9 Companies to Consider That Are Reporting Earnings on Wednesday, Part II

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Includes: AET, AKAM, BA, EXC, LSI-OLD, MYL, QRVO, SYMC, VMED
by: Robert Weinstein

<< Back to Part I

This is Part II of earnings being reported on Wednesday. There are quite a few market moving stocks reporting earnings. It is not hard to tell that we are right in the middle of earnings season. Due to the quantity of companies reporting I am focusing on the highest volume traded stocks.

Symantec Corp (NASDAQ:SYMC) is a $14.4 billion market cap global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information and identities. Symantec conducts the business in three geographic regions: Americas, which consist of the United States, Canada, and Latin America; Europe, the Middle East and Africa, and Asia Pacific Japan. The company has five operating segments: Consumer, Security and Compliance, Storage and Server Management, Services, and Other. It provides customers with software and services that protect, manage and control information risks related to security, data protection, storage, compliance, and systems management. The company reported (basic) $0.22 per share in earnings for the quarter ending April 1, 2011. The Quick Ratio is 0.91 (generally the higher the better). The next reporting quarter estimated mean earnings are $0.33 per share. Analyst estimates range between $0.31 and $0.34 per share.

The current trailing twelve months (ttm) P/E ratio is 25.243 and the forward P/E ratio is 11.56. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by investors . The stock has a price to book ratio (ttm) of 3.2. The price to sales ratio is 2.34.

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In the last month the stock has moved in price -6.22%, with a one year change of -8.35%. Comparing to the S&P500 price change, Symantec Corp's performance is 11.59% vs. the S&P 500 from a month ago, and the one year difference is 17.05% vs. S&P 500 price change.

The annual growth rate of revenue is 3.43%. The last fiscal year had accounts receivable to sales percentage of 0.1637% compared to the same period a year earlier of 0.143%.
Symantec Corp has rising revenue year-over-year of $6.19 billion for 2010 vs. $5.99 billion for 2009. The bottom line has falling earnings year-over-year of $597.00 million for 2010 vs. $714.00 million for 2009. The company's earnings before income and taxes are falling, with an EBIT year-over-year of $880.00 million for 2010 vs. $933.00 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.36 0.38 0.02 5.82%
Dec-10 0.34 0.35 0.01 4.48%
Sep-10 0.28 0.34 0.06 21.13%
Jun-10 0.35 0.35 0 0.00%
Mar-10 0.37 0.4 0.03 8.37%

LSI Corporation (NASDAQ:LSI-OLD) is a $4.06 billion market cap company. LSI Corporation designs, develops and markets storage and networking semiconductors and storage systems. It provides silicon-to-system solutions that are used at the core of products that create, store, consume and transport digital information. The company reported (basic) $0.02 per share in earnings for the quarter ending April 3, 2011. The Quick Ratio is 2.22. The next reporting quarter estimated mean earnings are $0.08 per share.

The current trailing twelve months (ttm) P/E ratio is 93.929 and the forward P/E ratio is 13.7. The stock has a price to book ratio (ttm) of 2.94. The price to sales ratio is 1.51.

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In the last month the stock has moved in price -1.76%, with a one year change of 38.07%. Comparing to the S&P500 price change, LSI Corp's performance is -7.36% vs. the S&P 500 from a month ago, and the one year difference is 12.27% vs. S&P 500 price change.

The annual growth rate of revenue is 15.81%. The last fiscal year had accounts receivable to sales percentage of 0.1271% compared to the same period a year earlier of 0.1528%.
LSI Corp has rising revenue year-over-year of $2.57 billion for 2010 vs. $2.22 billion for 2009. The bottom line has rising earnings year-over-year of $39.97 million for 2010 vs. $-47.72 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $37.15 million for 2010 vs. $-129.17 million for 2009. The chart looks bullish on the daily and bearish on the weekly chart. Not sure any real edge can be found before the numbers come out.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.10 0.1 0 0.00%
Dec-10 0.13 0.14 0.01 11.29%
Sep-10 0.11 0.13 0.02 19.16%
Jun-10 0.11 0.11 0 0.00%
Mar-10 0.09 0.14 0.05 54.19%

Mylan Inc. (MYL) is a $10.52 billion market cap generic and specialty pharmaceutical company, which provides products to customers in more than 150 countries and territories. The company operates in two segments: Generics and Specialty. Mylan is a fully-integrated global pharmaceutical company that develops, licenses, manufactures, markets and distributes generic and branded generic pharmaceuticals, specialty pharmaceuticals and active pharmaceutical ingredients (API). The company reported (basic) $0.24 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 1.28. The next reporting quarter estimated mean earnings are $0.45 per share. Analyst estimates range between $0.44 and $0.47 per share.

