Here’s our summary of the most important earnings posted this morning:
Sprint Nextel Corporation (NYSE:S) It’s been a tough quarter for sprint. Analysts are bewailing the company’s deal to secure the iPhone and the company is left being in the 4G market after Lightsquared’s demise and the subsequent ending of the deal between the two companies. The company reported a loss 0f $863 million for the first quarter of 2012, a number that comes down to 15 cents per share. The firm’s revenue was up year on year to $8.73 billion. That may be a silver lining though the cloud is growing. The losses were expected to be much higher for the company and so it is up in the market but that does not mean an end to troubles at the firm.
Lee Ainslie's Maverick Capital had a difficult third quarter, although many hedge funds did. The quarter ended with the S&P 500's worst month since the beginning of the COVID pandemic. Q3 2021 hedge fund letters, conferences and more Maverick fund returns Maverick USA was down 11.6% for the third quarter, bringing its year-to-date return to Read More
Dr Pepper Snapple Group Inc. (NYSE:DPS) met analysts expectations dead on today posting earnings per share of 48 cents. That number is down on last years figures and should worry the group as it tries to grow in a competitive market. The firm’s revenue was equally in line with expectations at $1.36 billion. That figure is up year on year from 2011’s $1.33 billion. the firm faces heavy competition and greater costs on oil prices. The firm has not been as successful as many others in the market at exporting its brands to emerging markets, something it may have to consider for growth to continue.
US Airways Group Inc. (NYSE:LLC) had a fantastic year on year result to report this morning. The firm’s profit was $48 million up from a loss of $117 million last year. The company reported increases in its revenues of 10% year on year, to $3.27 billion the firm was expected to post a loss of 25 cents per share rather than the earnings of 28 cents it managed. The firm will be riding high on these numbers though oil prices will surely effect any future performance.
Wellpoint Inc. (NYSE:WLP) announced that its revenue was lower in the first quarter of the year compared with the same period last year. The firm announced an EPD of $2.53, up from $2.44 though that move is based on the fall in number of shared owned. The firm’s net profit was down 7.6% on the total figure. Revenues fell due to declining membership in the firm. Despite the less than rocketing first quarter the firm raised its own outlook for earnings for the full year though added a drop in overall revenue as a caveat.