Earnings Roundup

AutoNation Inc AN reported a 24% rise in its third-quarter net profit on Thursday. AutoNation's quarterly net profit surged to $70.7 million, or $0.48 per share, from $56.9 million, or $0.38 per share, in the year-ago period. Its revenue gained 7% to $3.5 billion. However, analysts were expecting earnings of $0.47 per share on revenue of $3.4 billion. Danaher Corp DHR reported a decline in its third-quarter net profit on Thursday. Danaher's quarterly net profit dropped to $523.4 million, or $0.74 per share, from $646.4 million, or $0.95 per share, in the year-ago period. Its adjusted earnings came in at $0.73 per share. Danaher's sales increased to $4.5 billion from $3.1 billion. However, analysts were expecting earnings of $0.70 per share on revenue of $4.4 billion. Nucor Corp NUE reported a rise in its third-quarter profit. Nucor's quarterly profit surged to $181.5 million, or $0.57 per share, from $23.5 million, or $0.07 per share, in the year-earlier period. The company's revenue gained 3% to $5.25 billion. However, analysts were expecting earnings of $0.54 per share on revenue of $4.89 billion. McGraw-Hill Cos MHP reported a 3.8% drop in its third-quarter profit. On a continuing operations basis, McGraw-Hill now projects full-year earnings of $2.81 to $2.86 per share. McGraw-Hill reported its quarterly profit at $365.6 million, or $1.21 per share, versus $379.9 million, or $1.23 per share, in the year-ago period. Its revenue fell 2.5% to $1.91 billion. However, analysts expected earnings of $1.23 per share on revenue of $2.04 billion. AT&T Inc T reported a 71% drop in its third-quarter earnings. AT&T reported its quarterly profit at $3.62 billion, or $0.61 per share, versus $12.3 billion, or $2.07 per share, in the year-ago period. Its revenue dropped 0.3% to $31.48 billion. However, analysts were expecting earnings of $0.61 per share on revenue of $31.6 billion. Philip Morris International Inc PM reported a rise in its third-quarter profit on Thursday. Philip Morris' quarterly profit rose to $2.38 billion, or $1.35 per share, from $1.82 billion, or $0.99 per share, in the year-earlier period. Its adjusted profit came in at $1.37 per share. The company's revenue surged 26% to $8.4 billion. However, analysts were expecting earnings of $1.24 per share on revenue of $7.54 billion. Ingersoll-Rand Co Ltd IR reported a drop in its third-quarter profit. Ingersoll-Rand's quarterly profit declined to $86.2 million, or $0.25 per share, from $232.2 million, or $0.68 per share, in the year-ago period. Its adjusted income from continuing operations came in at $0.81 per share. However, analysts were expecting earnings of $0.79 per share. Its revenue climbed to $3.93 billion from $3.73 billion. However, analysts expected revenue of $3.92 billion. Fifth Third Bancorp FITB reported a 60% rise in its third-quarter earnings. Fifth Third Bancorp's quarterly net profit attributable to the company climbed to $381 million, or $0.40 per share, from $238 million, or $0.22 per share, in the year-ago period. However, analysts were expecting earnings of $0.33 per share. Boston Scientific Corp BSX reported a decline in its third-quarter earnings. Boston Scientific's quarterly earnings dropped to $142 million, or $0.09 per share, from $190 million, or $0.12 per share, in the year-earlier period. On an adjusted basis, Boston Scientific's earnings came in at $0.15 per share. However, analysts were expecting earnings of $0.09 per share. Its sales dropped to $1.87 billion from $1.92 billion. Boston Scientific projects Q4 adjusted earnings to be in the range of $0.13 to $0.16 per share, versus analysts' estimates of $0.10 per share. Laboratory Corp of America Holdings LH reported a 4.1% drop in its third-quarter profit and lifted its adjusted earnings forecast for the year. Laboratory