5 Key Stocks Selling Off After Earnings Reports Are Digested

Dendreon Corporation (NASDAQ:DNDN) narrowed its loss in the most recent quarter behind revenue growth. Loss narrowed to $103.9 million (loss of 70 cents per diluted share) from $112.8 million (loss of 77 cents per share) in the same quarter a year earlier. Revenue rose more than threefold to $82.1 million from the year-earlier quarter.  Dendreon Corporation reported an adjusted net loss of 59 cents per share. By that measure, the company beat the mean analyst estimate of a loss of 65 cents per share. Analysts were expecting revenue of $81.2 million.

Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) posted a decrease in profit as revenue declined. Net income for Freeport-McMoran Copper & Gold Inc. fell to $764 million (80 cents per share) vs. $1.5 billion ($1.57 per share) a year earlier. This is a decline of 49% from the year-earlier quarter. Revenue fell 19.3% to $4.61 billion from the year-earlier quarter. Freeport-McMoran Copper & Gold Inc. fell short of the mean analyst estimate of 93 cents per share. Analysts were expecting revenue of $4.54 billion.

Frontier Communications Corporation (NYSE:FTR) reported its first-quarter results Monday, with both revenue and earnings down compared to the previous year on decreases in the number of residential and business customers, switched access, data services, and video revenue. First-quarter revenue was $1.27 billion, off nearly 6 percent compared to last year’s revenue of $1.35 billion.

Northern Oil & Gas, Inc (NYSEAMEX:NOG) reported its results for the first quarter. Reported a profit of $8.8 million (14 cents per diluted share) in the quarter. Northern Oil & Gas, Inc had a net loss of $7.1 million or a loss 11 cents per share in the year-earlier quarter. Revenue rose 1899.5% to $50.5 million from the year-earlier quarter. Northern Oil & Gas, Inc reported adjusted net income of 23 cents per share. By that measure, the company fell short of mean estimate of 24 cents per share. It fell short of the average revenue estimate of $65.3 million.

Pitney Bowes Inc. (NYSE:PBI) reported net income above Wall Street’s expectations for the first quarter. Net income for Pitney Bowes Inc. rose to $158.6 million (79 cents per share) vs. $86.3 million (42 cents per share) in the same quarter a year earlier. This marks a rise of 83.7% from the year-earlier quarter. Revenue fell 1.7% to $1.3 billion from the year-earlier quarter. Pitney Bowes Inc. reported adjusted net income of 63 cents per share. By that measure, the company beat the mean estimate of 50 cents per share. Analysts were expecting revenue of $1.29 billion.