Sunday, January 9, 2011

4Q Earnings Report

The 4Q earnings reporting season began last week. Of the 31 earnings reports, 21 companies reported better-than-expected results, three reports were in line  and seven were below expectations.

Six companies recorded revenues that were below year-ago levels. 25 companies posted year over year revenue gains. 13 of those were double-digit year-over-year gains .

Schnitzer Steel (SCHN) posted the largest revenue gain (+72%) and had posted new 52 week price highs leading up to the release date. SCHN was one of the seven under-performers and lost 6.8% of its value following the release/


Notable reports due out in the upcoming week :
After the close Mon.  Alcoa (AA) Est. 19 vs +0.01 yr ago
Before the Open Thurs. Commerce Bancshares (CBSH) 0.66 vs .60 year ago
Before the open Fri. JP Morgan Chase (JPM) 0.99 vs 0.74 year ago
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The contents of any third-party letters/reports above do not necessarily reflect the opinions or viewpoint of G. Scott Hinton. They are provided for informational/educational purposes only.All sites refered to or displayed on this blog are available to anyone free of charge. The content of any message or post by G. Scott Hinton anywhere on this site is not to be construed as constituting market or investment advice. Such is intended for educational purposes only. Individuals should always consult with their own advisors for specific investment advice. This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The risk of trading futures and options can be substantial.