How Regions Financial Corporation (RF), Omnicom Group Inc. (OMC), and Three Other Companies Performed Last Quarter?

W.W. Grainger Inc. (NYSE:GWW)’s shares have plunged by more than 4% despite the company posting top- and bottom-line results that were ahead of estimates. The company’s earnings of $3.06 per share, surpassed the consensus estimate of $3.02 per share, while its revenue of $2.6 billion topped the expectations by $10 million. W.W. Grainger expects its full-year EPS to be in the range of $11.40 to $11.70. A total of 19 funds from our database reported positions in W.W. Grainger Inc. (NYSE:GWW) worth about $719 million as of the end of June.

On the other hand, Stepan Company (NYSE:SCL)’s stock has surged by more than 10% so far today on the back of the company’s third-quarter results. The company’s net income of $1.06 per share went up by an annual 16% and soundly beat the estimates by $0.11, while revenue inched up by 2% on the year to $445 million and topped the consensus estimate by $380,000. In a press release, Stepan Company’s President and Chief Executive Officer, F. Quinn Stepan, Jr. said: “After a record nine months, we anticipate headwinds in the fourth quarter due to higher raw material costs versus fourth quarter of 2015, scheduled maintenance shutdown of our phthalic anhydride unit and accelerated depreciation resulting from the closure of our Canadian plant.” A total of 11 funds we track amassed around $41 million worth of Stepan Company (NYSE:SCL)’s stock at the end of June, down from 16 funds holding stock worth $44 million a quarter earlier.

Synovus Financial Corporation (NYSE:SNV) reported strong earnings for the third quarter as its earnings of $0.52 per share, beat the expectations of $0.50. However, the company’s revenue of $294.2 million fell short of the consensus estimate of $295.5 million. Synovus Financial Corporation also said it had started an accelerated share repurchase agreement worth $50 million in September. At the end of June, 22 investors from our database held shares of Synovus Financial Corporation (NYSE:SNV), down by four over the quarter.

Disclosure: none