(5:10 PM ET) SAN FRANCISCO (MarketWatch) -- Fertilizer maker CF Industries Holdings Inc. CF+0.71% reported late Monday a second-quarter profit of $606.3 million, or $9.31 a share, up from $487.4 million, or $6.75 a share, a year ago. The company said that lower natural gas costs as well as share repurchases during the quarter contributed to strong results. Revenue for the quarter slipped 3.7% to $1.74 billion due to falling phosphate product prices, according to CF Industries. Analysts polled by FactSet had predicted the company would earn $8.7 a share. Shares of the Deerfield, Ill.-based company have risen 40% this year so far.
Chesapeake Energy profit jumps on asset sales
(4:51 PM ET) SAN FRANCISCO (MarketWatch) -- Chesapeake Energy Corp. CHK-1.06%reported late Monday second-quarter profit rose 82% to $929 million, or $1.29 a share, from $510 milion, or 68 cents a share, a year ago. The results include a $584 million profit from the sale of the company's stake in Access Midstream Partners L.P. Adjusted to exclude one-time items, the company reported a profit of 6 cents a share. Analysts surveyed by FactSet, who cite adjusted earnings, had predicted the Oklahoma City, Okla.-based gas and oil producer would earn 8 cents a share. Revenue for the quarter ended June 30 rose to $3.39 billion from $3.32 billion, helped by a 25% rise in oil and gas output. The company said it expects to book about $7 billion in asset sales in the current quarter. Chesapeake shares rose as much as 4.7% in after-hours trade. The stock is down 38% over the past 12 months.
Caribou Coffee shares drop on lower forecast
(4:47 PM ET) SAN FRANCISCO (MarketWatch) -- Caribou Coffee CBOU-4.37% shares fell 5% to $10.40 in after-hours trade Monday after the coffee retailer cut its sales outlook for the second time since Feb. 22. Caribou largely blamed the lower forecast on fewer sales of its coffee sold on Green Mountain Coffee Roasters GMCR-0.79% K-Cup platform. Caribou now expects no sales growth in 2012. Earlier this year, the Minnesota-based coffee company had pegged growth of 10%. "The change in the company's outlook is primarly attributable to the expectations of lower sales related to its Green Mountain relationship, which is driven by continued channel shifting, the short-term impact of new price tiers in the category, as well as the loss of a significant account in the club business," Caribou said in a statement. Ahead of the report, Caribou shares were down 22% since Jan. 1.
Leap Wireless shares fall on disappointing results
(4:20 PM ET) SAN FRANCISCO (MarketWatch) -- Leap Wireless International Inc.LEAP+5.75% shares fell more than 13% in after-hours trading Monday after the provider of pre-paid mobile-phone service reported fiscal second-quarter results that fell short of Wall Street analysts' forecasts. Leap said it lost $41.6 million, or 54 cents a share, on revenue of $786.8 million, compared with a loss of $58.4 million, or 85 cents a share, on $760.5 million in sales in the same period a year ago. However, analysts surveyed by FactSet Research had forecast Leap to lose 50 cents a share on $836.8 million in revenue. In a statement, Leap's Chief Executive, Doug Hutcheson said the company's customer results "were softer than anticipated." Leap reported a net loss of 289,000 customers, to end the quarter with 5.9 million customers.
THQ sales fall, but beat Wall Street's forecast
(4:17 PM ET) SAN FRANCISCO (MarketWatch) -- THQ Inc. reported a sharp drop in sales for its first fiscal quarter on Monday afternoon, though the number came in higher than Wall Street's estimates for the videogame publisher. For the period ended June 30, THQ THQI-1.80% reported earnings of $15.4 million, or $2 per share, compared with a net loss of #38.4 million, or $5.63 per share, for the same period last year. Revenue was $133.7 million, down from $195.2 million in the same period last year. Adjusted to reflect deferred revenue from game sales, THQ said it would have lost $23.3 million, or $3.41 per share, on revenue of $38.5 million for the recent period. Analysts were expecting an adjusted loss of $3.97 per share on sales of $29 million, according to FactSet.
AES falls 3.8% on missed profit, dimmer view
(10:28 AM ET) NEW YORK (MarketWatch) -- AES Corp. AES-4.41% fell 3.8% to $11.78 a share on Monday after the power producer's adjusted second-quarter earnings of 18 cents a share fell short of the analyst estimate of 28 cents a share, according to data compiled by FactSet. The Arlington, Va., company cited lower operating income in Chile and Brazil. Looking ahead, AES said it expects its adjusted 2012 profit to come in at the low end of its range of $1.22 to $1.30 a share. AES cited unfavorable foreign exchange and commodity price movements since March 31, as well as a tariff reset at its Eletropaulo unit in Brazil, offset by operational improvements and cost-cutting.
BMO Capital downgrades Cheseapeake on risk worries
(8:13 AM ET) NEW YORK (MarketWatch) -- BMO Capital Markets analyst Dan McSpirit on Monday downgraded Chesapeake Energy Corp. CHK-1.06% to market perform from his earlier rating of outperform, with a target price of $25 a share. "These moves are prompted by what we see to be a story still chock-full of operating and financial risk, and one where the turnaround appeal is fading," McSpirit said in a note to clients. The move comes as Chesapeake readies its second-quarter results for release after the closing bell. Analysts expect Chesapeake to earn 8 cents a share, on average, according to a survey by FactSet Research.
Tyson profit falls, firm cautions on grain costs
(7:43 AM ET) NEW YORK (MarketWatch) -- Tyson Foods Inc. TSN-7.99% said on Monday that its third-quarter profit fell to $76 million, or 21 cents a share, from $196 million, or 51 cents a share a year ago. Revenue climbed during the quarter to $8.31 billion, from $8.25 billion. The firm said third-quarter 2012 results included pretax charge of $167 million, or 29 cents a share, from the early extinguishment of debt. Excluding the charge, the company earned 50 cents in the latest quarter. Analysts polled by FactSet Research had expected the company to earn 54 cents a share on revenue of 48.72 billion. The company cautioned that, "grain costs have been increasing significantly and rapidly, largely as a result of the on-going U.S. drought. While we ultimately expect to pass along rising input costs, these costs, coupled with continued soft demand, are likely to pressure earnings in 2013."
HCA Holdings profit up 71% as admissions climb
(7:28 AM ET) NEW YORK (MarketWatch) -- HCA Holdings Inc. HCA-3.95% said Monday its second-quarter profit climbed to $391 million, or 85 cents a share, from $229 million, or 43 cents a share, in the year-ago period. Last year's quarter included a one-time loss on retirement of debt of $75 million, or 8 cents a share. Revenue at the Nashville health care provider increased by 11.9% to $8.1 billion. Same-facility equivalent admissions increased 3.9%. Wall Street analysts expected HCA to earn 78 cents a share on revenue of $8.28 billion, according to a survey by FactSet Research. Looking ahead, HCA said it continues to expect adjusted 2012 earnings of $3.57 to $3.77 a share, compared to the analyst estimate of $3.58 a share.