Shares of Heckmann Corporation (NYSE: HEK), a services-based company focused on total water solutions for shale or unconventional oil and gas exploration, are gaining before the opening bell.
HEK shares are currently trading 3.45% higher at $2.70.
Heckmann this week released its second-quarter financial results. The company’s second-quarter profit rose as revenues more than doubled from last year.
HEK reported net income from continuing operations of $10.7 million, compared to $0.3 million reported for the same period in the previous year. On a per share basis, the company’s earnings were $0.07, compared to breakeven in the second quarter of 2011.
Heckmann’s earnings for the second quarter beat Street estimates of $0.02 per share.
Heckmann’s revenue for the second quarter of 2012 totaled $90.8 million, compared to $39.2 million reported for the same period in the previous year. Analysts were expecting the company to report revenues of $98.86 million.
Shares of Dean Foods Company (NYSE: DF), a food and beverage company, are soaring in pre-market trading hours today.
At last check, DF shares were trading 28.42% higher at $15.95.
DF shares soared as the company swung to a profit in the second quarter. The company’s second-quarter earnings also beat Street estimates, even as revenue missed estimates. The company also raised its earnings outlook for the full year.
CEO Gregg Engles said that DF continued to build on its momentum in the second quarter, delivering strong growth across all of its operating segments. Engles said that in addition to each of DF’s businesses executing well against their stated plans, the company also continued to benefit from disciplined expense control across the organization.
Dean Foods reported a profit of $56.2 million, or $0.30 per share for the second quarter, compared to a loss of $50.5 million, or $0.28 per share reported for the same period in the previous year. Excluding one-time items, the Dallas, Texas-based company reported earnings of $0.36 per share, compared to $0.18 per share reported for the same period in the previous year. Analysts were expecting Dean Foods to report adjusted earnings of $0.31 per share.
DF’s sales for the second quarter fell from $3.30 billion last year to $3.13 billion in the second quarter of 2012. Second-quarter sales also fell short of analysts’ estimate of $3.23 billion.
Dean Foods also raised its earnings guidance for the full year. The company now expects full-year earnings to be between $1.18 per share and $1.28 peer share, compared to previous forecast of $1.10-$1.20 per share.
Dean Foods also announced that WhiteWave Foods Company, which includes WhiteWave-Alpro segment, filed for an IPO of up to 20% of its common shares.
Shares of Sodastream International Ltd. (NASDAQ: SODA), developer, manufacturer and marketer of home beverage carbonation systems and related products, rose sharply before the opening bell today.
SODA shares rose more than 7% in pre-market trading as the company’s second-quarter results beat Street estimates, driven by strong growth in U.S. and Western Europe. The company also boosted its full-year outlook.
SODA reported net income of $9.5 million, or $0.45 per share for the second quarter, compared to $6.6 million, or $0.32 per share reported for the same period in the previous year.
Excluding one-time items, SODA reported earnings of $0.52 per share. Revenue for the second quarter rose an impressive 49% to $103 million.
Analysts were expecting the company to report earnings of $0.46 per share and revenue of $90.6 million for the second quarter.
Looking ahead to the full year, SODA now expects profit to rise 55% and revenue to rise 40%. This compares with previous forecast of earnings growth of 50% and revenue growth of 33%.
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