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Boeing (NYSE:BA) reported third quarter 2012 earnings of $1 billion, or $1.35 per share, on revenue of $20 billion, a 13 percent increase from the quarter a year ago. Shares climbed as much as 2.95 percent in the morning market action as the company once again increased its guidance, but have since trailed off this afternoon. EPS estimates for 2012 are now between $4.80 and $4.95, and revenue is targeted at between $80.5 and $82 billion.
Dow Chemical (NYSE:DOW) reported third-quarter 2012 earnings per share of $0.42, versus $.069 in 2011. Sales decreased 10 percent for the quarter to $13.6 billion, led by Europe and adverse currency conditions. Price also declined by 9 percent. The company reduced its debt by nearly $250 million, in line with estimates. Dow climbed 4.87 percent in afternoon trading.
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The company also announced that it will cut about 5 percent of its workforce, or around 2,400 positions, as part of ongoing restructuring efforts.
Lockheed Martin (NYSE:LMT) announced its third-quarter 2012 results as well, highlighting net sales of $11.9 billion, earnings from continuing operations of $727 million, or $2.21 per diluted share, and a 15 percent dividend hike to $1.15 per share.
After the bell on Tuesday, Netflix (NASDAQ:NFLX) released third-quarter 2012 earnings per share of $0.13, that beats estimates by $0.09. However, revenue of $905 million misses by $4 million. Shares dropped as much as 17 percent on soft subscriber growth and mounting competition from Amazon (NASDAQ:AMZN) and others.
Facebook (NASDAQ:FB), which also released its third-quarter 2012 earnings after the bell on Tuesday, jumped 20 percent Wednesday afternoon. The company beat estimates and showed year-over-year revenue growth, and signs that new monetization efforts are workings.
AT&T (NYSE:T) also released third-quarter 2012 earnings, highlighting $0.63 diluted EPS versus $0.61 diluted EPS in the year-ago quarter, $3.8 billion in stock buy backs, and a record $11.5 billion cash from operations.
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