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Thursday, August 11, 2011

Earnings Beats & Misses: (CTWS), (ROVI), (TSE: CVL)

Connecticut Water Service Inc (CTWS) announced their most recent earnings results for the quarter ended in June 2011. They reported actual earnings per share of $0.4 when they were expecting earnings to be $0.35 per share. Actual earnings beat estimated earnings by $0.05 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 6 analysts are currently covering this company. Shares of CTWS traded higher by 0.32% or $0.08/share to $25.40. In the past year, the shares have traded as low as $21.00 and as high as $28.27. On average, 22765 shares of CTWS exchange hands on a given day and today's volume is recorded at 1485.

Rovi Corporation (ROVI) reported earnings results for the quarter ended June 2011. They reported actual earnings per share of $0.41 when they were expecting earnings to be $0.49 per share. Earnings were unexpectedly -16.33% lower than estimated. Investors might expect the stock price to fall as earnings were below expectations. Examining previous stock price movement may help to further determine the direction of the share price. Guidance, stock price, and revenue estimates must be considered as well. Shares of ROVI fell by 1.48% or $-0.76/share to $50.71. In the past year, the shares have traded as low as $41.00 and as high as $69.50. On average, 1367140 shares of ROVI exchange hands on a given day and today's volume is recorded at 1570715.

Canadian listed Cervus Equipmnt (CVL) reported earnings results for the quarter ended June 2011. Analysts were expecting $0.5 per share, and the company reported $0.39 per share. Earnings were unexpectedly -22.0% lower than estimated. Investors could expect the stock price to fall as earnings were below expectations. Examining previous stock price movement may help to further determine the direction of the share price. Guidance, stock price, and revenue estimates must be considered as well. There are currently 4 analysts covering this firm. Investors can look to their reports for more information.