Cellcom Israel Soars On Earnings (TJX, CEL, AG, KITD, VAL)

The TJX Companies, Inc. (NYSE:TJX) stock gained 1.31% to $44.82 after the company posted second-quarter net income of $421.09 million or $0.56 per share, from $348.34 million or $0.45 per share in the year-ago period. Net sales for the quarter rose 9% to $5.95 billion from $5.47 billion in the year-ago period. Analysts expected the company to earn $0.55 per share on consensus revenue estimate of $6.00 billion.

Cellcom Israel Ltd. (NYSE:CEL) shares climbed 9.45% to $6.72 in the early hour after the company posted a second-quarter net income of NIS 121 million or $31 million, from NIS 244 million or $62.2 million in the same quarter last year. Quarterly basic earnings per share were NIS 1.22 or $0.31, from NIS 2.45 or $1.22 in the 2011 second quarter. Revenues totaled NIS 1.50 billion or $382 million, as compared with NIS 1.59 billion or $405 million in the previous year.

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First Majestic Silver Corp (NYSE:AG) shares declined 1.47% to $16.70 after the company announced the unaudited condensed interim consolidated financial results for the Company for the second quarter ending June 30, 2012. The company reported second quarter revenue of $54.8 million, a 19% decrease from the same quarter last year. Basic Earnings per Share amounted to $0.14, representing a 51% decrease from the year ago period, while adjusted Earnings per Share (non-GAAP) amounted to $0.19.

KIT digital, Inc. (NASDAQ:KITD) stock increased 1.29% to $3.15. The company will hold a conference call on Tuesday, August 14, 2012 at 5:00 p.m. Eastern time to discuss results for the second quarter ended June 30, 2012. Financial results will be issued in a press release prior to the call. The 52 week trading range for the company is $2.64 - $12.65.

The Valspar Corporation (NYSE:VAL) shares fell 3.83% to $50.91 after the company reported third quarter net income of $86.41 million or $0.92 per share, as compared to $67.39 million or $0.70 per share in the prior-year quarter. Adjusted net income grew 21% to $0.97 per share from $0.80 per share in the year-ago quarter. Net sales increased 1% to $1.08 billion from $1.07 billion in the same quarter last year. Analysts expected the company to report earnings of $0.96 per share on revenue estimate of $1.13 billion.