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Zynga (NASDAQ:ZNGA) and Hasbro’s (NYSE:HAS) partnership sees the introduction of its first “physical” game running on a memory card and based on Farmville. Zynga may be readying more acquisitions as its M&A team looks over developers of “hardcore” online games a sign that Zynga is looking to find new ways to counter slowing growth. Zynga reports Q2 today.
Don’t Miss: Boeing Earnings: BEATS Forecasts.
Bakery-cafe chain Panera Bread (NASDAQ:PNRA) delivers an outstanding Q2 beating all estimates: net earnings were up 24 percent y-on-y with same-store sales doing much better than expectations as they grew 7.1 percent at company outlets and 4.8 percent at franchises. The company’s fresh EPS guidance for FY12, at $5.72 – $5.78 per share, is above market expectations of $5.69.
Mattress maker Tempur-Pedic (NYSE:TPX) delivers a Q2 beat notwithstanding slumping profits given the tough competition in its North American operations. However, the results were better than the company’s own guidance last month of a 50 percent fall in revenues and earnings. Recent share repurchases have resulted in a lower number of shares outstanding, leading the company to revise upwards its EPS forecast for the full year to $2.80 a share.
Boeing’s (NYSE:BA) Q2 results show commercial airline operations taking up the slack from the defense business: net profit grows 2.8 percent to $967 million as the commercial airplane division delivers a stellar 34 revenue growth to $11.8 billion and deliveries zoom 27 percent. FY guidance is improved again, with EPS of $4.40-4.60 against $4.15-4.35 previously guided and consensus of $4.56; revenue guidance is also up by $1.5 billion to $79.5-81.5 billion against a consensus of $79.54 billion.
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