Tuesday Morning’s Notable Earnings: BP, Cummins, Deutsche Bank, Pfizer

After a relatively quiet Monday with earnings reports (fewer than 35 large-cap companies reported their earnings before and/or after the market yesterday), Tuesday is a very busy day on the Street. Twenty-nine large companies ($1 billion or more in market cap) were scheduled to report their earnings Tuesday morning, and and has become our daily constitutional here, let us highlight some of these earnings reports. We’ve distilled this list down to the companies with $15 billion or more of market cap, of which 13 of them reported this morning.

BP plc (ADR) (NYSE:BP)

BP (NYSE:BP) saw its shares drop pre-market by more than 4 percent to $40 after missing estimates on its earnings report. BP reported a loss of $1.38 billion while reporting that production of 2.275 million barrels of oil per day was was about 175,000 barrels off the same period in 2011.

Pfizer (NYSE:PFE) posted a strong earnings report Tuesday, posting an EPS of 52 cents and revenue of $15.1 billion, which shattered estimates by 8 cents and $200 million, respectively. The stock was up nearly 1 percent pre-market to nearly $24.

UBS (NYSE:UBS) is taking a pre-market hit as well, down nearly 4 percent to $10.65 after reporting that net profit was down 58 percent from a year ago and earnings were slashed 49 percent. The forecast wasn’t much better for investors.

Deutsche Bank (NYSE:DB) is up more than 3 percent pre-market to $31.25 despite reporting that its net income for the quarter was down 4 percent from the same period in 2011 and earnings per share dropped by the same rate. Net revenue was down 6 percent over a year earlier.

Tyco (NYSE:TYC) may be looking favorable at the open after its quarterly report revealed an EPS of $1.01 that eat estimates by 8 cents, with a revenue number of $4.5 billion being in-line with estimates. Revenue was up nearly 4 percent over the same period a year ago.

Thomson Reuters (NYSE:TRI) should get a decent morning bounce after its reported quarterly EPS of 54 cents and revenue of $3.31 billion in the quarter, which beat estimates by 3 cents and $100 million, respectively. Revenue was up 1 percent over the same period a year ago.

Ecolab (NYSE:ECL) reported its EPS of 72 cents, which was consistent with estimates. The revenue number of $2.96 billion, however, missed targets by $60 million – though it was 74 percent higher than the same period a year ago.

HCP (NYSE:HCP) is another company that may see a stock bounce after its report listed an EPS of 69 cents and revenue of $464 million, which beat estimates by 1 cent and $3 million, respectively. Revenue was down 5 percent from the prior year’s period, however.

Archer Daniels Midland (NYSE:ADM) was taking a per-market beating of nearly 5 percent to $26.15 after its quarterly EPS came in at 38 cents, which was a whopping 23 cents shorts of estimates. Revenue for the quarter, however, was $850 million more than estimated, at $22.6 billion.

Cummins (NYSE:CMI) was seeing a pre-market boost of about 4 percent to $94 after its earnings report showed EPS of $2.47, beating estimates by 20 cents, while reporting revenue of $4.45 billion, though that was 4 percent lower than in 2011.

Coach (NYSE:COH) stock dropped nearly 17 percent pre-market to $50.40 after reporting EPS of 86 cents and revenue of $1.16 billion. What sent the stock down was the pessimistic guidance, and the report that showed that store sales growth rose by 1.7 percent, which was far below estimates of 6 percent growth.

Public Service Enterprise Group (NYSE:PEG) was down slightly pre-market to just under $34 after reporting its quarterly EPS of 43 cents missed estimates by 2 cents.

Marathon Petroleum (NYSE:MPC) is up slightly pre-market to $47.60 and could bounce nicely after its report blew away estimates. The company reported EPS of $2.53 and revenue of $20.5 billion, which beat estimates by 7 cents and $1.9 billion, respectively.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!