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Origin Energy (OTC:OGFGF) Stock, Option Chain

Origin Energy is a major vertically integrated Australian energy utility. Its energy retailing business is the largest in Australia, with about 4 million customers and a 33% market share. Its portfolio of base-load, intermediate, and peaking electricity plants is one of the largest in the national electricity market, with a capacity of 6,000 megawatts. Origin also operates and owns 27.5% of Australia Pacific LNG, which owns large coal seam gas fields and LNG export facilities in Queensland.

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Conocophillips Agrees To Purchase Additional Stake In APLNG For $0.5B

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Troubled FTX Faces SEC Probe And &#39;Urgently Needs&#39; $8B To Avoid Bankruptcy, NIO Posts Wider Q3 Loss, AstraZeneca Ditches US Application Submission For COVID-19 Shot: Top Stories Thursday, Nov. 11

Australia&#39;s Origin Energy Bags $10B Takeover Offer

ORIGIN ENERGY LTD ORD by Origin Energy Ltd.

Origin Energy Ltd

<ul>
<li>ConocoPhillips&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cop#NYSE">COP</a>), through its Australian subsidiary,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/03/b31506412/conocophillips-announces-plans-to-become-upstream-operator-and-agreement-to-purchase-additional-sh" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">intends to operate</a>&nbsp;Australia Pacific LNG (APLNG) upstream.</li>
<li>ConocoPhillips holds a 47.5% APLNG shareholding interest and has agreed to purchase up to an additional 2.49% for $0.5 billion, totaling 49.99% upon closing.</li>
<li>Both the assumption of upstream operatorship and the shareholding acquisition are dependent on&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/03/g31506847/brookfield-and-eig-consortium-sign-binding-agreement-to-acquire-origin-energy" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">EIG closing its transaction&nbsp;</a>with&nbsp;Origin Energy Ltd.(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ogfgf#OTC">OGFGF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ogfgy#OTC">OGFGY</a>).&nbsp;</li>
<li>ConocoPhillips&rsquo; FY22 production from APLNG was ~136 thousand barrels of oil equivalent per day (MBOED).&nbsp;</li>
<li>The transaction is expected to close in early 2024. The effective date of the transaction will be July 1, 2022.</li>
<li>ConocoPhillips held&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/02/b30685011/conocophillips-reports-fourth-quarter-full-year-2022-results-and-176-preliminary-reserve-replaceme" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">cash and short-term investments</a>&nbsp;of $9.5 billion as of December 31, 2022.</li>
<li>Price Action:&nbsp;COP shares closed at $95.43 on Friday.</li>
</ul>

Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/11/29651151/ftx-urgently-needs-8b-to-avoid-bankruptcy-bankman-fried-reportedly-tells-investors" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FTX &#39;Urgently Needs&#39; $8B To Avoid Bankruptcy, Bankman-Fried Reportedly Tells Investors</a>
<ul>
<li>FTX (FTT/USD) CEO Sam Bankman-Fried reportedly told investors on Wednesday that he urgently needs $8 billion in emergency funding to cover withdrawal requests and avert bankruptcy.</li>
<li>In a call with investors, Bankman-Fried said he hoped to raise as much as $3 billion to $4 billion in equity and some debt.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/11/29650573/ftx-stares-at-more-trouble-as-justice-department-reportedly-joins-sec-probe-into-liquidity" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FTX Stares At More Trouble As Justice Department Reportedly Joins SEC Probe Into Liquidity Crisis</a>
<ul>
<li>The U.S. Department of Justice is reportedly looking into the FTX (FTT/USD) liquidity crisis and the turmoil surrounding the exchange&#39;s founder, Sam Bankman-Fried.</li>
<li>The DoJ is closely working with the Security Exchange Commission (SEC) to investigate the FTX saga.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/11/29652048/apple-hires-facebook-veteran-as-information-chief-more-departures-likely/n" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Hires Facebook Veteran as Information Chief; More Departures Likely</a>
<ul>
<li>Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) has hired a startup founder and former Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>).</li>
<li> Facebook executive to run its information systems group after departures in that department.</li>
<li>Timothy Campos will lead the Information Systems and Technology department, which handles the infrastructure behind Apple&#39;s online services, customer support, and website. </li>
<li>Apple refers to the operation as its &quot;nerve center&quot; because it lets employees, suppliers, and customers stay connected. </li>
</ul>

Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/11/29651923/california-dumps-lyft-backed-proposal-to-tax-rich-for-evs-and-green-initiatives" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">California Dumps Lyft-Backed Proposal to Tax Rich For EVs And Green Initiatives</a>
<ul>
<li>California voters quashed a ballot measure that sought to tax the state&#39;s rich for its planned transition to electric vehicles and other green initiatives.</li>
<li>The rejection dealt a blow to ride-hailing company Lyft Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/lyft#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">LYFT</a>) and the environmental groups that had backed the proposition.</li>
<li>Lyft was the most prominent financier of Proposition 30, contributing more than 97% of the roughly $50 million raised to promote it. </li>
</ul>

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/11/29652754/eli-lillys-migraine-drug-infringed-tevas-patents-ordered-to-pay-176m" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Eli Lilly&#39;s Migraine Drug Infringed Teva&#39;s Patents, Ordered To Pay $176M</a>
<ul>
<li>A federal jury has asked Eli Lilly And Company (NYSE: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/lly#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">LLY</a>) to pay Teva Pharmaceuticals International GmbH $176.5 million after a trial to determine whether its migraine drug Emgality infringed three Teva patents.</li>
<li>The jury agreed with Teva that Lilly&#39;s Emgality violated its rights in the patents, which relate to its migraine drug Ajovy. </li>
<li>The jury also found that Lilly infringed the patents willfully and rejected its argument that the patents were invalid.</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/11/29650797/elizabeth-warren-calls-for-aggressive-enforcement-against-smoke-and-mirrors-crypto-industr" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Elizabeth Warren Calls For &#39;Aggressive Enforcement&#39; Against &#39;Smoke And Mirrors&#39; Crypto Industry After FTX Fiasco</a>
<ul>
<li>Sen. Elizabeth Warren (D-Mass.) has said the fallout of cryptocurrency exchange FTX (FTT/USD) shows a dire need for stringent regulations to protect consumers.</li>
<li>Warren cited a Wall Street Journal report on the Security Exchange Commission launching a fresh probe into FTX. &quot;The collapse of one of the largest crypto platforms shows how much of the industry appears to be smoke and mirrors,&quot; she said in a tweet.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/11/29646026/binance-drops-ftx-acquisition-cryptos-trade-deep-in-the-red-the-issues-are-beyond-our-cont" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Binance Drops FTX Acquisition, Cryptos Trade Deep In The Red: &#39;The Issues Are Beyond Our Control&#39;</a>
<ul>
<li>Binance walked away from a deal to acquire FTX.com Wednesday after examining the company&#39;s financials and reports of mishandled customer funds and U.S. regulatory investigations, the crypto exchange said in a statement posted in a series of tweets. </li>
<li>&quot;Our hope was to be able to support FTX&#39;s customers to provide liquidity, but the issues are beyond our control or ability to help,&quot; Binance said.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/11/29653484/tesla-rival-nios-loss-widens-in-q3-but-revenue-beats-expectation-covid-19-impact-keeps-q4-guidance-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Rival Nio&#39;s Loss Widens In Q3, But Revenue Beats Expectation; How COVID-19 Impacts Forward Guidance</a>
<ul>
<li>Nio Inc (NYSE: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/nio#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NIO</a>) reported a wider loss for the third quarter but revenue exceeded the consensus estimate. The guidance for the fourth quarter &mdash; one marred by supply chain and production disruptions amid the COVID-19 lockdowns &mdash; came in below expectations.</li>
<li>Nio reported a net loss, excluding stock-based compensation, of 3.46 billion yuan ($486.3 million) or 2.11 yuan per share ($0.30). The bottom-line results widened from 0.36 yuan in the third quarter of 2021 and 1.34 yuan in the second quarter of 2022.</li>
