UPS, Lexmark and RadioShack Shares Slide, PACCAR and Mattel Climb in Jan 31st Trading
United Parcel Service, Inc. (NYSE:UPS): The company says “Looking to 2012, our expectations are for mixed economic growth around the world, with modest improvement in the U.S. However, UPS projects another strong year of earnings.” Sees strong cash flow. Shares of United Parcel Service, Inc. are trading 0.84% lower today.
RadioShack Corporation (NYSE:RSH): RadioShack (NYSE:RSH) preannounced Q4 EPS of 11c-13c, versus analysts’ consensus estimate of 37c. However, the company estimated that its Q4 revenue was $1.39B, compared with the consensus estimate of $1.35B. The consumer electronics retailer estimated that its Q4 same-store sales increased 2% and said it would suspend its share repurchases in the near-term. The company explained that its profitability was negatively impacted by a shift towards lower margin smartphones and mobile devices. More specifically, the retailer blamed its results on underperformance by Sprint’s (NYSE:S) postpaid wireless devices, which resulted in fewer activations and upgrades of these devices. In early trading, RadioShack sank $3, or 2.33%, to $7.23. Other consumer electronics retailers also fell, with Best Buy (NYSE:BBY) declining $1.65, or 6.50%, to $25.73 and hhgregg (NYSE:HHG) sliding 47c, or 4.46%, to $10.07. Meanwhile, Sprint lost 0.93% to $2.14. Shares of RadioShack Corporation are trading 28.35% lower today.
Lexmark International Inc (NYSE:LXK): This compares to $1.14 in Q1 of FY11. The Q1 of FY12 view excluding $0.22 per share for restructuring-related and acquisition-related adjustments. Shares of Lexmark International Inc are trading 3.19% lower today.
PACCAR Inc (NASDAQ:PCAR): Reports Q4 revenue $4.85B vs. consensus $4.24B. Shares of PACCAR Inc are trading 3.4% higher today.
Mattel, Inc. (NASDAQ:MAT): The dividend will be payable on March 9, 2012, to stockholders of record on Feb. 23, 2012. The dividend is the first of four quarterly dividends the company expects to make this year, reflecting an annualized dividend of $1.24 per share, which represents an increase of 32c or 35% versus last year’s total dividends of 92c per share. Shares of Mattel, Inc. are trading 5.89% higher today.
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