EdgeWater 10/26/2010 11:03:57 PM
News / Business

Tuesday`s Notable Earnings (FirstEnergy, BMY, DD)

Tuesday`s Notable Earnings

FirstEnergy Corp. (NYSE:FE) fell 2.72% to $36.12 on about 4.31 million shares. The company said its third-quarter profit fell to $175 million or 59 cents a share, from $230 million, or 77 cents a share, in the year-ago period.

Revenue rose to $3.7 billion, from $3.4 billion. The latest quarter includes 60 cents a share in costs tied to the company's coal-fired plants.

Wall Street analysts expected the power generation company to earn $1.14 a share and revenue of $4.1 billion, according to a survey by FactSet Research.

Over the past 52-week, the stock had traded within the range of $33.57-$47.77. The stock went down more than 23% year-to-date.

Bristol Myers Squibb Co. (NYSE:BMY) slid 0.66% to $26.98. The company said it earned $949 million, or 55 cents a share, in the latest quarter, compared with $966 million, or 48 cents a share, for the same period in 2009.

A poll of analysts by FactSet Research estimated Bristol-Myers would earn 53 cents a share on revenue of $4.94 billion.

The stock opened at $27.01 and traded within the range of $26.94-$27.23. In the past one month of trading sessions, the stock went down more than 2%.

E.I. du Pont de Nemours & Company (NYSE:DD) went down 2.08% to $46.71. The company said it earned $367 million, or 40 cents a share, in the quarter, compared with $409 million, or 45 cents a share, in the year-ago period.

Revenue rose 17% to $7 billion, which included a 14% increase in sales volume.

On average, analysts polled by FactSet Research expected DuPont to earn 33 cents a share on revenue of $6.8 billion.

The 52-week range of the stock is $31.02-$48. The stock made its fresh 52-week high of $48.

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