Notable Earnings (AGO, BID, CA, DAR)

Notable Earnings (AGO, BID, CA, DAR)

Assured Guaranty Ltd.(NYSE:AGO) swung to a first-quarter loss as derivatives losses widened and income from premiums fell, though the company’s operating earnings still topped expectations.

The company reported a first quarter loss of $483 million, or $2.65 a share, as compared with a year-earlier profit of $139.3 million, or $0.74 a share. Operating income dropped to $0.38, while analysts were looking for $0.36 a share. Net premiums earned fell 24% to $193.7 million.

Sothebys(NYSE:BID) posted a first quarter loss of $10.7 million, or $0.16 per share, as compared with a profit of $2.4 million, or $0.03 per share, a year earlier. Revenue declined 12% to $105 million. Analysts on an average were expecting a loss of $0.16 per share on revenue of $96.4 million.

CA, Inc.(NASDAQ:CA) shares declined 2.50% to $25.75 in the after hour trading. The company posted a fourth quarter profit of $211 million, or $0.45 a share, as against $188 million, or $0.37 a share, a year earlier. Adjusted earnings were $0.56 a share. Revenue increased 5.3% to $1.19 billion. Analysts expected a per-share profit of $0.52 a share on revenue of $1.19 billion.

Looking forward, the company expects new fiscal year adjusted earnings of $2.45 to $2.53 a share and revenue of $4.85 billion to $4.95 billion. Analysts most recently projected $2.49 a share in earnings and $5.01 billion in revenue.

Darling International Inc.(NYSE:DAR) shares plunged 12.44% to $14.01 in the after hour trading after the company’s first quarter profit slid, primarily due to lower revenues.

The company posted first quarter profit of $28.57 million or $0.24 per share, as compared to $46.56 million or $0.43 per share last year. Total revenues dropped to $387.11 million from $439.90 million in the prior-year quarter. Analysts expected the company to earn $0.30 per share on revenue estimate of $410.78 million for the quarter.