US Steel Jumps On Earnings (ADM, AET , VSH, X, YNDX)
Archer Daniels Midland Company (NYSE:ADM) shares declined 4.37% to $26.30 after the company posted fourth-quarter 2012 net earnings of $284 million, or $0.43 per share, as compared with $381 million or $0.58 per share a year earlier. Excluding a LIFO credit of $0.05 per share, quarterly adjusted earnings per share were $0.38, down from $0.69 last year. Net sales and other operating income were $22.68 billion, versus $22.87 billion in the 2011 period. Analysts expected earnings per share of $0.60 on revenues of $21.75 billion for the quarter.
Aetna Inc. (NYSE:AET) stock fell 0.30% to $37 in the early hour after the company reported a second quarter profit of $457.6 million, or $1.32 a share, as compared to $536.7 million, or $1.39, a year earlier. Adjusted earnings fell to $1.31 from $1.35 in the year ago period. Revenue jumped 6% to $8.83 billion for the quarter. Analysts had most recently forecast earnings of $1.25 a share on revenue of $8.81 billion.
Vishay Intertechnology (NYSE:VSH) stock surged 10.73% to $9.70 after the company reported second-quarter net earnings of $45.7 million or $0.29 per share, as against $82.1 million, or $0.48 per share in the same quarter last year. Adjusted net earnings per share were $0.24, down from $0.50 per share in the year ago quarter. Revenues were $588.2 million, as compared to $709.8 million in the year ago quarter. Analysts expected the company to report earnings of $0.26 per share on revenues of $589.23 million for the quarter.
United States Steel Corporation (NYSE:X) stock climbed 10.78% to $20.95 after the company posted second-quarter net income of $101 million or $0.62 per share, as compared to $222 million or $1.33 per share in the year-ago quarter. Adjusted net income for the quarter declined to $112 million or $0.69 per share from $185 million or $1.12 per share in the same period last year. Net sales for the quarter declined 2% to $5.02 billion from $5.12 billion in the prior-year quarter. Analysts expected the company to earn $0.47 per share on revenue estimate of $4.99 billion.
Yandex NV (NASDAQ:YNDX) shares fell 4.25% to $19.94 after the company posted second-quarter net income of 1.98 billion Russian rubles, or $60.4 million, as compared to a net income of 1.13 billion rubles in the previous year. Net income per Class A and Class B share was 5.92 rubles, or $0.18, higher than 3.46 rubles a year ago. Adjusted net income increased 64% to 2.1 billion rubles. Revenues for the quarter grew 50% to 6.8 billion rubles ($207.2 million).