Q3 Earnings Roundup: COP, UAL, CME, NYT, AET

Q3 Earnings Roundup: COP, UAL, CME, NYT, AET

Some big names reported their quarterly earnings today, here is the breakup:

ConocoPhillips (NYSE:COP)

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The supermajor announced Q3 earnings before the markets opened today. The profits for the quarter came up to $1.8 billion, or 146 cents per share. The EPS is down from $2.62 billion, or 191 cents reported for the third quarter of 2011. The net profits have fallen 31 percent as the company now operates as an oil and gas producer, only after spinning off its refinery business . The company, Phillips 66  was formed in April of this year. The lower profits exclude earnings from the refinery business and numbers were also hurt by a 16 percent fall in natgas prices and a 3.7 percent decline in oil prices.

ConocoPhillips (NYSE:COP) shares rose more than 2 percent in trading today.

United Continental Holdings Inc (NYSE:UAL)

The newly merged company had a rough third quarter. Net profits were down at $6 million (or 2 cents per share) from $653 million ($1.69 per share) reported in the corresponding quarter of 2011. Revenue for the quarter amounted to $9.91 billion which is a 2.6 percent fall from last year. Traffic decreased by 1.5 percent, total paid fares fell 1.2 percent.

The company is suffering due to glitches in its system, which are keeping passengers at bay.

Shares for the airline fell over 2.7 percent today.


Total profits after taxes for the third quarter equaled $219 million (66 cents per share), which is less than $315 million (95 cents per share) reported for Q3 2011. Excluding taxes income came up to 70 cents a share. Revenue for the quarter amounted to $683 million, which is a 22 percent decline from the previous year.

The largest operator of US future exchanges is expected to generate more earnings in the upcoming quarters from boosting international expansion and increasing its presence in the swaps market.

Shares of CME Group Inc (NASDAQ:CME) have fallen more than 3 percent today, and are now trading in the range of $54.

The New York Times Company (NYSE:NYT)

The New York Times Company (NYSE:NYT) third quarter earnings suffered from falling advertising revenues. The EPS was down to 2 cents a share or $2.28 million, a major slide from EPS of 10 cents or $15.7 million, reported in the third quarter of 2011. Revenue for the quarter was $449 million, which is a 0.6 percent decline. Total advertising revenue fell 8.9 percent, which includes an 11 percent decline in print ads and 2.2 percent decline in online advertising.

Sales from distribution increased 7.4 percent, while paid online subscriptions rose 11 percent (as compared to Q2 2012). Shares of the company have dived 13 percent since the earnings call.

Aetna Inc. (NYSE:AET)

The commercial health insurer reported Q3 earnings on a positive note. EPS increased 2 percent, with 147 cents per share or $499.2 million, up from 130 cents per share or 490.4 million reported in the corresponding quarter of 2011. Revenue increased 5 percent to $8.92 billion. The premiums increased by 7 percent while operating expenses reduced 10 percent from cost cuts. The earnings exceeded Wall Street expectations.

Aetna Inc. (NYSE:AET) shares rose over 1.5 percent in response to the earnings call.