Earnings Roundup: HAL, HAS, DAL, MMR, PETS, EDU
Monday, July 19, 2021 10:07 AM

Related Stories

Halliburton Co. (NYSE: HAL) said Monday that its second-quarter net income jumped 83% from last year, helped by increased activity in the unconventional natural gas and oil basins in North America. Net income surged to $480 million or 53 cents a share, from $262 million or 29 cents a share in the prior-year quarter. Income from continuing operations totaled $474 million or 52 cents per share in the latest quarter. Revenue grew 26% to $4.39 billion from $3.49 billion in the same quarter last year. Analysts, on average, expected the company to report earnings of 37 cents per share on revenue of $4.09 billion. "We are taking appropriate actions to mitigate the impact of the reduced activity in our Gulf of Mexico business, including redeploying our people and equipment to other areas of stable or increasing activity. Despite these moves, we estimate that the deepwater drilling suspension will negatively impact our earnings by $0.05-$0.08 per quarter for the remainder of 2010," stated Dave Lesar, chairman, president and chief executive officer. Shares of oilfield-services giant jumped 4.80% to $28.83 in morning trading.

Delta Air Lines Inc. (NYSE: DAL) reported Monday that it swung to a second-quarter profit of $467 million, or 55 cents a share, from a loss of $257 million, or 31 cents a share, in the year-earlier quarter. Operating revenue jumped 17% to $8.17 billion from $7 billion. Analysts, on average, expected the company to report earnings of 63 cents per share on revenue of $8.27 billion. Delta generated more than $1 billion in operating cash flow and ended the June 2010 quarter with $6.0 billion in unrestricted liquidity. "Delta's profit this quarter is our best result in a decade and proof that our plan has positioned us well as the economy begins its recovery," said Richard Anderson, Delta's chief executive officer. Shares of the airline company plunged 8.62% to $10.71 in morning trading.

Hasbro (NYSE: HAS) on Monday reported that its second-quarter profit increased to $43.6 million, or 29 cents a share, from $39.3 million, or 26 cents a share. Adjusted earnings rose to $43.7 million from $40.4 million in the comparable quarter last year. Revenue dropped 7% to $737.8 million from $792.2 million. Analysts, on average, expected the company to report earnings of 24 cents per share on revenue of $748.26 million. "We continue to expect our revenues to be more heavily weighted to the second half of the year as our major initiatives are beginning to launch,” said Brian Goldner, Hasbro President and Chief Executive Officer. "Accordingly, we still believe we should be able to grow revenues and earnings per share for the full year 2010, including the dilution from our television investments and barring a further decline in foreign exchange, consumer spending or global economic conditions." Hasbro shares fell 0.68% to $39.23.

McMoRan Exploration Co. (NYSE: MMR) reported that its second-quarter net loss narrowed to $21.75 million, or 23 cents per share, compared with a loss of $100.61 million, or $1.40 per share, in the comparable quarter last year. Net loss per share from continuing operations narrowed to $0.22 from $1.36 in the same period last year. Quarterly revenue increased to $108.04 million from $96.55 million. Analysts, on average, expected the company to report a loss of 22 cents per share on revenue of $105.61 million. McMoran Exploration dropped $1.01 or 0.68% to $39.23 in morning trading.

PetMed Express, Inc. (NASDAQ: PETS) said that its first quarter net income fell to $7.2 million, or 32 cents per share, compared to $8.1 million or 36 cents per share, in the year-ago period. Revenue slipped 3.6% to $74.4 million from $77.2 million. Analysts, on average, expected the company to report earnings of 38 cents per share on revenue of $81.10 million. PetMed Express sank $1.53 or 8.68% to $16.09 in morning trading.

New Oriental Education & Technology Group (NYSE: EDU) said Monday that its fiscal-fourth quarter profit jumped 118.7% to US$ 5.77 million from US$ 2.64 million a year ago. On an ADS basis, earnings totaled US$ 0.15, up from US$ 0.07 a year earlier. Adjusted net income climbed to US$ 9.04 million from US$ 7.12 million in the corresponding quarter last year. On an ADS basis, adjusted net income rose to US$ 0.23 from US$ 0.19 last year. Analysts, on average, expected the company to report earnings of $0.13 cents per share on revenue of $78.96 million.

Disclosure: Author doesn’t own any of the stocks discussed here.



Symbol :


Market news:

  • Bones found on island might be Amelia Earhart's Dec 18, 2021 01:02 AM

    • NORMAN, Okla. - The three bone fragments turned up on a deserted South Pacific island that lay along the course Amelia Earhart was following when she vanished.
    • Now scientists at the University of Oklahoma hope to extract DNA from the tiny bone chips in tests that could prove Earhart died as a castaway after failing in her 1937 quest to become the first woman to fly around the world.
    • "There's no guarantee," said Ric Gillespie, director of the International Group for Historic Aircraft Recovery, a group of aviation enthusiasts in Delaware that found the pieces of bone this year while on an expedition to Nikumaroro Island, about 1,800 miles south of Hawaii.
      • $7.2B is recovered for Madoff's victims Dec 18, 2021 01:02 AM

        • NEW YORK - Many of Bernard Madoff's victims who thought they lost everything could get at least half their money back after the widow of a Florida philanthropist agreed Friday to return a staggering $7.2 billion that her husband reaped from the giant Ponzi scheme.
        • Picower was the single biggest beneficiary of Madoff's fraud.
        • He commended Picower's widow, Barbara, "for agreeing to turn over this truly staggering sum, which really was always other people's money."
          • SKorea to hold firing drills despite NKorea threat Dec 18, 2021 01:02 AM

            • SEOUL, South Korea - South Korea said Saturday it will go ahead with artillery drills on a border island shelled by North Korea last month despite Pyongyang's threat to retaliate again, as Russia and China expressed concerns over tension on the volatile peninsula.
            • Four people died last month in the North's attack on Yeonpyeong Island near the tense sea border.
            • However, Russia's Foreign Ministry expressed its "extreme concern" Friday over the drills and urged South Korea to cancel them to prevent a further escalation of tension.
              • WikiLeaks chief says US preparing to indict him Dec 18, 2021 01:02 AM

                • BUNGAY, England - The founder of WikiLeaks said Friday he fears the United States is preparing to indict him, but insisted that the government secret-spilling site would continue its work despite what he calls a dirty tricks campaign against him.
                • Julian Assange spoke from snowbound Ellingham Hall, a supporter's 10-bedroom country mansion where he is confined on bail as he fights Sweden's attempt to extradite him on allegations of rape and molestation.
                • Attorney General Eric Holder has said repeatedly a criminal investigation of the WikiLeaks' continuing release of some 250,000 secret U.S. State Department cables is under way and that anyone found to have broken the law will be held accountable.
                  • CIA chief pulled from Pakistan; drones kill 54 Dec 18, 2021 01:02 AM

                    • ISLAMABAD - The CIA yanked its top spy out of Pakistan after his cover was blown and his life threatened, and 54 suspected militants were killed in a U.S. drone missile attack Friday in stark new signs of the troubled relationship between mistrustful allies locked in a war on terror groups.
                    • The CIA's decision to remove its Islamabad station chief comes at a pivotal moment.
                    • A lawsuit filed last month in New York City in connection with the 2008 terror attacks in Mumbai, India, also may have raised tensions, by naming Pakistan's intelligence chief as a defendant.

                      More news


    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
jomariXXXXX CVG$0.31
mrbilltraderXXXXX POT$1.59
sam farahanXXXXX TECD$0.95
adfgafg ERTS$0.48