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.

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

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

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!