U.S. Stock Futures Climb After Jobs Data -2-
08/03/2012| 09:26am US/Eastern
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.
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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