3 Earnings Reports That Caught My Attention Last Weekhttp://www.fool.com/investing/general/2012/05/21/3-earnings-reports-that-caught-my-attention-last-.aspx Sean Williams
May 21, 2012
After wrapping up an incredibly strong first quarter of earnings reports, we're halfway through the second quarter, with many reports still coming in better than expected. With so many companies reporting during the weeks that comprise earnings season, it's easy for some earnings reports to fall through the cracks.
Each week this year, I've taken a look at three companies that could be worth further research after either beating or missing their profit expectations. Today we'll take a gander at three more companies that reported earnings last week. If they slid under your radar, they deserve a look:
Source: Yahoo! Finance.
Although the market has been nothing short of challenging, VimpelCom is successfully making this transition. In the first quarter, revenue grew 3%, while EBITDA jumped 9%. The company noted during the quarter that it would focus less on subscriber growth and instead boost its EBITDA growth by controlling expenses. Ultimately, this should result in improved profitability.
It's also worth keeping in mind that some of the reasons for the earnings shortfall included smaller currency gains, higher tax rates, and debt amortization -- nothing that materially affects the company's growth. As VimpelCom expands internationally and focuses on improving EBITDA growth, expect its stock to rebound accordingly.
Jack in the Box
In the second quarter, Jack in the Box reported a profit that blew analyst estimates out of the water. True, some of that was due to a $14.1 million gain received from selling 37 of its restaurants, but much of it resulted from healthier menu choices, catering to a wider audience, and restaurants with a friendlier appearance. It also expects same-store sales to grow between 3.5% and 4.5% in the upcoming quarter.
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