Earnings Roundup For October 18

Harley-Davidson Inc

reported a strong rise in its third-quarter profit on Tuesday. Harley-Davidson's quarterly profit climbed to $183.6 million, or $0.78 per share, from $88.8 million, or $0.38 per share, in the year-earlier period. Its revenue surged to $1.23 billion from $1.09 billion. However, analysts were expecting earnings of $0.76 per share on sales of $1.3 billion. EMC Corp

reported a rise in its third-quarter profit on Tuesday. EMC's quarterly profit surged to $605.7 million, or $0.27 per share, from $472.52 million, or $0.22 per share, in the year-earlier period. Its adjusted net income came in at $0.37 per share. EMC's revenue gained to $4.98 billion, from $4.21 billion. However, analysts were expecting earnings of $0.36 per share on revenue of $4.92 billion. EMC projects 2011 adjusted earnings to exceed $1.48 per share, versus analysts' estimates of $1.48 per share. Johnson & Johnson

reported a decline in its third-quarter profit on Tuesday. Johnson & Johnson's quarterly profit dropped to $3.2 billion, or $1.15 per share, from $3.4 billion, or $1.23 per share, in the year-earlier period. Its adjusted earnings came in at $1.24 per share. Johnson & Johnson's sales surged 6.8% to $16 billion. However, analysts were expecting earnings of $1.20 per share on revenue of $16 billion. Johnson & Johnson projects 2011 earnings of $4.95 to $5 per share, versus analysts' estimates of $4.96 per share. Coca-Cola Co

reported a rise in its third-quarter profit on Tuesday. Coca-Cola's quarterly profit increased to $2.22 billion, or $0.95 per share, from $2.06 billion, or $0.88 per share, in the year-earlier period. On an adjusted basis, Coca-Cola's earnings came in at $1.03 per share. Its revenue climbed to $12.25 billion from $8.43 billion. However, analysts were expecting earnings of $1.02 per share on sales of $12.05 billion. Goldman Sachs Group Inc

swung to a third-quarter loss on Tuesday. Goldman Sachs posted a quarterly loss of $393 million, or $0.84 per share, versus a profit of $1.74 billion, or $2.98 per share, in the year-ago period. Its net revenue declined to $3.59 billion, from $8.90 billion. However, analysts were expecting a loss of $0.15 per share on net revenue of $4.59 billion. UnitedHealth Group Inc

reported a decline in its third-quarter net profit on Tuesday. UnitedHealth Group's quarterly net profit dropped to $1.271 billion, or $1.17 per share, from $1.277 billion, or $1.14 per share, in the year-ago period. The company repurchased 18 million shares in the same period. The company's total revenue climbed 6% to $25.3 billion. However, analysts were expecting earnings of $1.12 per share on revenue of $25.4 billion. UnitedHealth Group now projects 2011 earnings forecast in a range of $4.40 to $4.45 per share and revenue to exceed $101 billion. The company had earlier projected earnings of $4.15 to $4.25 per share. Check Point Software Technologies Ltd

reported a 17% rise in its third-quarter earnings. Check Point reported its quarterly profit at $134.1 million, or $0.63 per share, up from $114.5 million, or $0.54 per share, in the year-ago period. Excluding stock-based compensation and other items, Check Point's earnings came in at $0.72 per share. Its revenue gained 13% to $308.3 million. The company had projected adjusted earnings of $0.67 to $0.70 per share on revenue between $300 million and $308 million. Polaris Industries Inc

reported stronger-than-expected third-quarter results and lifted its 2011 forecast. Polaris projects 2011 profit of $3.10 to $3.16 per share on sales growth of 30% to 32%. Polaris' quarterly net income climbed to $67.6 million, or $0.95 per share, from $47.2 million, or $0.69 per share, in the year-ago period. Its sales surged 26% to $729.9 million. However, analysts were expecting earnings of $0.84 per share on revenue of $693.1 million. Jakks Pacific Inc

reported downbeat third-quarter earnings on Tuesday. Jakks Pacific reported its quarterly earnings at $34.8 million, or $1.10 per share, down from $40.4 million, or $1.23 per share, in the year-ago period. Excluding items, Jakks Pacific's earnings came in at $1.11 per share. Its sales declined 5% to $332.4 million. However, analysts were expecting earnings of $1.24 per share on sales of $356.6 million. For the year, Jakks Pacific continues to project earnings of $1.32 to $1.35 per share on sales of $770 to $775 million. However, analysts were expecting earnings of $1.42 per share on sales of $778.2 million. Bank of America Corp

