Crocs Inc.
The Niwot-based maker of colorful resin shoes swung to a second-quarter profit on year-ago restructuring charges and a writedown, as well as better- than-expected global-revenue growth and improved margins.
Crocs posted a profit of $32.3 million, or 37 cents a share, compared with a year- earlier loss of $30.3 million, or 36 cents a share. Revenue increased 15 percent to $228 million.
Kraft Foods Inc.
The nation’s largest foodmaker said second-quarter net income grew 13.3 percent, although it sold less food in North America and trimmed its sales forecast in the face of rising competition.
The maker of Oreo cookies, Kraft cheese and other popular foods earned $937 million, or 53 cents a share, for the quarter ending June 30. That’s up from $827 million, or 56 cents a share, a year earlier.
Kraft, which bought British confectioner Cadbury in February for $19.5 billion, had more shares outstanding in this year’s second quarter. Its revenue rose 25.3 percent to $12.3 billion.
Cimarex Energy Co.
The Denver-based oil and gas producer’s second-quarter earnings more than tripled as commodity prices recovered from the year ago weak levels as well as higher production.
Cimarex reported a profit of $124.6 million, or $1.46 a share, up from $38.8 million, or 46 cents, a year earlier. Revenue soared 70 percent to $378.5 million.
DirecTV Inc.
The nation’s largest satellite-TV provider on Thursday said second- quarter profit rose by 33 percent as it attracted customers from its U.S. cable rivals and its Latin American operations took off, in part due to World Cup fever.
DirecTV reported net income of $543 million, or 42 cents a share, for the period ended June 30, up from $407 million, or 40 cents a share, a year earlier. Revenue rose 12 percent to $5.85 billion.
