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Earning Scan: TGT, DE, ANF, AAP, OESX

 May 18, 2011 11:43 AM

Several companies declared their quarterly earnings before the opening bell today, while few companies are scheduled to report their financial results after the closing bell. Some notable earners are discussed here.

Target Corp. (NYSE: TGT), the second-largest discount retailer in the U.S., reported a 2.7 percent increase in its Q1 net income to $689 million, or 99 cents per share, from $671 million, or 90 cents per share a year earlier. Revenue during the quarter rose 2.2 percent to $15.93 billion. Analysts had estimated earnings of 95 cents on revenue of $15.99 billion. Shares lost 0.53 percent, or 33 cents, to trade at $50.45.

[Related -Check Point Software Technologies Ltd. (NASDAQ:CHKP): What Could Drive Check Point In 2014?]

Deere & Co. (NYSE: DE), a leading manufacturer of agricultural machinery in the world, reported a 65 percent increase in its Q2 net income to $904.3 million, or $2.12 per share, from $547.5 million, or $1.28 per share a year earlier. Revenue grew 25 percent to $7.1 billion during the quarter. Analysts had estimated earnings of $2.06 a share on revenue of $8.12 billion. Shares were down 2.50 percent, or $2.17, to trade at $84.45.

Abercrombie & Fitch Co. (NYSE: ANF), an American retailer that focuses on casual wear, reported net income of $25.1 million, or 28 cents per share in its Q1, compared with a net loss of $11.8 million, or 13 cents per share a year earlier. Revenue during the period rose 22 percent to $837 million, helped by a 64 percent increase in international revenue. Analysts had estimated earnings of 11 cents per share. Shares added 4.17 percent, or $3.05, to trade at $76.22.

[Related -Target Corporation (TGT) Dividend Stock Analysis]

Advance Auto Parts Inc. (NYSE: AAP), the second-largest retailer of automotive replacement parts and accessories in the world, is scheduled to report its Q1 earnings after the closing bell today. Analysts estimate earnings of $1.38 per share for the company. It has a market capitalization of $5.50 billion and a P/E ratio of 17.65. It has a dividend yield of 0.34 percent. Shares lost 0.14 percent, or 10 cents, to trade at $69.63.

Orion Energy Systems, Inc. (AMEX: OESX), an American power technology enterprise, will report its Q4 earnings after the stock market closes today. Analysts forecast earnings of 4 cents per share for the company. It has a market capitalization of $77.23 million and has not issued dividends in more than one year. Shares gained 2.73 percent, or 9 cents, to trade at $3.39.

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