10:45 AM New York – Campbell Soup third quarter net slipped 5.3% to $177 million. Krispy Kreme first quarter declined 34%. Lowe’s third quarter net soared 14.3% to $527 million. Tech Data first quarter net rose 6.1% to $51.7 million. Tidewater fourth quarter net surged 180% to $33.6 million.

Earnings Review

BlackRock, Inc. (BLK), the investment company said Barclays Plc intends to sell its stake of full investment of $6.1 billion Barclays will sell its stake in an underwritten public secondary offering. BlackRock intends to repurchase $1 billion of common stock directly from Barclays.

Campbell Soup Company (CPB), the food products maker reported third quarter revenue nearly flat to $1.82 billion compared to $1.81 billion in the same period last year. Net earnings in the quarter slipped 5.3% to $177 million or 55 cents per diluted share compared to $187 million or 57 cents per share a year ago.

Campbell expects fiscal 2012 net sales growth to be between 0% and 2% and adjusted earnings will be in the range of $2.35 to $2.42.

Krispy Kreme Doughnuts, Inc. (KKD), the sweets retailer reported first quarter revenue rose 3.7% to $108.5 million compared to $104.6 million in the same period last year. Company same store sales grew 2.1%%. Net income in the quarter declined 34% to $6.0 million or 8 cents per diluted share compared to $9.2 million or 13 cents per share a year ago earlier.

Lowe’s Companies, Inc (LOW), the home improvement retailer reported third quarter sales increased 7.9% to $13.2 billion compared to $12.2 billion in the same period last year. Net earnings in the quarter soared 14.3% to $527 million or 43 cents per diluted share compared to $461 million or 34 cents per share a year ago.

For the year total sales are expected to increase 1% to 2% and comparable store sales to increase 1% to 3%. Diluted earnings for the fiscal year 2013 expected per share of $1.73 to $1.83.

Mobile TeleSystems OJSC (MTB), the Russia based telecommunication service provider reported first quarter revenues grew 2.7% to $3.01 billion compared to $2.93 billion in the same period last year. Net income in the quarter surged 59.1% to $511.7 million or 26 cents per diluted share compared to $321.6 million or 17 cents per share a year ago.

Tech Data Corporation (TECD), the computer hardware and software wholesaler reported first quarter net sales decreased 7% to $5.90 billion compared to $6.33 billion in the same period last year. Net income in the quarter rose 6.1% to $51.7 million or $1.24 per diluted share compared to $48.7 million or $1.03 per share a year ago period.

For the second quarter of fiscal year 2013 the company expects sales relatively consistent on a sequential basis and anticipated decline in sales from a year ago.

Tidewater Inc. (TDW), the offshore energy service provider reported fourth quarter revenue increased 14% to $289.4 million compared to $254.0 million in the same period last year. Net earnings in the quarter surged 180% to $33.6 million or 66 cents per diluted share compared to $12.0 million or 23 cents per share a year ago quarter.

Sales for the full year rose 2% to $1.07 billion from $1.05 billion a year ago. Net income for the year plunged 17.2% to $87.4 million or $1.70 per diluted share from $105.6 million or $2.05 per share in the prior year.

Yahoo Inc. (YHOO), the online contents provider agreed to sell off about half of its stake in Alibaba Group Holding Ltd. in a deal worth $7.1 billion, consisting of US$6.3 billion in cash and $800 million in newly issued Alibaba preferred stock.