Earnings Roundup: 7 Blazing Stocks to Analyze After Earnings

FuelCell Energy Inc. ‘s (NASDAQ:FCEL) fourth quarter loss narrowed due mainly to positive revenue growth. Loss narrowed to $7.1 million (loss of 6 cents per diluted share) from $12.1 million (loss of 11 cents per share) in the same quarter a year earlier. Revenue rose 76.2% to $34.7 million from the year earlier quarter. FCEL beat the mean analyst estimate of a loss of 7 cents per share. It beat the average revenue estimate of $32.9 million.

“Our business model is well suited for global expansion as the attributes of our power plants provide financially attractive solutions for customers and we are able to offer localization of certain aspects of the power plants, providing sustainable local job creation,” said Chip Bottone, President and CEO of FuelCell Energy, Inc. “We continue to align ourselves with a select group of partners that understand the power industry and are well positioned to drive market growth. This is illustrated by our recent partnership announcement with Abengoa to build a market for renewable biogas and liquid biofuels in Europe and Latin America and our announcement that POSCO Power is expanding in Southeast Asia.”

Competitors to Watch: Ballard Power Systems Inc. (NASDAQ:BLDP), Hoku Corporation (NASDAQ:HOKU), Energy Conversion Devices, Inc. (NASDAQ:ENER), Ascent Solar Tech., Inc. (NASDAQ:ASTI), First Solar, Inc. (NASDAQ:FSLR), Evergreen Solar, Inc. (NASDAQ:ESLR), DayStar Technologies Inc. (NASDAQ:DSTI), SunPower Corporation (NASDAQ:SPWRA), and ZBB Energy Corporation (NYSE:ZBB).

Best Buy Co. (NYSE:BBY) reported its results for the third quarter. Net income for the electronics store fell to $154 million (42 cents per share) vs. $217 million (54 cents per share) a year earlier. This is a decline of 29% from the year earlier quarter. Revenue rose 1.8% to $12.1 billion from the year earlier quarter. BBY reported adjusted net income of 47 cents per share. By that measure, the company fell short of mean estimate of 51 cents per share. Analysts were expecting revenue of $12.14 billion.

“I’d like to thank our employees around the world for their tireless efforts during the third quarter and a successful kickoff to the holiday selling season,” said Brian J. Dunn, CEO of Best Buy. “We took actions to provide value to customers and drive our business in this competitive consumer environment. We are pleased to report positive traffic, comparable store sales growth and continued progress on our key strategic focus areas, highlighted by strong performance online.”

Competitors to Watch: RadioShack Corporation (NYSE:RSH), hhgregg, Inc. (NYSE:HGG), GameStop Corp. (NYSE:GME), Apple Inc. (NASDAQ:AAPL), Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Funtalk China Hldgs. Ltd. (NASDAQ:FTLK), Systemax (NYSE:SYX), Amazon.com (NASDAQ:AMZN) and eBay (NASDAQ:EBAY).

Joy Global Inc. (NASDAQ:JOYG) reported its results for the most recent quarter. Net income for the company rose 18% to $172.3 million ($1.61 per share) from $146.3 million or $1.39 a share a year earlier. Revenue rose 27% to $1.34 billion from $1.05 billion a year earlier. JOYG fell short of the mean analyst estimate of $1.85 per share. Analysts were expecting revenue of $1.35 billion.

“Our fourth quarter was a good finish to an exceptional year,” said Mike Sutherlin, President and Chief Executive Officer. “Bookings were strong as our customers continue to move ahead with mine expansion projects. Sales were up almost 18 percent from last year and exceptional operating leverage delivered margins of almost 23 percent, excluding the impact of acquisition related activities.”

