Earning Plays

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Friday, March 13
Energy stocks move up in early action (9:37 am ET)
NEW YORK (MarketWatch) -- Energy stocks continued their winning ways in early action on Friday as the broad market and crude prices both provided a lift. Exxon Mobil (XOM: news, chart, profile) advanced 20 cents to $67.35. Chevron (CVX: news, chart, profile) rose 30 cents to $63.70. Both oil majors are components of the Dow Jones Industrial Average ($DJ: news, chart, profile) , which rose 35 points. The Amex Natural Gas Index (XNG: news, chart, profile) rose 0.6% to 330. The Amex Oil Index (XOI: news, chart, profile) rose 0.3% to 846. Crude prices rose 28 cents to $47.31.
Nacco Industries swings to loss after goodwill charge(6:48 am ET)
LONDON (MarketWatch) -- Diversified manufacturing group Nacco Industries Inc. (NC: news, chart, profile) said Friday that it swung to a fourth-quarter net loss of $428.2 million, or $51.69 a share, from a profit of $51.9 million, or $6.27 a share, a year earlier. Total revenue for the quarter slipped 13% to $949.4 million. The loss was driven by a $431.6 million net write-off of goodwill and other intangible assets. Nacco said its lower sales were due to lower volumes across all its businesses. Excluding the charges, fourth-quarter earnings were $2.26 a share.
Thursday, March 12
Pacific Sunwear swings to net loss in fourth quarter(4:23 pm ET)
SAN FRANCISCO (MarketWatch) -- Pacific Sunwear of California Inc. (PSUN: news, chart, profile) late Thursday reported it swung to a net loss of $27.1 million, or 42 cents a share, in the fourth quarter, compared with a net income of $5.2 million, or 28 cents a share, a year ago. Results for the quarter include a 10-cent a share gain on the sale of the company's Anaheim distribution center and a non-cash impairment charge of 5 cents a share related to a reduction in the fair value of certain land that was held by the company for sale. Revenue slid to $351.7 million from $384.3 million last year. Analysts polled by FactSet Research had forecast losses of 45 cents a share. The retailer expects a loss of 26 cents to 31 cents a share in the first quarter. Wall Street is projecting the company to report a loss of 23 cents a share on average.