<li>Revenue rose 32.6% year-over-year and 26.3% quarter-over-quarter to 13.0 billion yuan ($1.83 billion). This exceeded the consensus estimate of $1.77 billion.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/11/29652820/strong-apple-supplier-tsmc-looks-to-secure-neon-gas-locally-after-learning-lessons-from-putins-war-s" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Supplier TSMC Looks To Secure Neon Gas Locally After Learning&#39; Lessons&#39; From Putin&#39;s War</a>
<ul>
<li>Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) supplier Taiwan Semiconductor Manufacturing Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) is looking for local sources of neon gas after Vladimir Putin&#39;s war in Ukraine caused a major supply crunch. </li>
<li>The chipmaking giant is working with multiple Taiwan-based gas suppliers to explore the local production of neon gas in three to five years, the company&#39;s Senior Vice President of Information Technology, Materials Management and Risk Management.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/22/11/29652971/malaysia-airlines-mulls-doubling-boeing-737-max-order-japanese-airline-plans-adding-737s-to-fleet" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Malaysia Airlines Mulls Doubling Boeing 737 Max Order, Japanese Airline Plans Adding 737s To Fleet</a>
<ul>
<li>Japanese airline, Skymark plans to add up to 12 Boeing Co&#39;s </li>
<li>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) 737 MAX airplanes as part of its fleet modernization efforts. </li>
<li>The carrier intends to order four airplanes, including the 737-8 and 737-10 variants, with options for two additional jets. </li>
<li> The CEO of Malaysia Airlines, Izham Ismail, said the airline is considering ordering 25 single-aisle jets, probably Boeing 737 Max, on top of an existing firm order for 25.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/11/29652818/astrazeneca-ditches-us-application-submission-for-covid-19-shot-q3-edges-analyst-expectations-on-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AstraZeneca Ditches US Application Submission For COVID-19 Shot, Q3 Edges Analyst Expectations On Oncology Strength</a>
<ul>
<li>AstraZeneca Plc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/azn#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AZN</a>) has reported Q3 core EPS of $1.67, up 55% Y/Y (+70 constant currency), beating the consensus of $0.72.</li>
<li>The company clocked Q3 sales of $10.98 billion, +11% (+19% CC), beating the consensus of $10.91 billion.</li>
<li>AstraZeneca has decided not to submit an FDA marketing application for Vaxzevria. It will continue to focus its efforts on ensuring the availability of Vaxzevria elsewhere, including submissions for its use as a booster.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/22/11/29653117/australias-origin-energy-bags-10b-takeover-offer" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Australia&#39;s Origin Energy Ltd Bags $10B Takeover Offer</a>
<ul>
<li>Australia&#39;s Origin Energy Ltd (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/ogfgy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">OGFGY</a>) (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/ogfgf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">OGFGF</a>) bagged a takeover proposal worth around $10 billion from a consortium led by Brookfield Asset Management Inc. The consortium&#39;s latest offer follows two earlier proposals.</li>
<li>Origin is a significant shareholder in the Australia Pacific LNG plant in eastern Australia&#39;s Queensland state, which supplies liquefied natural gas to Asia.</li>
<li>The ConocoPhillips (NYSE: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/cop#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">COP</a>) operated facility has benefited from elevated LNG prices after Russia invaded Ukraine, as European countries scour the world for alternative sources to Russian supply.</li>
<li>Origin said a successful takeover would see Brookfield acquire its Energy Markets business, which generates electricity for sale to customers along with some gas supply.</li>
</ul>
Photo via Shutterstock

