Earnings Roundup: 8 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 8 earnings reports we think you should know more about:
1) Supervalu (NYSE:SVU): Shares were on fire today after the company reported fiscal Q4 earnings. EPS of 44 cents beat estimates by 10 cents. Revenue decreased 5.9% from last year to $8.66 billion. The company operates food retail stores across the US, and sells everything from general merchandise to health and beauty products. Shares in competitors Kroger (NYSE:KR) andSafeway (NYSE:SWY) also increased today.
2) Google (NASDAQ:GOOG): After the closing bell, internet ruler Google reported Q1 earnings. EPS of $8.08 missed estimates by 2 cents, but revenue increased 29% to $6.54 million. Analysts were quick to point out the company’s recent spending spree. The company hired 1,900 new employees during the quarter. Operating costs and salaries were $2.84 billion in Q1, which represents a 55% increase from last year. Shares are down over 5% in late trading. Will the new employee workforce continue Google’s dominance over Microsoft (NASDAQ:MSFT) and Yahoo(NASDAQ:YHOO). Don’t Miss: Here are the Two Reasons Investors Kicked Google Below the Belt.
3) Progressive (NYSE:PGR): Shares slipped 1.31% after the insurance holding company reported Q1 earnings. EPS of 55 cents beat estimates by 11 cents. The company managed to increase revenue by only 3.2% to $3.9 billion. Q1 net profit was assisted by a 62% increase in security gains as the markets recover from the recession lows. The company should also continue to see an increase in profits due to higher premiums written. In the state of Missouri alone, Progressive has been approved to hike rates by 18% and higher on home insurance policies. Investors should keep an eye on customers potentially switching to less expensive insurance policies from companies like AAA. Other insurance plays include Allstate (NYSE:ALL), AFLAC (NYSE:AFL), and of course Berkshire Hathaway (NYSE:BRKB).
4) Alcoa Inc. (NYSE:AA): The aluminum company is the first Dow (NYSE:DIA) member to report earnings this week. For the first quarter, the company earned $308 million (27 cents per share), which is a huge improvement from last year’s net loss of $201 million (20 cents per share). Sales jumped from $4.89 billion last year, to nearly $6 billion this year. Although aluminum prices rose an average of 15% in the first quarter, profits were offset by a weaker dollar and higher costs. Shares are down more than 3% in late trading. Check out more detailed coverage of Alcoa’s Earnings.
5) Shaw Group Inc. (NYSE:SHAW): The company engages in engineering, construction, consulting, manufacturing, and management services for clients in power, process, environmental, and emergency response markets. Before the opening bell, the company reported Q2 earnings. EPS of 40 cents missed analysts estimates by 8 cents. Revenue of $1.43 billion for Q2 represented a decline of 12% when compared to last year in the same period. Shares closed 1.35% lower on the earnings release. Competitors KBR Inc.(NYSE:KBR) and URS Corp (NYSE:URS) also closed lower.
6) JP Morgan (NYSE:JPM): Before the opening bell, the bank reported Q1 earnings. EPS of $1.28 beat estimates by 12 cents. Revenue of $25.79 billion also beat estimates, but still fell 8% from last year in the same period. The company also raised its quarterly dividend from 5 cents to 25 cents per share. Investors should keep an eye on the company’s credit loss provisions, which decreased from $7.01 billion a year earlier, to only $1.17 billion this year. Shares closed .84% lower for the day. Competitor Bank of America (NYSE:BAC) reported poor earnings Friday.
7) ADTRAN, Inc. (NASDAQ:ADTN): Shares traded down 1.08% after Q1 earnings. EPS of 52 cents, beat estimates by 6 cents. Revenue increased 30% from prior year to $166 million. The company designs, manufactures, markets, and services network access solutions worldwide. Shares of rival Alcatel-Lucent (NYSE:ALU) increased over 7%, and network giant Cisco (NASDAQ:CSCO) decreased 1%.
8) Bank of the Ozarks (NASDAQ:OZRK): Net income for Q1 was $14.6 million (85 cents per share), which represents an 8.3% decrease from the same year ago period. However, total assets showed an increase of 10.2% to $3.33 billion, compared to $3.02 billion last year. The bank provides a range of retail and commercial banking services, and is headquartered in Little Rock, Arkansas.
Don’t Miss Wall St. Cheat Sheet’s Dow 30 Quarterly Earnings Season Preview.
Disclosure: No positions