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E. I. du Pont de Nemours and Company (DuPont) (NYSE:DD) reported its results for the fourth quarter. Net income for the conglomerates company fell to $373 million (40 cents per share) vs. $376 million (40 cents per share) a year earlier. This is a decline of 0.8% from the year earlier quarter. Revenue rose 13.8% to $8.43 billion from the year earlier quarter. DD reported adjusted net income of 35 cents per share. By that measure, the company beat the mean estimate of 33 cents per share. Analysts were expecting revenue of $8.53 billion.
“We delivered exceptional full-year results in 2011 despite significant market headwinds late in the year,” said DuPont Chair and CEO Ellen Kullman. “Our market-driven science continues to meet customer needs in food, energy and protection. Acquisitions in Nutrition & Health and Industrial Biosciences, coupled with robust and disciplined productivity efforts across our businesses, contributed to our successful performance. We remain well-positioned to serve customers and innovate as key markets rebound and global population growth drives new opportunities.”
Competitors to Watch: The Dow Chemical Company (NYSE:DOW), FMC Corporation (NYSE:FMC), PPG Industries, Inc. (NYSE:PPG), 3M Company (NYSE:MMM), Honeywell Intl. Inc. (NYSE:HON), Akzo Nobel N.V. (AKZOY), Rockwood Holdings, Inc. (NYSE:ROC), Monsanto Company (NYSE:MON), PolyOne Corporation (NYSE:POL), and Ashland Inc. (NYSE:ASH).
International Game Technology. (NYSE:IGT) reported its results for the first quarter. Net income for the diversified computer systems company fell to $49.3 million (16 cents per share) vs. $73.7 million (25 cents per share) a year earlier. This is a decline of 33.1% from the year earlier quarter. Revenue fell 1.3% to $445.5 million from the year earlier quarter. IGT reported adjusted net income of 17 cents per share. By that measure, the company fell short of mean estimate of 22 cents per share. It fell short of the average revenue estimate of $484.6 million.
“Our first quarter results – generating $100 million of operating income and over $160 million of Adjusted EBITDA – demonstrate the diversity we have built into our global business model and into our profitability. Our international business and gaming operations business continue to show strength and our cost controls remain tight,” said Patti Hart, CEO of IGT. “We anticipate revenues and profit margins strengthening throughout the year and we remain on track to meet our fiscal year 2012 operating goals.”
Competitors to Watch: WMS Industries Inc. (NYSE:WMS), Shuffle Master, Inc. (NASDAQ:SHFL), Multimedia Games, Inc. (NASDAQ:MGAM), GameTech International (NASDAQ:GMTC), Scientific Games Corp. (NASDAQ:SGMS), Bally Technologies Inc. (NYSE:BYI), Gaming Partners Intl. Corp. (NASDAQ:GPIC).
Electronics for Imaging Inc. (NASDAQ:EFII) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the computer peripherals company rose to $11.5 million (25 cents per share) vs. $8 million (17 cents per share) in the same quarter a year earlier. This marks a rise of 42.6% from the year earlier quarter. Revenue rose 12.4% to $163.1 million from the year earlier quarter. EFII reported adjusted net income of 36 cents per share. By that measure, the company beat the mean estimate of 28 cents per share. It beat the average revenue estimate of $159.7 million.
“Our eighth consecutive quarter of double-digit revenue growth, which reflects records for both our Inkjet and APPS segments, completes a very successful year for EFI on many levels. Our team delivered 17% revenue growth in 2011, an approximate 90% increase in non-GAAP net income growth, strong cash flow from operations, and a record level of recurring revenue,” said Guy Gecht, CEO of EFI. “We are excited about the opportunities ahead and plan to accelerate our innovation while continuing to execute on our strategy enabling customers to profit from the transition of analog print to digital technology while driving efficiencies in their businesses.”
Competitors to Watch: Gerber Scientific, Inc. (NYSE:GRB), Canon Inc. (NYSE:CAJ), Xerox Corporation (NYSE:XRX), Sony (NYSE:SNE), Presstek, Inc. (NASDAQ:PRST), Hewlett-Packard Company (NYSE:HPQ) and Duoyuan Printing, Inc. (NYSE:DYP).
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