Earnings Roundup

General Motors Co GM reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts were expecting earnings of $1.18 per share on revenue of $36.71 billion. GM sold 2.3 million vehicles in the second quarter, up 7% from a year-ago period. Kraft Foods Inc KFT reported a 4.2% rise in its second-quarter profit and raised its projections for the year. Kraft's quarterly profit rose to $976 million, or $0.55 per share, from $937 million, or $0.53 per share, in the year-ago period. Its revenue climbed 13% to $13.88 billion. Kraft's operating earnings per share came in at $0.62. However, analysts were expecting operating earnings of $0.58 per share on revenue of $13.08 billion. Kraft raised its forecast for organic net revenue growth for the year to at least 5%, versus at least 4%. It also lifted its operating earnings outlook to at least $2.25 per share, versus at least $2.20 per share. Analysts were expecting operating earnings of $2.23 per share. El Paso Corp EP reported upbeat second-quarter earnings. El Paso reported its quarterly earnings at $262 million, or $0.34 per share, up from $157 billion, or $0.21 per share, in the year-earlier period. Its revenue climbed 21% y/y to $1.23 billion. El Paso's adjusted earnings came in at $0.25 per share. Analysts were expecting earnings of $0.24 per share on revenue of $1.19 billion. Southwest Airlines Co LUV reported weaker-than-expected second-quarter profit. Southwest reported its quarterly net income at $161 million, or $0.21 per share, up from $112 million, or $0.15 per share, in the year-earlier period. Southwest Airlines' adjusted profit came in at $0.15 per share. Its revenue surged to $4.14 billion from $3.17 billion. However, analysts were expecting earnings of $0.21 per share on revenue of $4.01 billion. Cigna Corp CI reported a 39% rise in its second quarter profit. Cigna's quarterly profit surged to $408 million, or $1.50 per share, from $294 million, or $1.06 per share, in the year-ago period. Its adjusted profit came in at $1.53 per share. The company's consolidated revenue climbed to $5.51 billion from $5.35 billion. However, analysts were expecting earnings of $1.29 per share on revenue of $5.32 billion. CVS Caremark Corp CVS reported a drop in its second-quarter earnings. CVS reported its quarterly earnings at $816 million, or $0.60 per share, down from $821 million, or $0.60 per share, in the year-earlier period. Its revenue climbed to $26.63 billion from $24 billion. However, analysts were expecting earnings of $0.64 per share on revenue of $26.76 billion. CVS narrowed its 2011 adjusted earnings forecast from continuing operations to $2.75 to $2.81 per share, versus analysts' estimates of $2.78 per share. Cardinal Health CAH reported a 9% decline in its fourth-quarter profit. Cardinal Health's quarterly profit dropped to $202.7 million, or $0.57 per share, from $223.5 million, or $0.62 per share, in the year-earlier period. Its adjusted earnings came in at $0.59 per share. Its revenue surged 9% to $26.8 billion. However, analysts were expecting earnings of $0.58 per share on revenue of $26.2 billion. Cardinal Health projects 2012 adjusted earnings of $3.04 to $3.19 per share. NRG Energy Inc NRG reported a rise in its second-quarter profit. NRG reported its quarterly profit at $621 million, or $2.53 per share, up from $211 million, or $0.81 per share, in the year-earlier period. Its revenue climbed to $2.28 billion from $2.13 billion. Analysts were expecting earnings of $0.38 per share on revenue of $2.2 billion. NRG lifted its 2011 stock repurchase program by $250 million. DirecTV Group DTV reported a rise in its profit rose for the second quarter. DirecTV's quarterly net income climbed to $701 million, or $0.91 per share, up from $543 million, or $0.42 per share, in the year-ago period. Its revenue surged to $6.6 billion, versus analysts' estimates of $6.5 billion. DirecTV added 26,000 US subscribers in the quarter. Church & Dwight Co CHD reported an 11% surge in its second-quarter earnings. Church & Dwight reported its quarterly profit at $82.6 million, or $0.57 per share, up from $74.3 million, or $0.51 per share, in the year-ago period. However, analysts were expecting earnings of $0.56 per share. Its net sales rose 5.3% to $674.9 million. Alpha Natural Resources Inc ANR swung to a second-quarter loss. Alpha posted a quarterly loss of $56.4 million, or $0.36 