Sherwin-Williams Company (NYSE:SHW) increased 3.74% to
$132.43 on a traded volume of 4.73 million shares after the Company reported
second quarter results. Net sales increased 9.3% to $2.57 billion in the
quarter due to higher paint sales volume in Paint Stores Group and increase in
selling price. Diluted net income per common share was $2.17 per share compared
to $1.66 per share in the prior year period. Net sales from stores open more
than twelve calendar months increased 13.9% in the quarter. Working capital
ratio was 12.6% compared to 14.9% in the previous year.
Safeway Inc (NYSE:SWY) slipped 4.18% and closed at 15.80
after the Company reported second quarter results. Income from continuing
operations was $121.7 million or $0.50 per diluted share in the second quarter
of 2012 compared to $146.0 million or $0.41 per diluted share in the second
quarter of 2011. Sales increased 1.9% to $10.4 billion primarily due to higher
fuel sales and an identical-store sales increase of 0.8%. Gross Profit Gross
profit was 26.27% of sales in the second quarter of 2012 compared to 27.00% of
sales in the second quarter of 2011.
Operating and Administrative Expense Operating and administrative
expense were 23.89% of sales compared to 24.28% of sales in the second quarter
of 2011.
TCF Financial
Corporation (NYSE:TCB) moved down 9.81% and closed at $10.30. The Company
declared a dividend on its 7.50% Series A Non-cumulative Perpetual Preferred
Stock payable on September 4, 2012. In addition, the Company declared a
quarterly cash dividend of $0.05 per common share payable on August 31, 2012.
TCF Inventory Finance
INC has entered into a multi-year agreement with Independent Boat
Builders Inc. TCFIF will provide wholesale floorplan financing solutions to the
22 boat manufacturers that are members of IBBI in the United States and Canada.
The Travelers Companies Inc (NYSE:TRV) went down 0.48% and
the last traded price was $63.69 on a traded volume of 3.40 million shares. The
Company reported second quarter profit of $499 million or $1.26 per diluted
share compared to net loss of $364 million or loss 88 cents per share in the
prior year period. However, the analysts estimate profit of $1.38 per share.
Union Pacific
Corporation (NYSE:UNP) soared 3.52% and closed at $122.77. The Company reported
second quarter net income of $1 billion or $2.10 per share compared to $785
million or $1.59 per share in the previous year period. Revenue increased 7.6%
to $5.22 billion. Wall Street analysts expected profit of $1.97 per share on
revenue of $5.22 billion.
No comments:
Post a Comment