Earnings Roundup: 9 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 11 earnings reports we think you should know more about:
1) Visa (NYSE:V): The well-known credit card company released fiscal Q2 earnings after the closing bell on Thursday. EPS of $1.23 beat estimates by 3 cents, while revenue of $2.2 billion was inline with estimates. The growth in earnings was attributed to double digit growth in service revenues and international transaction revenues. In short, the world continues to move from cash to plastic as the preferred payment method. The company also approved a $1 billion share buyback plan. Rivals include: Mastercard (NYSE:MA), American Express (NYSE:AXP), and Discover (NYSE:DFS).
2) Kraft (NYSE:KFT): Shares are up more than 1% in late trading after the food and snack company reported Q1 earnings. EPS of 52 cents beat estimates by 5 cents. The company earned $799 million, compared to $1.89 billion from last year. The decrease in earnings was due to the its acquisition of Cadbury. CEO Irene Rosenfeld said, “We’re off to a stronger than anticipated start to the year as our teams around the world execute our growth strategy.” Shares are up 1.11% in late trading. Other major food and snack plays include: Hershey (NYSE:HSY), Pepsi Co (NYSE:PEP), Coca-Cola (NYSE:KO), and General Mills (NYSE:GIS).
3) American International Group (NYSE:AIG): One of the largest bailout recipients reported Q1 earnings late Thursday night. EPS of -35 cents missed estimates by 15 cents. In addition to paying back its Federal Reserve credit line, the insurance company also took a hit on the earthquakes in Japan and New Zealand. Shares fell 2.69% in regular trading on Thursday, and another 1.66% after the earnings release. The company provides insurance and related services (including the now famous credit default swaps) in the US and across the globe. Other financial investment options include: Goldman Sachs (NYSE:GS), JP Morgan (NYSE:JPM), Morgan Stanley (NYSE:MS), and Bank of America (NYSE:BAC).
4) Las Vegas Sands (NYSE:LVS): Shares are getting cashed out to the tune of 10% in late trading. After the closing bell, the company reported Q1 earnings. EPS of 37 cents missed estimates by 7 cents, and revenue increased 58% from last year to $2.1 billion. Earnings were hurt from lower winnings on casino table games. Nevada is still struggling to recover from its vicious housing collapse. Las Vegas Sands owns and operates a variety of casinos around the world. It competes with other well-known companies such as MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN).
5) Great Plains Energy (NYSE:GXP): The electric company reported Q1 earnings after the bell. EPS of 1 cent disappointed estimates by 1 penny. Compared to last year, revenue declined 3% to $493 million. Earnings were brought down by 11 cents due to organizational realignment, impacts from KCP&L Missouri rate case, and increased transportation costs. CEO Mike Chesser also noted, ” Lower demand, especially among our residential customers, was a key factor for us in the quarter.” Shares are down 2.64% in late trading. Other higher dividend electrical plays include: Ameren Corp (NYSE:AEE), Exelon Corp (NYSE:EXC), and PPL Corp (NYSE:PPL).
6) CBS Corporation (NYSE:CBS): The television broadcaster beat estimates by 10 cents as it reported Q1 earnings after the close. EPS came in at 29 cents for the first quarter, beating estimates by 10 cents. Shares received a 5% pop on the news. The company also showed investors its strength and confidence by doubling its dividend. CBS isn’t planning on letting the internet media revolution pass it by. The company also signed a deal to allow the fire hot Netflix (NASDAQ:NFLX) stream its older television shows. CBS also reduced NCAA costs by sharing broadcasting time with Time Warner (NYSE:TWX). The company also competes with Disney (NYSE:DIS) and News Corp (NASDAQ:NWS).
7) Chesapeake Energy (NYSE:CHK): Shares are down more than 3.5% after the natural gas company released Q1 earnings. EPS of 75 cents beat estimates by 5 cents. Revenue decreased a whopping 42% from last year to $1.6 billion. This was a huge miss, as investors were expecting $2.7 billion. Due to unsuccessful hedging, the company reported a loss of $205 million for the quarter. The company competes with Anadarko Petroleum (NYSE:APC), BP (NYSE:BP), and ConocoPhillips (NYSE:COP).
8) Massey Energy (NYSE:MEE): The company reported a lump of coal after the closing bell. The company produced a Q1 net loss of $7.7 million (-7 cents per share), analyst estimates were expecting a net gain of 58 cents per share. First quarter results were hurt by the Upper Big Branch explosion, which caused the company to take a $12.4 million hit. Another $18.4 million was lost on derivative instruments. Other coal plays include: Arch Coal (NYSE:ACI), Peabody Energy (NYSE:BTU), and Consol Energy (NYSE:CNX).
9) Anadarko Petroleum (NYSE:APC): After rising 1.79% during regular market hours, shares are now trading nearly 1% lower in late trading. After the closing bell, the oil and gas company reported Q1 results. EPS of 72 cents per share beat estimates by 14 cents. Revenue increased 4% from last year to $3.3 billion. Investors may also want to consider Chesapeake Energy (NYSE:CHK), Exxon Mobil (NYSE:XOM), and Chevron (NYSE:CVX).
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