U.S. Stock Futures Climb After Jobs Data -2-
08/03/2012| 09:26am US/Eastern
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Kraft Foods Inc. (>> Kraft Foods Inc) is headed for splitsville a bit sooner than expected, with attention quickly shifting from its final quarterly earnings report as a whole company to the food giant's prospects as two stand-alone companies. Kraft reported a 5.4% increase in second-quarter earnings, with margins improving from tight cost controls and Europe sales proving resilient despite a darkening macroeconomic picture. But net sales posted a surprise drop.
Liberty Global Inc. (LBTYA, LBTYB) swung to a second-quarter profit as the broadband and cable operator recorded a hefty gain from the sale of its stake in an Australian pay television company.
MarkWest Energy Partners L.P.'s (>> Markwest Energy Partners LP) second-quarter profit more than doubled as the natural-gas processor posted a surge in gains from derivatives, masking a decline in other revenue.
MasTec Inc.'s (>> MasTec, Inc.) second-quarter profit fell 32% compared with a prior-year quarter that included a one-time gain, even as revenue climbed. The results beat the company's expectations, and the company raised its full-year outlook.
Mohawk Industries Inc. (>> Mohawk Industries, Inc.) second-quarter earnings rose 20% as the carpeting and flooring company benefited from factors including improved margins, higher prices and lower interest costs. However, negative currency impacts weighed on revenue.
PerkinElmer Inc.'s (>> PerkinElmer, Inc.) second-quarter earnings rose 13% as the company reported double-digit revenue growth at its health business and stronger margins.
Pitney Bowes Inc.'s (>> Pitney Bowes Inc.) second-quarter profit edged down 1.3% as the mail and document services company continued to see lower revenue in both of its major business segments. It lowered its full-year outlook, citing uncertainty in Europe.
Public Storage's (>> Public Storage) second-quarter profit was roughly flat from a year ago as rental revenue improved, offset by currency exchange impacts.
Southwestern Energy Co. (>> Southwestern Energy Company) swung to a second-quarter loss as impairment charges resulting from lower natural gas prices weighed on the energy producer's bottom-line results, and revenue fell more than analysts expected.
Sprint Nextel Corp. (S) said it received a subpoena from the U.S. Securities and Exchange Commission in connection with its probe over the wireless carrier's state and local tax collection.
Sunoco Inc. (>> Sunoco, Inc.) swung to a second-quarter profit amid inventory-related gains and as the company also reported profit growth at its pipelines and retailing businesses and its refining segment returned to the black.
TheStreet Inc. (>> TheStreet, Inc.) said it will suspend its third-quarter dividend as the online financial-news company looks to cut costs and also reported its second-quarter loss widened slightly as revenue fell.
Thor Industries Inc. (>> Thor Industries, Inc.) reported preliminary fourth-quarter revenue that beat analyst expectations and said it achieved record annual and fourth-quarter sales.
Vantiv Inc. (>> Vantiv Inc) priced its shareholders' offering of 12.2 million shares at a discount of 0.4% to the payment processor's Thursday closing price.
Write to Anna Prior at anna.prior@dowjones.com
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Stocks mentioned in the article :
Kraft Foods Inc,
Southwestern Energy Company,
Sunoco, Inc.,
Thor Industries, Inc.,
TheStreet, Inc.,
Mohawk Industries, Inc.,
MasTec, Inc.,
Markwest Energy Partners LP,
Pitney Bowes Inc.,
PerkinElmer, Inc.,
Public Storage,
Vantiv Inc
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