EdgeWater 10/22/2010 10:38:03 PM
News / Business

Earnings to Watch (FCX, ETR, XLNX)

Earnings to Watch

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) dropped 1.86% to $94.64. The company said third-quarter profit climbed 27% to $1.18 billion, or $2.49 a share, with revenue rising to $5.15 billion from $4.14 billion.

Analysts polled by FactSet had expected earnings of $2.08 a share on revenue of $4.59 billion from the Phoenix, Ariz.-based mining firm.

Over the past 52-week, the stock traded within the range of $56.71-$100.34. At current market price, the market capitalization of the company stands at $44.50 billion.

Entergy Corporation (NYSE:ETR) slid 0.03% to $75.26. The company said Thursday its third-quarter earnings climbed to $492.9 million, or $2.62 a share, from $455.2 million, or $2.32 a share, in the year-ago period.

Revenue increased to $3.33 billion, from $2.94 billion. Wall Street analysts expected Entergy to earn $2.60 a share, on revenue of $3.44 billion, according to a survey by FactSet Research.

The stock went down more than 9% year-to-date.

Xilinx, Inc. (NASDAQ:XLNX) lost 0.79% and currently trading at $24.97. Yesterday, the company said that its fiscal second-quarter profit jumped to $170.9 million or 65 cents a share, from $64 million, or 23 cents a share, in the comparable quarter last year. Revenue surged 49% to $619.7 million from $414.95 million.

Analysts, on average, expected the company to report earnings of 65 cents per share on revenue of $626.32 million.

The 52-week range of the stock is $21.01-$29.40.

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