AT&T REPORTS 10% Growth and 4 HOT Stocks Making Moves

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Altria (NYSE:MO) reported Q2 earnings that rose 9.3 percent excluding special items and improved the lower rung of its outlook for the full year of 2012 to $0.02 – $2.19, up 7-9 percent over 2011. On buybacks, it paid out an average of $32.37 per share on a total Q2 purchase of $66 million, and should exhaust the remainder of $312 million by the end of the year.

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Earnings at Under Armour (NYSE:UA) were up 6 percent y-on-y while the company raises its 2012 guidance as it expects revenues to be higher by 22-24 percent, earnings up 26-27 percent with gross margins falling to 45.9 percent from 46.3 percent last year. SG&A expenses to fall to 42.7 percent from 42.4 percent.

AT&T (NYSE:T) reports 10 percent growth in earnings y-on-y with wireless operating margins up to 30.3 percent from last year’s 26.9 percent. Sales of smartphones were 5.1 million units, iPhone activations were 3.7 million while 61.9 percent of its post-paid subscriber base have smartphones compared to only 49.9 percent last year.

Net interest rate margins improved to 3.16 percent at Regions Financial (NYSE:RF) helping net interest income to rise 1.3 percent sequentially. Loan portfolio grows on the average by 4 percent while the consumer loan category shrinks 1 percent; non-performing loans are down 11 percent and charge-offs lower by 20 percent; loan loss allowance is lower by 29 bps to 3.01 percent but NPL coverage ratio is better by 2 percent to 1.20x.

UPS (NYSE:UPS) tones down FY2012 guidance in view of greater market uncertainty in the second half and lowered economic growth expectations. Expected EPS is now in the band $4.50-$5.00 compared to earlier guidance of $4.75-$5.00. Analysts, however, expected $4.83.

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