Earnings Roundup

Kohl's Corp KSS posted a drop in its fourth quarter profit. Kohl's projects Q1 earnings of $0.60 per share and 2012 earnings of $4.75 per share. However, analysts were expecting earnings of $0.77 per share in the quarter and $4.93 per share in 2012. The company raised its dividend by 28% to $0.32 per share. Kohl's quarterly profit declined to $455 million, or $1.81 per share, versus $494 million, or $1.66 per share, in the year-earlier period. Its sales came in at $6 billion. However, analysts were expecting earnings of $1.82 per share on revenue of $6 billion. Target Corp TGT posted a decline in its fourth-quarter profit. Target's quarterly profit dropped to $981 million, or $1.45 per share, from $1 billion, or $1.45 per share, in the year-earlier period. Target's adjusted profit came in at $1.49 per share. Its sales gained 3.3% to $20.9 billion. However, analysts were expecting earnings of $1.40 per share on sales of $21.2 billion. Target projects adjusted Q1 profit of $0.97 to $1.07 per share, versus analysts' estimates of $0.96 per share. Target expects full-year adjusted earnings of $4.55 to $4.75 per share, versus analysts' estimates of $4.28 per share. Hormel Foods Inc HRL reported a drop in its fiscal first-quarter earnings. Hormel's quarterly net income fell to $128.4 million, or $0.48 per share, from $148.8 million, or $0.55 per share, in the year-ago period. However, analysts were expecting earnings of $0.48 per share. Hormel's net sales surged to $2.04 billion from $1.92 billion. However, sales by volume dropped 2%. Imax Corp IMAX reported an in-line fourth-quarter profit. Imax's quarterly net income dropped to $6.3 million, or $0.09 per share, from $54.2 million, or $0.80 per share, in the year-ago period. On an adjusted basis, Imax earned $0.14 per share, in line with analysts' estimates. Imax's revenue dropped 4% to $66.7 million, versus analysts' estimates of $63.4 million. Sears Holdings Corp SHLD swung to a fourth-quarter loss. Sears posted a quarterly loss from continuing operations of $2.4 billion, or $22.47 per share, versus a year-ago net income from continuing operations of $374 million, or $3.43 per share. Its adjusted earnings dropped to $0.54 per share, from $3.67 per share. Its revenue dropped to $12.5 billion, from $13 billion. However, analysts were expecting earnings of $0.76 per share on revenue of $12.4 billion. Sears also announced its plans to sell 11 stores to General Growth Properties Inc. Pan American Silver Corp PAAS swung to a fourth-quarter profit. Pan American Silver's quarterly profit came in at $95.4 million, or $0.89 per share, versus a year-ago loss of $6.3 million, or $0.12 per share. Excluding special items, Pan American Silver earned $0.61 per share, versus analysts' estimates of $0.51 per share. Its revenue climbed 8.5% to $212.4 million, versus analysts' estimates of $230 million. MetroPCS Communications Inc PCS posted a surge in its fourth-quarter earnings. MetroPCS' quarterly profit climbed to $91 million, or $0.25 per share, from $14 million, or $0.04 per share, in the year-ago period. Its revenue surged 16% to $1.24 billion. However, analysts were expecting earnings of $0.16 per share on revenue of $1.24 billion. Dish Network Corp DISH posted a 24% rise in its fourth-quarter earnings. Dish Network added 22,000 net subscribers in the recent quarter. Dish Network's quarterly profit surged to $313 million, or $0.70 per share, from $252 million, or $0.56 per share, in the year-ago period. Its revenue surged 13% to $3.63 billion. However, analysts were expecting earnings of $0.61 per share on revenue of $3.62 billion. Tenaris SA TS posted a 25% rise in its fourth-quarter earnings. Tenaris' quarterly profit surged to $399.6 million, or $0.68 per American depositary share, versus a year-ago profit of $321 million, or $0.55 per ADS. Its net sales surged 33% to $2.75 billion. However, analysts were expecting a profit of $0.63 per share on revenue of $2.66 billion. Royal Bank of Scotland Group PLC RBS swung to a fourth-quarter loss. Royal Bank of Scotland posted a quarterly loss of £1.8 billion, versus a year-ago profit of £12 million. Its revenue dropped to £5.92 billion from £7.14 billion. RBS' core operating profit declined 36% to £1.06 billion from £1.67 billion. British American Tobacco PLC BTI posted a 7.5% increase in its profit for the year ended 2011. British American Tobacco's net profit for the period climbed to 3.1 billion pounds ($4.86 billion), from 2.88 billion, in the year-earlier period. Its revenue gained 3% to 15.4 billion pounds, and climbed 7% on an organic basis. Credit Agricole SA CRARY posted a wider Q4 loss. Credit Agricole posted a quarterly loss of €3.07 billion, versus a year-ago loss of €328 million. Its revenue came in at €4.66 billion. However, analysts were expecting a loss of €2.7 billion. Safran SA SAFRY posted a 27% surge in its full-year net profit for 2011. Safran's net profit rose to EUR644 million, versus analysts' estimates of EUR685.6 million. Its recurring operating profit jumped 35% to EUR1.19 billion. However, its revenue climbed 9.1% to EUR11.74 billion. Swiss Re SSREF posted a strong rise in its net profit in 2011. Swiss Re's net profit for the period surged to $2.63 billion, beating analysts' estimates. Its earnings per share surged 157% to CHF6.79, from CHF2.64. Swiss Re announced its plans to raise its dividend to CHF3 per share from CHF2.75 per share. Deutsche Telekom AG DTEGY projects its operating profit to decline this year. Deutsche Telekom expects earnings before interest, taxes, depreciation, amortization and one-off items, or adjusted EBITDA to drop to about EUR18 billion this year. Deutsche Telekom posted its 2011 operating profit at EUR18.69 billion, versus EUR19.47 billion, in the year-ago period. Deutsche Telekom's net loss in the final quarter came in at EUR1.34 billion, versus a year-ago loss of EUR514 million. Its sales dropped 3.7% in the quarter. Virgin Australia Ltd VBHLF posted a surge in its first-half profit. Virgin Australia's net profit for the period climbed to A$51.8 million, versus A$23.8 million, in the year-ago period. Its underlying pre-tax profit surged 34% to A$96.1 million, versus analysts' expectations of A$63.4 million.