Earnings Roundup: 15 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 15 earnings reports we think you should know more about:
1) Darden Restaurants (NYSE:DRI): The causal dining company operates mainly under The Olive Garden, Red Lobster, LongHorn Steakhouse, and The Capital Grille. Shares are down as the company released fiscal third quarter results after the bell. EPS of $1.08 beat estimates by 3 cents, and revenue of $1.98 billion was inline with estimates. Darden continues to expand, as the company finished the quarter with 66 more restaurants than the previous year’s third quarter. Competitor Brinker International, Inc. (NYSE:EAT) is also selling off this morning.
2) Research in Motion (NASDAQ:RIMM): Shares are getting hammered in late trading, falling more than 10% after the wireless communication company released fourth quarter earnings. EPS of $1.78 beat estimates by 2 cents, and revenue grew by 36% from last year to $5.56 billion. The company gave a weak outlook for the current quarter. RIMM expects first quarter earnings of $1.47 to $1.55 per share, compared to estimates of $1.65 per share.
3) Accenture (NYSE:ACN): Shares are up 5.33% in late trading on the company’s latest earnings release. The company earned 75 cents per share on $557.6 million, topping estimates by 3 cents. Looking forward, the company raised fiscal 2011 guidance from $3.08-$3.16 per share, to $3.22-$3.30 per share. Accenture is a management consulting company that also offers technology services and outsourcing.
4) Oracle (NASDAQ:ORCL): After the closing bell, all eyes were on Oracle, the world’s leading supplier of software for management information. Shares jumped 4% in late trading as the company released fiscal third quarter earnings. Earnings of 54 cents per share beat estimates by 4 cents. New software license sales increased 29% to $2.2 billion. The company also saw product support and license update sales increase by 13% to $3.7 billion.
5) Red Hat (NYSE:RHT): Shares received a huge boost as the company released fourth quarter results after the bell. Shares rose over 10% in late trading. Sales also rose 25% to $244.8 million, and EPS came in at 26 cents per share. Analysts estimates were only expecting EPS of about 22 cents. CEO Jim Whitehurst said the company may reach $1 billion in sales for the next fiscal year. Software bellwether Oracle(NASDAQ:ORCL) reports today after the bell, so keep an eye open to see how it’s affecting Red Hat. Red Hat, Inc. develops and provides open source software and services, including the Red Hat Linux operating system. The Company’s Web site offers information and news about open source software and provides an online community of open source software users and developers.
6) Paychex, Inc. (NASDAQ:PAYX): The payroll processing company is not seeing much movement in its stock price after earnings release. Earnings of 36 cents per share beat estimates by only a penny. Wall Street was also not impressed with the company’s 5% revenue increase. Revenue increased to $531.3 million, compared to $507.8 million last year. ychex, Inc. provides comprehensive payroll and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses in the United States. The Company’s services range from calculating payroll and filing tax payments to administering retirement plans and workers’ compensation.
7) SAIC, Inc. (NYSE:SAI): EPS beat estimates by 7 cents, but shares only edged up .53% in late trading. The company reported fourth quarter EPS of 36 cents, and a 3.4% increase in year-over-year revenue to $2.77 billion. Fourth quarter results were helped by the company’s share repurchase program, and federal tax credits for research and development. SAIC, Inc. provides scientific, engineering, systems integration and technical services and solutions in such areas as national security, intelligence and homeland defense.
8) General Mills (NYSE:GIS): The company reported inline EPS of 56 cents. Net income for the fiscal third quarter rose 18%. Overall company revenue for the quarter rose 2% to $3.65 billion, falling short of $3.7 billion estimates. CEO Ken Powell believes rising product prices in the current quarter will give the company its ” highest earnings growth of the year.” General Mills, Inc. manufactures and markets branded and packaged consumer foods worldwide. The Company also supplies branded and unbranded food products to the foodservice and commercial baking industries.
9) Discover Financial Services (NYSE:DFS): Shares are charging ahead 2.25% in late trading as the company reported quarterly earnings. There appears to be a recovery at the credit card company as consumers pay down debt. DFS reported net earnings of $459 million (84 cents per share). This was a huge improvement from last year’s $122 million loss (22 cents per share) last year. Check Out: Banks to Shareholders: Here’s Your Dividends Back.
10) Adobe Systems Inc. (NASDAQ:ADBE): The software company reported fiscal Q1 results after the bell. Revenue increased 20% to $1.03 billion, which is a record for the company. Earnings per share for fiscal Q1 was 58 cents per share, which beat estimates by 1 cent. CEO Shantanu Narayen said, ”Our record results in Q1 represent our sixth consecutive quarter of sequential revenue growth.”
11) Carnival Corporation (NYSE:CCL): The fun ships cruise company didn’t have a very fun day in the markets. Shares traded down 4.5% Tuesday, and another .74% in late trading. Higher fuel prices decreased the company’s fiscal Q1 profit down 13%. Earnings per share of 19 cents were inline with estimates. Looking forward, the company expects second quarter earnings to be 20-24 cents per share. This is a decrease from last year’s 32 cents per share in Q2.
12) Dollar General Corporation (NYSE:DG): Fourth quarter results for the discount retailer were positive, as EPS of 65 cents beat estimates by 6 cents. Shares for the quarter jumped 9.4% to $3.49 billion as consumers continue to pinch pennies. Consumers aren’t the only ones watching inflation unfold. CFO David Tehle said, “Given the uncertainty in the geopolitical markets, fuel cost is a variable that we are watching very closely, as it impacts both our transportation and product costs.” Don’t Miss: Retailer Roundup: Your Cheat Sheet to the Winning and Losing Stocks.
13) Tiffany & Co. (NYSE:TIF): Shares increased 5% during regular market hours on Monday. However, after fourth quarter results were released after the bell, shares have slipped .65%. The company reported a profit of $181 million ($1.41 per share). Profit improved from last year’s $140 million ( $1.10 per share) in the same period.
14) Jaguar Mining (NYSE:JAG): The Brazilian gold company is up big on the continuing gold bull market. Shares increased 3.75% Monday, and another 1.52% in late trading after the company reported strong fourth quarter results. Revenue increased 13% from last year to $44.6 million. The company also reported a net loss of $9.5 million (11 cents per share), compared to a net loss of $29.4 million (36 cents per share) in last year’s fourth quarter.
15) Core Molding Technology (AMEX:CMT): The Ohio based fiberglass company made huge waves Monday. Shares jumped 23% higher after the company report fourth quarter results. Revenue increased 34% to $31 million in the fourth quarter, and increased 20% to $100 million for 2010. The company earned $1.8 million (25 cents per share), which is a 5% increase from last year.
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Disclosure: No positions