What's Shaking: Tuesday's Early Movers
Take a look at some of Tuesday morning's early movers:
Coca-Cola - Coke reported fourth quarter profit of 79 cents a share, excluding certain items, two cents above estimates. Revenue was also above consensus estimates.
Yum Brands - The restaurant operator beat estimatesby one cent for the fourth quarter, earning 75 cents per share. The parent of KFC, Taco Bell, and Pizza Hut saw its results boosted by growing sales in China, and it made positive comments about 2012 as well.
BP - The company has raised its quarterly dividendby 14 percent after it posted double digit gains in both profit and revenue for the fourth quarter. That came despite sizable payments related to the massive 2010 Gulf oil spill.
Oracle - The software producer is rejecting a $272 million award against SAP in their intellectual property theft case, and instead is seeking a new trial. The move comes after a judge cut the original $1.3 billion award to $272 million back in September.
UBS - The Swiss bank posted a fourth quarter lossat its investment bank, and said first quarter results would also be impacted by both the European debt crisis and a U.S. economy that’s still relatively weak.
Toyota - The automaker raised its full year profit forecastafter a stronger than expected fiscal third quarter, as cost cuts and lower spending help it offset the impact of a strong yen. The higher forecast, though, still falls below some analyst estimates.
Becton Dickinson - The medical products maker reported fiscal first quarter profit of $1.21 per share, four cents above estimates, but has also cut its 2012 EPS outlook to $5.60 - $5.70 from $5.75 - $5.85. Analysts had estimated 2012 EPS at $5.80.
Emerson Electric - Emerson reported quarterly profit of 50 cents per share, a penny below estimates. Its results were hurt by weak European economies, as well as supply chain disruptions from the floods in Thailand.
Coinstar - The company best known for its coin counting machines earned $1.00 per share for its fourth quarter, well above estimates of 64 cents, as its sales from its Redbox video rental business jumped.
Anadarko Petroleum - The oil refiner earned 85 cents per share for its fourth quarter, 23 cents above estimates, with revenue also beating consensus.
Standard Pacific - The home builder beat Street estimates on both the top and bottom line, as new orders rose by 44 percent.
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