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Quarterly earnings announcements tend to have big impact on future price movement of the stocks. It is only natural since earnings data shows whether the company is moving on the right track or is getting derailed. Therefore, you should always pay proper attention to latest earnings data and shuffle your portfolio accordingly. Earnings reporting season is in full swing and following are the five stocks which have just released their financial numbers:
VeriFone Systems Inc. (NYSE: PAY): The stock has tumbled down over 10 percent after the release of its disappointing quarterly numbers. VeriFone Systems Inc. reported 54 percent increase in its quarterly revenue to $489.1 million. The figure, however, missed the estimates, sending the stock price reeling down. The company had suffered a fire hazard in July at one of its Brazilian facilities. The company also provided lukewarm guidance for its next quarter and the financial year. VeriFone Systems Inc. reported 43 percent increase in its net income to $37.7 million. Its net income per share stood at 34 cents per share, up from 28 cents it had reported a year earlier. The company stock is currently trading at $31.64. It touched the lowest price point at $31.15 in the current trading session. VeriFone Systems Inc. commands $3.44 billion worth of market capitalization.
Navistar International Corporation (NYSE: NAV): Navistar International Corporation also reported disappointing result, but its stock has taken entirely opposite direction. Despite announcing the fall in its third quarter results, the company stock is currently trading at $23.18, up 13.57 percent. The stock has traded in the range of $21.11 and $23.20 in the current trading session. The company reported its quarterly net income at $84 million and its earnings per share for the quarter stood at $1.22, sharply down from $18.24 it had earned for the corresponding quarter of the last year. The company, however, managed to beat Wall Street estimates to report $3.32 billion in quarterly revenue. Navistar International Corporation had reported its quarterly revenue at $3.54 billion for the quarter of the previous year. The company is experiencing decline in its US demand. Its military sales in South America are also languishing.
H&R Block Inc. (NYSE: HRB): Just like the previous two companies, H&R Block Inc. has also delivered below par quarterly results. The stock is currently trading near to its 52 weeks low price and offers opportunity for value investing. H&R Block Inc. suffered net loss to the tune of $107 million for its fiscal first quarter of the year. Its per share net loss stood at 39 cents. It also reported 4 percent decline in its revenue to $96.5 million. The company currently commands $4.43 billion in market capitalization and it bought back 21.3 million of its shares in the first fiscal quarter. The company stock is currently trading at $15.98 and its lowest price point for the day stood at $15.91. H&R Block Inc. has seen its shares trading in the range of $12.73 and $17.46 during the past 52 weeks.
AeroVironment Inc. (NASDAQ: AVAV) The stock has taken a big tumble today and is trading at $21.75, down 10.20 percent from its previous close of $24.22. The stock movement seems to follow the cues given by its yet another dismal quarterly numbers. AeroVironment Inc. reported its revenue for the quarter at $58.7 million, down $3 million from the corresponding quarter of the last year. It also suffered a net loss of 6 cents per share. The company, however, claimed that its first quarter generally shows lower revenue due to the expected pattern of its customer demands. The company has market cap of $478.45 million and its stock is trading at the beta of 0.63.
Dollar General Corporation (NYSE: DG): This company bucked the trend created by previous companies and posted good results. It boasted of 10.4 percent increase in its quarterly revenues to $3.95 billion. Dollar General Corporation also increased its operating profits by 11 percent to touch the figure of $388 million. The company stock, however, is trading at $50.67, marginally down by 0.76 percent. It has traded in the range of $50.57 and $51.63 in its current trading session. Dollar General Corporation has reported its adjusted net income at $231 million, up 27 percent whereas its adjust income per share jumped 33 percent to settle at $0.69.