The current trailing twelve months (ttm) P/E ratio is 33.408 and the forward P/E ratio is 10.22. The stock has a price to book ratio (ttm) of 1.93. The price to sales ratio is 1.28.

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The annual growth rate of revenue is 7.02%. The last fiscal year had accounts receivable to sales percentage of 0.2123% compared to the same period a year earlier of 0.2424%.
Mylan Inc. has rising revenue year-over-year of $5.45 billion for 2010 vs. $5.09 billion for 2009. The bottom line has rising earnings year-over-year of $223.58 million for 2010 vs. $93.54 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $721.58 million for 2010 vs. $523.35 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.44 0.44 0 0.00%
Dec-10 0.45 0.45 0 0.00%
Sep-10 0.41 0.43 0.02 3.86%
Jun-10 0.37 0.37 0 0.00%
Mar-10 0.34 0.36 0.02 6.26%

Virgin Media Inc. (NASDAQ:VMED) is a $8.94 billion market cap entertainment and communications business. The company has two segments: Consumer and Business. The company is a provider of broadband Internet, television, mobile telephony and fixed line telephony services that offer a variety of entertainment and communications services to residential and commercial customers throughout the United Kingdom. The company reported (basic) $0.02 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 0.67. The next reporting quarter estimated mean earnings are $0.17 per share. Analyst estimates range between $0.06 and $0.3 per share.

The current trailing twelve months (ttm) P/E ratio is 234.583 and the forward P/E ratio is 14.08. The stock has a price to book ratio (ttm) of 4.55. The price to sales ratio is 1.48. After the first test of the 200 day moving average last week, it would not surprise me if it made another test. With the price moving lower into earnings, one has to wonder what awaits investors.

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In the last month the stock has moved in price -4.84%, with a one year change of -5.67%. Comparing to the S&P500 price change, Virgin Media Inc.'s performance is 2.04% vs. the S&P 500 from a month ago, and the one year difference is -3.58% vs. S&P 500 price change.

The annual growth rate of revenue is 2.56%. The last fiscal year had accounts receivable to sales percentage of 0.1113% compared to the same period a year earlier of 0.11%. For the trailing twelve months investors received $0.25 in dividends for a yield of 0.57%.
Virgin Media Inc. has rising revenue year-over-year of $6.07 billion for 2010 vs. $5.92 billion for 2009. The bottom line has rising earnings year-over-year of $-221.40 million for 2010 vs. $-577.80 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $504.00 million for 2010 vs. $213.20 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 -1.84 0.01 1.85 NA%
Dec-10 -1.84 10 11.84 NA%
Sep-10 -3.19 8 11.19 NA%
Jun-10 -16.92 -21 -4.08 NA%
Mar-10 -18.59 -49 -30.41 NA%

Boeing Co (NYSE:BA) is a $53.65 billion market cap aerospace company. Boeing is engaged in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S), and Boeing Capital Corporation (BCC).
The company reported (basic) $0.79 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 0.46. The next reporting quarter estimated mean earnings are $0.96 per share. Analyst estimates range between $0.71 and $1.13 per share.

The current trailing twelve months (ttm) P/E ratio is 15.736 and the forward P/E ratio is 13.4. The stock has a price to book ratio (ttm) of 17.53. The price to sales ratio is 0.75.

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In the last month the stock has moved in price 1.98%, with a one year change of 9.11%. Comparing to the S&P500 price change, Boeing Co's performance is -3.83% vs. the S&P 500 from a month ago, and the one year difference is -11.28% vs. S&P 500 price change.