per share, versus a year-ago profit of $38.8 million, or $0.32 per share. Excluding one-time items, Alpha's income from continuing operations came in at $0.96 per share. Its revenue climbed 59% to $1.59 billion. However, analysts were expecting earnings of $1.08 per share on revenue of $1.51 billion. Fortune Brands Inc FO reported a drop in Q2 earnings from continuing operations. Fortune's earnings from continuing operations, excluding charges and gains, came in at $0.71 per share, versus $0.74 per share, in the year-ago period. Fortune's net income rose to $330 million, or $2.09 per share, from $229.4 million, or $1.49 per share, in the year-ago period. Its sales from continuing operations climbed 5% to $1.59 billion. Cooper Tire & Rubber Co CTB reported a 74% drop in its second-quarter profit. Cooper Tire reported its quarterly earnings at $11.5 million, or $0.18 per share, down from $44.1 million, or $0.70 per share, in the year-ago period. Its revenue climbed 15% to $922 million. However, analysts were expecting earnings of $0.41 per share on revenue of $980 million. SCANA Corp SCG reported downbeat second-quarter earnings. SCANA posted its quarterly profit at $56 million, or $0.44 per share, up from $54 million, or $0.43 per share, in the year-ago period. Its revenue surged 6.5% to $1 billion. However, analysts were expecting earnings of $0.48 per share on revenue of $918 million. SCANA's operating margin narrowed to 14.2% from 14.6%. Swiss Reinsurance Co SWCEY reported an 18% rise in its second-quarter net profit. Swiss Reinsurance reported its quarterly net profit at $960 million, or $2.74 per share, up from $812 million, or $1.85 per share, in the year-earlier period. Its revenue surged 41% to $7.4 billion. However, analysts were expecting a net profit of $548.4 million. Lloyds Banking Group PLC LYG swung to a first-half net loss on Thursday. Lloyds Banking posted a net loss of 2.31 billion pounds ($3.79 billion), versus a profit of 596 million pounds, in the year-ago period. In its core business, its pretax profit dropped 28% to 2.66 billion pounds and declined 6% on an underlying basis to 2.9 billion pounds. Rio Tinto Ltd RIO reported a 30% rise in its first-half net profit. Rio Tinto reported its net profit at $7.59 billion. Its revenue surged to $29.1 billion, from $24.5 billion, in the year-ago period. It also increased its share buy-back program by $2 billion to $7 billion. ING Groep NV ING reported a 24% rise in its second-quarter net profit. ING's quarterly net profit surged to 1.51 billion euros ($2.16 billion). However, analysts were expecting a net profit of 1.44 billion euros. Aviva PLC AIVAF reported a 5% surge in its first-half operating profit. Aviva's operating profit on an IFRS basis rose to GBP1.34 billion, from GBP1.27 billion, in the year-ago period. However, analysts were expecting an operating profit of GBP1.28 billion. Aviva also lifted its interim dividend by 5% to 10 pence per share, versus 9.5 pence, in the year-ago period. Unilever NV UN reported a 10% rise in its first half earnings. Unilever's net profit surged to euro2.235 billion ($3.12 billion), from euro2.035 billion, in the year-ago period. Its sales climbed 4.1% to euro22.1 billion. Unilever said "underlying" sales growth was 7.1% in the second quarter. Unilever's Q2 total sales climbed to EUR11.93 billion, from EUR11.75 billion, in the year-ago period. Deutsche Telekom AG DTEGY reported a decline in its second-quarter operating profit. Deutsche Telekom's earnings before interest, taxes, depreciation, amortization and one-off items, or adjusted EBITDA, fell 2.6% to EUR3.79 billion. Its sales dropped 3.3%. Deutsche Telekom's European unit reported an 8% decline in its operating profit.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
▲▼
ticker
▲▼
name
▲▼
Actual EPS
▲▼
EPS Surprise
▲▼
Actual Rev
▲▼
Rev Surprise
▲▼
Posted In: EarningsNewsPre-Market OutlookMarketsAirlinesAutomobile ManufacturersBroadcasting & Cable TVCoal & Consumable FuelsConsumer DiscretionaryConsumer StaplesDiversified BanksDiversified Metals & MiningDrug RetailEarnings RoundupEnergyFinancialsHealth CareHealth Care DistributorsHousehold ProductsHousewares & SpecialtiesIndustrialsManaged Health CareMaterialsOil & Gas Storage & TransportationOther Diversified Financial ServicesPackaged Foods & MeatsTires & RubberUtilities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!