WASHINGTON (MarketWatch) — Among the companies whose shares could see active trade in Thursday’s session are Goldcorp Inc., Teradyne Inc. and Royal Caribbean Cruises Ltd.
Blue chips E.I. du Pont de Nemours & Co. /zigman2/quotes/203606582/composite DD -0.64% and Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +1.03% lead the Thursday earnings parade, with others expected to post financial results including Colgate-Palmolive Co. /zigman2/quotes/200774077/composite CL -0.90% , Goodyear Tire & Rubber Co. /zigman2/quotes/210067261/composite GT +2.28% , Kellogg Co. /zigman2/quotes/209631250/composite K -1.29% and Starwood Hotels & Resorts .
Along with reporting second-quarter results, Teradyne /zigman2/quotes/208321188/composite TER -0.95% forecast third-quarter results below consensus estimates. The electronics testing equipment maker pegged adjusted earnings in a range of 22 cents to 26 cents a share on revenue of $320 million to $340 million. Analysts surveyed by FactSet Research had been looking for a profit of 42 cents a share on revenue of $396.8 million.
Royal Caribbean’s board reinstated the quarterly dividend at a rate of 10 cents a share, the company said. It’s payable Aug. 30 to shareholders of record at the close of business on Aug. 12. Royal Caribbean /zigman2/quotes/208854639/composite RCL +2.37% also lowered its 2011 profit forecast, in part to reflect an error in the accounting treatment of interest expense relating to amortization of certain financing fees.
Goldcorp revised its 2011 forecast for gold production to between 2.5 million and 2.55 million ounces, down from a range pegged between 2.65 million and 2.75 million ounces previously. However, the company said it also sees cash costs for 2011 at between $180 and $220 per ounce of gold on a by-product basis, an improvement over the prior estimated range of between $280 and $320 per ounce.
Kirby Corp. /zigman2/quotes/207111313/composite KEX +4.00% issued an upwardly revised profit forecast for 2011 along with reporting second-quarter results. The company now sees full-year earnings in a range of $3 to $3.10 a share, up from $2.70 to $2.90 a share previously.
Wesco Aircraft Holdings Inc. priced its initial public offering at $15 for the 21 million common shares that begin trading Thursday on the New York Stock Exchange. Valencia, Calif.-based Wesco is a major parts distributor and supply-chain services provider to aerospace industry.
Wednesday earnings recap
Investors reacted positively to third-quarter financial results that Green Mountain Coffee Roasters Inc. reported after the close. Green Mountain cited the success of its Keurig single-cup brewing system as management laid out the company’s financial forecast for fiscal 2012, emphasizing expectations for strong sales growth.
Citrix Systems Inc. /zigman2/quotes/206700852/composite CTXS -1.34% reported a higher second-quarter profit and revenue, but the maker of business software maker also disclosed a third-quarter forecast that left investors disappointed.
Akamai Technologies Inc. /zigman2/quotes/203072268/composite AKAM -1.53% reported second-quarter profit of $47.9 million, or 25 cents a share, up from $38.1 million, or 20 cents, earned in the same period a year ago. Quarterly revenue came in at $277 million, up from $245.3 million. Excluding items, Akamai would have earned 35 cents a share. Analysts’ consensus view had been for the company to earn 36 cents a share on $277.8 million in revenue.
Crocs Inc. /zigman2/quotes/201458716/composite CROX +0.88% said second-quarter profit jumped to $55.5 million, or 61 cents a share, up from $32.3 million, or 37 cents, earned in the year-ago period. Quarterly revenue spiked to $295.6 million from $228 million a year ago. Both earnings and revenue came in handily above analyst expectations