Corp now projects adjusted earnings of $6.28 to $6.33 per share, versus its earlier forecast of $6.17 to $6.32 per share. Laboratory Corp reported its quarterly income at $134.3 million, or $1.31 per share, down from $140 million, or $1.34 per share, in the year-ago period. Excluding other items, the company' earnings came in at $1.61 per share. Laboratory Corp's sales rose 10% to $1.4 billion. However, analysts were expecting earnings of $1.60 per share on revenue of $1.41 billion. Baxter International Inc BAX reported a 9.7% rise in its third-quarter earnings. Baxter reported its quarterly profit at $576 million, or $1.01 per share, up from $525 million, or $0.89 per share, in the year-ago period. Excluding other items, the company's earnings came in at $1.09 per share. Its revenue rose 7.9% to $3.48 billion and 3% excluding currency impacts. Baxter in July projected earnings of $1.07 to $1.09 per share on revenue growth of 6% to 7%. Snap-on Inc SNA reported a 46% rise in its third-quarter profit. Snap-on reported its quarterly earnings at $67.8 million, or $1.16 per share, up from $46.5 million, or $0.80 per share, in the year-ago period. Its revenue gained 6.8% to $697.2 million. Excluding favorable currency changes, the company's sales climbed 3.6%. However, analysts were expecting a profit of $1.03 per share on revenue of $720 million. Southwest Airlines Co LUV swung to a Q3 loss on Thursday. Southwest Airlines posted a quarterly loss of $140 million, or $0.18 per share, versus a year-ago profit of $205 million, or $0.27 per share. On an adjusted basis, Southwest Airlines earnings came in at $0.15 per share. Analysts were expecting earnings of $0.13 per share. Its operating revenue climbed 35% to $4.31 billion. Diamond Offshore Drilling Inc DO reported a 29% surge in its third-quarter earnings. Diamond Offshore reported its quarterly profit at $256.9 million, or $1.85 per share, up from $198.5 million, or $1.43 per share, in the year-ago period. Its revenue climbed 9.8% to $878.2 million. However, analysts were expecting earnings of $1.48 per share on revenue of $821 million. Wynn Macau Ltd WYNMY reported an 84% surge in its Q3 net profit. Wynn Macau' quarterly net profit jumped to US$209.9 million, from US$114.3 million based on International Financial Reporting Standards. Galaxy Entertainment Group Ltd GXYEY reported a strong rise in its Q3 adjusted earnings before interest, taxes, depreciation and amortization. Galaxy Entertainment's quarterly adjusted EBITDA climbed to HK$1.8 billion, from HK$616 million, in the year-ago period. Its revenue jumped 148% to HK$13 billion. Actelion Ltd ALIOF reported a 40.7% drop in its Q3 net profit. Actelion's quarterly net profit fell 40.7% to 81.6 million Swiss francs ($89.9 million), versus CHF137.5 million, in the year-ago period. Its sales dropped 11% to CHF401.8 million from CHF451.2 million. Nokia Corp NOK released its results for the third quarter on Thursday. Nokia posted a quarterly net loss of 2 euro cents per share, versus a profit of 14 euro cents per share, in the year-ago period. Nokia posted an operating loss of 71 million euros, versus a profit of 403 million euros. Its adjusted earnings-per-share came in at 3 euro cents, versus 14 euro cents, in the year-earlier period. Nokia's sales dropped 13% to 8.98 billion euros. Eli Lilly and Co LLY reported a drop in its third-quarter net profit on Thursday. Eli Lilly's quarterly net profit declined to $1.24 billion, or $1.11 per share, from $1.30 billion, or $1.18 per share, in the year-ago period. Its revenue gained 9% to $6.15 billion. Eli Lilly's adjusted earnings per share came in at $1.13. However, analysts were expecting earnings of $1.13 per share on revenue of $6.07 billion. Eli Lilly revised its 2011 earnings forecast to between $3.89 per share and $3.94 per share.