5 Stocks with Positive Earnings News: PG, HON, OSK, CRUS, SBUX

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Procter & Gamble Co. (NYSE:PG): The stock is up after positive earnings news and created a new 52 week high. The company doubled its second quarter net income to $4.06 billion. It had reported its net income for the corresponding quarter of the last year at $1.39 billion.

Procter & Gamble earned $1.22 per share, excluding items. It was expected to report its earnings at $1.11 per share in net income. The company’s revenue for the quarter stood at $22.18 billion up 2 percent. It also topped consensus estimate of $21.86 billion in revenue. Procter & Gamble is currently trading at $72.75, up 3.31 percent from its previous close. The stock is trading above its 20 days moving average price of $70.37 and 50 days moving average price of $70.42.  Its 52 weeks price range stands at $59.07 and $73.25. The stock is trading at the Price Earnings ratio of 23.74. Procter & Gamble commands market capitalization of $198.92 billion.

Honeywell International Inc. (NYSE:HON): Honeywell International stock is currently trading at $68.12, down 0.18 percent. It is trading below its 20 days moving average price of $68.26.  Honeywell International reported its quarterly earnings at $251 million, up from net loss of $310 million it had incurred for the corresponding quarter of the last year. On per share basis, the company’s net income stood at $1.1 per share, excluding items, beating consensus estimate of $1.09 per share in income.  The stock oscillated in the range of $68.10 and $69.25 in the current trading session.  Honeywell International’s Price Earnings ratio stands at 22.83. The company commands the market capitalization of $53.36 billion and its stock is trading at the beta of 1.35. Honeywell International also reported 1 percent increase in its revenue for the quarter at $9.58 billion.

Oshkosh Corporation (NYSE:OSK): The company announced its quarterly profit at $46.2 million, up from $38.9 million it had earned for the similar quarter of the last year. Oshkosh also provided its earnings forecast for 2013. The company now expects its earnings from continuing operations to be in the range of $2.80 and $3.05. Its earlier estimates were in the range of $2.35 and $2.60 per share. Its stock is currently trading at $39.00, up 12.78 percent. It is trading in the range of $37.98 and $39.68 in the current trading session.  The stock is higher than its 20 days moving average price of $38.45 and 50 days moving average price of $37.30. In the past 52 weeks, the stock’s price range has been $18.49 and $39.68. The stock’s beta is 2.59 and its Price Earnings ratio is 15.54. Oshkosh commands market capitalization of $3.49 billion. However, Oshkosh reported 6 percent drop in its quarterly sales. Its sales for the quarter stood at $1.76 billion.

Cirrus Logic Inc. (NASDAQ:CRUS): Its stock is trading in the range of $27.63 and $28.97 in the current trading session and at this point is at $28.76, up 7.79 percent.  Cirrus Logic reported 153 percent increase in its quarterly revenue. The company’s revenue stood at $310 million, while its corresponding previous year quarterly revenue was at $105.4 million. Its net income also jumped from $16.7 million to $67.9 million. The stock’s highest price point of 52 weeks stands at $45.49 while its lowest price point is at $19.73. Cirrus Logic stock is trading at Price Earnings ratio of 17.89 and its beta is 0.72. The company also provided forecast for its fourth quarter numbers. The company expects its fourth quarter revenue to be in the range of $200 million and $220 million.

Starbucks Corporation (NASDAQ:SBUX): The stock is up after earnings announcement. The stock is trading at $56.71, 3.95 percent higher than its previous close. It has traded in the range of $56.50 and $57.27 in the current trading session. Starbucks reported its quarterly earnings at $432.2 million, up from $382.1 million it earned for previous year quarter. The company remained in line with analysts’ estimate by earning 57 cents per share.  It has traded 6.31 million shares so far, in comparison to its daily average trading volume of 6.23 million shares. The stock has traded in the range of $43.04 and $62.00 in the past 52 weeks. The company stock trades at Price Earnings ratio of 30.47 and its beta is at 1.20. Starbucks also grew its revenue by 11 percent to $3.8 billion.

 

 

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