These 4 companies reported earnings after the bell on Thursday. Should you trade these stocks Friday?
1) Kodiak Oil & Gas (AMEX:KOG): Shares fell 4.37% after the company released fourth quarter results. Although oil and gas sales increased 131% from last year, the company still reported a net loss of $4.4 million ( 3 cents per share). Included in the 2010 net loss calculation are unrealized derivative losses of $4.6 million.
2) Weyco Group (NASDAQ:WEYS): The mens footwear distributor reported a 7% increase in sales for the fourth quarter. Net sales were $62.3 million, compared to $58.4 million in the same period last year. The company earned $5.1 million (45 cents per share) for the quarter. The stock currently pays a dividend yield of 2.6%.
3) DexCom, Inc. (NASDAQ:DXCM): The medical device manufacturer reported a net loss of $9.8 million (16 cents per share). Despite the loss, it was actually an improvement from last year’s $11.5 million (25 cents per share) loss for the same quarter. On a positive note, sales for the company climbed 49% to $15.6 million.
4) Energy Recovery, Inc. (NASDAQ:ERII): Shares took a beating of nearly 7% after the company reported a poor fourth quarter. Revenue fell from $15.7 million to $13 million. Analysts were expecting revenue of about $18 million for the quarter. The company also gave a disappointing outlook for 2011, as it expects to lose 13-19 cents per share for the year.
Disclosure: No positions