Month: November 2011

Steel giant ArcelorMittal ( MT ) reported diluted net earnings of 19 cents per share in the third quarter of 2011, much below the Zacks Consensus Estimate of 51 cents and last year’s 89 cents per share. Total steel shipments in the third quarter of 2011 were 21.1 million metric tonnes compared with 20.5 million metric tons in the year-ago quarter. Revenue Quarterly revenues increased 22.6% year over year to $24.2 billion from $19.7 billion in the year-ago quarter and decreased 3.6% sequentially from $25.1 billion. […]

A record quarter for AMERCO (UHAL) Ian Gilson, CFA On November 2, 2011 AMERCO ( UHAL ) announced its 2012 second fiscal quarter results, followed by a conference call on November 3, 2011. Revenue from the moving and storage operations were well above our expectations: 1Q actual 2Q actual 2Q est. (Dollars in millions) Self-moving equipment $446.5 $511.6 $490.0 Products and services $64.4 $59.8 $57.0 Self storage $31.8 $34.0 $34.0 Self storage management fees $4.7 $4.8 $5.0 Total moving and storage $542.6 $605.4 $581.0 (excluding interest & investment income) Operating expenses $272.0 $294.3 $280.0 Pretax earnings $125.7 $161.5 $147.8 Net for Common $75.1 $101.2 $93.1 During the second quarter the truck rental operations achieved transaction growth of about 7%, with about 3% due to an increase in truck count, and revenue per transaction up about 2.5% year over year. […]

Genworth Financial Inc . ( GNW ) reported its third quarter operating income of 21 cents per share, a penny ahead of the Zacks Consensus Estimate. Results breezed past the year ago earnings of 6 cents […]

DaVita Inc. ( DVA ) reported third-quarter income from continuing operations of $138.2 million, or $1.45 per share, which exceeded the Zacks Consensus Estimate by a penny. The earnings were also higher than $119.5 million or $1.15 per share earned in the comparable quarter of 2010. […]

Microchip Technology Incorporated ( MCHP ) reported net revenues of $340.6 million in the second quarter of fiscal 2012, down 9.1% sequentially but up 10.9% year over year. The results were in line with the company’s revised guidance released earlier this month. On a geographical basis, revenues from Americas were down 9.4% sequentially. […]

Magna International Inc. ( MGA ) reported earnings of $102 million or 42 cents per share in the third quarter of 2011, significantly down from $266 million or $1.14 per share in the year-ago quarter. […]