headerads

Wednesday, August 1, 2012

Radian Group Falls After Earnings (RDN, EPD, MA, POZN, PNX)


Radian Group Inc. (NYSE:RDN) shares declined 3.57% to $2.70 in pre-market hour after the company reported a second quarter of $119.3 million or $0.90 a share, versus a year-earlier profit of $137.1 million, or $1.03 a share. Net premiums earned were slightly down by 1.1% to $186.8 million, while total revenue plunged 66%. Analysts expected a per-share loss of $0.55, excluding combined gains and losses, on $179 million in premiums earned.

Get Trend Analysis on RDN

Enterprise Products Partners L.P. (NYSE:EPD) stock plunged % to $ in the pre-market hour after the company posted second quarter net income of $566.3 million or $0.64 per unit from $433.7 million or $0.51 per unit in the same quarter previous year. Revenues declined to $9.79 billion from $11.22 billion in the prior-year quarter. Analysts expected earnings per share of $0.58 on revenues of $11.72 billion for the quarter.

POZEN Inc. (NASDAQ:POZN) reported second quarter revenue of $1.8 million, as compared to $4.6 million in the year ago period. The Company reported a second quarter net loss of $(5.1) million, or $(0.17) per share on a diluted basis, as compared to net loss of $(6.4) million, or $(0.21) per share on a diluted basis, for the second quarter of 2011.

Mastercard Inc (NYSE:MA) stock fell 2.65% to $424.33 in the pre-market hour after the company earned $700 million, or $5.55 per share in the second quarter, up from $608 million, or $4.76 per share, a year earlier. Adjusted profit was $713 million, or $5.65, beating analysts' estimates. Net revenue increased 9.2% to $1.82 billion. Analysts were expecting the company to earn $5.58 per share on revenue of $1.88 billion.

Get Trend Analysis on MA

The Phoenix Companies, Inc. (NYSE:PNX) shares declined 14.11% to $1.40 in the pre-market hour after the company posted a second quarter 2012 net loss of $13.2 million, or $0.11 per share, as compared to a net income of $15.2 million, or $0.13 per diluted share in the year ago period. The company’s second quarter 2012 operating income stood at $1.0 million, or $0.01 per diluted share, as compared o $7.9 million, or $0.07 per diluted share in the year ago period.

No comments:

Post a Comment


Privacy Policy | Legal Disclaimer