Halliburton Co.
S&P Equity Research on Monday upgraded Halliburton Co. to buy from hold. Analyst Stewart Glickman said Halliburton's second-quarter profit of 81 cents a share beat his estimate by 13 cents a share. "We had expected strong results in North America but results were still significantly better than we had projected, led mainly by liquids-rich shale play activity," Glickman said in a note to clients. "While international margins continue to be weighed down by Middle East project start-up delays and sluggish activity in the U.K., we think international margins will recover in 2012."
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Mosaic Co.
late Monday reported its fourth-quarter net income attributable to Mosaic rose to $649.2 million, or $1.45 a share, from $396.1 million, or 89 cents a share, in the same quarter last year. Revenue increased 54% to $2.86 billion. Analysts surveyed by FactSet Research had forecast earnings of $1.37 a share on revenue of $2.58 billion. "Looking to fiscal 2012, we anticipate another good year given continued healthy global nutrient demand," said Jim Prokopanko, president and chief executive officer of Mosaic, in a statement.
I.B.M
International Business Machines Corp. said Monday its second-quarter net income rose to $3.66 billion, or $3 a share, from $3.39 billion, or $2.61 a share in the same period last year. Armonk, N.Y.-based IBM said revenue rose 12% to $26.7 billion. Analysts polled by FactSet Research had expected IBM to report earnings of $3.02 a share, and $25.4 billion in revenue for the quarter. IBM also said it is raising its earnings guidance for the full year, to "at least" $12.87 a share on a GAAP basis, from $12.73 a share. Shares of IBM fell nearly 1% in after-hours trading, following the earnings announcement
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