Tuesday’s Notable Earnings (FISV, VRTX, STX, MAS, ACPW)

Tuesday’s Notable Earnings (FISV, VRTX, STX, MAS, ACPW)

Fiserv, Inc. (NASDAQ:FISV) stock fell 2.71% to $70.29 after the company posted second quarter net income of $161 million or $1.17 per share, as compared to $90 million or $0.62 per share for the year-ago quarter. Adjusted earnings per share from continuing operations for the second quarter was $177 million or $1.28 per share, as compared to $163 million or $1.13 in the same period of last year. Total revenue for the second quarter rose 3% to $1.10 billion from $1.07 billion a year ago. Analysts expected the company to earn $1.26 per share on revenue estimate of $1.12 billion for the second quarter.

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) shares gained 0.38% to $50.13 after the company and its collaborator Alios BioPharma, Inc. announced positive results from a viral kinetic study of the nucleotide analogue ALS-2200 for the treatment of hepatitis C.

Additionally, the company posted second-quarter Incivek sales of $328 million, short of analysts estimates of about $360 million and first-quarter sales of $356.9 million. The company said it now expects full-year Incivek sales of $1.1 billion to $1.25 billion, down from its prior forecast of $1.5 billion to $1.7 billion.

Seagate Technology PLC (NASDAQ:STX) stock fell 5.09% to $28.88 after the company reported fiscal fourth-quarter results that fell short of analysts’ forecast. For the quarter ended June 29, 2012, the company earned $1.03 billion, or $2.41 a share, excluding one-time items, on revenue of $4.5 billion. Analysts expected the company to earn $2.50 a share on $4.55 billion.

Masco Corporation (NYSE:MAS) stock declined 5.18% to $12.44 in the morning hour after the company posted second-quarter net loss of $75 million or $0.22 per share, as compared to net income of $8 million or $0.02 per share in the year-ago period. Adjusted earnings rose to $34 million or $0.10 per share from $21 million or $0.06 per share in the year-ago period. Net sales increased to $2.004 billion from $1.998 billion in prior-year period. Analysts expected the company to report earnings of $0.11 per share on revenue estimate of $2.08 billion.

Active Power, Inc. (NASDAQ:ACPW) shares climbed 2.48% to $0.840 in the early hour after the company posted second quarter net income of $0.5 million or about $0.01 per share, as compared to a loss of $1.4 million or $0.02 per share in the same year-ago quarter. Revenues grew 13% to $21.7 million from $19.2 million in the same period last year. Analysts expected loss of $0.01 per share on revenues of $20.73 million for the quarter.