Earnings Roundup

Dollar Thrifty Automotive Group Inc DTG reported a 0.6% rise in its second-quarter net profit. Dollar Thrifty's quarterly net profit increased to $42.5 million, from $42.3 million, in the year-ago period. Its revenue dropped 0.3% to $395.1 million. Dollar Thrifty's earnings per share declined to $1.36 from $1.40. Its adjusted earnings came in at $1.35 per share. However, analysts were expecting earnings of $1.37 per share on revenue of $408.57 million. Tyson Foods Inc TSN reported a decline in its fiscal third-quarter earnings. Tyson Foods reported its quarterly earnings at $188 million, or $0.51 per share, down from $242 million, or $0.65 per share, in the year-earlier period. The latest quarter earnings included a 5-cents-per-share income tax reduction. Its sales surged to $8.25 billion from $7.44 billion. However, analysts were expecting earnings of $0.40 per share on sales of $8.27 billion. Tyson Foods's chicken segment projects a loss in the fourth quarter. Scotts Miracle-Gro Company SMG reported a 37% drop in its third-quarter profit. Scotts Miracle-Gro reported its quarterly profit at $111.6 million, or $1.69 per share, down from $175.9 million, or $2.65 per share, in the year-earlier period. Its adjusted earnings came in at $1.91 per share. Scotts Miracle-Gro's sales declined 10% to $1.06 billion. However, analysts were expecting earnings of $2.24 per share on sales of $1.12 billion. Scotts Miracle-Gro now projects adjusted 2011 earnings of $2.95 to $3.05 per share, versus analysts' estimates of $3.19 per share. It also lifted its quarterly dividend to $0.30 per share from $0.25 per share. Quicksilver Resources Inc KWK reported upbeat second-quarter results. Quicksilver reported its quarterly net income at $109 million, or $0.61 per share, up from $87 million, or $0.49 per share, in the year-ago period. Excluding items, Quicksilver's earnings came in at $0.07 per share. Quicksilver's revenue surged 9% to $248 million. However, analysts were expecting earnings of $0.05 per share on revenue of $218.8 million. Quicksilver projects Q3 production volumes to increase 3% sequentially to 425-435 million cubic feet equivalent per day (mmcfed). Dynegy Inc DYN released its results for the second quarter loss on Monday. Dynegy reported a quarterly loss at $116 million, or $0.95 per share, versus a year-ago loss of $191 million, or $1.59 per share. Dynegy's adjusted EBITDA dropped to $102 million from $124 million. However, analysts were expecting a loss of $0.49 per share. Its revenue surged 36% to $326 million. American States Water Company AWR reported its Q2 EPS at $0.68, versus the estimates of $0.57. AWR reported its revenue at $109.8 million, versus the estimates of $105.88 million. Beacon Roofing Supply Inc BECN reported better-than-expected third-quarter results. Beacon Roofing Supply reported its quarterly net income at $24.1 million, or $0.51 per share, up from $16.3 million, or $0.35 per share, in the year-ago period. Its sales climbed 14% to $541 million. However, analysts were expecting earnings of $0.46 per share on revenue of $497 million. Rosetta Resources Inc ROSE reported its Q2 EPS at $0.48, versus the estimates of $0.46. ROSE reported its revenue at $111.6 million, versus the estimates of $106.86 million. BroadSoft Inc BSFT reported its Q2 EPS at $0.29, versus the estimates of $0.12. BSFT reported its revenue at $32.2 million, versus the estimates of $28.77 million. BioScrip Inc BIOS reported its Q2 EPS at $0.10, versus the estimates of $0.08. BIOS reported its revenue at $441.4 million, versus the estimates of $441.08 million. Targa Resources Partners LP NGLS reported its Q2 EPS at $0.55, versus the estimates of $0.38. Core-Mark Holding Company Inc CORE reported its Q2 EPS at $0.81, versus the estimates of $0.86. CORE reported its revenue at $2.04 billion, versus the estimates of $2.10 billion. Silver Wheaton Corp SLW reported its Q2 EPS at $0.42, versus the estimates of $0.46. SLW reported its revenue at $194.8 million, versus the estimates of $221.32 million. South Jersey Industries Inc SJI reported its Q2 EPS at $0.20, versus the estimates of $0.28. SJI reported its revenue at $160.5 million, versus the estimates of $168.15 million. Bridgestone Corp BRDCY reported a 15% drop in its second-quarter net profit and raised full-year profit forecast. Bridgestone reported its quarterly net profit at Y22.7 billion, down from Y26.8 billion, in the year-ago period. Its sales rose 3.8% y/y to Y754.7 billion from Y726.8 billion. Bridgestone's operating profit dropped 11% y/y to Y37.7 billion from Y42.4 billion. For the current year ending December 31, Bridgestone raised its profit forecast to Y115 billion from Y94 billion. It also lifted its operating profit outlook to Y194 billion from Y167 billion.