Mar 1, 2016

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3 Stocks’ Earnings Surpassed Estimates: Actua Corp (NASDAQ:ACTA), MBIA Inc (NYSE:MBI), Endo International plc (NASDAQ:ENDP)

3 Stocks’ Earnings Surpassed Estimates: Actua Corp (NASDAQ:ACTA), MBIA Inc (NYSE:MBI), Endo International plc (NASDAQ:ENDP)

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. Earnings typically refer to after-tax net income. Ultimately, a business’s earnings are the main determinant of its share price, because earnings and the circumstances relating to them can indicate whether the business will be profitable and successful in the long run.

Earnings are perhaps the single most studied number in a company’s financial statements because they show a company’s profitability. A business’s quarterly and annual earnings are typically compared to analyst estimates and guidance provided by the business itself. In most situations, when earnings do not meet either of those estimates, a business’s stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge.

Actua Corp (NASDAQ:ACTA) recently brought positive earnings surprise of -27.2727% as, on 2/29/16, it reported EPS of -$0.08 versus the consensus estimate of -$0.11. The stock closed at $8.13 on when approximately 158,159.00 shares were traded, against the average daily trading volume of 117,767.00. The stock failed to get pushed above the $8.26 barrier, the intraday high. Its 52-week high is $17.04 and so far in this year the stock has moved down -29%.

MBIA Inc (NYSE:MBI) posted a positive earnings surprise of 350.0000% when it released quarterly results on 2/29/16. It earned $0.54 per share versus the mean forecast of $0.12. The stock recently closed by the increase of +2.24% to $6.86. The trading volume at ready counter moved to 2.41 million shares as compared to 2.48 million shares average traded volume. Its market capitalization has now reached to $1.05 billion.

Endo International plc (NASDAQ:ENDP), on 2/29/16, reported that its EPS was $1.36 compared with the average expectation for $1.27 a share. The difference between its actual earnings and forecasted EPS was 7.0866%. The share price of Endo International plc (NASDAQ:ENDP) was down -21.02% from the previous closing rate after touching an intraday high of $50.56. The stock’s low point in its 52 week range is $39.97 per share, with $96.58 as the 52 week high point — that compares with a last trade of $41.81. Trading volume was at 22.68 million shares versus an average volume of 3.93 million shares.

 

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