Back to top
Read MoreHide Full Article

The big name reporting earnings today will be Alphabet (GOOGL - Free Report) , but not until after the closing bell this afternoon. Never fear, though — there are plenty of other firms pushing out Q2 earnings results in the meantime:

Oil field services provider Halliburton (HAL - Free Report) posted 23 cents per share on quarterly revenues of $4.96 billion. Both numbers easily topped expectations of 19 cents per share and $4.84 billion in sales. Improved performance in both North and South America were cited as improvements in the company’s Q2, as was operating income in its Completion & Production segment, which swung to $397 million from a loss of $32 million this time a year ago. The Zacks Rank #3 (Hold) company is trading up 2.5% in today’s pre-market.

Stanley Black & Decker (SWK - Free Report) also beat the Zacks consensus estimates on both top and bottom lines: $2.01 per share and $3.23 billion in revenues outperformed the $1.96 and $3.17 billion expected, respectively. This marks at least the fifth straight positive earnings surprise for the Zacks Rank #3 company, which also bumped up its guidance range for fiscal 2017 by a dime on both top and bottom ends.

Toy-making giant Hasbro (HAS - Free Report) reported a mixed Q2 report this morning, beating the bottom-line estimate by 7 cents to 53 cents per share. Quarterly sales, however, narrowly missed the $973 million expected in the Zacks consensus. Yet franchise brand sales were up 21% year over year (these include popular brand names such as Monopoly, Transformers and My Little Pony), on quarterly sales up 10.6%. Shares are selling off roughly 5% in today’s pre-market, however, as the stock is up 40% year to date.

Retail brand company VF Corporation (VFC - Free Report) beat expectations narrowly on top and bottom lines this morning, by a penny on the bottom line to 29 cents per share, and by roughly 3% on the top line to $2.36 billion. Strength in the company’s largest brands — among them Wrangler jeans, The North Face, Timberland and Nautica — boosted the company’s fortunes in the quarter. VF Corp. also announced Executive Chairman Eric Wiseman will be stepping down as of late October, to be replaced by President & CEO Steven Rendle.

Finally, a Q2 beat for Arconic (ARNC - Free Report) in both earnings and sales has come out this morning, reporting a 6-cent beat to 32 cents per share and $3.23 billion topping the $3.18 billion in revenues anticipated. The spin-off from Alcoa (AA - Free Report) in Q4 2016 also bumped up its 2017 EPS guidance from $1.15 per share to $1.20. The company appears to be on fairly sound footing considering the shakeup not only regarding the spin-off but the sudden departure of former CEO Klaus Kleinfeld this past spring.



More from Zacks Economic Highlights

You May Like