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Recap of Monday’s Large-Cap Earnings Reports

Compared to the flurry of earnings reports last week, the second half of earnings season started relatively slow Monday morning, but there were 17 large-cap companies ($1 billion or more in market cap) that reported their quarterly earnings before Monday’s open and in the first hour of trading. Here’s we’ll do a quick recap of the reports and how their stock is responding to the news.

Loews Corporation (NYSE:L)

Loews Corporation (NYSE:L): The stock is down more than 4 percent to less than $40 a share after reporting quarterly EPS of 14 cents (which is believed to not be apples-to-apples with analysts’ EPS of 75 cents) with revenue of $3.36 billion listing an increase of nearly 35 percent over the same period in 2011.

Boardwalk Pipeline Partners (NYSE:BWP): The company reported EPS of 30 cents, which was 5 cents better than estimates, with revenue of $276 million (a 5-percent increase over Q2 2011) missed estimates by $5 million.  The stock is down slightly to just less than $29 a share, where it began the day.

Lufkin Industries (NASDAQ:LUFK): The company stock is falling fast after reporting EPS of 66 cents that missed estimates by 16 cents. Revenue was reported at $306 million, nearly 35 percent higher than a year ago. However, the stock is down nearly 20 percent to $47.75 a share.

CIT Group (NYSE:CIT): Reported EPS of minus-35 cents, though that was a 14-cent beat of estimates. The stock is up nearly 4 percent as a result, to nearly $36.15.

CNA Financial (NYSE:CNA): The company reported an EPS of 62 cents, which actually beat estimates by 3 cents. However, the stock is down nearly 3 percent to $26.25.

UNS Energy (NYSE:UNS): Reported EPS of 64 cents, which was 1 cent better than estimates, but revenue of $367 million missed estimates by 2 million and was 0.7 percent lower than the same period of 2011. The stock is up slightly to about $41.40.

Compass Minerals International (NYSE:CMP): Quarterly EPS of 31 cents beat estimates by 4 cents, while revenue of $178.5 million was consistent with estimates. Shares are up about 1 percent to about $74.85.

Roper Industries (NYSE:ROP): Reported EPS of $1.15, which was in-line, but revenues of $725 million missed by $21 million. However, the stock is up more than 4 percent to $102.65 after the company reported it was buying Sunquest Information Systems for about $1.4 billion in cash.

MWI Veterinary Supply (NASDAQ:MWIV): Report lapped estimates, with EPS of $1.15 and revenue of $555 million topping $1.05 and $525 million expected. Stock is up nearly 10 percent to $101.50.

Armstrong World Industries (NYSE:AWI): Big misses; EPS of 71 cents and revenue of $710 million missed estimates by 7 cents and $53 million, respectively. Stock down more than 13 percent to $39.

Arrow Electronics (NYSE:ARW): Reported EPS of $1.11 and revenue of $5.15 billion, which missed estimates by 2 cents and $20 million, respectively. Stock down 1.5 percent to $34.35.

Diebold (NYSE:DBD): Reported EPS of 49 cents, which missed estimates by 9 cents. However, revenue of $743 million beat the Street by $12 million and was up 12 percent over Q2 2011. Stock is down 8 percent to $33.40 after company lowered its forward guidance.

Franklin Resources (NYSE:BEN): Quarterly EPS of $2.12 beats by 4 cents, while revenue of $1.78 billion missed by $20 million. Stock is up more than 2 percent to north of $114.50.

Lincoln Electric Holdings (NASDAQ:LECO): EPS of 81 cents and revenue of $744 million both missed estimates, by 5  cents and $52 million, respectively. Stock is down more than 9 percent to $40.40.

Mercury General (NYSE:MCY): EPS of 19 cents was 48 cents off of estimates, though revenue of $653 million beat estimates by $17 million. Stock is down nearly 5 percent to $38.80.

Old National Bancorp (NYSE:ONB): Beat EPS estimates by 5 cents with a report of 29 cents for the quarter. Stock is up 1 percent to $12.25.

UDR (NYSE:UDR): Reported an EPS of 33 cents, which was consistent with estimates. Stock is up slightly to just less than $27.

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