DOW JONES NEWSWIRES
Below is a synopsis of major second-quarter releases from
Tuesday afternoon:
Intel Posts Loss On Big Charge But Tops Street View
Intel Corp. (INTC) swung to a loss as the semiconductor giant
recorded a $1.45 billion charge related to the European Union's
record antitrust fine, but results easily topped Wall Street
estimates. Chief Executive Paul Otellini said the numbers reflect
improving conditions in the personal-computer market, sending
shares up 7.8% in after-hours trading.
Altera Hurt By Lower Revenue, Margins
Altera Corp.'s (ALTR) profit tumbled 52% as revenue and margins
fell, while the results were also hurt by a tax-expense charge.
Shares climbed 4.5% in after-hours trading as the logic-chip
maker's sales momentum continued on a sequential basis and adjusted
earnings topped analysts' estimates.
Yum Brands Posts Big Gain But Backs Year View
Yum Brands Inc.'s (YUM) earnings rose 35% as a big gain offset a
sales decline and the stronger dollar. In after-hours trading, Yum
shares were down 4.8% at $34.51, despite earnings beating Wall
Street estimates. Investors appear to be concerned that, despite
topping estimates, Yum held firm to its guidance for full-year
earnings growth of 10%. The international business also appeared to
disappoint with same-store sales increasing 1%.
J.B. Hunt Weighed Down By Pricing, Sees Improved Demand
J.B. Hunt Transport Services Inc. (JBHT) posted a 52% drop in
profit as pricing remained a challenge, but the company said it saw
signs of improved demand after three years of softness.
Levi Strauss Hurt By Stronger Dollar, Retail Climate
Levi Strauss & Co. swung to a loss as the global economic
downturn and stronger dollar led to a small decline in sales and
margins narrowed. Sales rose in the Americas, but that growth was
more than offset by declines in Europe and Asia Pacific.
Healthcare Services Sees Earnings Rise, Boosts Dividend
Healthcare Services Group Inc.'s (HCSG) profit climbed 12% as
the nursing-home, housekeeping and food service provider saw
revenue rise and also raised its dividend to 19 cents a share,
marking six years of increases to its quarterly payout.