Investors are Trading These Equities Following Earnings
Aaron’s Inc. (NYSE:AAN) reported its results for the fourth quarter. Net income for Aaron’s Inc. fell to $30.5 million (40 cents per share) vs. $30.8 million (38 cents per share) a year earlier. This is a decline of 0.8% from the year earlier quarter. Revenue rose 8.1% to $523.5 million from the year earlier quarter. Aaron’s Inc. reported adjusted net income of 43 cents per share. By that measure, the company fell in line with the mean estimate of 43 cents per share. Analysts were expecting revenue of $519.3 million.
“Excluding the aforementioned $.03 diluted per share charge, our results for the fourth quarter and year were within our guidance,” said Ronald W. Allen, interim President and Chief Executive Officer of Aaron’s. “We had good revenue and customer growth during the quarter, and believe the results were outstanding in these challenging economic times. Our market remains large, and the high-quality, affordable basic home furnishings we provide fulfills the desires and needs of our customers.”
Competitors to Watch: Rent-A-Center, Inc (NASDAQ:RCII), AeroCentury Corp. (AMEX:ACY), McGrath RentCorp (NASDAQ:MGRC), CONN’S, Inc. (NASDAQ:CONN), Best Buy Co., Inc. (NYSE:BBY), Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), GameStop Corp. (NYSE:GME), and RadioShack Corporation (NYSE:RSH).
Arch Coal Inc (NYSE:ACI) reported higher profit for the fourth quarter as revenue showed growth. Net income for Arch Coal Inc rose to $70.9 million (33 cents per share) vs. $47.8 million (29 cents per share) in the same quarter a year earlier. This marks a rise of 48.3% from the year earlier quarter. Revenue rose 47.1% to $1.23 billion from the year earlier quarter. Arch Coal Inc topped the mean estimate of 31 cents per share. It fell short of the average revenue estimate of $1.3 billion.
“Arch delivered solid quarterly financial results despite weakening coal market conditions as the fourth quarter progressed,” said Steven F. Leer, Arch’s chairman and chief executive officer. “In particular, our Powder River Basin operations rebounded from flood-related disruptions earlier this year. Also, higher realized prices and solid cost control across our diverse operating platform helped to expand our per-ton operating margins versus a year ago.”
Competitors to Watch: Peabody Energy Corporation (NYSE:BTU), CONSOL Energy Inc. (NYSE:CNX), Patriot Coal Corporation (NYSE:PCX), Massey Energy Company (NYSE:MEE), Alpha Natural Resources, Inc. (NYSE:ANR), Alliance Holdings GP, L.P. (NASDAQ:AHGP), Intl. Coal Group, Inc. (NYSE:ICO), James River Coal Company (NASDAQ:JRCC), Natural Resource Partners LP (NYSE:NRP), and Alliance Resource Partners, L.P. (NASDAQ:ARLP).
FLIR Systems Inc. (NASDAQ:FLIR) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the aerospace/defense products and services company rose to $76.1 million (48 cents per share) vs. $69.8 million (43 cents per share) in the same quarter a year earlier. This marks a rise of 9% from the year earlier quarter. Revenue fell 7.4% to $405.2 million from the year earlier quarter. FLIR Systems Inc. reported adjusted net income of 49 cents per share. By that measure, the company beat the mean estimate of 45 cents per share. It fell short of the average revenue estimate of $436.1 million.
“The fourth quarter showcased our ability to adapt and persevere through a challenging macro environment. During the quarter, we expanded margins — gross, operating, and net income — to their highest levels in over a year and cash flow from operations reached its highest quarterly total ever,” said Earl Lewis, President and CEO of FLIR. “Our focus on operational efficiency and innovation throughout 2011 enabled us to drive profitability and has positioned the company for success in the future.”
Competitors to Watch: L-3 Communications Hldgs., Inc. (NYSE:LLL), General Dynamics Corp. (NYSE:GD), Raytheon Company (NYSE:RTN), Irvine Sensors Corporation (IRSN), Elbit Systems Ltd. (NASDAQ:ESLT), Herley Industries, Inc. (NASDAQ:HRLY), Cubic Corporation (NYSE:CUB), Anaren, Inc. (NASDAQ:ANEN), and Tel-Instrument Electronics Corp. (AMEX:TIK).
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