Pre-Market Earnings (HAL, DOV, DGX, JAKK)
Halliburton Company (NYSE:HAL) shares climbed over 2% in the pre-market session as the company reported higher-than-estimated first-quarter profit. The company earned $627 million or $0.68 a share, up from a year ago profit of $511 million or $0.56 a share. On an adjusted basis, the company would have earned 89 cents a share, ahead of analysts’ estimates by 4 cents. Revenue during the quarter grew to $6.9 billion, from $5.28 billion a year ago. Analysts were estimating the company to report revenue of $6.78 billion for the quarter.
Dover Corporation (NYSE:DOV) reported a higher than estimated first-quarter profit. The company’s profit during the latest quarter jumped to $196.06 million or $1.05 a share from a year ago profit $194.91 million or $1.03 a share. On an adjusted basis, the company earned $102 a share, Topping analysts’ estimates by 3 cents. Revenue during the quarter also grew to $2.06 billion, from $1.81 billion a year ago. Analysts were estimating revenues of $2.00 billion. The revenue increase was primarily driven by organic growth of 9% and a 5% increase from acquisitions.
Quest Diagnostics Inc (NYSE:DGX) shares jumped in the pre-market session as the company swung to first quarter profit and lifted full year earnings projections. The company earned $159.1 million, reversing a year ago loss of $53.9 million. Adjusted income from continuing operations came at $1.07 a share, ahead of analysts’ estimates by 6 cents. Net revenues for the quarter fell to $1.64 billion from a year ago revenue of $1.79 billion, missing analysts’ estimates of $1.88 billion for the quarter.
Looking ahead, the company now projects to earn $4.45 and $4.60 per a share on revenue growth of 2% and 2.5%, analysts are estimating the company to report earnings of $4.54 per share on revenues of $7.68 billion. Earlier, the company had forecasted $4.40 – $4.55 per share, on anticipated revenue growth of 2 to 2.5% from fiscal 2011.
JAKKS Pacific, Inc.(NASDAQ:JAKK) reported an increase loss in its first-quarter. The company posted a loss of $16.0 million, or $0.62 a share, up from a year ago loss of $10.6 million, or $0.39 a share. The latest quarter result included $1.4 million, or $0.03 per diluted share, related to financial and legal advisory fees and expenses.
Revenue during the latest quarter grew to $73.4 million, from $72.3 million a year ago.
Analysts were estimating a loss of $0.61 per share on revenues of $68.83 million.