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.

blog comments powered by Disqus
Insider Monkey Headlines
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

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!