10 Stocks to Watch: Archer Daniels, Barclays
NEW YORK (TheStreet) -- Grains transport company Archer Daniels Midland (ADM) said fourth-quarter earnings were 58 cents a share, below analysts' forecasts of 85 cents a share and 69 cents a share last year.
Shares were falling 3.8% to $29.32 in premarket trading Tuesday.
British bank Barclays (BCS) said profit for the first half of 2011 fell 38% from a year earlier as the bank recorded a charge of 1 billion pounds to compensate customers who were sold faulty payment protection insurance, and as it suffered losses on acquisitions and disposals.
However, Barclays said adjusted pretax profit in the first half rose 24% to 3.68 billion pounds. The bank also said it would cut about 3,000 jobs this year in an effort to control costs.Shares were spiking 3.1% to $14.80.
Satellite radio company Sirius XM Radio (SIRI) reported second-quarter earnings of 3 cents a share vs. the consensus target of a penny. Shares were rising 2.8% to $2.17.
Drug company Pfizer (PFE) reported adjusted second-quarter earnings of 60 cents a share, topping analysts' estimates by a penny. Revenue fell 1% to $17 billion from a year ago. Shares were falling 1.3% to $18.77.
NYSE Euronext (NYX) reported second-quarter net income, excluding merger expenses, of $160 million, or 61 cents a share, compared with $167 million, or 64 cents a share, a year earlier. Analysts surveyed by Thomson Reuters expected the stock exchange operator to earn 60 cents a share. When including merger expenses, earnings fell 16%. NYSE is in a $9 billion merger agreement with Germany's Deutsche Boerse. Shares were falling 0.9% to $32.70.
Japanese electronics company Sony (SNE) was rising 0.7% to $25.25 after saying that it plans to restructure its money-losing TV business.
A report says that major shareholders plan to push publishing company McGraw-Hill (MHP) toward a reorganization. According to The Wall Street Journal, hedge fund Jana Partners and the Ontario Teachers' Pension Plans want the company to separate its textbook operations from its Standard & Poor's ratings unit. The investors have increased their joint stake in McGraw-Hill to 5.2% of its outstanding stock, the Journal reported.
Emerson Electric (EMR) reported third-quarter profit of 90 cents a share, meeting estimates.
German dialysis company Fresenius Medical Care ( FMS ) said it will buy Liberty Dialysis Holdings, the holding company for Liberty Dialysis and Renal Advantage, for about $1.7 billion. Fresenius Medical Care is also buying American Access Care Holdings for $385 million. This, after the company reported that its second-quarter net income increased 5% to $261 million and its net revenue for the quarter increased 8% to $3.19 billion.
Toyota (TM) earned 1.16 billion yen ($15 million) in the fiscal first quarter, down more than 99% from a year earlier, but Japan's biggest carmaker raised its forecast for fiscal-year earnings. Toyota's profit in the first quarter fell from 190.5 billion yen a year earlier. Analysts surveyed by Thomson Reuters were expecting Toyota to post a loss of 78.07 billion in the first quarter. -- Written by Andrea Tse in New York.
>To contact the writer of this article, click here: Andrea Tse.
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