P&G's Profit Drops 16%, Cuts Forecast

Zacks.com submits: After the bell Monday, IBM Corp. (IBM) reported earnings per share (EPS) of $2.61, marginally beating the Zacks Consensus Estimate of $2.58.

Agnico-Eagle Mines Ltd reported a drop in quarterly profit on Thursday, hurt in part by lower gold prices and production, and raised its forecast cash costs for the year. The Toronto-based company said its La India project in Mexico is now expected to start commercial production in the first quarter of 2014, rather than the second quarter.

Ockham Research submits: Shares of enterprise software company CA Inc (CA) are getting hammered today after the company reported a disappointing Q4 on Thursday afternoon. The company known for their mainframe and other complex computing software said that bookings fell 1% (4% on constant-currency basis) partially due to weaker results in internet security business.

Ockham Research submits: Avis Budget Group (CAR) reported their fiscal fourth quarter loss narrowed, but weak guidance has the stock trading down more than 15% in Thursday afternoon trading. Overall, the company reported a loss of $49 million or 47 cents per share, which is far better than the $121 million they lost a year ago.

ING Groep NV, the largest Dutch financial-services company, reported profit that missed analysts’ estimates on restructuring costs as it announced another 2,400 job reductions. The shares slumped in Amsterdam. Fourth-quarter net income was 1.43-billion euros (US$1.92-billion) compared with 1.19 billion euros a year earlier, ING said in a statement. That missed the 1.63 billion-euro median estimate of 12 analysts surveyed by Bloomberg. It incurred 643 million euros in special items after tax, including expenses for the job cuts announced today.

Ockham Research submits: Analog Devices (ADI) reported a more than tripling of net income in their fiscal second quarter and reported both sales and earnings ahead of Wall Street’s expectations.

By Zacks.com: Activision Blizzard Inc.’s (ATVI) robust fiscal second quarter 2011 results surpassed the Zacks Consensus Estimate on both the top and bottom lines. Activision earned 9 cents per share (including stock based compensation but excluding one time items), well ahead of the Zacks Consensus Estimate of 4 cents and management’s guidance of 4 cents.

Zacks.com submits: Wendy’s/Arby’s Group Inc. (WEN) recently posted first quarter 2011 adjusted earnings of approximately one cent per share, which missed the Zacks Consensus Estimate by a penny. The results were slightly below expectations due to higher commodity costs.