Numbers are Actual vs. EstimateExcellent Reports
- Goodrich Corp. (NYSE: GR) 78c vs. 67c
- Goodrich profits increased on a jump in sales of aircraft equipment to Boeing and Airbus. The company said margin expansion associated with sales growth and improved operating efficiencies are primary reasons for a continued positive outlook.
- International Paper Company (NYSE: IP) 47c vs. 35c
- The company's profits rose on a gain from the sale of its U.S. forestlands and a strong operating profit from its industrial packaging unit. IP is transforming operations to focus on its global uncoated papers and packaging business.
- Starwood Hotels & Resorts Worldwide (NYSE: HOT) 92c vs. 73c
- Higher room rates helped to contribute to a strong quarter for the parent of hotel chains including St. Regis, Westin and Sheraton. The company has been enjoying strong travel demand and limited growth in supply. It has also been selling hotels and retaining management contracts to free up cash.
- Electronic Arts (NASDAQ: ERTS) 63c vs. 57c
- The video game publisher had a 38% drop in quarterly profit but beat Wall Street targets, overcoming investor anxiety that holiday shortages of new video game consoles would hurt sales. Shares rose 6% on the news. Company CFO Warren Jenson said EA was entering a growth period.
On the Fence
- Anheuser-Busch (NYSE: BUD) 25c vs. 25c
- Shares were up slightly as profit rose on stronger shipments of beer, higher process and demand for its imports. The company saw domestic beer segment sales fall due to lower beer sales volume. It's been working to capitalize on the popularity of imported and craft beers which have taken market share from domestic beers.
- Google Inc (NASDAQ: GOOG) $3.00 vs. $2.92
- Although they outperformed the consensus estimate, the markets expected more of a blowout and the stock dropped 4% in trading the following day.
- Sysco Corporation (NYSE: SYY) 38c vs. 38c
- The company blamed winter storms in parts of the U.S. for dragging down sales. It has also conducted reviews of thousands of its food distribution contracts to look for ways to increase sales.
- Allstate Corporation (NYSE: ALL) $1.78 vs. $1.84
- The largest trade U.S. home and auto insurer had its biggest drop in almost four years after reporting higher-than expected fourth quarter claims. The stock fell 6%, the largest one day decline since February 2003.
- MBIA Inc (NYSE: MBI) $1.31 vs. $1.47
- The world's biggest bond insurer saw profit fall amid a drop in premiums as customers saw less reason to insure their debt. Cities, counties and other government bond issuers, their biggest pool of clients, have been refinancing debt to take advantage of lower interest rates, forgoing the purchase of insurance on new debt, preferring additional yields on uninsured bonds.
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