beating mean analyst estimates by just .o1-.02 cents a share earnings. Net income rose to 38.4 million last quarter while revenues totaled 503.6 million, both numbers represent substantial gains for DSW over the last financial year. “During the quarter, DSW achieved balanced growth across categories and genders with accessories and men’s leading the way. Our new stores performed well and we were also pleased with the growth in our leased business division, which generated its highest quarterly sales in over four years,” said President and CEO Mike MacDonald of the company’s impressive quarter. Keep an eye on competitors NIKE, Inc. (NYSE:NKE) Skechers USA, Inc. (NYSE:SKX).
9) TIVO (NASDAQ:TIVO) : Last but not least, the much beloved provider and developer of the technology and service behind home digital video recorders was finally able to churn out a profit this quarter, and beat mean analyst estimates. TiVo Inc. (NASDAQ:TIVO) swung to a profit of $139 million ($1.04/diluted share) in the quarter, after posting a net loss of $14.2 million or a loss 13 cents per share in the year earlier quarter. TIVO’s profit in the latest quarter follows losses in the three previous quarters. The company reported a net loss of $34.4 million in the fourth quarter of the last fiscal year, a loss of $20.6 million in the third quarter of the last fiscal year and a loss of $15.3 million in the second of the last fiscal year. TiVo shares traded up a slim margin of .04 cents in after-hours trading yesterday following release of the report. Keep an eye on competitors DISH Network Corp. (NASDAQ:DISH), Comcast Corporation (NASDAQ:CMCSA), DIRECTV (NASDAQ:DTV), and Time Warner Cable Inc. (NYSE:TWC).
10) Campbell Soup Company (NYSE:CPB): Shares of Mom’s world favorite chicken-soup and cure all health remedy maker are up 0.5% this morning. Campbell Soup reported Q1 results with EPS of 57 cents, beating Wall Street estimates of 52 cents a share. Last quarter’s profit increase breaks a streak of two consecutive quarters of year-over-year profit decreases. Revenues increased 1% from last year to $1.813 billion, which also beat estimates of $1.8 billion. The future may not be as bright for Campbell’s though, as the company expects a 1% decline in sales in the fiscal year 2011 as well as a drop of 1-3% in adjusted earnings. Watch out for these Campbell’s Competitors in the coming months: General Mills Inc. (NYSE:GIS), HJ Heinz Co.(NYSE:HNZ), and Del Monte Foods Co. (DLM). Check Out Campbell Soup Full Earnings Coverage.
11) Krispy Kreme Doughnuts, Inc. (NYSE:KKD): Shares are responding positively to yesterday’s solid earnings release, up over 16%. EPS of 13 cents beat analyst estimates by 4 pennies, while revenue increased 13.6% to $104.6 million. Corporate refinancing of credit facilities coupled with lower impairment costs combined to help Krispy Kreme beat estimates this quarter. Competitors to keep an eye on: Retail Food Group Limited (NYSE:RFG), Jamba, Inc. (NASDAQ:JMBA), Peet’s Coffee & Tea, Inc. (NASDAQ:PEET), Starbucks Corporation (NASDAQ:SBUX). Check Out Krispy Kreme Full Earnings Coverage.
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