Troubled FTX Faces SEC Probe And 'Urgently Needs' $8B To Avoid Bankruptcy, NIO Posts Wider Q3 Loss, AstraZeneca Ditches US Application Submission For COVID-19 Shot: Top Stories Thursday, Nov. 11

<ul>
<li>Australia&rsquo;s&nbsp;Origin Energy Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ogfgy#OTC">OGFGY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ogfgf#OTC">OGFGF</a>)<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/11/g29648633/brookfield-renewable-announces-participation-in-proposal-for-origins-energy-markets-business" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;bagged a takeover proposal</a>&nbsp;worth around $10 billion from a consortium led by&nbsp;Brookfield Asset Management Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bam#NYSE">BAM</a>).</li>
<li>Origin said the&nbsp;<a class="editor-rtfLink" href="https://www.originenergy.com.au/about/investors-media/origin-receives-non-binding-indicative-offer-at-9-00-per-share/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">consortium&nbsp;</a>comprising Brookfield and the LNG arm of private-equity firm EIG had indicated it would make a cash offer at 9 Australian dollars a share, equivalent to $5.79.</li>
<li>Origin said its board plans to recommend that shareholders vote in favor of a deal if the consortium makes a formal bid after completing due diligence and in the absence of a superior proposal.</li>
<li>The consortium&rsquo;s latest offer follows two earlier proposals.</li>
<li>Origin is a significant shareholder in the Australia Pacific LNG plant in eastern Australia&rsquo;s Queensland state, which supplies liquefied natural gas to Asia, the Wall Street Journal&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/australias-origin-energy-gets-10-billion-takeover-bid-from-brookfield-led-consortium-11668037077?mod=business_lead_pos6" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reports</a>.</li>
<li>The&nbsp;ConocoPhillips&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cop#NYSE">COP</a>) operated facility has benefited from elevated LNG prices after Russia&rsquo;s invasion of Ukraine, as European countries scour the world for alternative sources to Russian supply.</li>
<li>The report added that Origin also owns power plants and is one of Australia&rsquo;s most considerable electricity and gas retailers to households and businesses.&nbsp;</li>
<li>The proposal would ultimately result in Brookfield acquiring Origin&rsquo;s Energy Markets business and MidOcean buying the Integrated Gas business.</li>
<li>Last year, Origin agreed to sell a 10% stake in the Australia Pacific LNG project to EIG for 2.12 billion Australian dollars. Still, the deal failed as ConocoPhillips exercised its pre-emption rights to acquire the interest instead.</li>
<li>Analysts expect LNG prices to remain high for some time as Europe spends billions of dollars to wean itself off Russian gas, despite China&rsquo;s economic weakness and potential for a global recession.</li>
<li>Price Action:&nbsp;OGFGY shares closed 2.14%higher at $3.70 on Wednesday.</li>
<li>Photo Via Company</li>
</ul>

Australia's Origin Energy Bags $10B Takeover Offer

<ul>
<li><a class="editor-rtfLink" href="https://www.reuters.com/business/energy/australias-rio-tinto-exits-state-mining-lobby-amid-climate-rift-2022-04-14/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters reported</a>&nbsp;that&nbsp;Australia&#39;s&nbsp;Rio Tinto plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) confirmed its exit from the state mining lobby group after raising concerns that its policy on expanding coal mines did not align with the Paris Climate Agreement.</li>
<li>Global corporations have been attempting to appease authorities and shareholders by striving for higher emission cuts to comply with the Paris agreement.</li>
<li>&quot;After careful consideration, Rio Tinto will not renew its membership with the Queensland Resources Council (QRC) for the 2022-2023 financial year,&quot; the report cited Kellie Parker, Rio Tinto&#39;s Australia CEO.</li>
<li>&quot;While Rio Tinto&#39;s exit from the QRC may have been triggered by ACCR&#39;s shareholder resolution, the company was under increasing pressure from its shareholders to rein in obstructive lobbying by its industry associations,&quot; the report quoted ACCR (Australasian Centre for Corporate Responsibility).</li>
<li>ACCR noted the other members that claim to be supportive of the Paris Agreement, including&nbsp;Anglo American plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ngloy#OTC">NGLOY</a>),&nbsp;BHP Group Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>),&nbsp;Origin Energy Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ogfgf#OTC">OGFGF</a>), and&nbsp;South32 Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/souhy#OTC">SOUHY</a>), must follow Rio Tinto and exit the QRC.</li>
<li>Price Action:&nbsp;RIO shares are trading lower by 0.16% at $81.81 during the premarket session on Thursday.</li>
<li>Photo via Wikimedia Commons</li>
</ul>

NGLOY

SOUHY

Australia's Rio Tinto Quits State Mining Lobby Over Climate Rift: Reuters

<a href="http://www.reuters.com/article/us-tesla-australia-solar-idUSKBN0TS2TW20151209" title="http://www.reuters.com/article/us-tesla-australia-solar-idUSKBN0TS2TW20151209">http://www.reuters.com/article/us-tesla-australia-solar-idUSKBN0TS2TW20151209</a>

Rumors

TSLA

Australia's Largest Power and Gas Retailer Origin Energy to Market Tesla Solar Storage Battery -Reuters

H.J. Heinz Co (NYSE: <a class="ticker" href="/stock/hnz#NYSE">HNZ</a>) reported a decline in its fiscal first-quarter profit. Heinz's quarterly profit dropped to $226.1 million, or $0.70 per share, from $240.4 million, or $0.76 per share, in the year-earlier period. Its sales climbed to $2.85 billion from $2.48 billion. Excluding special items, Heinz's earnings came in at $0.78 per share, versus analysts' estimates of $0.76 per share. Heinz affirmed its adjusted profit forecast for the fiscal year of $3.24 to $3.32 per share, versus analysts' estimates of $3.65 per share.

