U.S. stocks were trading lower on Thursday on 13th Aug, 2010 at 3:44PM EDT as the Dow Jones Industrial Average fell 52 points to 10327, the Standard & Poor’s 500 dropped 5 points to 1084 and the Nasdaq Composite declined 18 points to 2191.
Advance Auto Parts Inc. (NYSE:AAP, $54.60, +$2.69, 5.18%) on Wednesday reported that its fiscal second-quarter earnings rose 25 percent, helped by the addition of new stores over the past year. Advance Auto Parts reported second-quarter net income of $100.9 million, or $1.16 per share, up from $80.3 million, or 83 cents per share, in the same quarter a year earlier. Revenue rose 7.2 percent to $1.42 billion from $1.32 billion.
China Agritech, Inc. (NASDAQ:CAGC, $16.70, +$2.78, 19.97%), a leading organic compound fertilizer manufacturer and distributor in the People’s Republic of China, on Thursday reported its second-quarter profit. China Agritech reported second-quarter net income of $20.79 million, or $1.05 per share, compared with $5.86 million, or 44 cents per share, in the same quarter a year earlier. Revenue rose 63.3 percentto $34.27 million from $20.99 million.
Cisco Systems Inc. (NASDAQ:CSCO, $21.39, -$2.34, -9.88%) reported that its fourth quarter revenue rose 27 percent over the previous year’s fourth quarter, fueling a 79 percent jump in profits. Cisco Systems reported fourth quarter net income of $1.9 billion, or 33 cents per share, compared from $1.1 billion, or 19 cents per share, in the same quarter a year earlier. Revenue rose 27 percent to $10.8 billion.
Estee Lauder (NYSE:EL, $58.30, -$2.05, -3.40%), a manufacturer and marketer of skin care, makeup, fragrance and hair care products, on Thursday reported its fourth quarter profit helped by igher sales of its skin care products and makeup globally. Estee Lauder reported fourth quarter net income of $23.9 million, or 12 cents per share, compared to a loss of $17.9 million, or 9 cents per share, in the same quarter a year earlier.
Elizabeth Arden, Inc. (NASDAQ:RDEN, $16.11, +$1.60, 11.03%) is a global beauty products company with a portfolio of fragrance, skin care and cosmetics brands, returned to a fourth-quarter profit helped by cost cutting and higher revenue from its cosmetics and perfume. Elizabeth Arden reported fourth-quarter net income of $2.3 million, or 8 cents per share, compared with a loss of $3.6 million, or 13 cents per share, in the same quarter a year earlier. Revenue rose 7 percent to $228.2 million from $212.6 million.
Shares of Texas-based RealPage (NYSE:RP, $14.87, +$1.87, 14.39%), a developer of property management software, opened above its IPO price on Thursday. The company on Wednesday sold 12.3 million shares at $11 apiece, raising $135.3 million. RealPage had planned to sell 13.5 million shares at $13 to $15 each.
ABOUT TheOTCmarket.COM
TheOTCmarket.COM is a leading stock website that provides free daily alerts on stocks that are moving up OR DOWN. TheOTCmarket.COM also tracks small cap stocks that are about to surge. We also feature companies on our special research report, analysis, and newsletters.
TheOTCmarket.COM is an independent electronic publication that provides information on selected publicly traded companies. TheOTCmarket.COM is not a registered investment advisor or broker-dealer TheOTCmarket.COM’s affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.