Robert Holmes
Occidental Petroleum(OXY Quote - Cramer on OXY - Stock Picks) said it had second-quarter earnings, on a core basis, of $1.2 billion, or $2.77 a share, up from $799 million, or $1.96 a share, a year ago. Quarterly revenue increased to $4.6 billion from $3.39 billion. Analysts were looking for a profit of $2.79 a share on revenue of $4.48 billion, according to Thomson First Call. Occidental fell $1.70, or 1.6%, to $105.24.
Goodyear(GT Quote - Cramer on GT - Stock Picks) posted second-quarter earnings of $2 million, or 1 cent a share, plummeting from last year because of charges related to plant closings. Excluding those charges, Goodyear earned 37 cents a share during the quarter, well ahead of the consensus estimate. Goodyear was higher by 72 cents, or 6.5%, to close at $11.79. MedcoHealth(MHS Quote - Cramer on MHS - Stock Picks) reported second-quarter adjusted earnings of 65 cents, beating the Thomson First Call average estimate by 4 cents. Medco rose $1.55, or 2.6%, to $60.65. Markets were mostly higher overseas. London's FTSE 100 gained 0.9% to 5889, and Germany's Xetra DAX was up 1.6% to 5730. Japan's Nikkei added 0.2% to 15,499, but Hong Kong's Hang Seng shed 0.9% to 16,888.
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