🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Q2 Earnings From GOOGL,HAL,HAS

Published 07/23/2017, 11:07 PM
Updated 07/09/2023, 06:31 AM
AA
-
GOOGL
-
VFC
-
HAL
-
SWK
-
HAS
-
GOOG
-
ARNC
-

The big name reporting earnings today will be Alphabet (NASDAQ:GOOGL) , but not until after the closing bell this afternoon. Never fear, though — there are plenty of other firms pushing out Q2 earnings results in the meantime:

Oil field services provider Halliburton (NYSE:HAL) posted 23 cents per share on quarterly revenues of $4.96 billion. Both numbers easily topped expectations of 19 cents per share and $4.84 billion in sales. Improved performance in both North and South America were cited as improvements in the company’s Q2, as was operating income in its Completion & Production segment, which swung to $397 million from a loss of $32 million this time a year ago. The Zacks Rank #3 (Hold) company is trading up 2.5% in today’s pre-market.

Stanley Black & Decker (NYSE:SWK) also beat the Zacks consensus estimates on both top and bottom lines: $2.01 per share and $3.23 billion in revenues outperformed the $1.96 and $3.17 billion expected, respectively. This marks at least the fifth straight positive earnings surprise for the Zacks Rank #3 company, which also bumped up its guidance range for fiscal 2017 by a dime on both top and bottom ends.

Toy-making giant Hasbro (NASDAQ:HAS) reported a mixed Q2 report this morning, beating the bottom-line estimate by 7 cents to 53 cents per share. Quarterly sales, however, narrowly missed the $973 million expected in the Zacks consensus. Yet franchise brand sales were up 21% year over year (these include popular brand names such as Monopoly, Transformers and My Little Pony), on quarterly sales up 10.6%. Shares are selling off roughly 5% in today’s pre-market, however, as the stock is up 40% year to date.

Retail brand company VF Corporation (NYSE:VFC) beat expectations narrowly on top and bottom lines this morning, by a penny on the bottom line to 29 cents per share, and by roughly 3% on the top line to $2.36 billion. Strength in the company’s largest brands — among them Wrangler jeans, The North Face, Timberland and Nautica — boosted the company’s fortunes in the quarter. VF Corp. also announced Executive Chairman Eric Wiseman will be stepping down as of late October, to be replaced by President & CEO Steven Rendle.

Finally, a Q2 beat for Arconic (NYSE:ARNC) in both earnings and sales has come out this morning, reporting a 6-cent beat to 32 cents per share and $3.23 billion topping the $3.18 billion in revenues anticipated. The spin-off from Alcoa (NYSE:AA) in Q4 2016 also bumped up its 2017 EPS guidance from $1.15 per share to $1.20. The company appears to be on fairly sound footing considering the shakeup not only regarding the spin-off but the sudden departure of former CEO Klaus Kleinfeld this past spring.



Alphabet Inc. (GOOGL): Free Stock Analysis Report

Stanley Black & Decker, Inc. (SWK): Free Stock Analysis Report

Alcoa Corp. (AA): Free Stock Analysis Report

Arconic Inc. (ARNC): Free Stock Analysis Report

Halliburton Company (HAL): Free Stock Analysis Report

V.F. Corporation (VFC): Free Stock Analysis Report

Hasbro, Inc. (HAS): Free Stock Analysis Report

Original post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.