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Stocks to Watch: PG, VIAB, KCG & More

Friday, 3 Aug 2012 | 7:56 AM ET

Take a look at some of Friday's morning movers:

Procter & Gamble - The consumer products giant earned $0.82 per share for its fourth quarter, five cents above estimates. But revenue was slightly light as sales and margins decline, and Procter is forecasting current quarter profits of $0.91 to $0.97 per share, below Street estimates of $1.03.

Viacom - Viacom earned $0.97 per share for the fiscal third quarter, three cents below estimates, with revenue also falling short. Viacom cited weaker ad sales for the shortfall, as well as a big drop in movie studio results.

Knight Capital - The trading firm continues to fight for survival after the Wednesday software trading glitch that cost it $440 million.

Kraft Foods - The Dow Jones Industrial Average component earned $0.68 per share for the second quarter, two cents above estimates, though revenue fell short. However, the food producer did leave its full-year forecasts unchanged.

American International Group - AIG earned $1.06 per share for the second quarter, well above analysts' estimates of $0.57. Revenue was also well above estimates, with the company attributing its performance to improvements at its insurance operations.

CBS - The media company reported a second-quarter profit of $0.65 per share, six cents above estimates, with revenue essentially in line. CBS had strong results from its cable networks, and also reported an increase in profit margins.

Activision Blizzard - Activision beat estimates by eight cents a share with its second-quarter profit of $0.20 per share, and revenue also came in well above consensus. The videogame producer also raised its 2012 outlook, helped by strong sales of its new “Diablo III” game.

LinkedIn - The company earned $0.16 per share for the second quarter, matching estimates. Revenue beat consensus, and the business social networking site also raised its full-year outlook on improved results from business and advertising services.

OpenTable - OpenTable earned $0.42 per share for the second quarter, five cents above estimates, with revenue also above consensus. The online reservations service also raised its full-year outlook, on a surge in the number of diners using OpenTable to make reservations.

Skullcandy - The company earned $0.24 per share for the second quarter, two cents above estimates. The maker of specialty headphones saw strong sales growth, both in the U.S. and overseas.

Toyota Motor - Toyota earned $3.7 billion dollars for the April through June quarter, after it barely made a profit during the year-ago quarter. The automaker also raised its sales target for the year to 9.76 million vehicles, which would be a record for Toyota.

SAP - SAP has agreed to pay Oracle $306 million in damages in a copyright infringement case, a move that avoids a new trial. Oracle will now ask an appeals court to restore a $1.3 billion jury award.

United Continental - The airline has reached a new contract agreement with its pilots union, the first since the 2010 merger of United and Continental.

Beazer Homes - The home builder lost $0.38 per share for its third quarter, five cents wider than analysts had been forecasting. The loss was narrower than a year ago, as Beazer saw more closings and new orders, as well as higher home prices.

McGraw-Hill Cos. - The company reportedly has received several bids for its education business, according to Reuters, with the unit valued by analysts at about $3 billion. Several private-equity firms are said to be interested, including Bain Capital, Apollo Global, and Thomas H. Lee Partners.

—By CNBC’s Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

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  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • Sharon Epperson is CNBC's senior commodities and personal finance correspondent.

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