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Wednesday, July 20, 2011

Earnings Beats & Misses: (NVS), (AAPL), (KEY), (WFC), (BK)

Novartis Ag (NVS) announced their most recent earnings results for the quarter ended in June 2011. Analysts were expecting $1.44 per share, and the company reported $1.47 per share. Earnings were 2.08% larger than expected. An upside surprise. Investors could expect the stock price to rise on better than expected results. Further analysis on other trends may need to be completed to determine whether the upswing will be confirmed. Guidance, stock price, and revenue estimates must be considered as well. A total of 5 analysts are currently covering this company. Shares of NVS fell by 0.19% or $-0.12/share to $62.05. In the past year, the shares have traded as low as $48.30 and as high as $64.82. On average, 3366550 shares of NVS exchange hands on a given day and today's volume is recorded at 481566.

Apple Inc (AAPL) announced their most recent earnings results for the quarter ended in June 2011. They reported actual earnings per share of $7.79 when they were expecting earnings to be $5.81 per share. Actual earnings beat estimated earnings by $1.98 per share. Investors might expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration. A total of 41 analysts are currently covering this company. Shares of AAPL traded higher by 3.47% or $13.06/share to $389.91. In the past year, the shares have traded as low as $235.56 and as high as $378.65. On average, 14791900 shares of AAPL exchange hands on a given day and today's volume is recorded at 10114606.

Keycorp (KEY) announced their most recent earnings results for the quarter ended in June 2011. Earnings came in at $0.26 per share compared to analyst estimates of $0.2 per share. Earnings beat analyst estimates by 30.0%. Investors might expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration. Shares of KEY traded higher by 1.74% or $0.14/share to $8.20. In the past year, the shares have traded as low as $7.13 and as high as $9.77. On average, 11778800 shares of KEY exchange hands on a given day and today's volume is recorded at 2091211.

Wells Fargo & Company (WFC) announced their most recent earnings results for the quarter ended in June 2011. They reported actual earnings per share of $0.7 when they were expecting earnings to be $0.69 per share. Earnings beat analyst estimates by 1.45%. Investors could expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration. A total of 18 analysts are currently covering this company. Shares of WFC traded higher by 1.65% or $0.47/share to $28.88. In the past year, the shares have traded as low as $23.02 and as high as $34.25. On average, 36917100 shares of WFC exchange hands on a given day and today's volume is recorded at 7361014.

The Bank Of New York Mellon Corporation (BK) announced their most recent earnings results for the quarter ended in June 2011. They reported actual earnings per share of $0.59 when they were expecting earnings to be $0.56 per share. Earnings beat analyst estimates by 5.36%. Investors might expect the stock price to rise on better than expected results. Further analysis on other trends may need to be completed to determine whether the upswing will be confirmed. Guidance, stock price, and revenue estimates must be considered as well. Shares of BK fell by 0.04% or $-0.01/share to $24.72. In the past year, the shares have traded as low as $23.78 and as high as $32.50. On average, 7954680 shares of BK exchange hands on a given day and today's volume is recorded at 650243.