Top Stock Earnings Of The Day (OMEX, SWK, BAC, HON, USB)
Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) shares declined 6.35% to $3.99 in the morning hour after the company said it expects to report revenues of $1.4 million for the second quarter ending June 30, 2012, as compared to $6.7 million in the same period of 2011. The net loss for the second quarter is expected to be approximately $15.6 million, or approximately $0.21 per share, versus the net loss in the second quarter of 2011 of $1.9 million, or $0.07 per share.
Stanley Black & Decker, Inc. (NYSE:SWK) stock gained 6.70% to $63.78 in the early hour after the company posted a second quarter profit of $154.8 million, or $0.92 a share, as compared to $197.3 million, or $1.14 a share, in the same quarter a year before. Adjusted earnings were $1.32 a share. Revenue improved 8.1% to $2.81 billion. Analysts recently expected $1.52 a share on revenue of $2.9 billion.
Bank of America Corp (NYSE:BAC) stock declined 0.76% to $7.86 after the company reported a second quarter profit of $2.46 billion, as compared to a year-earlier loss of $8.83 billion. On a per-share basis earnings were $0.19 a share from a loss of $0.90 a share a year earlier. Total revenue surged 66% to $21.97 billion because of unusually weak noninterest income a year earlier. Analysts expected earnings of $0.14 a share on $22.87 billion in revenue.
Honeywell International Inc. (NYSE:HON) stock increased 5.87% to $57.74 in the morning hour after the company reported second quarter net income of $902 million or $1.14 per share, as against $810 million or $1.02 per share in the prior-year quarter. Net sales for the quarter grew 4% to $9.44 billion. Analysts expected the company to post earnings of $1.12 per share on revenue of $9.56 billion.
U.S. Bancorp (NYSE:USB) shares climbed 0.18% to $33.01 in the early hour after the company posted Second-quarter profit of $1.42 billion, or $0.71 a share, as against $1.2 billion, or $0.60 a share, a year earlier. Analysts expected earnings of $0.70 a share. Revenue climbed 8.1% to $5.07 billion from a year earlier, driven by 6.6% growth in net interest income and 9.7% growth in noninterest income.