swung to a profit in its third-quarter on Tuesday. Bank of America reported its quarterly profit at $6.2 billion, or $0.56 per share, versus a year-ago loss of $7.3 billion, or $0.77 per share. Its adjusted revenue surged to $28.7 billion. However, analysts were expecting earnings of $0.28 per share on revenue of $25.75 billion. Omnicom Group Inc

reported a 17% rise in its third-quarter profit on Tuesday. Omnicom's quarterly profit surged to $203.7 million, or $0.72 per share, from $174.6 million, or $0.57 per share, in the year-earlier period. Omnicom's revenue rose 12.9% to $3.38 billion. However, analysts were expecting earnings of $0.70 per share on revenue of $3.32 billion. Domino's Pizza Inc

reported a 33% rise in its fiscal third-quarter net income. Domino's reported its quarterly earnings at $22.1 million, or $0.36 per share, up from $16.6 million, or $0.27 per share, in the year-ago period. Excluding impact of a higher share count, Domino's earnings came in at $0.35 per share. However, analysts were expecting earnings of $0.34 per share. Its revenue climbed 8% to $376.3 million from $347.4 million, versus analysts' estimates of $372.5 million. Parker Hannifin Corp

reported a stronger-than-expected quarterly profit and lifted its full-year profit projections. Parker Hannifin net earnings surged 20% to $298.1 million, or $1.91 per share, in the fiscal first quarter, from $249 million, or $1.51 per share, in the year-ago period. However, analysts were expecting a profit of $1.69 per share. Parker Hannifin's sales surged 14% to $3.23 billion. Parker Hannifin lifted its FY12 profit forecast to a range of $7.25 to $7.85 per share, versus its earlier target of $6.70 to $7.50 per share. However, analysts were expecting profit of $7 per share. WW Grainger Inc

reported a rise in its quarterly profit on Tuesday. Grainger reported a quarterly net profit at $182.1 million, or $2.51 per share, up from $150.4 million, or $2.06 per share, in the year-ago period. Its revenue surged to $2.1 billion from $1.9 billion. Forest Laboratories Inc

reported a decline in its fiscal second-quarter earnings on Tuesday. Forest Laboratories' quarterly net profit dropped to $249.8 million, or $0.91 per share, from $286.1 million, or $1 per share, in the year-ago quarter. Its revenue surged to $1.17 billion from $1.04 billion. However, analysts were expecting earnings of $0.99 per share on revenue of $1.16 billion. State Street Corp

reported a rise in its third-quarter profit on Tuesday. State Street's quarterly profit rose to $555 million, from $546 million, in the year-ago period. On a per-share basis, its earnings came in at $0.96 per share. State Street's revenue gained 5.1% to $2.43 billion. However, analysts were expecting a profit of $0.88 per share on revenue of $2.38 billion. UniFirst Corp

reported a 4.2% rise in its fiscal fourth-quarter earnings and issued downbeat 2012 earnings forecast. UniFirst reported its quarterly income at $18 million, or $0.90 per share, up from $17.3 million, or $0.87 per share, in the year-ago period. Its revenue climbed 14% to $290.9 million. However, analysts were expecting earnings of $0.84 per share on revenue of $284 million. UniFirst projects earnings of $3.65 to $3.95 on revenue of $1.2 billion to $1.22 billion. However, analysts were expecting earnings of $4.01 per share on revenue of $1.21 billion. Whitbread PLC

reported a 38% surge in its net profit for the first six months of the year. Whitbread's net profit for the period surged to £159.7 million ($252 million), from £116.4 million, in the year-earlier period. Its revenue gained to £891.3 million. India's HCL Technologies Ltd reported a 50% surge in its Q1 net profit. Based on U.S. accounting standards, HCL Technologies' consolidated net profit for the period surged to INR4.97 billion, from INR3.31 billion, in the year-ago period. Its profit dropped 2.7% from the prior three months. HCL Technologies' consolidated sales surged more than 25% to INR46.51 billion, from INR37.08 billion. On a sequential basis, the company's revenue gained 8.2%. However, analysts were expecting a net profit of INR4.87 billion on revenue of INR47.88 billion. China Overseas Land & Investment Ltd

reported a 47% rise in its operating profit for the January-September period. China Overseas Land's operating profit for the period gained to HK$16.73 billion. Its revenue climbed 38% to HK$35.79 billion. China Overseas Land reported operating profit at HK$5.79 billion and revenue at HK$13.91 for the three months ended September 30.