UPS, Moneygram, Bloomin’ Brands and Two Other Stocks Trending on Latest Earnings Results

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Bloomin’ Brands Sees $9.2 Million Loss in Q2

Bloomin’ Brands Inc (NASDAQ:BLMN)’s stock is trending today after the company reported a loss of $9.2 million for the second quarter. Its adjusted EPS amounted to $0.30, in-line with the analyst estimates, while revenue of $1.08 billion missed the consensus estimate of $1.09 billion. The dining restaurant chain also reported a 2.3% decline in comparable restaurant sales for the quarter. For the full year, the company expects to earn $1.35 per share. Charles Paquelet’s Skylands Capital is one of 24 funds from our database that owned shares of Bloomin’ Brands Inc (NASDAQ:BLMN) at the end of the first quarter.

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Moneygram International Misses Estimates

Moneygram International Inc (NASDAQ:MGI) is in the spotlight after the company missed second-quarter estimates. The Dallas, Texas-based money transfer company posted EPS of $0.15, lower than estimates of $0.21 and its revenue of $383.7 million missed analysts’ expectations of $389.16 million. For full fiscal 2016, the company now expects revenue growth of 7% to 9% on a constant currency basis. MoneyGram’s CEO, Alex Holmes, said that the company’s top-line performance was affected by geopolitical uncertainties in several countries. David Abrams’ Abrams Capital Management owns 5.1 million shares of Moneygram International Inc (NASDAQ:MGI) as of the end of the first quarter.

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UPS Posts Strong Revenue Growth

United Parcel Service, Inc. (NYSE:UPS)’s stock inched down after the company released second-quarter results with revenue of $14.63 billion missing the estimates of $14.65 billion. Nevertheless, the company earned $1.43 a share, in-line with analysts’ estimates and it showed strong revenue growth due to a solid output from its domestic and international package divisions. UPS also reaffirmed its full 2016 EPS guidance of $5.70 to $5.90. Among the funds tracked by us, 36 funds held stakes in United Parcel Service, Inc. (NYSE:UPS) at the end of March.

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