Penny Stock Pick Report alerts investors on Top Stocks that would help investors to generate higher than average returns. Subscribe to FREE Stock Alerts by visiting: http://www.pennystockpickreport.com/
Noble Energy, Inc. (NYSE:NBL) jumped up 3.20% to $69.07 after it said Thursday that third-quarter earnings were $107 million, or 61 cents a share, compared to $974 million, or $5.37 a share, in the same period a year ago. Adjusted earnings were $1.10 versus $2.08 a share. Revenue in the period fell to $621 million compared to $1.1 billion. Analysts polled by FactSet Research estimated, on average, earnings per share of 81 cents and sales of $676 million.
Xcel Energy Inc. (NYSE:XEL) trading flat after it reported third-quarter net income of $220.8 million, or 48 cents a share, down a bit from the year-ago period's earnings of $222.8 million, or 51 cents a share. "Lower sales resulting from unseasonably cool temperatures, as well as an increase in our overall effective tax rate reduced our earnings," said Chief Executive Richard Kelly. Third-quarter revenue fell to $2.31 billion from $2.85 billion. Xcel Energy said it expects full-year earnings near the midpoint of its outlook, which is in the range of $1.45 and $1.55 a share.
Cincinnati Financial Corporation (NASDAQ:CINF) climbed 1% to $25.44 after it its third-quarter profit fell 31%, to $171 million, or $1.05 a share, compared to $$247 million, or $1.50 a share last year. Revenue fell 15%, to $.101 billion, from $1.19 billion last year. Operating income at the company rose 30%, to $96 million, or 59 cents a share, compared to $74 million, or 45 cents a share last year. Analysts polled by FactSet Research had expected the company to earn 42 cents a share.
ABOUT PennyStockPickReport.com
Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your research before you plan to invest in any of the stocks mentioned above.