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Saturday, December 17, 2011

Company Results Wrapup: (VIV), (STEI)

Telefonica Brasil, S.a (VIV) reported earnings results for the quarter ended September 2011. The company reported $0.7 per share when analysts were expecting earnings of $0.68. Earnings beat analyst estimates by 2.94%. 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. Shares of VIV traded higher by 0.98% or $0.26/share to $26.80. In the past year, the shares have traded as low as $22.57 and as high as $32.14. On average, 1439720 shares of VIV exchange hands on a given day and today's volume is recorded at 1632328.

Stewart Enterprises Inc (STEI) reported earnings results for the quarter ended October 2011. Earnings came in at $0.09 per share compared to analyst estimates of $0.1 per share. Earnings were unexpectedly -10.0% lower than estimated. Investors could expect the stock price to decrease as earnings were worse than expected. Further analysis may need to be conducted to determine whether the downswing will occur. A total of 5 analysts are currently covering this company. Shares of STEI fell by 2.36% or $-0.13/share to $5.37. In the past year, the shares have traded as low as $5.11 and as high as $8.39. On average, 451691 shares of STEI exchange hands on a given day and today's volume is recorded at 1508836.