The Dow (NYSE:DIA) was flat Wednesday, as stocks still don’t know what direction they would like to go. The possibility of QE3, or lack thereof seems to be confusing investors. Furthermore, a report indicating that Pimco’s Bill Gross has sold all Treasury holdings in the world’s largest mutual fund didn’t help investor’s clarity.
These 4 companies reported earnings on Wednesday. Should you pick up shares in these companies?
1) H&R Block (NYSE:HRB): Shares jumped nearly 6% in late trading as the company reported better than expected results. For the most recent quarter, the tax preparer reported a $12.7 million (4 cents per share) loss. However, adjusted for one time chargers, the company reported a 14 cents per share profit. Analysts were only expecting about a 4 cents per share profit.
2) Molycorp, Inc (NYSE:MCP): The owner of the largest rare earth deposit outside of China reported fourth quarter results after the bell on Wednesday. Revenue grew from $2.2 million in last year’s fourth quarter to $21.7 million this year. The company still reported a loss of $7.9 million, but it was still an improvement from last’s $9.1 million loss.
3) American Eagle Outfitters (NYSE:AEO): The apparel and accessories retailer reported a 47% boost in net income for the fourth quarter. Net earnings of 44 cents per share beat analysts estimates by 1 cent. Shares climbed over 5% during regular market hours, and continued to tick up after the closing bell.
4) E-Commerce China Dangdang Inc. (NYSE:DANG): The new kid on the Wall Street block reported fourth quarter earnings per share of 3 cents. It was good enough to beat analysts estimates by one penny. Revenue for the fourth quarter increased 58.7% to $107.7 million. Shares currently trade at $24.10, well below its first day closing trade price of $29.91.
Disclosure: No positions