Williams-Sonoma Inc (NYSE: <a class="ticker" href="/stock/wsm#NYSE">WSM</a>) reported a 28% rise in its FQ2 net income. Williams-Sonoma reported its quarterly profit at $39.3 million, or $0.37 per share, up from $30.8 million, or $0.28 per share, in the year-ago quarter. Its adjusted earnings came in at $0.37 per share. Williams-Sonoma's revenue climbed to $814.8 million from $775.6 million. However, analysts were expecting earnings of $0.36 per share on revenue of $822.8 million. Williams-Sonoma lifted its adjusted-earnings outlook for the year to a range of $2.17 to $2.22 per share, versus analysts' estimates of $2.22 per share.

Medtronic Inc (NYSE: <a class="ticker" href="/stock/mdt#NYSE">MDT</a>) released its results for the fiscal first quarter on Tuesday. Medtronic's quarterly earnings dropped to $821 million, or $0.77 per share, from $830 million, or $0.76 per share, in the year-earlier period. Weighted average shares outstanding fell to 1.07 billion from 1.09 billion. On an adjusted basis, Medtronic's earnings came in at $0.79 per share, versus analysts' estimates of $0.79 per share. Its revenue climbed 7% to $4.05 billion.

American Woodmark Corp (NASDAQ: <a class="ticker" href="/stock/amwd#NASDAQ">AMWD</a>) reported a wider-than-expected first-quarter loss. American Woodmark posted a quarterly loss of $2.7 million, or $0.19 per share, versus a loss of $3.41 million, or $0.24 per share, in the year-ago period. Its revenue climbed 20% to $131.2 million. Its sales and marketing costs surged 13%. However, analysts were expecting a loss of $0.17 per share on revenue of $116.2 million.

Daktronics Inc (NASDAQ: <a class="ticker" href="/stock/dakt#NASDAQ">DAKT</a>) reported downbeat Q1 results. Daktronics reported its quarterly net income at $3.4 million, or $0.08 per share, up from $2.4 million, or $0.06 per share, in the year-ago period. Its revenue surged 18% to $118.7 million. However, analysts were expecting earnings of $0.11 per share on revenue of $119.8 million. 

Melco Crown Entertainment Ltd (NASDAQ: <a class="ticker" href="/stock/mpel#NASDAQ">MPEL</a>) swung to a first-half profit on Tuesday. Melco Crown reported its net profit for the period at $73.8 million, versus a loss of $42.6 million, in the year-ago period.

Corinthian Colleges Inc (NASDAQ: <a class="ticker" href="/stock/coco#NASDAQ">COCO</a>) reported a strong drop in its fiscal fourth-quarter earnings. Corinthian Colleges reported its quarterly profit at $3.4 million, or $0.05 per share, down from $33.9 million, or $0.38 per share, in the year-ago period. Excluding impairment, facility closing and severance charges, Corinthian Colleges' earnings from continuing operations came in at $0.13 per share. Its revenue fell 12% to $425.2 million. Corinthian Colleges expected earnings of $0.11 to $0.13 per share on revenue of $423 million to $433 million in May. Corinthian Colleges projects a current-quarter loss of $0.02 to $0.04 per share on revenue of $414 million to $424 million. However, analysts were expecting a profit of $0.15 per share on revenue of $427 million. 

Bank of Montreal (NYSE: <a class="ticker" href="/stock/bmo#NYSE">BMO</a>) reported upbeat fiscal third-quarter profit. Bank of Montreal's quarterly net income surged to C$793 million, or C$1.27 per share, from C$669 million, or C$1.13 per share, in the year-ago period. On an adjusted basis, Bank of Montreal's earnings came in at C$843 million, or C$1.36 per share. Analysts were expecting a profit of C$1.31 per share. 

Trina Solar Ltd (NYSE: <a class="ticker" href="/stock/tsl#NYSE">TSL</a>) reported a 69% decline in its second-quarter profit. Trina Solar's quarterly net income declined to $11.8 million, or $0.17 per ADS. Its revenue climbed 56% to $579.5 million, versus analysts' estimates of $593.92 million. Trina Solar projects to ship between 480 to 520 (megawatt) MW of PV modules in the third quarter, versus 396 MW in the second quarter. 

