Market Overview

Earnings Roundup

Gannett Co Inc (NYSE: GCI) reported a drop in its fourth-quarter profit. Gannett's quarterly profit declined to $116.9 million, or $0.49 per share, from $174.1 million, or $0.72 per share, in the year-earlier period. The company's adjusted profit came in at $0.72 per share. Its revenue fell 5% to $1.39 billion. However, analysts were expecting earnings of $0.68 per share on revenue of $1.39 billion.

Wendy's Co (NYSE: WEN) reported a drop in its fourth-quarter income from continuing operations. Wendy's quarterly income from continuing operations declined to $4.3 million, or a penny per share, down from $6.1 million, or a penny per share, in the year-earlier period. Its adjusted profit came in at $0.04 per share. Wendy's revenue rose 5.6% to $615 million. However, analysts were expecting earnings of $0.04 per share on revenue of $612.8 million.

Wolverine World Wide Inc (NYSE: WWW) reported a drop in its fourth-quarter profit and issued downbeat 2012 profit forecast. Wolverine World Wide projects 2012 earnings of $2.60 to $2.70 per share, on revenue of $1.49 billion to $1.53 billion. However, analysts were projecting earnings of $2.72 per share, on revenue of $1.52 billion. Wolverine World Wide's quarterly profit dropped to $23.0 million, or $0.47 per share, versus $25.6 million, or $0.52 per share, in the year-ago period. Its revenue gained 5.6% to $406.5 million. Analysts were expecting earnings of $0.46 per share on revenue of $409.6 million.

Royal Philips Electronics swung to a net loss. Philips posted a quarterly net loss of EUR162 million on sales of EUR6.71 billion. Philips posted a net profit of EUR463 million on sales of EUR6.5 billion in the year-ago quarter.

Haemonetics Corp (NYSE: HAE) reported better-than-expected third-quarter results. Haemonetics' quarterly net income rose to $18.3 million, or $0.72 per share, from $19.7 million, or $0.77 per share, in the year-ago period. Haemonetics earned $0.86 per share excluding special items, versus analysts' estimates of $0.80 per share. Its revenue climbed 8% to $191.2 million, versus analysts' estimates of $186.2 million.

Microstrategy Incorporated (NASDAQ: MSTR) reported downbeat Q4 earnings. Microstrategy posted its quarterly profit of $0.81 per share on revenue of $160.3 million. However, analysts were expecting earnings of $0.95 per share on revenue of $160.7 million.

Canon Inc (NYSE: CAJ) reported a 14% rise in its net profit for the fiscal fourth quarter. Canon's quarterly net profit surged to Y61.44 billion, versus Y53.96 billion, in the year-ago period. Its operating profit gained 14% to Y94.61 billion versus Y82.85 billion. However, its revenue dropped 9.7% to Y964.76 billion from Y1.068 trillion. Canon projects its 2012 net profit to rise by 0.6% to Y250 billion. It also projects a 5.4% surge in revenue to Y3.750 trillion.

Posted-In: Earnings RoundupEarnings News Pre-Market Outlook Markets

 

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