Earnings Roundup: 6 Super Hot Stocks to Analyze After Earnings

Top Dow (NYSE:DIA) and S&P 500 (NYSE:SPY) stocks announced earnings this week. Here’s your Cheat Sheet to their announcements and business outlooks:

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Oracle Corporation (NASDAQ:ORCL) reported net income above Wall Street’s expectations for the first quarter. Net income for the application software company rose to $1.84 billion (36 cents per share) vs. $1.35 billion (27 cents per share) in the same quarter a year earlier. This marks a rise of 36.1% from the year earlier quarter.Revenue rose 11.6% to $8.37 billion from the year earlier quarter. ORCL reported adjusted net income of 48 cents per share. By that measure, the company beat the mean estimate of 44 cents per share. Analysts were expecting revenue of $8.36 billion.

“New software license sales grew 17%,” said Oracle President and CFO, Safra Catz. “This strong organic growth coupled with disciplined business management enabled yet another increase in our operating margin in Q1. Operating cash flow increased this quarter to $5.4 billion, up $1.6 billion from $3.8 billion in Q1 of last year.” “Our high-end server business — Exadata, Exalogic, and SPARC M-Series — delivered solid double digit revenue growth in Q1,” said Oracle President, Mark Hurd.

Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Microsoft Corporation (NASDAQ:MSFT), SAP AG (NYSE:SAP), Intel Corporation (NASDAQ:INTC), Apple Inc. (NASDAQ:AAPL), Red Hat, Inc. (NYSE:RHT), EMC Corporation (NYSE:EMC), CA, Inc. (NASDAQ:CA), and Adobe Systems Incorporated (NASDAQ:ADBE).

Adobe Systems Incorporated (NASDAQ:ADBE) reported its results for the third quarter. Net income for the application software company fell to $195.1 million (39 cents per share) vs. $230.1 million (44 cents per share) a year earlier. This is a decline of 15.2% from the year earlier quarter. Revenue rose 2.3% to $1.01 billion from the year earlier quarter. ADBEreported adjusted net income of 55 cents per share. By that measure, the company beat the mean estimate of 44 cents per share. Analysts were expecting revenue of $994.8 million.

“Our industry is in the midst of a major transformation,” said Shantanu Narayen, president and CEO of Adobe. “We are aligning around two large initiatives: Content Authoring and Digital Marketing. Each of these opportunities offers significant growth potential, and Adobe is well-positioned to be the market leader in both.”

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NASDAQ:ORCL), Autodesk, Inc. (NASDAQ:ADSK), Sonic Solutions (NASDAQ:SNIC), Monotype Imaging Hldgs. Inc. (NASDAQ:TYPE), Bitstream Inc. (NASDAQ:BITS), Intl. Business Machines Corp. (NYSE:IBM), and Sonic Foundry, Inc. (NASDAQ:SOFO).

Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported net income above Wall Street’s expectations for the second quarter. Net income for the home furnishing store rose to $229.4 million (93 cents per share) vs. $181.8 million (70 cents per share) in the same quarter a year earlier. This marks a rise of 26.2% from the year earlier quarter. Revenue rose 8.3% to $2.31 billion from the year earlier quarter. BBBY beat the mean analyst estimate of 84 cents per share.

Competitors to Watch: Kirkland’s, Inc. (NASDAQ:KIRK), Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), Walmart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST).

Red Hat, Inc. (NYSE:RHT) reported net income above Wall Street’s expectations for the second quarter. Net income for Red Hat, Inc. rose to $40 million (20 cents per share) vs. $23.7 million (12 cents per share) in the same quarter a year earlier. This marks a rise of 69% from the year earlier quarter. Revenue rose 28% to $281.3 million from the year earlier quarter.RHT reported adjusted net income of 28 cents per share. By that measure, the company beat the mean estimate of 19 cents per share. It beat the average revenue estimate of $253.6 million.

“The combination of strong sales execution and customer demand led to second quarter revenue that was above our guidance and represented our fourth straight quarter of accelerating revenue growth,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. “We continued to win and strengthen relationships with enterprise customers who partner with Red Hat to reduce costs while modernizing their IT infrastructure to enable applications to run on bare metal, virtualization and in the cloud. Based on the strong first half results, we believe Red Hat remains well positioned to finish fiscal 2012 as the first billion dollar open source software vendor.”

Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), CA, Inc. (NASDAQ:CA), BMC Software, Inc. (NASDAQ:BMC), Novell, Inc. (NASDAQ:NOVL), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), EMC Corporation (NYSE:EMC), Hewlett-Packard Company (NYSE:HPQ), VMware, Inc. (NYSE:VMW), and Symantec Corporation (NASDAQ:SYMC).

Nike Inc. (NYSE:NKE) reported net income above Wall Street’s expectations for the first quarter. Net income for Nike Inc. rose to $645 million ($1.36 per share) vs. $559 million ($1.14 per share) in the same quarter a year earlier. This marks a rise of 15.4% from the year earlier quarter. Revenue rose 17.5% to $6.08 billion from the year earlier quarter. NKE beat the mean analyst estimate of $1.21 per share. It beat the average revenue estimate of $5.75 billion.

“We’re off to a strong start in fiscal year 2012. We have a powerful and diverse portfolio of brands and businesses, and we’re focused on leveraging them to drive growth and create value for our shareholders,” said Mark Parker, President and CEO, NIKE, Inc. “It pays to be prudent in times like these. It’s also essential that we remain on the offense, creating opportunities. We do that by connecting with consumers, designing innovative products and delivering amazing experiences. That’s how we continue to lead this company and the industry into the future.”

Competitors to Watch: Crocs, Inc. (NASDAQ:CROX), Deckers Outdoor Corp. (NASDAQ:DECK), Skechers USA, Inc. (NYSE:SKX), K-Swiss Inc. (NASDAQ:KSWS), Steven Madden, Ltd. (NASDAQ:SHOO), The Timberland Company (NYSE:TBL), The Global Housing Group (GLHO), adidas AG (ADDYY), LaCrosse Footwear, Inc. (NASDAQ:BOOT), and Phoenix Footwear Group, Inc. (AMEX:PXG).

Discover Financial Services (NYSE:DFS) reported net income above Wall Street’s expectations for the third quarter. Net income for Discover Financial Services rose to $649 million ($1.18 per share) vs. $260.6 million (47 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. DFS beat the mean analyst estimate of 91 cents per share.

“We achieved record results again this quarter as a result of further improvements in credit performance and record sales volume,” said David Nelms, chairman and chief executive officer of Discover. “In addition, we are very pleased to report the reemergence of year-over-year growth in Discover card receivables and continued strong growth in our personal loan and private student loan businesses. Our strong capital position has allowed us to continue to invest in growth. We also repurchased more than eight million shares in the quarter.”

Competitors to Watch: American Express Company (NYSE:AXP), Capital One Financial Corp. (NYSE:COF), Visa Inc. (NYSE:V), SLM Corporation (NYSE:SLM), MasterCard Incorporated (NYSE:MA), Citigroup Inc. (NYSE:C), Bank of America (NYSE:BAC), J.P. Morgan (NYSE:JPM), Nelnet, Inc. (NYSE:NNI), CompuCredit Holdings Corp (NASDAQ:CCRT), and The Student Loan Corp. (NYSE:STU).

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