Foster's Group Ltd (OTC: <a class="ticker" href="/stock/fbrwy#OTC">FBRWY</a>) reported a fiscal-year net attributable loss at $89 million, versus a loss of $464.4 million, in the year-ago period. Foster's adjusted profit from continuing operations dropped 8% y/y to $816.7 million.

Origin Energy Ltd (OTC: <a class="ticker" href="/stock/ogfgf#OTC">OGFGF</a>) reported a 15% surge in its fiscal-year underlying profit. Origin Energy's bottom line net profit for the year dropped to A$186 million, from A$612 million, in the year-ago period. Its underlying profit surged to A$673 million from A$585 million. Origin Energy's revenue surged 21% to A$10.34 billion from A$8.53 billion. Origin Energy also declared a final dividend of 25 cents per share.

Oil Search Ltd (OTC: <a class="ticker" href="/stock/oishy#OTC">OISHY</a>) reported a strong rise in its first half profit. Oil Search's net profit for the period surged to US$114.5 million, from US$52.9 million, in the year-ago period. Its revenue increased to US$371.1 million, from US$276.6 million, in the year-ago period.

China Telecom Corp Ltd (NYSE: <a class="ticker" href="/stock/cha#NYSE">CHA</a>) reported an 8% rise in its first-half net profit. China Telecom's net profit for the period rose to CNY9.81 billion, from CNY9.08 billion, in the year-ago period. However, analysts were expecting a net profit of CNY9.70 billion. China Telecom's revenue climbed 11% to CNY120.21 billion from CNY107.82 billion, versus analysts' estimates of CNY118.35 billion.

Cairn Energy PLC (OTC: <a class="ticker" href="/stock/crncy#OTC">CRNCY</a>) swung to a first-half profit on Tuesday. Cairn Energy reported its profit attributable to equity holders at $371.5 million, versus a loss of $12.6 million, in the year-ago period. Its revenue jumped to $1.34 billion from $332.6 million. Its production surged to 77,056 barrels of oil equivalent per day, from 32,866 barrels a day, in the year-ago period. Cairn's operating profit for the period climbed to $750 million from $94 million.

Antofagasta PLC (OTC: <a class="ticker" href="/stock/anfgy#OTC">ANFGY</a>) reported a 54% jump in its first-half net profit. Antofagasta's net profit surged to $696.2 million, from $451.2 million, in the year-ago period. Its revenue climbed 73% to $3.05 billion. Copper production in the period climbed 14% to 288,500 tonnes.

Persimmon PLC (OTC: <a class="ticker" href="/stock/psmmf#OTC">PSMMF</a>) reported a 52% rise in its adjusted pretax profit for the six months ended June 30, 2011. Persimmon's adjusted pretax profit for the period rose to GBP59.7 million. Its earnings per share came in at 15.4 pence. Persimmon's adjusted earnings per share surged 29% to 15.4 pence. Its revenue came in at GBP712.8 million.

G4S PLC (OTC: <a class="ticker" href="/stock/gfszy#OTC">GFSZY</a>) reported a 3% surge in its first-half profit. G4S' profit before interest, tax and amortization rose to GBP239 million, from GBP233 million, in the year-ago period. Its revenue climbed 5% to GBP3.76 billion at constant exchange rates.

John Wood Group PLC (OTC: <a class="ticker" href="/stock/wdgjf#OTC">WDGJF</a>) reported upbeat first-half results and lifted its half-year dividend by 15%. John Wood Group reported a profit from continuing operations before tax and exceptional items, including acquisition costs, of $102.4 million, up 49% from the earlier year. Its revenue surged 17% to $2.83 billion. John Wood Group also lifted its interim dividend 15% to 3.9 cents.

Earnings

Pre-Market Outlook

AMWD

ANFGY

COCO

CRNCY

DAKT

FBRWY

GFSZY

MPEL

OISHY

PSMMF

WDGJF

Earnings Roundup

Origin Energy Ltd (OTC: OGFGF) reported a 15% surge in its fiscal-year underlying profit.

Origin Energy's bottom line net profit for the year dropped to A$186 million, from A$612 million, in the year-ago period. Its underlying profit surged to A$673 million from A$585 million. Origin Energy's revenue surged 21% to A$10.34 billion from A$8.53 billion.

Origin Energy also declared a final dividend of 25 cents per share.

Origin Energy Reports 15% Rise In Underlying Profit, Declares Dividend

Origin Energy

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