Stocks in Focus:Kilroy Realty (KRC),Forest Oil (FST) ,VeriSign (VRSN), Principal Financial Group (PFG), Archer Daniels Midland (ADM) , Pfizer (PFE) , Sourcefire (FIRE) ,SM Energy (SM),Continental Airlines (CAL) , Hewlett-Packard (HPQ)

Kilroy Realty (KRC) reported second quarter funds from operations that fell to 41 cents per share compared to 79 cents per share last year despite revenue from continuing operations rising to $72.4 million from the year-ago’s $71.1 million. Analysts estimated earnings of 52 cents per share on revenues of $68.55 million.








 Forest Oil (FST) said its second quarter adjusted earnings declined to 42 cents per share from 52 cents per share last year. Revenues climbed to $208.10 million from $182.07 million last year. The consensus estimates called for earnings of 41 cents per share on revenues of $219.98 million.




VeriSign (VRSN) reported that its second quarter non-GAAP earnings rose to 24 cents per share from 16 cents per share last year. Revenues climbed to $168.68 million from $154.34 million in the year-ago period. Analysts estimated earnings of 24 cents per share on revenues of $166.52 million.




Principal Financial Group (PFG) reported second quarter operating earnings of 63 cents per share, lower than 69 cents per share last year and also trailing the consensus estimate of 66 cents per share. Total revenues climbed to $2.23 billion from $2.16 billion in the year-ago period. The Street estimated revenues of $2.38 billion.

Archer Daniels Midland (ADM) said its fourth quarter earnings rose to 69 cents per share from 9 cents per share last year. However, net sales fell to $15.70 billion from $16.53 billion last year. Analysts estimated earnings of 52 cents per share on revenues of $16.47 billion.



Pfizer (PFE) reported adjusted second quarter earnings of 62 cents per share compared to 48 cents per share last year. Revenues rose 58% to $17.3 billion. Analysts estimated earnings of 52 cents per share on revenues of $16.65 billion. The company raised its 2010 adjusted earnings per share guidance, expecting earnings at the high end of its earlier guidance range of $2.10-$2.20 per share, while the company estimated revenues of $67 billion to $69 billion. Analysts estimate earnings of $2.16 per share on revenues of $67.30 billion.


Other Corporate News


 Sourcefire (FIRE) could see buying interest after Standard & Poor’s said the company would replace ADPT Corp. (ADPT) in the S&P SmallCap 600 Index after the close of trading on Wednesday. ADPT is delisting from the Nasdaq global market as its shares no longer meet the listing standards.


SM Energy ((SM) is likely to see some activity after the company said in its operational update that it is upwardly revising its production outlook for the back half of 2010 to reflect the additional capital investment planned for the second half of 2010. The company now estimates a 5% increase in its full year production.





Continental Airlines (CAL) could be in focus after it said its consolidated passenger load factor rose 0.7 points year-over-year to 88%, as traffic rose 2.5% and capacity climbed 1.7%.



Hewlett-Packard (HPQ) may react to its announcement that it has reached a settlement agreement with the U.S. Department of Justice to resolve an investigation into the company’s GSA multiple award schedule contract as well as separate allegations about the Rille complaint filed in a U.S. district court in 2007. The company expects to record a charge of 2 cents related to the settlement in its full year results.