Martin Marietta Materials (NYSE:MLM) posted a loss per diluted share of $0.07, compared with earnings per diluted share of $0.60 for the same quarter last year. Revenues were $327.8 million, compared with $413.5 million for the 2008 fourth quarter. Analysts were expecting better, and currently shares of Martin Marietta are down about 5.5%.
Hartford Financial Services (NYSE:HIG) reported fourth quarter 2009 net income of $557 million, compared to a loss of $806 million in the fourth quarter of 2008.
The company currently expects 2010 core earnings per diluted share to be between $3.70 and $4.00. However, they warned that the economy and market conditions remain uncertain and persistent stress in financial markets and recessionary global economic conditions increase the likelihood that the company’s 2010 earnings guidance will turn out to be incorrect.
Despite the announced profit, shares of Hartford are trading down, off by more than 5.75%.
GameStop (NYSE:GME) was downgraded this morning by Credit Suisse (NYSE:CS) from Outperform to Neutral, and lowered their target price to $25 per share.
Currently GameStop is down about 4.75%.
Electronic Arts (NASDAQ:ERTS) posted non-GAAP net revenue for the quarter of $1.346 billion, down 23 percent versus the prior year. Non-GAAP diluted EPS came in at $0.33 as compared with $0.56 for the prior year.
Additionally, the company provided an outlook for 2011 that was below analyst expectations.
Shares of Electronic Arts are down about 9.75%.
For MarketNewsVideo.com, I'm Sayoko Murase.
