BOSTON ( TheStreet) -- Here are the top stock market headlines for the morning of Monday, July 19, 2010.
Monday's Earnings Roundup
- Delta Air Lines (DAL) said it had second-quarter adjusted earnings of 65 cents a share on revenue of $8.17 billion, compared with estimates the company would post a profit of 63 cents a share on revenue of $8.27 billion. "Delta's profit this quarter is our best result in a decade and proof that our plan has positioned us well as the economy begins its recovery," said CEO Richard Anderson.
- Halliburton (HAL) said it had second-quarter earnings from continuing operations of 52 cents a share on revenue of $4.39 billion. Analysts on average were expecting earnings of 37 cents a share on revenue of $4.09 billion, according to a poll by Thomson Reuters. Halliburton said the suspension of deepwater drillingwill negatively impact its earnings by 5 cents to 8 cents a share a quarter for the remainder of 2010.
- Hasbro (HAS) notched a second-quarter profit of 29 cents a share on sales of $737.8 million, compared with analysts' forecasts the toymaker would report a profit of 24 cents a share on revenue of $748.3 million.
- IBM (IBM) will report quarterly numbers at the close of trading Monday, and analysts are calling for a profit of $2.58 a share on revenue of $24.17 billion.
- Texas Instruments (TXN) will also post financial results for the second quarter late Monday. The Thomson Reuters average estimate is for earnings of 62 cents a share on revenue of $3.52 billion.