Competitors to Watch: Bucyrus Intl., Inc. (NASDAQ:BUCY), Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE), General Electric Company (NYSE:GE), Astec Industries, Inc. (NASDAQ:ASTE), Columbus McKinnon Corp. (NASDAQ:CMCO), Manitowoc Company, Inc. (NYSE:MTW), Cummins Inc. (NYSE:CMI), CNH Global N.V. (NYSE:CNH), Navistar Intl. Corp. (NYSE:NAV), Terex Corporation (NYSE:TEX), and Lindsay Corporation (NYSE:LNN).

VeriFone Systems Inc. (NYSE:PAY) reported net income above Wall Street’s expectations for the fourth quarter. Net income for VeriFone Systems Inc. rose to $198.8 million ($1.84 per share) vs. $49.4 million (55 cents per share) in the same quarter a year earlier. This is a more than fourfold rise from the year earlier quarter. Revenue  rose 48.8% to $410.7 million from the year earlier quarter. PAY reported adjusted net income of 53 cents per share. By that measure, the company beat the mean estimate of 44 cents per share. Analysts were expecting revenue of $406.4 million.

“We finished 2011 with another year of record revenues and record profit, and are now midway through our multi-year transformation to the world’s leading services-driven payment technology provider,” said Douglas G. Bergeron, Chief Executive Officer. “Looking to 2012, we are very encouraged by the opportunities at hand throughout our growing, global marketplace.”

FedEx Corporation (NYSE:FDX) reported its results for the second quarter. Net income for FedEx Corporation rose to $497 million ($1.57 per share) vs. $283 million (89 cents per share) in the same quarter a year earlier. This marks a rise of 75.6% from the year earlier quarter. Revenue rose 9.9% to $10.59 billion from the year earlier quarter. FDX beat the mean analyst estimate of $1.52 per share. Analysts were expecting revenue of $10.58 billion.

“Our improved performance was largely a result of effective yield management programs and strong demand for FedEx Home Delivery and FedEx SmartPost services,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “With the healthy growth in online shopping this holiday season, demand is increasing for these residential delivery services.”

Competitors to Watch: United Parcel Service, Inc. (NYSE:UPS), Air Transport Services Group Inc. (NASDAQ:ATSG), Air T, Inc. (NASDAQ:AIRT), OfficeMax (NYSE:OMX), Staples (NASDAQ:SPLS) and Office Depot (NYSE:ODP).

Rite Aid Corporation’s (NYSE:RAD) third quarter loss narrowed, beating estimates. Loss narrowed to $52 million (loss of 6 cents per diluted share) from $79.1 million (loss of 9 cents per share) in the same quarter a year earlier. Revenue rose 2% to $6.3 billion from the year earlier quarter. RAD beat the mean analyst estimate of a loss of 12 cents per share. Analysts were expecting revenue of $6.29 billion.

“We remain pleased with the continued improvement in our top-line results, highlighted by same store sales and Adjusted EBITDA increases for the fourth consecutive quarter,” said John Standley, Rite Aid President and CEO. “Our pharmacy sales growth was strong this quarter, with key drivers being our well-planned and executed flu immunization program and continued favorable customer response to our wellness+ loyalty program.”

Competitors to Watch: Walgreen Company (NYSE:WAG), PetMed Express, Inc. (NASDAQ:PETS), GNC Holdings Inc (NYSE:GNC), CVS Caremark Corporation (NYSE:CVS), China Nepstar Chain Drugstore Ltd. (NYSE:NPD), Walmart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST).

Discover Financial Services (NYSE:DFS) reported net income above Wall Street’s expectations for the fourth quarter. Net income for Discover Financial Services rose to $513 million (95 cents per share) vs. $349.6 million (64 cents per share) in the same quarter a year earlier. This marks a rise of 46.7% from the year earlier quarter. DFS beat the mean analyst estimate of 89 cents per share.

“We are pleased to report another quarter of very strong performance as we generated organic growth in all loan products, had continued improvement in credit and demonstrated solid expense control,” said David Nelms, chairman and chief executive officer of Discover. “Our fourth quarter results, together with our already strong capital levels, allowed us to increase our dividend and execute on our share repurchase program.”

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).