This week has been a busy one for earnings reports all around the markets, and the last couple of days have been no exception, for sure. After Thursday’s market closing, there has been a flurry of earnings reports, so to help you out, we’re recapping the earnings from Thursday evening by the biggest companies (those with market caps of $5 billion or more).
$10 BILLION-PLUS MARKET CAP
The most-anticipated report was from Facebook (NASDAQ:FB), which posted its first since going public in May. In anticipation, the stock dropped 8.5 percent during the day, and then the report – an EPS of 12 cents was equal with estimates, while revenue of $1.18 billion beat estimates by $30 million and was a 32-percent hike over the same quarter a year ago. Immediately, shares jumped 4 percent; but once the details were revealed (200 percent more expenses, nearly half the cash reserves), the stock dropped another 10 percent from its close, down to about $24.25 a share.
Starbucks Corporation (NASDAQ:SBUX) did pretty well during the day, advancing about 4 percent to nearly $52.50 a share, but then the company reported an EPS of 43 cents and revenue of $3.3 billion, missing estimates by 2 cents and $30 million, respectively. Though revenues were up 13 percent over 2011, the miss sent the stock in reverse, shedding more than 10 percent off its close to less than $47 a share.
Amazon.com Inc. (NASDAQ:AMZN) moved up about 1.3 percent during the day to close at about $220 a share before it announced its quarterly earnings. The EPS of 1 cent missed estimates by 1 cent, and revenue of $12.8 billion was $60 million short of estimates, which dropped the stock 7 percent after the close. Despite that, and a projection of an operating loss in the current quarter, the price rebounded from its losses and was up 1.5 percent to $223.25 a share.
Biotech medicine firm Amgen Inc. (NASDAQ:AMGN) saw a good day get even better after-hours. The stock gained 1.7 percent during the day, then got a boost when the company reported EPS of $1.61 (beating estimates by 7 cents) and revenue of $4.48 billion (a $400 million beat). Lapping the estimates got investors excited, and the stock spiked nearly 5 percent after the bell to $83 a share.
Waste material-handling company Republic Services, Inc. (NYSE:RSG) has a slightly positive day, moving slightly higher during the day. In its report, it cited an EPS of 59 cents which beat estimates by 10 cents, but a revenue number of $2.06 billion missed the mark by $30 million. This will be one to watch when Friday’s market opens.
Pharmaceutical company Gilead Sciences, Inc. (NASDAQ:GILD) moved up about 1 percent on the day before announcing its earnings. With an EPS of 99 cents topping estimates by 4 cents and revenue of $2.41 billion topping by $120 million (and a 14-percent rise over 2011), the stock moved another 2.5 percent higher after-hours to $53 a share.
A related company, healthcare IT giant McKesson Corporation (NYSE:MCK) fell slightly on the day prior to its earnings release. The numbers were mixed for investors; while EPS of $1.55 topped estimates by 7 cents, revenue of $30.8 billion was $300 million short of projections. Which number will investors take to heart Friday will be something to watch.
Property-and-casualty insurance holding company The Chubb Corporation (NYSE:CB) was slightly in the green Thursday, up less than 1 percent before releasing its earnings. The company reported EPS of $1.37, which shattered estimates by 23 cents per share. A stock uptick may be in order Friday.
IT software management company CA, Inc. (NASDAQ:CA) saw its stock rise by 2.5 percent during the trading day, but momentum slowed with the earnings – while the EPS of 63 cents beat estimates by 2 cents, revenue of $1.13 billion was actually down from 2011 numbers. As a result, the stock backed up slightly after-hours, down about 0.7 percent to $26.14 a share.
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Analog circuit manufacturer Maxim Integrated Products, Inc. (NASDAQ:MXIM) posted EPS of 45 cents, which beat estimates by 6 cents, while revenue of $605 million was in-line. Stock was up nearly 2 percent on the day to $26.01.
Insurance company Cincinnati Financial Corporation (NASDAQ:CINF) reported an EPS of 17 cents and total revenue of $1.02 billion, which beat estimates by 5 cents and $280 million, respectively. The stock closed up 1.25 percent to north of $37.50.
Nanoelectronics company KLA-Tencor Corporation (NASDAQ:KLAC) reported an EPS of $1.49 and revenue of $892.5 million, which beat estimates by 18 cents and $19 million respectively. After being up 1.5 percent during the day, the stock has retreated by nearly 3.5 percent after the close to $48.
Insurance carrier Principal Financial Group Inc. (NYSE:PFG) reported an EPS of 72 cents, which missed estimates by 2 cents. The stock was up 2. percent during the day and gained another third of a point after-hours to nearly $25.75.
Online travel company Expedia Inc. (NASDAQ:EXPE) reported quarterly EPS of 76 cents and revenue of $1.04 billion, both of which topped estimates by 5 cents and $150 million, respectively. The stock was up 3.3 percent during the day, and gained more than 13 percent more after-hours, to nearly $52.