Earnings Roundup

MasterCard Inc (NYSE: MA) reported a 33% rise in its second-quarter profit. MasterCard reported its quarterly profit at $608 million, or $4.76 per share, up from $458 million, or $3.49 per share, in the year-earlier period. However, analysts were expecting earnings of $4.22 per share. Its net revenue climbed 22% to $1.7 billion.

Time Warner Inc (NYSE; TWX) released its results for the second quarter on Wednesday. Time Warner reported its quarterly profit at $638 million, or $0.59 per share, up from $562 million, or $0.49 per share, in the year-earlier period. Its revenue climbed to $7.03 billion from $6.38 billion. On an adjusted basis, Time Warner's earnings came in at $0.60 per share. However, analysts were expecting earnings of $0.56 per share on revenue of $6.81 billion.

Comcast Corp (NASDAQ: CMCSA) reported a 15% rise in its second-quarter profit. Comcast reported its quarterly profit at $1.02 billion, or $0.37 per share, up from $884 million, or $0.31 per share, in the year-earlier period. The company's revenue jumped 51% y/y to $14.3 billion, from $9.53 billion. Excluding items, Comcast's earnings came in at $0.42 per share. However, analysts were expecting earnings of $0.41 per share on revenue of $13.65 billion.

Clorox Co (NYSE: CLX) posted a 1% drop in its FQ4 net income on Wednesday. Clorox reported its quarterly earnings at $169 million, or $1.26 per share, down from $171 million, or $1.20 per share, in the year-ago period. Its sales climbed 3.7% to $1.48 billion. However, analysts were expecting earnings of $1.19 per share on revenue of $1.47 billion.

Marsh & McLennan Companies Inc (NYSE: MMC) reported a 19% rise in its second-quarter net income. Marsh & McLennan reported its quarterly net income at $282 million, or $0.50 per share, up from $236 million, or $0.43 per share, in the year-earlier period. Its adjusted earnings came in at $0.50 per share. The company's revenue climbed 12% to $2.9 billion. However, analysts were expecting earnings of $0.48 per share and revenue of $2.82 billion.

Quanta Services Inc (NYSE: PWR) released its results for the second quarter on Wednesday. Quanta Services reported its quarterly net income at $34.3 million, or $0.15 per share, versus income of $33.3 million, or $0.16 per share, in the year-earlier period. Excluding items, its earnings came in at $0.19 per share. Its revenue climbed 16% y/y to $1.01 billion, from $870.5 million. However, analysts were expecting earnings of $0.15 per share on revenue of $955.4 million. Quanta Services expects full-year revenue between $4.3 billion and $4.6 billion and earnings between $0.80 and $0.90 per share.

Constellation Energy Group Inc (NYSE: CEG) reported downbeat second-quarter earnings and lowered its full-year earnings forecast on Wednesday. Constellation Energy posted its quarterly net profit at $108.1 million, or $0.49 per share, up from $83.8 million, or $0.36 per share, in the year-ago period. Excluding items, the company's earnings came in at $0.76 per share. Its revenue climbed about 1% to $3.35 billion. Analysts were expecting earnings of $0.84 per share on revenue of $3.86 billion. Constellation Energy lowered its 2011 profit projections by $0.05 per share to $3.05 to $3.35 per share. Analysts were expecting earnings of $3.20 per share.

Nicor Inc (NYSE: GAS) reported a decline in its second-quarter net income on Wednesday. Nicor reported its quarterly net income at $19.2 million, or $0.42 per share, down from $24.2 million, or $0.53 per share, in the year-ago period. Its revenue surged 12% y/y to $477 million from $425.6 million. However, analysts were expecting earnings of $0.31 per share on revenue of $396 million. Nicor projects 2011 diluted earnings per share in the range of $2.30 to $2.50.

R.R. Donnelley & Sons Co (NYSE: RRD) reported a decline in its second-quarter profit. RRD reported its quarterly profit at $12.2 million, or $0.06 per share, down from $88.8 million, or $0.42 per share, in the year-ago period. Its revenue climbed 8.9% to $2.62 billion. Excluding one-time costs, the company's earnings came in at $0.53 per share. However, analysts were expecting earnings of $0.52 per share on revenue of $2.66 billion.

Dunkin' Brands Group Inc (NASDAQ: DNKN) reported a 1% decline in its second-quarter profit. Dunkin' Brands reported its quarterly profit at $17.2 million, down from $17.3 million, in the year-ago period. Its revenue surged 4.4% to $157 million. Revenue from Dunkin' Donuts gained 6.3% in the US and 17.3% internationally. However, revenue from Baskin Robbins dropped 5.8% in the US and rose 8% internationally.

Garmin Ltd (NASDAQ: GRMN) reported a 19% drop in its second-quarter earnings. Garmin reported its quarterly profit at $109.5 million, or $0.56 per share, down from $134.8 million, or $0.67 per share, in the year-ago period. Excluding items, Garmin's earnings came in at $0.63 per share. Its revenue declined 7.5% to $674 million. However, analysts were expecting earnings of $0.68 per share on revenue of $637 million. Garmin also lowered its full-year earnings forecast to $2 to $2.15 per share, but it lifted its revenue forecast to $2.5 billion to $2.6 billion, from $2.25 billion to $2.5 billion.

