Stocks Expected to Move During Thursday's Trading Session

Strategic Insights -

Barrick Gold Corp. reported a decrease in adjusted earnings due to a foreign exchange loss, despite beating analyst estimates. The company's revenue rose to $2.03 billion, driven by higher production and prices. In contrast, Goldcorp Inc. posted a second-quarter loss of 32 cents a share, excluding items, just below the Thomson Reuters mean estimate. Canadian Pacific Ltd. saw a decline in operating earnings, but managed to surpass analyst expectations. Petro-Canada reported a decrease in operating earnings and cash flow due to lower prices and volumes.

Key Takeaways:

  • Barrick Gold Corp.'s second-quarter adjusted earnings fell to 49 cents a share from 51 cents, beating analyst estimates of 38 cents.
  • Goldcorp Inc. posted a second-quarter loss of 32 cents a share, excluding items, just below the Thomson Reuters mean estimate of 15 cents.
  • Canadian Pacific Ltd. operating earnings in the second quarter fell to 59 Canadian cents a share from 97 Canadian cents, beating the Thomson Reuters mean estimate of 34 Canadian cents.
  • Petro-Canada second-quarter operating earnings fell to 20 Canadian cents a share from C$2.38, hurt by lower prices and volumes.
  • Credit Suisse's analysts reduced their target price for Barrick Gold Corp. due to a decrease in operating earnings.
  • The company's revenue rose to $2.03 billion, driven by higher production and prices.

Statistics:

  • Barrick Gold Corp.'s second-quarter adjusted earnings fell by 1.96% to 49 cents a share.
  • Goldcorp Inc.'s second-quarter loss of 32 cents a share was a decrease of 100% from the same period last year.
  • Canadian Pacific Ltd.'s operating earnings in the second quarter fell by 38.69% to 59 Canadian cents a share.
  • Petro-Canada' second-quarter operating earnings fell by 92.84% to 20 Canadian cents a share.
  • The Thomson Reuters mean estimate for Barrick Gold Corp.'s adjusted earnings was 38 cents.
  • The Thomson Reuters mean estimate for Goldcorp Inc.'s adjusted earnings was 15 cents.

Sources:

  • (C) 2009 Dow Jones & Company, Inc.
  • Dow Jones Commodities News Select via Comtex
  • Comtex SmarTrend Alert
  • www.mysmartrend.com