U.S. Hot Stocks: Hot Stocks to Watch
February 11 2016 - 9:42AM
Dow Jones News
Among the companies with shares expected to trade actively in
Thursday's session are TripAdvisor Inc. (TRIP), Teva
Pharmaceuticals Industries Ltd. (TEVA) and PepsiCo Inc. (PEP).
TripAdvisor Inc. on Thursday reported a core profit that beat
Wall Street expectations for the first time since 2013, as higher
display advertising and subscription sales drove a 7.3% increase in
revenue. Shares rose 8.56% to $59.00 in premarket trading.
Teva Pharmaceuticals Industries Ltd. reported a decline in
revenue as drug sales fell across its generic and specialty
segments. Shares fell 4.06% to $54.60 premarket.
PepsiCo Inc. reported a 31% increase in earnings, helped by cost
cuts, but provided a downbeat profit outlook for 2016. Shares fell
0.89% to $96.75 premarket.
Mosaic Co. (MOS) said Thursday its fourth-quarter earnings
fell--though less than Wall Street had expected--as lower costs
partially offset declines in its potash and phosphates businesses.
Shares fell 2.26% to $22.89 premarket.
Avon Products Inc. (AVP), in the process of remaking itself and
spinning off its flagging North American business, said its
fourth-quarter loss edged deeper as its revenue and adjusted bottom
line fell short of analysts' expectations. Shares fell 4.62% to
$3.10 premarket.
Incyte Corp. (INCY) swung to a fourth-quarter profit as sales of
the company's blood-cancer drug nearly doubled, but the company
scrapped a late-stage trial that would expand its use to treating
solid tumors. Shares fell 15.64% to $61.00 premarket.
KKR & Co. (KKR) swung to a fourth-quarter profit as
private-equity holdings rose in value, but a measure of core
earnings missed Wall Street's forecasts.
CenturyLink Inc. (CTL) issued earnings guidance for 2016 and the
first quarter that topped Wall Street estimates and the telephone
and Internet provider reported that its fourth-quarter earnings
rose sharply.
Cisco Systems Inc. (CSCO) on Wednesday posted a 31% jump in
quarterly profit, but showed signs that weakening economic
conditions have taken a toll on the businesses that the networking
equipment giant serves.
Equifax Inc. (EFX) on Wednesday offered a strong outlook for
2016 after reporting better-than-expected fourth-quarter
results.
Expedia Inc. (EXPE) swung to a fourth-quarter loss as the
company capped a year of deal making, including its $3.9 billion
merger with vacation rental site HomeAway.
Flowers Foods Inc. (FLO) on Wednesday reported downbeat earnings
guidance for the current fiscal year and posted
weaker-than-expected results for the latest quarter, which was
pressured by soft sales.
LifeLock Inc. (LOCK) on Wednesday projected results short of
analysts' expectations for the current quarter and year as the
provider of identity-theft protection services transitions to a new
chief executive and deals with the fallout from a recent settlement
with the U.S. government.
Mylan NV (MYL) said Wednesday that it has agreed to buy Swedish
pharmaceutical company Meda AB for $7.2 billion in cash and stock,
while the drug maker also reported slower-than-expected growth in
its fourth quarter.
O'Reilly Automotive Inc. (ORLY) on Wednesday posted
better-than-expected fourth-quarter results, boosted in part by
growth at its established stores.
Pilgrim's Pride Corp. (PPC) on Wednesday reported profit fell
sharply in the December quarter, as the chicken producer continues
to grapple with export restrictions tied to a bird-flu
outbreak.
Pioneer Natural Resources Co. (PXD) swung to a loss as
fourth-quarter revenue fell 36% amid sharply lower energy
prices.
Prudential Financial Inc. (PRU) on Wednesday reported a 12%
decline in operating earnings in its fourth quarter, hurt by higher
spending, though revenue declined less than Wall Street
expected.
Tesla Motors Inc. (TSLA), the maker of luxury electric cars,
said its fourth-quarter net loss nearly tripled to $320 million as
costs of launching its Model X sport-utility vehicle led to an 11th
consecutive quarter of red ink.
Twitter Inc. (TWTR) on Wednesday reported 230 million users
signed in the fourth-quarter, up 9% from the year-ago period but
flat from the previous quarter. The company is yet to post a
profit.
Whole Foods Market Inc.'s (WFM) profit declined in its latest
quarter as the natural-and-organic grocer continues to try to
reinvigorate sales and manage costs.
Zynga Inc. (ZNGA) on Wednesday reported fourth-quarter results
at the top end of its expectations, driven largely by strength in
its Slots and Words with Friends games, though the game developer
continues to bleed users.
Write to Maria Armental at maria.armental@wsj.com and Chris Wack
at chris.wack@wsj.com
(END) Dow Jones Newswires
February 11, 2016 09:27 ET (14:27 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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