Market Overview

Earnings Roundup

Coca-Cola Co (NYSE: KO) reported a decline in its fourth-quarter profit. Coca-Cola's quarterly profit dropped to $1.65 billion, or $0.72 per share, from $5.77 billion, or $2.46 per share, in the year-earlier period. Its adjusted earnings came in at $0.79 per share. Its sales climbed to $11.04 billion from $10.49 billion. However, analysts were expecting earnings of $0.77 per share on sales of 10.99 billion.

DST Systems Inc (NYSE: DST) reported better-than-expected fourth-quarter results. DST Systems' quarterly net income fell to $41.8 million, or $0.93 per share, from $93.3 million, or $2 per share, in the year-ago period. Excluding items, DST Systems earned $1.05 per share in the quarter, versus analysts' estimates of $0.96 per share. DST Systems' revenue climbed to $457.3 million, versus analysts' estimates of $436.8 million.

Church & Dwight Co Inc (NYSE: CHD) posted a rise in its fourth-quarter profit. Church & Dwight's quarterly profit surged to $63.8 million, or $0.44 per share, from $47 million, or $0.32 per share, in the year-ago period. Its net sales climbed 11.3% to $731.1 million.

Centene Corp (NYSE: CNC) reported upbeat fourth-quarter operating earnings. Centene's quarterly net income from continuing operations surged to $30.1 million, or $0.57 per share, from $25.5 million, or $0.50 per share, in the year-ago period. Its premium and service revenue surged 29% to $1.46 billion. Analysts were expecting earnings of $0.55 per share on revenue of $1.44 billion.

Becton Dickinson & Co (NYSE: BDX) reported upbeat first-quarter results, but cut its full-year profit outlook. Becton Dickinson's quarterly income from continuing operations dropped to $263.0 million, or $1.21 per share, from $315.9 million, or $1.35 per share, in the year-ago period. However, analysts were expecting earnings of $1.17 per share. Its revenue climbed 3% to $1.89 billion, versus analysts' estimates of $1.88 billion.

Littlefuse Inc (NASDAQ: LFUS) reported stronger-than-expected fourth-quarter results, but the company issued downbeat earnings forecast for the current quarter. Littlefuse projects Q1 earnings of $0.68 to $0.78 per share, versus analysts' estimates of $0.81 per share. It expects revenue of $148 million to $158 million, versus analysts' expectations of $152.8 million. Littlefuse's quarterly earnings fell to $15.2 million, or $0.70 per share, from $19.6 million, or $0.88 per share, in the year-ago period. Excluding items, the company earned $0.67 per share. Its revenue climbed 3% to $147.2 million. However, analysts were expecting earnings of $0.64 per share on revenue of $145.7 million.

Pantry Inc (NASDAQ: PTRY) reported a narrower first-quarter loss. Pantry posted a quarterly loss of $2.9 million, or $0.13 per share, versus a year-ago loss of $12.2 million, or $0.54 per share. Excluding items, Pantry posted a loss of $0.11 per share. However, analysts were expecting a loss of $0.37 per share. The company's total revenue came in at $1.96 billion, versus analysts' expectations of $1.93 billion.

Colfax Corp (NYSE: CFX) posted downbeat fourth-quarter results. Colfax posted a quarterly net loss of $16.1 million, or $0.37 per share, versus a year-ago net income of $8.7 million, or $0.20 per share. Colfax's earnings, excluding non-recurring items, came in at $0.40 per share. Colfax's sales surged 7% to $177.8 million. However, analysts were expecting earnings of $0.45 per share on revenue of $189.49 million.

RTI International Metals Inc (NYSE: RTI) reported a rise in its fourth-quarter revenue. RTI International projects 2012 net sales of abover $700 million. However, analysts were projecting revenue of $713.9 million. RTI expects capital expenditures in the range of $65 million to $75 million. RTI broke even in the fourth quarter, versus a year-ago net loss of $1.4 million, or $0.05 per share. Its revenue surged 23% to $141.9 million.

Emerson Electric Co (NYSE: EMR) reported a 23% drop in its first-quarter net profit. Emerson Electric's quarterly net earnings declined to $371 million, or $0.50 per share, from $480 million, or $0.63 per share, in the year-ago period. Its sales dropped 4% to $5.3 billion. However, analysts were expecting earnings of $0.51 per share on revenue of $5.28 billion.

