Genworth Financial, Inc. (NYSE:GNW) Is Today'??™s Top Stock To watch; The Walt Disney Company (NYSE:DIS) And The Hanover Insurance Group, Inc. (NYSE:THG) Is Expected To See Active Trading In Today's Market
Saturday, Aug 01,2009, 1:21:39 PM Click:
Genworth Financial, Inc. (NYSE:GNW) on July 30, 2009, reported 2Q2009 net loss of $50 million, or $0.11 a share. That compares to a net loss of $109 million, or $0.25 a share, in 2Q2008. Net operating income, which excludes net realized investment gains and losses, was $9 million, or $0.02 a share, in the latest period. Genworth was expected to make $0.16 a share, according to the average estimate of 14 analysts polled by Thomson Reuters. The company's U.S. Mortgage Insurance unit suffered a $134 million net operating loss, as higher incurred losses in the quarter overwhelmed loss-mitigation efforts and other benefits. Yesterday, the stock closed at $7.11.
The Walt Disney Company (NYSE:DIS), yesterday, July 30, 2009, reported that in the fiscal 3Q2009, the company earned $954 million, or $0.51 a share, compared with a profit of $1.29 billion, or $0.66 a share, in 3Q2008. Excluding items, the company would have earned $0.52 a share in the latest three months. Revenue fell 7% to $8.6 billion from $9.24 billion. Analysts polled by Thomson Reuters expected to see a profit of $0.51 a share on sales of $8.83 billion. In the last trading session, the stock closed at $26.22.
The Hanover Insurance Group, Inc. (NYSE:THG) on July 30, 2009, reported that it swung to a profit of $64.4 million, or $1.25 a share. The profit included $0.43 a share from a debt restructuring. In the year-earlier quarter, Hanover posted a net loss of $10.2 million, or 20 cents a share. Net premiums written during the quarter rose 3.5% to $663 million. Hanover shares closed at $39.92 ahead of the earnings report.
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