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Monday, July 30, 2012 10:42:37 PM
EARNINGSWATCH _ Monday, July 30
Andarko posts net loss, adjusted tops targets(4:49 pm ET)
SAN FRANCISCO (MarketWatch) -- Anadarko Petroleum Corp. (APC: news, chart, profile) reported after close Friday second-quarter loss of $380 million, or 76 cents per share, reversing a year-ago profit of $544 million, or $1.08 a share. Adjusted to exclude one-time items, the company earned $424 million, or 85 cents a share, in the latest quarter. Revenue for the three-months ended June 30 fell to $3.22 billion from $3.68 billion. Analysts, who typically cite adjusted earnings, expected the The Woodlands, Texas-based company to earn 77 cents a share. Anadarko edged higher in after-hours to $72.24. Ahead of the report, the stock was down 13% in the last 12 months.
Humana shares fall 11% on lower earnings forecast(4:29 pm ET)
LOS ANGELES (MarketWatch) -- Shares of Humana Inc. (HUM: news, chart, profile) tumbled by more than 11% in after-hours trading Monday after the managed-care provider lowered full-year earnings expectations upon release of its second-quarter results. Humana said net income was $356 million, or $2.16 a share, a drop of more than 22% when compared with the $460 million, or $2.76 a share, from a year ago. Revenue was $9.7 billion against last year's $9.3 billion. The company reported a one-time charge of 18 cents a share, but said it had 15 cents a share in prior-year favorable medical claims reserve development. Analysts polled by FactSet Research had predicted earnings of $2.23 a share. The company lowered its earnings outlook to a range of $6.90 to $7.10 a share, from $7.38 to $7.58 a share. The FactSet estimate had been $7.90 a share. Humana cited higher-than-expected benefit ratios for Medicare Advantage patients.
Seagate shares fall 6% as results disappoint(4:16 pm ET)
SAN FRANCISCO (MarketWatch) -- Seagate Technology (STX: news, chart, profile) shares fell as much as 6% in after-hours trading after the computer hard-disk drive maker reported fiscal fourth-quarter results that fell short of Wall Street analysts' forecast. For the quarter ended June 29, Seagate said it earned $1.03 billion, or $2.41 a share, excluding one-time items, on revenue of $4.5 billion, while analysts surveyed by FactSet Research forecast Seagate to earn $2.50 a share on $4.55 billion.
HSBC net profit slips against 'difficult' backdrop(4:35 am ET)
MADRID (MarketWatch) -- HSBC Holdings PLC (UK:HSBA: news, chart, profile) on Monday reported a fall in first-half net profit as it cited a difficult global economic backdrop. Profit in the six months to June 30 fell to $8.44 billion against $9.22 billion in the year-ago period. Analysts polled by Dow Jones Newswires had forecast net profit of $8.3 billion. Net interest income fell to $19.38 billion from $20.24 billion in the year-ago period. Net trading income also slipped, to $4.52 billion from $4.81 billion. The bank had a Core Tier 1 capital ratio of 11.3%, up from 10.1% at the end of 2011. Return on average ordinary shareholders' equity was 10.5%, down from 12.3% in the year-ago period. The bank kept its dividend at $0.09 per share. Douglas Flint, group chairman of HSBC, said regulatory and compliance events overshadowed financial performance for the group and apologized for "mistakes in the past." He added that "economic activity over the next six months and beyond will be planned against a backdrop of unusually difficult conditions in which to assess risks and uncertainties."
http://www.marketwatch.com/news/markets/earningswatch.asp
Andarko posts net loss, adjusted tops targets(4:49 pm ET)
SAN FRANCISCO (MarketWatch) -- Anadarko Petroleum Corp. (APC: news, chart, profile) reported after close Friday second-quarter loss of $380 million, or 76 cents per share, reversing a year-ago profit of $544 million, or $1.08 a share. Adjusted to exclude one-time items, the company earned $424 million, or 85 cents a share, in the latest quarter. Revenue for the three-months ended June 30 fell to $3.22 billion from $3.68 billion. Analysts, who typically cite adjusted earnings, expected the The Woodlands, Texas-based company to earn 77 cents a share. Anadarko edged higher in after-hours to $72.24. Ahead of the report, the stock was down 13% in the last 12 months.
Humana shares fall 11% on lower earnings forecast(4:29 pm ET)
LOS ANGELES (MarketWatch) -- Shares of Humana Inc. (HUM: news, chart, profile) tumbled by more than 11% in after-hours trading Monday after the managed-care provider lowered full-year earnings expectations upon release of its second-quarter results. Humana said net income was $356 million, or $2.16 a share, a drop of more than 22% when compared with the $460 million, or $2.76 a share, from a year ago. Revenue was $9.7 billion against last year's $9.3 billion. The company reported a one-time charge of 18 cents a share, but said it had 15 cents a share in prior-year favorable medical claims reserve development. Analysts polled by FactSet Research had predicted earnings of $2.23 a share. The company lowered its earnings outlook to a range of $6.90 to $7.10 a share, from $7.38 to $7.58 a share. The FactSet estimate had been $7.90 a share. Humana cited higher-than-expected benefit ratios for Medicare Advantage patients.
Seagate shares fall 6% as results disappoint(4:16 pm ET)
SAN FRANCISCO (MarketWatch) -- Seagate Technology (STX: news, chart, profile) shares fell as much as 6% in after-hours trading after the computer hard-disk drive maker reported fiscal fourth-quarter results that fell short of Wall Street analysts' forecast. For the quarter ended June 29, Seagate said it earned $1.03 billion, or $2.41 a share, excluding one-time items, on revenue of $4.5 billion, while analysts surveyed by FactSet Research forecast Seagate to earn $2.50 a share on $4.55 billion.
HSBC net profit slips against 'difficult' backdrop(4:35 am ET)
MADRID (MarketWatch) -- HSBC Holdings PLC (UK:HSBA: news, chart, profile) on Monday reported a fall in first-half net profit as it cited a difficult global economic backdrop. Profit in the six months to June 30 fell to $8.44 billion against $9.22 billion in the year-ago period. Analysts polled by Dow Jones Newswires had forecast net profit of $8.3 billion. Net interest income fell to $19.38 billion from $20.24 billion in the year-ago period. Net trading income also slipped, to $4.52 billion from $4.81 billion. The bank had a Core Tier 1 capital ratio of 11.3%, up from 10.1% at the end of 2011. Return on average ordinary shareholders' equity was 10.5%, down from 12.3% in the year-ago period. The bank kept its dividend at $0.09 per share. Douglas Flint, group chairman of HSBC, said regulatory and compliance events overshadowed financial performance for the group and apologized for "mistakes in the past." He added that "economic activity over the next six months and beyond will be planned against a backdrop of unusually difficult conditions in which to assess risks and uncertainties."
http://www.marketwatch.com/news/markets/earningswatch.asp
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