Toyota Motor Corp (NYSE: TM) reported a 51% surge in its fiscal third-quarter operating profit. Toyota's quarterly operating profit surged to 149.7 billion yen ($1.95 billion), versus analysts' estimates of 93.9 billion yen. Its net profit, including earnings at its Chinese joint ventures, dropped 14% to 80.9 billion yen. For the year to March 31, Toyota raised its operating profit view to 270 billion yen, versus 200 billion yen. It also lifted its net profit outlook to 200 billion yen from 180 billion yen. However, analysts expect an annual operating profit of 330.8 billion yen.

National Australia Bank Ltd (OTC: NAUBF) reported a rise in its first-quarter cash earnings. NAB's quarterly cash earnings climbed to around 1.4 billion Australian dollars ($1.5 billion), up from A$1.3 billion, in the year-earlier period. Its statutory net attributable profit came in at A$1.6 billion.

Transurban Group (OTC: TRAUF) reported a 25% surge in its first-half profit. Transurban's net profit for the period climbed to A$93.2 million, versus A$74.7 million, in the year-ago period. Its proportional earnings before interest, tax, depreciation and amortization rose 7.5% to A$390.0 million.

Toray Industries Inc (OTC: TRYIY) reported a 26% drop in its net profit for the fiscal third quarter. The company also lowered its full-year profit forecast. Toray's quarterly net profit dropped to Y13.9 billion, from Y18.9 billion, in the year-ago period. Its sales climbed 1.6% to Y399.9 billion from Y393.5 billion, while operating profit fell 6.1% to Y25.8 billion.

BP PLC (NYSE: BP) reported a 14% surge in its Q4 adjusted net profit and announced its plans to lift the dividend. BP would lift its dividend by 14% to 8 cents a share. BP's clean replacement cost profit surged 14% to $4.99 billion, versus $4.36 billion in the year-ago quarter, and versus analysts' expectations of $4.88 billion. BP's quarterly net profit surged to $7.69 billion, from $5.57 billion, in the year-ago quarter. Its total revenue climbed to $96.34 billion from $83.99 billion. BP's diluted earnings per share came in at 39.99 cents, up from 29.28 cents the previous year.

Yara International ASA (OTC: YARIY) reported a rise in its fourth-quarter net profit. Yara's quarterly net profit climbed to NOK3.39 billion, from NOK1.57 billion, in the year-ago quarter. Its revenue surged to NOK19.64 billion, from NOK17.39 billion. However, analysts were expectinf a profit of NOK2.98 billion on revenue of NOK21.22 billion. Yara's earnings before interest, taxation, depreciation and amortization (EBITDA) rose to NOK4.98 billion, from NOK2.99 billion a year ago.

Xstrata PLC (OTC: XSRAY) reported a 12% increase in its attributable net profit for 2011. Xstrata's attributable net profit climbed to $5.79 billion. It also announced a full-year dividend of $0.40 per share, up 60% on 2010. Xstrata's earnings before interest, taxes, depreciation, and amortization gained 12% to $11.65 million, Its operating profit climbed 10% to $8.43 million. Its earnings per share came in at $1.97. Xstrata's revenue climbed 11% to $33.88 billion.

UBS AG (NYSE: UBS) reported a 76% drop in its fourth-quarter profit. UBS' quarterly profit declined to 393 million Swiss francs ($427 million), or 0.10 francs per share, versus 1.66 billion francs, or 0.43 francs per share, in the year-earlier period. However, analysts were expecting a profit of 739 million Swiss francs. UBS' total operating income dropped to 5.97 billion francs, from 7.14 billion francs, in the year-earlier period.

Glencore International PLC (OTC: GLNCY) reported a 7% rise in its 2011 net income before exceptional items. Glencore's 2011 net income before exceptional items surged to $4.1 billion. Its revenue surged 28% to $186.2 billion. However, its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) gained 4% to $6.46 billion.

Itau Unibanco Holding SA (NYSE: ITUB) reported downbeat fourth-quarter profit. Itau Unibanco's quarterly earnings dropped to 3.681 billion reais ($2.13 billion), from 3.890 billion reais, in the year-ago period. However, analsyst were expecting profit of 3.773 billion reais. Excluding one-time items, Itau Unibanco's quarterly profit came in at 3.746 billion reais. However, analysts were expecting a recurring profit of 3.773 billion reais.

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

 

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