Caremark (
CMX: chart) reported 2Q earnings of $212.8 million, or 47 cents per share, compared with $139.2 million, or 30 cents per share, in last year's comparable quarter.
Revenue climbed 13% to $8.24 billion, on mail-pharmacy revenue, which surged 34% to $2.8 billion in the quarter.
Analysts projected 2Q earnings of 46 cents per share on estimated revenue of $8.19 billion.
Caremark sees 3Q earnings of 51 cents per share, a penny above analysts' view of 50 cents a share for the quarter.
For the full year, the company sees earnings ranging from $1.95 to $1.97 per share, on revenue growth between 28% and 30% versus the company’s earlier target for earnings from $1.92 to $1.94 per share on 25% to 28% revenue growth.
For 2005 analysts’ estimate is of earnings $1.93 per share on $33.26 billion in revenue. Both 3Q and full-year expectations exclude integration and other related expenses.
Gemstar-TV Guide International Inc. (
GMST: chart), whose technology allows TV viewers to review on-screen listings and record programs, on Thursday reported a 2Q loss compared with a profit in 2Q a year earlier.
Following the news, shares of Gemstar added 3% on the Nasdaq Stock Market.
Gemstar-TV Guide posted a loss of $5.1 million, or a penny per share, vs. a last-year’s profit of $42 million, or 10 cents per share.
Revenue dropped less than 1% to $177 million vs. $178.5 million a year ago. Analysts expected a loss of 5 cents per share on estimated revenue of $171.6 million.
Last year's 2Q included a $23.3 million income-tax benefit and a $10.1 million settlement of a lease obligation for less than previously accrued amounts related to Gemstar's former eBook operations.
Unilever (
UN: chart) said that net profit declined to 784 million euro ($956.1 million) versus 1.07 billion euro in comparable period a year earlier. Total sales rose 1.4% to 10.22 billion euro from 10.08 billion euro last year.
A 353 million euro write-down on Slim-Fast hit operating profit as popularity of meal substitutes tends to decline. Underlying sales growth was 3.3%.
Operating margin was 12.4%. This included a reduction of 3.4 percentage points from a 353 million euro write-down of the carrying value of Slim-Fast, after the periodic review of goodwill and intangible assets at the end of June. The additional impairment charge is due to a further drop in the market size of the meal replacement category and consequently a cut sales forecast for Slim-Fast.
Gillette Co. (
G: chart), the shaving supplies powerhouse that is being acquired by
Procter & Gamble Co., announced Thursday that 2Q earnings rose 17% due to increasing demand for new products and cost cuts.
Income jumped to $498 million, or 49 cents per share, in the quarter ended June 30 versus $426 million, or 42 cents per share, last year.
Revenue advanced 13% to $2.77 billion versus $2.44 billion, with sales of blades and razors soaring 11% to $1.21 billion. Sales at the company's Duracell battery business climbed 18% to $539 million.
Analysts expected lower earnings of 46 cents per share on sales of $2.7 billion.
Harrah's Entertainment Inc. (
HET: chart), which recently completed its $9 billion buyout of rival
Caesar's Entertainment Inc., announced Thursday that its 2Q profit increased 17% as gambling climbed across the company’s chain of casinos.
Net income climbed to $105.8 million, or 84 cents per share, vs. $90.2 million, or 79 cents per share, last year. Adjusted earnings climbed to 90 cents versus 79 cents last year.