Public Service Enterprise Group Inc (NYSE: PEG) released its results for the second quarter on Wednesday. PSEG reported its quarterly earnings at $323 million, or $0.63 per share, up from $224 million, or $0.44 per share, in the year-earlier period. Its adjusted earnings came in at $0.63 per share. However, analysts were expecting earnings of $0.54 per share on revenue of $2.3 billion. PSEG affirmed its 2011 operational earnings forecast in the range of $2.50 to $2.75 per share.

SPX Corp (NYSE: SPW) reported a decline in its second-quarter profit. SPX reported its quarterly profit at $34.3 million, down from $78.8 million, in the year-ago period. Its revenue climbed 16% to $1.38 billion. The company's earnings per share dropped to $0.67 from $1.57. SPX's adjusted earnings came in at $0.91 per share. However, analysts were expecting adjusted earnings of $0.91 per share on revenue of $1.33 billion.

El Paso Electric Co (NYSE: EE) reported upbeat second-quarter earnings and narrowed its full-year net profit forecast. El Paso Electric reported its quarterly net income at $33.0 million, or $0.78 per share, versus analysts' estimates of $0.63 per share. El Paso Electric now expects full-year net profit of $2.20 to $2.50 per share, versus its earlier forecast of $2.10 to $2.50 per share. Analysts were expecting earnings of $2.25 per share.

TRW Automotive Holdings Corp (NYSE: TRW) reported a 29% surge in its second-quarter earnings and raised its full-year sales forecast. TRW reported its quarterly profit at $293 million, or $2.21 per share, up from $227 million, or $1.78 per share, in the year-ago period. Excluding one-time items, TRW's earnings came in at $1.99 per share. However, analysts were expecting earnings of $1.71 per share. Its sales rose 16% to $4.23 billion, versus analysts' estimates of $4.04 billion. TRW raised its full-year sales forecast to between $16.2 billion and $16.4 billion, up from its earlier forecast of $15.7 billion to $16 billion. TRW projects Q3 sales of $3.9 billion, versus analysts' estimates of $3.83 billion.

PolyOne Corp (NYSE: POL) reported a 41% decline in its second-quarter profit. PolyOne reported its quarterly net income at $28.5 million, or $0.30 per share, down from $48.1 million, or $0.50 per share, in the year-ago period. Excluding one-time items, PolyOne's earnings came in at $0.31 per share. Its revenue climbed 11% to $768.8 million. Analysts were expecting revenue of $778.1 million.

KKR & Co (NYSE: KKR) reported a 25% drop in its Q2 profit on Wednesday. KKR's profit, excluding some costs, declined to $245.3 million, or $0.36 per share, from $328.1 million, or $0.48 per share, in the year-ago period. However, analysts were expecting a profit of $0.41 per share.

Devon Energy Corp (NYSE: DVN) reported a strong rise in its second-quarter profit. Devon Energy reported its quarterly profit at $2.74 billion, or $6.48 per share, up from $706 million, or $1.58 per share, in the year-ago period. Excluding one-time items, Devon's earnings came in at $1.71 per share. The recent quarter results included a $2.5 billion gain from the sale of its Brazilian assets. Its revenue surged 44% to $3.22 billion. However, analysts were expecting earnings of $1.54 per share on revenue of $2.38 billion.

Standard Chartered PLC (OTC: SCBFF) reported a 20% rise in its first-half net profit. Standard Chartered's net profit surged to US$2.52 billion, from $2.10 billion, in the year-ago period. Analysts were expecting a profit of US$2.42 billion. Its revenue climbed to US$8.76 billion from $7.92 billion. Standard Chartered's consumer banking revenue increased 15%, while wholesale banking revenue gained 9%.

Yamaha Motor Co (OTC: YAMHY) reported a 5% decline in its net profit for the April-June quarter. Yamaha Motor reported a quarterly net profit at Y15.5 billion, down from Y16.3 billion, in the year-ago quarter. Its sales dropped 6% y/y to Y344.5 billion from Y366.3 billion. For the full year, Yamaha Motor lifted its net profit forecast to Y35 billion, up from its earlier estimate of Y20 billion.

Societe Generale SA (OTC: SCGLY) reported a 31% decline in its second-quarter net profit. Societe Generale's quarterly net profit dropped to 747 million euros ($1.06 billion). Analysts were expecting a net profit of 993 million euros. The group's net banking income climbed 1% to 6.49 billion euros.

Taylor Wimpey PLC (OTC: TWODF) swung to a first-half pretax profit. Taylor Wimpey posted a pretax profit at GBP28.9 million, versus a loss of GBP2.3 million, in the year-ago period.

Legal & General Group PLC (OTC: LGGNY) reported a 3.5% decline in its operating profit for the six months ended June 30. Legal & General's operating profit on an IFRS basis dropped to GBP523 million, from GBP542 million, in the year-ago period. Analysts were expecting an operating profit of GBP508 million. Legal & General generated net cash of GBP427 million, versus GBP373 million, in the year-ago period.