Earnings watch: Pfizer, Dunkin' Brands

The drugmaker reports better-than-expected results. Dunkin' Donuts' parent company posts a loss on IPO charges and debt payments.

By TheStreet Staff Nov 1, 2011 7:59AM

TheStreetBy Andrea Tse, TheStreet 

 

Pfizer (PFE) reported adjusted earnings of 62 cents a share as revenue rose 7% to $17.2 billion for the third quarter and raised its 2011 guidance. Analysts were expecting a profit of 56 cents on revenue of $16.4 billion. Shares were surging 1.6% to $19.57 ahead of Tuesday's open.

 

Dunkin' Brands (DNKN), the parent company of Dunkin' Donuts and Baskin-Robbins, reported a loss in net income of 61% in the third quarter. The company cited charges related to going public and paying down its debt. But earnings were 28 cents per share without the special items, beating analysts' estimates of 25 cents. Revenue rose 9% to $163.5 million, also beating a forecast of $159.3 million. Shares were down nearly 3% at $28.25.


Shares of Credit Suisse (CS) were falling 8.7% to $26.44 after the Swiss bank missed profit projections with third-quarter earnings of 683 million Swiss francs ($769 million). The company also announced it will reorganize its securities division and cut 1,500 more jobs. The reductions are in addition to the 2,000 Credit Suisse announced in July.

 

Satellite radio company Sirius XM (SIRI) reported third-quarter revenue of $763 million, missing the average estimate of $764.3 million. Third-quarter profit came in at 2 cents a share, compared with the Wall Street target of 1 cent. Shares were down 1.1% to $1.77.

 

Anadarko Petroleum (APC) reported a third-quarter profit of 66 cents a share, narrowly missing the average analyst estimate of 67 cents a share.

 

Insurance giant Allstate (ALL) beat Wall Street's profit expectations despite a spike in catastrophe losses related to Hurricane Irene and Tropical Storm Lee. The company reported an operating profit of $84 million, or 16 cents a share, for the third quarter, down from a year-ago equivalent of $452 million, or 83 cents. However, the company beat the average analysts' estimate of 8 cents a share.

 

In other company news, federal regulators are investigating broker-dealer MF Global (MF) after millions in customer funds had "gone missing" in recent days, according to The New York Times.

 

Related Articles

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

117
117 rated 1
280
280 rated 2
478
478 rated 3
656
656 rated 4
650
650 rated 5
640
640 rated 6
647
647 rated 7
482
482 rated 8
277
277 rated 9
126
126 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
FOXATWENTY-FIRST CENTURY FOX Inc CLASS A10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.