Tuesday, October 26, 2010

Today`s Notable Earnings (BYD, SPLS, PCL)

Boyd Gaming Corporation (NYSE:BYD) dropped 1.31% to $8.27. The company said its July-September net profit stood at 11.82 million yuan ($1.78 million) against 1.16 billion yuan a year earlier. J.P. Morgan had forecast BYD’s net profit to fall by 55 percent to 522 million yuan. Over the past 52-week, the stock had traded within the range of $6.70-$14.85. The stock went down more than 1% year-to-date. Staples, Inc. (NASDAQ:SPLS) declined 1.40% to $20.70. The company expects to report earnings of 38 cents to 40 cents a share and adjusted earnings of 39 cents to 41 cents a share in the third quarter, the office products company said late Monday. The company also forecast earnings of $1.20 to $1.24 a share for 2010 and $1.50 to $1.60 a share in 2011. The company is scheduled to release its quarterly results on Nov. 18 but will discuss its preliminary performance with analysts on Tuesday. The stock opened at $20.68 and traded within the range of $19.87-$21.17. In the past one month of trading sessions, the stock went up more than 1%. Plum Creek Timber Co. Inc. (NYSE:PCL) went down 1.13% to $36.59. The company said late Monday its third-quarter profits rose to $32 million, or 20 cents a share, from $19 million, or 12 cents a share, in the same quarter last year. Analysts polled by Thomson Reuters expected the company to earn 24 cents a share on revenue of $273 million. The timberland developer said it expects to report a fourth-quarter income between $0.40 and $0.47 a share, resulting in full-year 2010 income from continuing operations to be between $1.28 and $1.35 a share. The 52-week range of the stock is $30.71-$43.75.
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