Earnings Roundup: 12 Interesting Stocks to Examine from the Week
Some big companies announced earnings last week. We’ve spared you some precious research time and put together a list of 12 earnings reports we think you should know more about:
1) Salesforce.com Inc. (NYSE:CRM): The earnings report sent shares to the clouds, gaining over 8% in after hour trading. The company reported earnings of $457 million (31 cents per share) for the fourth quarter. Analysts were only expecting about 26 cents per share.
2) AIG (NYSE:AIG): One of the most famous bailout recipients finally has a profitable quarter after three losing quarters. The insurer giant reported net income of $11.2 billion ($16.60 per share) for the fourth quarter. This was an improvement over last year’s $8.87 billion loss. Shares are up 1% in late trading.
3) Gap Inc. (NYSE:GPS): The company reported a fourth quarter earnings beat. Net income was $365 million (60 cents per share), compared to only $352 (51 cents per share) a year earlier. The clothing retailer plans on opening 75 new franchises and 50 company owned stores overseas.
4) Applied Materials (NASDAQ:AMAT): The computer chip manufacturer reported a huge boost in net income. For the most recent quarter, net income increased to $506 million (38 cents per share). This was a huge improvement from last year’s $83 million (6 cents per share). Revenue also increased 45% to $2.69 billion. Investors don’t appear impressed, shares traded only .44% higher after the closing bell.
5) The TJX Companies (NYSE:TJX): The discount clothing store reported a 15% fall in net income for the fourth quarter. Net income was $334.4 million (84 cents per share), compared to $394.9 million (94 cents per share) last year. The company announced that it will boost its dividend by 27%. Shares traded down .59% in after hour trading.
6) Toll Brothers (NYSE:TOL): The company surprised investors by posting a huge turn around for the most recent quarter. Net income for the quarter was $3.4 million (2 cents per share), compared to a loss of $40.8 million (25 cents per share) last year. Analysts were expecting a loss of about 8 cents per share for the quarter.
7) Priceline.com (NASDAQ:PCLN): Shares flew 4.67% higher in late trading as the company reported fourth quarter earnings. Revenues totaled $731 million, which is a 35% increase from last year’s same quarter. International operations also increased 68%.
8) Transocean (NYSE:RIG): Shares drilled 1% lower after the largest offshore driller reported a $799 million ($2.51 per share) loss for the fourth quarter. Revenue also fell by 21% to $2.16 billion. It’s important to note that the company took a $1 billion charge for a decrease in rates and rig use. The company also posted another $28 million worth of expenses related to the Deepwater Horizon rig explosion.
9) Hewlett-Packard (NYSE:HPQ): Shares got hammered 12% in after market trading as the company reported only a 4% incease in revenue. Net income was $2.61 billion ($1.17 per share), compared to $2.25 billion (93 cents per share) from the prior year.
10) Hertz (NYSE:HTZ): The car rental company reported fourth quarter revenue of $1.8 billion, which is an increase of 5.5% from last year. Worldwide revenues for the entire year increased 6.5% to $7.6 billion. Shares traded down 4.71% on Tuesday trading, but shares are recovering .86% in late trading.
11) Chesapeake Energy (NYSE:CHK): The second largest producer of natural gas in the US has been busy making deals in the first quarter of 2011. After announcing a $4.75 billion deal with BHP on Tuesday, shares ignited 5.19%. After the bell, shares continued to rise on fourth quarter earnings. Net income for the most recent quarter was $180 million (28 cents per share), compared to a $530 million (84 cents per share) loss in last year’s same quarter.
12) Radio Shack (NYSE:RSH): Shares slid 1.05% after the close when the company reported a 25% decrease in net income. On a positive, sales for the fourth quarter increased by 4%. The company expects to earn $1.60 to $1.90 per share for 2011.