US Stocks Report Earnings: IGT, BX, AIG, ATVI, PSMT, HANS

It is a busy Friday as 147 companies report earnings today. These companies span a wide spectrum of industries, from insurance companies like AIG, to healthcare companies like Par Pharmaceuticals, and even retail companies like Price Smart.

Among the companies releasing their earnings today, AIG (NYSE: AIG) is one of the more prominent. In their earning release today, AIG announced that they have generated profits for the second consecutive quarter. AIG was down 9.67% in today’s trading. Aside from AIG, Fannie Mae (NYSE: FNM) was another one of the more prominent companies in today’s releases. In their release, they announced that they had narrower third quarter losses but still posted $22 billion of credit losses. Fannie Mae’s shares fell 7.14%.

Another company that released earnings today was hedge fund and private equity firm, Blackstone Group LP (NYSE: BX). Blackstone Group announced narrower third quarter losses because of better depreciation of their private equity portfolio, sending their share rising 6.99%.

Activision Blizzard Inc. (NASDAQ: ATVI) reported third quarter profits despite a small drop in their revenues. Shares for Activision Blizzard rose 3.5% behind the favorable earnings report.

Par Pharmaceuticals announced earnings of 76 cents a share but their share fell 3.42% in today’s trading.

Other stocks that reported earning included Hansen Natural Corp (NASDAQ: HANS) with an increase in third quarter profit of 7.8%; Starbucks (NASDAQ: SBUX) reporting an increase in their Fiscal Fourth Quarter Profits sending their shares rising 7.21%;
International Game Technology (NYSE: IGT) which posted better than expected Fiscal Fourth Quarter earnings and stocks rising 8.73%; and PriceSmart (NASDAQ: PSMT) which announced a small drop in profits of 9.2% there by sending their shares falling 2.05%