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 12 earnings reports we think you should know more about:
1) Nike (NYSE:NKE): Shares are down over 5% in late trading as the world’s largest sportswear supplier released quarterly earnings. Although revenue increased 7.3% to $5.1 billion, EPS of $1.08 missed estimates by 4 cents. It wasn’t all a disappointment, the company said sales for the upcoming season are up 11%. Investors should keep an eye on margins with rising costs at the company. It’s also important to note that Warren Buffett sold his entire Nike position last quarter. Is there more trouble ahead for Nike (NYSE:NKE)?
2) LDK Solar Co. (NYSE:LDK): The company reported strong fourth quarter earnings of $1.09 per share, topping estimates by 17 cents. Revenue for the quarter was $921 million, which is a 36% increase from last year. Although shares were up 4.95% during regular market hours, shares fell 2.56% in late trading as the company maintained its outlook for 2011. Don’t Miss: 10 Solar Stocks You Must Add to Your Investing Watch List Now.
3) Shoe Carnival (NASDAQ:SCVL): Shares are performing well in late trading after the company released fourth quarter results. Revenue for the quarter increased 5.3% from last year to $179.9 million. Net earnings hit the ground running and increased 70% to $4.4 million (33 cents per share).
4) New York & Company (NYSE:NWY): This woman’s speciality retailer is seeing shares jump 4% in late trading. Revenue for the fourth quarter increased to $303.2 million, compared to $298 million last year. Comparable store sales told perhaps the biggest turnaround. Comparable store sales for the fourth quarter increased 1.7%, compared to a very unfashionable 7.7% decrease in last year’s fourth quarter.
5) Guess? Inc. (NYSE:GES): Shares are down 5.5% in late trading as the company gave a weak outlook for 2011. For the first quarter, the company expects earnings of 41 cents to 44 cents. This was well below analysts estimates of 62 cents. Despite the disappointing outlook, the company did report a 19% increase in earnings for the fourth quarter.
6) Peabody Energy (NYSE:BTU): This coal company jumped nearly 4% on Wednesday. Investors are seeking out alternatives to nuclear energy. Thus, coal and natural gas companies are bucking the downward trend. Shares of BTU are up over 9% since Friday.
7) Range Resources (NYSE:RRC): The company engages in acquisition and development of natural gas in the United States. Although the S&P 500 was down nearly 2%, shares of RRC were up 3.81%. Shares have remained strong all year, as YTD the stock is up nearly 16%.
8) Caterpillar (NYSE:CAT): This Dow heavyweight manufactures mining and construction equipment, along with natural gas engines and diesel electric locomotives across the globe. Shares dipped .35% on Wednesday, but was easily the best performer in the Dow (NYSE:DIA). Investors may also find refuge in its 1.7% dividend and $64 billion market cap.Don’t Miss: Industrial and Capital Goods ETF: The Top Exchange Traded Fund for Your Investing Watchlist.
9) Williams-Sonoma Inc. (NYSE:WSM): When everything else seemed to head lower on Tuesday, shares of this speciality home product retailer headed 12.58% higher. Fourth quarter earnings of $1.08 per share beat analysts estimates by 2 cents per share. Sales also rose 9.7% for the fourth quarter to $1.2 billion.
10) Pacific Sunwear of California (NASDAQ:PSUN): There is a lack of sunshine in this clothing retailer as the company reported fourth quarter results after the bell. The company reported an adjusted loss of 33 cents per share. Revenue fell in the quarter to $263 million, compared to $292 million in the same period last year. Shares are down 8.35% in late trading.
11) Resolute Energy Corp (NYSE:REN): The company reported a net loss of $10.5 million (21 cents per share) for the fourth quarter. This was an improvement from last year’s net loss of $21.6 million (43 cents per share). Looking forward, CEO Nicholas Sutton said, “In the first quarter of 2010 we successfully entered the Bakken oil trend in North Dakota, where we now have three wells completed and two wells waiting on completion. We expect that our activity in this area will accelerate in 2011 and we expect to exit the year with this area adding to both our production and to our reserves.”
12) rue21, inc (NASDAQ:RUE): Shares were flat after the company reported fourth quarter earnings. EPS of 44 cents narrowly beat estimates by 1 cent. Revenues rose 22.3% from last year to $190.1 million. For 2011, the company expects Q1 EPS to come in at 27-29 cents. This is inline with analysts estimates of 29 cents per share. Rue21, Inc. is a teen specialty retailer that sells youth and junior-sized clothing for guys and girls through mostly mall-based stores in multiple states.
13) Uranium Energy Corp (AMEX:UEC): The company reported a 10 cents per share loss for its most recent quarter. Analysts were only expecting about a 2 cents per share loss. Shares had a meltdown during regular market hours of 19.18%. Shares fell another .51% in after hour trading. On a positive note, the company has no long term debt on its balance sheet.
14) Dole Food Company (NYSE:DOLE): Shares were strong Monday during regular market hours, but fell nearly 6% after the company reported fourth quarter results. The company reported a loss of $36 million, compared to a $15 million profit last year in the same period. The company also reported an increase of 11% from Q3 to Q4 in packaged foods, but fresh vegetable sales fell 2.1% in the same period.
15) China Mass Media Corp (NYSE:CMM): China Mass Media Corp. operates as an independent advertising company in the Peoples Republic of China. Net income for the fourth quarter was $2.9 million, which is a 195% increase from the third quarter. Total net revenues also increased 38% from Q3 to Q4. Shares are responding to the news by heading 2.27% higher in late trading.