Titanium Metals Corp (NYSE:TIE) stock increased 1.64% to $11.77. The company will unveil its latest earnings on Thursday, August 2, 2012. Titanium Metals is a producer of titanium melted and mill products, titanium sponge and industrial fabrications. The 52 week trading range for the company is $10.42 - $18.22. The shares of the company have plunged 33% in the last one year.
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Thomson Reuters Corporation (USA) (NYSE:TRI) stock fell 2.70% to $28.13 after the company’s second-quarter profit soared 64% primarily due to lower operating expenses and double-digit revenue growth at its tax and accounting division.
The company posted second-quarter earnings of $922 million or $1.11 per share from last year's $563 million or $0.67 per share. Adjusted earnings from continuing operations were $449 million or $0.54 per share. On an IFRS basis, revenues decreased 4% to $3.31 billion from $3.45 billion, while non-IFRS revenues from ongoing businesses increased to $3.19 billion, as compared to $3.16 billion in the prior-year period. Analysts estimated revenues of $3.21 billion for the quarter.
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TRW Automotive Holdings Corp. (NYSE:TRW) shares climbed 5.30% to $38.35 after the company posted second quarter profit of $220 million, or $1.71 a share, as against $293 million, or $2.21 a share, in the same period a year earlier. Adjusted per-share earnings in the latest quarter were $1.72. as compared with $1.99 in the comparable quarter last year. Analysts were looking for $1.55 a share. Sales increased to $4.24 billion from $4.23 million last year and in line with the company's May projection of approximately $4.2 billion.
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Tyco International Ltd. (NYSE:TYC) stock gained 2.38% to $55.06 after the company posted third quarter net income of $242 million or $0.51 per share, as against $359 million or $0.76 per share reported last year. Earnings per share from continuing operations in the recent quarter were $0.54 per share. Adjusted earnings from continuing operations were $1.01 per share, up from $0.85 per share in the prior year. Net revenues for the quarter grew 4 percent to $4.46 billion for the quarter. Analysts expected the company to earn $0.93 per share on revenues of $4.54 billion.
UBS AG (USA) (NYSE:UBS) shares fell 4.70% to $10.54 after the company sees mixed second quarter in wealth and asset management. However, a cut of 666 staff at the company’s wealth division was not enough to prevent pre-tax profits at its European and Asian private-banking operations falling 25% as compared to the second period last year.
Valero Energy Corporation (NYSE:VLO) shares increased 5.71% to $27.57 after the company reported a second-quarter profit of $831 million or $1.50 per share, as compared with $745 million, or $1.30 per share, a year earlier. Analysts on average had expected a profit of $1.43 per share.
Additionally, the company disclosed its plan to potentially cut off its retail business from the rest of the company. The company recently expanded the coker at the Port Arthur plant to 95,000 bpd from 85,000 bpd. It also expanded its crude and vacuum units, helping the plant to process heavy sour crude.