10 Stocks to Watch: AMD, Whirlpool
NEW YORK (TheStreet) -- AMD (AMD) - Get Report swung to a profit in the third quarter, citing strong demand for its mobile processors.
The no. 2 chipmaker earned $97 million, or 13 cents a share, in the latest quarter,
a year-ago equivalent loss of $118 million, or 17 cents a share. On a non-GAAP basis, AMD earned $110 million, or 15 cents a share, in the quarter.
Analysts surveyed by Thomson Reuters were looking for earnings of 10 cents a share.
Shares were surging 10.5% to $5.89.
Whirlpool
(WHR) - Get Report
significantly
its outlook for 2011 earnings and said it would cut 5,000 jobs to trim costs and expand its operating margins.
Shares were plummeting 10.1% to $54.39 in premarket trading Friday.
Chinese Internet giant
Baidu
(BIDU) - Get Report
reported that revenue totaled $654.7 million in the third quarter,
up
85% from year-ago levels. Baidu said it earned $285 million in the period, or 84 cents per ADS. Excluding share-based compensation expense, the company's profit was 86 cents per ADS.
Baidu was jumping 7.7% to $149.05.
Video game developer
Electronic Arts
(ERTS)
said its iscal second-quarter loss widened to $1.03 a share from 61 cents the same time last year.
Shares were losing 5.1% to $23.25.
Casino-resort developer and operator
Las Vegas Sands
(LVS) - Get Report
reported third-quarter profit of 55 cents a share, beating the average analyst estimate of 52 cents.
Shares were adding 3.7% to $47.09.
Drugmaker
Merck
(MRK) - Get Report
reported third-quarter earnings of 94 cents a share, beating the average analyst estimate of 91 cents.
Shares were rising 2.7% to $35.25.
Biotechnology company
Biogen
(BIIB) - Get Report
reported third-quarter profit of $1.61 a share, beating the Wall Street consensus estimate of $1.53.
Shares were rising 1.9% to $120.
Forest products company
Weyerhaeuser
(WY) - Get Report
reported third-quarter earnings of 12 cents a share, in line with estimates.
Shares were up 0.9% to $18.10.
HP
(HPQ) - Get Report
will
its PC division, the company announced on Thursday, after spending the last few months considering a spinoff of its computer business.
Shares were up 0.8% to $27.30.
Oil major
Chevron
(CVX) - Get Report
reported third-quarter profit of $3.92 a share, beating the average analyst estimate of $3.48 a share. Sales and other operating revenues in the third quarter were $61 billion, up from $48 billion in the year-ago period, mainly due to higher prices for crude oil and refined products.
Shares were down 0.4% to $108.87.
-- Written by Andrea Tse in New York.
>To contact the writer of this article, click here:
Andrea Tse
.
Related links:
Americans, Once Again, Miss Out on Stock Rally
5 Industries That Are Doomed to Fail
Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