The annual growth rate of revenue is -5.82%. The last fiscal year had accounts receivable to sales percentage of 0.0887% compared to the same period a year earlier of 0.0901%. For the trailing twelve months, investors received $1.68 in dividends for a yield of 2.31%.
Boeing Co has falling revenue year-over-year of $64.31 billion for 2010 vs. $68.28 billion for 2009. The bottom line has rising earnings year-over-year of $3.31 billion for 2010 vs. $1.31 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $4.97 billion for 2010 vs. $2.10 billion for 2009. Having just received a very large order for jets by AA, the price does not seem to be flying high.

Boeing does have a low PE combined with a good near term future. Longer term, one has to start to price in competition with China and that will not be a very pretty picture, by the looks of it so far. To bet that China will not give a huge priority to a domestic airline production company may be short sighted. At the current stock price, it would appear that the market is pricing in future price pressure-- at least in part.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.69 0.78 0.09 12.26%
Dec-10 1.11 1.11 0 0.00%
Sep-10 1.06 1.12 0.06 5.66%
Jun-10 1.01 1.06 0.05 4.57%
Mar-10 0.63 0.7 0.07 10.85%

Exelon Corp (NYSE:EXC) is a $28.94 billion market cap utility services holding company. It operates through its principal subsidiaries: Exelon Generation Company, LLC (Generation), Commonwealth Edison Company (ComEd) and PECO Energy Company (PECO). The company reported (basic) $1.01 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 1.32. The next reporting quarter estimated mean earnings are $0.97 per share. Analyst estimates range between $0.94 and $1 per share.

The current trailing twelve months (ttm) P/E ratio is 11.821 and the forward P/E ratio is 14.68. The stock has a price to book ratio (ttm) of 2.04. The price to sales ratio is 1.48.

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In the last month the stock has moved in price 4%, with a one year change of 4.55%. Comparing to the S&P500 price change, Exelon Corp's performance is -1.92% vs. the S&P 500 from a month ago, and the one year difference is -14.99% vs. S&P 500 price change.

The annual growth rate of revenue is 7.66%. The last fiscal year had accounts receivable to sales percentage of 0.1678% compared to the same period a year earlier of 0.1183%. For the trailing twelve months investors received $21 in dividends for a yield of 4.81%.
Exelon Corp has rising revenue year-over-year of $18.64 billion for 2010 vs. $17.32 billion for 2009. The bottom line has falling earnings year-over-year of $2.56 billion for 2010 vs. $2.71 billion for 2009. The company's earnings before income and taxes are falling, with an EBIT year-over-year of $4.73 billion for 2010 vs. $4.75 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 1.05 1.17 0.12 11.24%
Dec-10 0.91 0.96 0.05 5.68%
Sep-10 1.12 1.11 -0.01 -0.61%
Jun-10 0.91 0.99 0.08 9.21%
Mar-10 0.89 1 0.11 12.96%

TriQuint Semiconductor Inc (TQNT) is a $1.75 billion market cap supplier of modules, components and foundry services for communications applications. TriQuint designs, develops and manufactures radio frequency (RF) solutions with gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW), temperature compensated surface acoustic wave (TC-SAW), and bulk acoustic wave (BAW) technologies for customers worldwide. The company reported (basic) $0.08 per share in earnings for the quarter ending April 2, 2011. The Quick Ratio is 3.5. The next reporting quarter estimated mean earnings are $0.14 per share. Analyst estimates range between $0.13 and $0.15 per share.

The current trailing twelve months (ttm) P/E ratio is 9.035 and the forward P/E ratio is 11.05. The stock has a price to book ratio (ttm) of 2.29. The price to sales ratio is 2.17.

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In the last month the stock has moved in price 6.8%, with a one year change of 8.17%. Comparing to the S&P500 price change, TriQuint Semiconductor Inc's performance is 3.02% vs. the S&P 500 from a month ago, and the one year difference is 3.69% vs. S&P 500 price change.

