Exxon’s Soft Quarter, Vivus Signs on with Sanofi, and 3 More Hot Stocks

Exxon Mobil (NYSE:XOM): The company has reported EPS of $1.55, missing estimates by $0.35, and representing the company’s lowest EPS figure since 2010. Revenue came in at $106.47 billion, which beat by $0.93 billion. Upstream earnings were $6.3 billion, down 24.5 percent year-over-year, with downstream earnings at $396 million, down significantly from $6.6 billion a year ago, which included a $5.3 billion gain related to the Japanese lubricants division sale.


Vivus Inc. (NASDAQ:VVUS): Vivus has formed an agreement with Sanofi (NYSE:SNY), which will allow Sanofi to produce the active pharmaceutical ingredient for Vivus’ erectile dysfunction treatment Avanafil on an exclusive basis in the U.S. and other territories, and on a semi-exclusive basis in the European Union and Latin America. The deal is still subject to regulatory approval. The companies entered into a technology transfer agreement earlier this year, and have been working on the transfer of the avanafil API manufacturing process since that time, the statement says.


DirecTV (NASDAQ:DTV): Shares are off somewhat, after the company announced second quarter EPS of $1.18, missing by $0.16, and revenues of  $7.7 billion, also missing the mark by $0.07 billion. The company repurchased $2 billion worth of stock in the the first half of the year, and subscribers have reached 37 million. Though macroeconomic and operational challenges in Latin America (noticeably, Brazil) hindered earnings and dented profits, they were partially offset by strong performance from the long term strategic imperatives in the U.S.


Macy’s (NYSE:M): The lawsuit between Macy’s and J.C. Penney (NYSE:JCP) has reached its final stage, as attorneys for the two companies are due back in court following a 3 month break. New York State Supreme Court Judge Jeffrey Oing could decide the case as early as Friday, at least according to experts. Macy’s sued Penney and Martha Stewart Living Omnimedia (NYSE:MSO) for violating an exclusive deal between Stewart and Macy’s, when Penney signed its own merchandising pact with Martha Stewart in December 2011.


ConocoPhillips (NYSE:COP): Conoco has posted second quarter EPS of $1.41, beating estimates by $0.11, as production rose to 1.52 million barrels per day from 1.49 million, and the Eagle Ford shale output soared 98 percent to 121,000 barrels per day. The company’s 2013 capital program is expected to be $15.9 billion for continuing operations, and $0.6 billion for discontinued operations. Notably, the latest results don’t include earnings from refining, chemical, and pipeline assets that were spun off to form Phillips 66 in 2012.


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