Earnings Forecast Alerts: Corning, Newfield Exploration, Netflix, Pfizer, Broadcom, and Altera

Oct 25, 2012, 09:05 ET from EarningForecast.com

VANCOUVER, Oct. 25, 2012 /PRNewswire/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Corning (NYSE: GLW), Newfield Exploration (NYSE: NFX), Netflix (NASDAQ: NFLX), Pfizer (NYSE: PFE), Broadcom (NASDAQ: BRCM), and Altera (NASDAQ: ALTR).

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Report Highlights:

Corning Incorporated (NYSE: GLW): For the third quarter of 2012, Corning Incorporated (NYSE: GLW) reported sales of US$2.04 billion, a decrease of 2% from sales of US$2.08 billion in the third quarter of 2011. Third-quarter 2012 net income declined 36% to US$521 million, from net income of US$811 million a year ago. Earnings per share were US$0.35 for the third quarter, down 31% from US$0.51 in the same quarter last year. Shares of Corning gapped open sharply lower in the last trading session and ended at US$12.15 by slumping 9.40%. The stock has a 52-week low of US$10.62 and a 52-week high of US$15.75. Its price, as of the latest close, was up 14% compared with the 52-week low and was 30% below the 52-week high. There were 45.33 million stock shares traded, which was 3.3 times more than average volume. Can GLW rebound from here? Want to monitor this company on an on-going basis? Investors could check Corning earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/102512B/GLW/Corning.pdf

Newfield Exploration Co. (NYSE: NFX): For the third quarter ended September 30, 2012, Newfield Exploration Co. (NYSE: NFX) reported revenues of US$615 million, compared with revenues of US$628 million in the third quarter of 2011. For the quarter, net loss was US$33 million (or US$0.24 per diluted share), compared with net income of US$269 million (or US$1.99 per diluted share), in the prior-year quarter. Following the announcement, shares of Newfield Exploration crossed below the 50-day moving average and tumbled 17.59% to US$27.46. In the past year, the stock has traded within a range of US$25.01US$47.40. Abnormal trading volume of Newfield Exploration was found reaching 21.43 million shares, 10 times heavier than usual day trading. Investors may want to find out where NFX will go from here. Observing comprehensive Newfield Exploration earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/102512B/NFX/NewfieldExploration.pdf

Netflix, Inc. (NASDAQ: NFLX): For the third quarter of 2012, Netflix, Inc. (NASDAQ: NFLX) reported sales of US$905.1 million, up 10% from sales of US$821.8 million in the third quarter of 2011. Net income for the quarter fell 88% to US$7.68 million (or US$0.13 per share), from net income of US$62.5 million (or US$1.16 per share), in the prior-year quarter. At the close of the trading day, shares of Netflix plunged US$8.10 per share (equivalent to -11.88%), where stock prices fell to US$60.12. NFLX crossed below the 50-day moving average in the last trading session. In the past 52 weeks, Netflix share prices have been bracketed by a low of US$52.81 and a high of US$133.43, and are now at US$60.12 (14% above that low price). There were 14.29 million shares of Netflix exchanging hands as compared to its average daily volume of 5.52 million shares. The online video service provider has a market capitalization of US$3.34 billion. Observing comprehensive analysis of Netflix could help investors avoid big lost in investment. Check Netflix earnings forecast report below.

Read Full Report: http://www.earningforecast.com/PR/102512B/NFLX/Netflix.pdf

Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:

Pfizer Inc. (NYSE: PFE):

Read Full Report: http://www.earningforecast.com/PR/102512B/PFE/Pfizer.pdf

Broadcom Corporation (NASDAQ: BRCM):

Read Full Report: http://www.earningforecast.com/PR/102512B/BRCM/Broadcom.pdf

Altera Corporation (NASDAQ: ALTR):

Read Full Report: http://www.earningforecast.com/PR/102512B/ALTR/Altera.pdf

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