The annual growth rate of revenue is 34.3%. The last fiscal year had accounts receivable to sales percentage of 0.1582%, compared to the same period a year earlier of 0.1346%.
TriQuint Semiconductor Inc has rising revenue year-over-year of $878.70 million for 2010 vs. $654.30 million for 2009. The bottom line has rising earnings year-over-year of $190.84 million for 2010 vs. $16.25 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $116.14 million for 2010 vs. $16.63 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.15 0.15 0 0.00%
Dec-10 0.28 0.25 -0.03 -9.09%
Sep-10 0.27 0.27 0 0.00%
Jun-10 0.15 0.2 0.05 29.87%
Mar-10 0.11 0.12 0.01 12.46%

Akamai Technologies Inc (NASDAQ:AKAM) is a $5.67 billion market cap company. Akamai Technologies, Inc. (Akamai) provides services for accelerating and improving the delivery of content and applications over the Internet; ranging from live and on-demand streaming video capabilities to conventional content on Websites, to tools that help people transact business and reach out to new and existing customers.
The company reported (basic) $0.27 per share in earnings for the quarter ending March 31, 2011. The Quick Ratio is 5.91. The next reporting quarter estimated mean earnings are $0.27 per share. Analyst estimates range between $0.26 and $0.29 per share.

The current trailing twelve months (ttm) P/E ratio is 32.309 and the forward P/E ratio is 22.01. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. The stock has a price to book ratio (ttm) of 4.12. The price to sales ratio is 8.76.

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In the last month the stock has moved in price 7.31%, with a one year change of 7.97%. Comparing to the S&P500 price change, Akamai Technologies Inc's performance is 18.68% vs. the S&P 500 from a month ago, and the one year difference is 24.64% vs. S&P 500 price change.

The annual growth rate of revenue is 19.05%. The last fiscal year had accounts receivable to sales percentage of 0.1713% compared to the same period a year earlier of 0.1794%.
Akamai Technologies Inc has rising revenue year-over-year of $1.02 billion for 2010 vs. $859.77 million for 2009. The bottom line has rising earnings year-over-year of $171.22 million for 2010 vs. $145.91 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $254.28 million for 2010 vs. $223.48 million for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.37 0.38 0.01 4.05%
Dec-10 0.38 0.4 0.02 4.79%
Sep-10 0.34 0.34 0 0.00%
Jun-10 0.34 0.34 0 0.00%
Mar-10 0.31 0.35 0.04 11.75%


Aetna Inc. (NYSE:AET) is a $16.45 billion market cap diversified health care benefits company, serving approximately 35.3 million people. Aetna offers a range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and Medicaid health care management services.
The company reported (basic) $1.53 per share in earnings for the quarter ending March 31, 2011. The next reporting quarter estimated mean earnings are $1.07 per share. Analyst estimates range between $0.91 and $1.15 per share.

The current trailing twelve months (ttm) P/E ratio is 9.741 and the forward P/E ratio is 9.26. The falling P/E ratio is the result of future earnings increasing relative to the current price and suggests bullishness in the company by analysts. The stock has a price to book ratio (ttm) of 1.3. The price to sales ratio is 0.38.

In the last month the stock has moved in price 0.14%, with a one year change of 53.31%. Comparing to the S&P500 price change, Aetna's performance is -5.56% vs. the S&P 500 from a month ago, and the one year difference is 24.66% vs. S&P 500 price change.

The annual growth rate of revenue is -1.49%. For the trailing twelve months investors received $0.04 in dividends for a yield of 1.38%.
Aetna has falling revenue year-over-year of $34.25 billion for 2010 vs. $34.76 billion for 2009. The bottom line has rising earnings year-over-year of $1.77 billion for 2010 vs. $1.28 billion for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $2.64 billion for 2010 vs. $1.90 billion for 2009.

Here is a look at reported earnings (some one time items are often excluded in reported EPS) compared to the mean estimate. Dollar differences are rounded to the nearest penny and percentage differences are rounded based on rounded dollar differences.

Fiscal Quarter Ending Month-YR Estimate Actual Difference Difference %
Mar-11 0.97 1.43 0.46 47.21%
Dec-10 0.62 0.63 0.01 1.53%
Sep-10 0.67 1 0.33 48.59%
Jun-10 0.74 1.05 0.31 42.26%
Mar-10 0.73 0.77 0.04 5.38%



Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.