Updating Newell Rubbermaid, Buckeye Partners and Frontier Communications

Article Excerpt

NEWELL RUBBERMAID INC. $18 (www.newellrubbermaid.com) saw its sales fall 1.9% in the second quarter of 2012, to $1.52 billion from $1.55 billion a year earlier. If you exclude unusual items, such as the negative impact of currency exchange rates, sales would have risen 2.3%. The gain was mainly due to strong demand for baby strollers and construction tools. Earnings per share rose 4.4%, to $0.47 from $0.45. Best Buy. BUCKEYE PARTNERS L.P. $50 (www.buckeye.com) earned $54.4 million, or $0.55 a unit, in the three months ended June 30, 2012. That’s down 40.9% from $92.0 million, or $1.00 a unit, a year earlier. However, the year-earlier figure included a $34.1-million gain on the sale of its investment in a Texas-based pipeline company. Revenue fell 8.8%, to $982.6 million from $1.1 billion, mainly because of lower prices for fuels its sells, like gasoline. Hold. FRONTIER COMMUNICATIONS CORP. $4.62 (www.frontier.com) is selling more high-speed Internet and TV services. However, demand for traditional phone service continues…