Join        Login             Stock Quote


 January 24, 2011 05:28 PM

Intel's (INTC)  share buyback plan and encouraging earnings by several companies offered a boost to the investors' confidence. Dow Jones Industrial Average added 0.81 percent or 96.68 points to 11,968.52, and NASDAQ advanced to 2,715.38, up 0.96 percent or 25.84 points. The Standard and Poor's 500 index was up 0.48 percent or 6.17 points to 1,289.52.

McDonald's Corporation (NYSE: MCD) reported net earnings of $1.24 billion, or $1.16 per share for its Q4. The company recorded an increase of 5 percent in its global sales, and a 6 percent hike in its consolidated revenues during this period at $24 billion. Shares of the company added 0.32 percent or $0.24 to $75.25 during the day.

[Related -Intel Corporation (INTC) and 5 Other Stocks That Could Pop on Earnings This Week]

Halliburton Company (NYSE: HAL) has reported Q4 profit of $605 million or 66 cents a share, up from $243 million or 27 cents per share it posted a year earlier. The company has recorded an increase of 83 percent in its North American revenue. It reported EPS of $0.58 beating analysts' estimates of $0.56 during the period. Shares of the company gained 1.56 percent or $0.61 to $39.80 after the news.

Navios Maritime Partners LP (NYSE: NMM) rose 1.20 percent or $0.23 to $19.43 as the company reported revenue of $42.5 million or $0.38 per share for its Q4. Analysts projected revenue of $40.52 million or $0.34 per share for the company. Earnings of the company grew by 76 percent during this period.

[Related -Intel Corporation (INTC) Q4 Earnings Preview: Room To Pop On EPS]

Sierra Bancorp (NASDAQ: BSRR) has posted net income of $1.6 million or 12 cents per share in its Q4, down 54 percent from $3.5 million or 30 cents per share it recorded a year ago. Analysts forecasted a profit of 13 cents per share for the company. The company's net interest income from deposits and loans fell 10 percent to $13.7 million from $15.2 million. Shares of the company were up 0.84 percent or $0.09 to $10.85.

Optical Cable Corporation (NASDAQ: OCCF) has reported net income of $1.5 million or 23 cents per share in its Q4. Sales of the company increased 31.1 percent to $18.5 million, compared to $14.1 million for the same quarter in FY 2009. Shares of the company jumped 37.03 percent or $1.37 to $5.07 after the news.

Polycom Inc. (NASDAQ: PLCM) has posted net revenue of $1.2 billion in its Q4 FY 2010, compared to $967 million it earned during the same quarter in FY 2009. Net earnings were $68 million or 78 cents per share during the same period. However, shares of the company lost 1.54 percent or $0.68 to $43.40 during the day.

iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageTwo Firms On The Cusp Of A Major Turnaround

When a company stumbles repeatedly, investors eventually throw in the towel and sell their shares. read on...

article imagePick a Valid Strategy, Stick With It

I’m not going to argue for any particular strategy here. My main point is this: every valid strategy is read on...

article imageHow to Prepare For A Correction Without Missing Out On Upside Potential

Recent market commentary is starting to remind me of the periods in 2000 and 2008 just before the bottom read on...

article imageBritain’s Boom Can Still Zoom

Don’t overthink the disconnect between strong UK GDP and wobbly UK stocks. Economic fundamentals should win read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.