These 4 Stocks Reported Earnings After The Dow’s Worst Day Since August
The Dow (NYSE:DIA) fell 178 points on Tuesday as oil and Libya tensions heated up. After the closing bell, highly anticipated earnings were announced. Can these 4 stocks help the Dow recover from its worst day since last August?
1) Hewlett-Packard (NYSE:HPQ): Shares got hammered 12% in after market trading as the company reported only a 4% incease in revenue. Net income was $2.61 billion ($1.17 per share), compared to $2.25 billion (93 cents per share) from the prior year.
2) Hertz (NYSE:HTZ): The car rental company reported fourth quarter revenue of $1.8 billion, which is an increase of 5.5% from last year. Worldwide revenues for the entire year increased 6.5% to $7.6 billion. Shares traded down 4.71% on Tuesday trading, but shares are recovering .86% in late trading.
3) Chesapeake Energy (NYSE:CHK): The second largest producer of natural gas in the US has been busy making deals in the first quarter of 2011. After announcing a $4.75 billion deal with BHP on Tuesday, shares ignited 5.19%. After the bell, shares continued to rise on fourth quarter earnings. Net income for the most recent quarter was $180 million (28 cents per share), compared to a $530 million (84 cents per share) loss in last year’s same quarter.
4) Radio Shack (NYSE:RSH): Shares slid 1.05% after the close when the company reported a 25% decrease in net income. On a positive, sales for the fourth quarter increased by 4%. The company expects to earn $1.60 to $1.90 per share for 2011.
Disclosure: Long position in CHK
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