Earnings Roundup

Boeing Co BA reported a 20% rise in its second-quarter profit. Boeing's quarterly profit surged to $941 million, or $1.25 per share, from $787 million, or $1.06 per share, in the year-earlier period. Its revenue gained 6% y/y to $16.54 billion from $15.57 billion. However, analysts were expecting earnings of $0.98 per share on revenue of $16.47 billion. For the full year, Boeing lifted its earnings forecast to between $3.90 and $4.10 per share, from its earlier forecast of $3.80 to $4 per share. Analysts expected 2011 earnings of $4.12 per share. WellPoint Inc WLP reported a 2.9% drop in its second-quarter net profit and lifted its forecast for 2011. WellPoint's quarterly net profit declined to $701.6 million, or $1.89 per share, from $722.4 million, or $1.71 per share, in the year-earlier period. Excluding net investment gains of $0.06 per share, WellPoint's earnings came in at $1.83 per share. Its revenue climbed 4.6% y/y to $15.1 billion from $14.43 billion. Analysts were expecting a net profit of $672.1 million on revenue of $14.87 billion. Aetna Inc AET reported a 9% rise in its second-quarter profit. Aetna's quarterly net income rose to $536.7 million, or $1.39 per share, from $491 million, or $1.14 per share, in the year-ago period. The company's operating earnings climbed 16% to $522.8 million, or $1.35 per share. Its total revenue dropped to $8.34 billion from $8.55 billion. Analysts were expecting earnings of $1.08 per share on revenue of $8.31 billion. Thermo Fisher Scientific Inc TMO reported a rise in its second-quarter net profit and lifted its earnings forecast for the year. Thermo Fisher reported its quarterly net profit at $523.4 million, or $1.36 per share, up from $237.3 million, or $0.57 per share, in the year-ago period. Its adjusted earnings per share surged 22% to $0.99. The company's revenue climbed 12% to $2.9 billion. Analysts were expecting earnings of $0.98 per share on revenue of $2.84 billion. Thermo Fisher raised its adjusted earnings forecast for 2011 earnings by $0.03 per share to a range of $4.08 to $4.18 per share. Analysts expected earnings of $4.13 per share. Teva Pharmaceutical Industries Ltd TEVA reported upbeat quarterly earnings. TEVA reported its Q2 non-GAAP net income at $984 million, up from $981 million, in the year-ago period. Its earnings on a non-GAAP basis came in at $1.10 per share, up from $1.08 per share. Analysts were expecting earnings of $1.08 per share. Its net sales surged 11% to $4.2 billion. Teva announced its plans to pay a quarterly dividend of 23.5 cents on August 18. Wyndham Worldwide Corp WYN reported a 20% rise in its second-quarter net income. WYN's quarterly net income surged to $114 million, or $0.67 per share, from $95 million, or $0.51 per share, in the year-earlier period. Excluding one-time items, the company's earnings came in at $0.64 per share. Its revenue climbed to $1.09 billion from $963 million. However, analysts were expecting earnings of $0.56 per share on revenue of $1.05 billion. Wyndham Worldwide raised its full-year 2011 adjusted earnings forecast to a range of $2.32 to $2.40 per share, from $2.15 to $2.25 per share, and revenue projections to $4.2 billion to $4.3 billion, from $4 billion to $4.2 billion. Dow Chemical Co DOW reported a 73% rise in its second-quarter profit. The company's quarterly net income surged to $982 million, or $0.84 per share, from $566 million, or $0.50 per share, in the year-ago period. Its revenue climbed 18% to $16.05 billion. However, analysts were expecting earnings of $0.79 per share on revenue of $14.75 billion. Moody's Corp MCO reported a 56% rise in its second-quarter profit. Moody's posted its quarterly profit at $189 million, or $0.82 per share, up from $121 million, or $0.51 per share, in the year-ago period. Excluding items, Moody's earnings came in at $0.79 per share. Its revenue climbed 27% to $605.2 million. However, analysts were expecting a profit of $0.57 per share on revenue of $549 million. Moody's raised its full-year earnings forecast to $2.38 to $2.48 per share, from $2.22 to $2.32 per share. Nasdaq OMX Group Inc NDAQ reported a 4.25 drop in its second-quarter profit. Nasdaq reported its quarterly earnings at $92 million, down from $96 million, in the year-ago period. Its earnings per share rose to $0.51 from $0.46. Excluding items, Nasdaq's earnings came in at $0.62 per share. Its revenue rose 6.7% to $416 million. However, analysts were expecting a profit of $0.60 per share on revenue of $413 million. Tupperware Brands Corp TUP reported a rise in its second-quarter profit. Tupperware Brands reported its quarterly profit at $65.1 million, or $1.03 per share, up from $57.9 million, or $0.90 per share, in the year-earlier period. Tupperware's adjusted net income came in at $1.25 per share. Tupperware's sales climbed to $669.9 million, from $565.1 million. However, analysts were expecting earnings of $1.17 per share on revenue of $640.3 million. Tupperware projects Q3 adjusted profit of $0.79 to $0.84 per share, versus analysts' estimates of $0.83 per share. Mylan Inc MYL reported a 70% rise in its second-quarter earnings. Mylan reported its quarterly profit at $146.4 million, or $0.33 per share, up from $86.2 million, or $0.16 per share, in the year-ago period. Excluding items, Mylan's earnings came in at $0.52 per share. Its revenue climbed 15% to $1.57 billion. However, analysts were expecting earnings of $0.45 per share on revenue of $1.49 billion. General Dynamics Corp GD reported a rise in its second-quarter earnings and lifted its full-year forecast. General Dynamics reported its quarterly earnings at $653 million, or $1.76 per share, up from $648 million, or $1.67 per share, in the year-earlier period. Its revenue declined 3% to $7.88 billion. Earnings from continuing operations came in at $1.79 per share. However, analysts were expecting earnings of $1.73 per share on revenue of $8.28 billion. General Dynamics lifted its full-year earnings forecast to a range of $7.15 to $7.20 per share, from its earlier range of $7 to $7.10 per share. Analysts projected earnings of $7.13 per share. Southern Co SO reported a rise in its second-quarter profit. Southern Co's quarterly profit surged to $603.3 million, or $0.71 per share, from $510 million, or $0.62 per share, in the year-ago period. Its revenue rose to $4.52 billion, from $4.21 billion. Analysts were expecting earnings of $0.64 per share on revenue of $4.49 billion. Delta Air Lines Inc DAL reported a decline in its Q2 earnings. DAL reported its quarterly earnings at $198 million, or $0.23 per share, down from $467 million, or $0.56 per share, in the year-earlier period. Its revenue gained 12% y/y to $9.15 billion. On a continuing basis, DAL's net income came in at $366 million, or $0.43 per share. Analysts were expecting earnings of $0.46 per share on revenue of $9.16 billion. Dr Pepper Snapple Group Inc DPS reported a decline in its second-quarter profit. DPS reported its quarterly profit at $172 million, or $0.77 per share, down from $183 million, or $0.74 per share, in the year-ago period. Its sales climbed to $1.58 billion from $1.52 billion. However, analysts were expecting a profit of $0.76 per share on sales of $1.6 billion. DPS projects profit for the year in the range of $2.70 to $2.78 per share, versus analysts' estimates of $2.75 per share. Hess Corp HES reported a 62% rise in its second-quarter profit. Hess reported its quarterly profit at $607 million, or $1.78 per share, up from $375 million, or $1.15 per share, in the year-earlier period. The company's exploration and production profit climbed to $747 million from $488 million, while its refining unit's loss increased to $39 million from $19 million. Analysts were expecting earnings of $1.92 per share. NextEra Energy Inc NEE released its results for the second quarter on Wednesday. NextEra Energy reported its quarterly earnings at $580 million, or $1.38 per share, up from $417 million, or $1.01 per share, in the year-earlier period. NextEra Energy's adjusted earnings came in at $500 million, or $1.18 per share. Its operating revenue surged 10.3% y/y to $4 billion. However, analysts were expecting earnings of $1.09 per share on revenue of $3.8 billion. Northrop Grumman Corp NOC reported a 27% drop in its second-quarter profit. Northrop Grumman's quarterly net income declined to $520 million, or $1.81 per share, from $711 million, or $2.34 per share, in the year-earlier period. Its sales dropped to $6.56 billion from $7.26 billion. Northrop Grumman's adjusted earnings from continuing operations came in at $1.81 per share. Analysts were expecting earnings of $1.68 per share on sales of $7.2 billion. Northrop Grumman lifted its full-year earnings forecast to a range of $6.75 to $6.90 per share, from its earlier forecast of $6.50 to $6.70 per share. Analysts predicted 2011 earnings of $6.74 per share. Nissan Motor Co Ltd NSANY reported a 20% drop in its net profit for the fiscal first quarter. Nissan posted its quarterly net profit at Y85.02 billion, down from Y106.65 billion, in the year-ago period. Analysts were expecting a net profit of Y41.95 billion. Its sales climbed 1.6% y/y to Y2.082 trillion from Y2.050 trillion. Its global vehicle sales surged 11% to 1.056 million vehicles. Nissan's operating profit fell 10% y/y to Y150.37 billion from Y167.91 billion. Daimler AG DDAIF reported its net profit at 1.61 billion euros ($2.33 billion), or €1.51 per share, up from €1.25 billion, or €1.18 per share, in the year-earlier period. Its revenue climbed 5% y/y to €26.34 billion, from €25.11 billion. Analysts were expecting a net profit of €1.58 billion on revenue of €28.1 billion. Daimler's earnings before interest and taxes climbed to €2.58 billion in the second quarter, from €2.1 billion, in the year-earlier period. AU Optronics Corp AUO swung to a second-quarter net loss. AU Optronics reported a quarterly net loss at NT$10.78 billion, versus a net profit of NT$11.25 billion, in the year-ago period. Analysts were expecting a net loss of NT$6.71 billion. Its revenue dropped 24% y/y to NT$98.05 billion from NT$128.59 billion. Praxair Inc (NYSE; PX) reported a rise in its second-quarter net profit and lifted its projections for the full year. Praxair reported its quarterly net profit at $425 million, or $1.38 per share, up from $371 million, or $1.19 per share, in the year-ago period. Its sales surged to $2.86 billion from $2.53 billion. Praxair also lifted its full-year earnings forecast to between $5.40 and $5.50 per share. It projects 2011 sales of around $11.2 billion. Praxair projects Q3 earnings in the range of $1.35 to $1.40 per share. Banco Santander SA STD reported a decline in its second-quarter net profit. Banco Santander's quarterly net profit dropped to €1.39 billion ($2 billion), or 0.23 euro per share, from €2.23 billion, or 0.26 euro per share, in the year-earlier period. Its net interest income increased to €7.64 billion, from €7.38 billion. However, analysts were expecting a net profit of €2.07 billion. PSA Peugeot Citroen SA PEUGY reported a 19% rise in its first-half net profit. Peugeot's net profit surged to 806 million euros ($1.17 billion). Its revenue climbed 9.7% to 31.14 billion euros. Peugeot's recurring operating income increased 1.8% to 1.16 billion euros.