U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
02/14/2013| 06:38am US/Eastern
Among the companies with shares expected to actively trade in Thursday's session are Whole Foods Market Inc. (>> Whole Foods Market, Inc.), CenturyLink Inc. (>> CenturyLink, Inc.) and Angie's List Inc. (>> Angie's List Inc).
Whole Foods Market's fiscal first-quarter profit rose 24% as the supermarket chain's same-store sales continued to rise and margins grew. But shares dropped 6.2% after hours, to $90.85, as the company projected weaker sales and margins for the rest of 2013.
CenturyLink announced a shift in its capital allocation that slashes its dividend and brings pressure on its debt ratings because of a higher risk of default. Shares of CenturyLink, the third-largest landline provider in the U.S., tumbled 14% to $36.05 in late trading as firms that evaluate debt raised concerns that the company may spend more money on buybacks than it saves from cutting its dividend.
Angie's List swung to a surprise fourth-quarter profit as increases in the online review site's expenses moderated and revenue continued to climb. Shares rose 25% to $17.09 in after-hours trading as the company also projected first-quarter revenue above expectations.
Blucora Inc.'s (>> Blucora Inc) fourth-quarter profit fell 83% as higher input costs offset revenue growth and as the year-earlier period benefited from a tax benefit. However, shares rose 9.5% to $16.54 after hours as results beat the company's estimates.
Itron Inc. (>> Itron, Inc.) swung to a fourth-quarter profit absent restructuring charges, though revenue declined. Shares fell 10% after hours to $43.01 as the company's revenue beat expectations, but adjusted earnings fell short. Itron also gave a weak full-year forecast.
J2 Global Inc.'s (>> J2 Global Inc) fourth-quarter profit edged up 1.3% as the cloud-based services provider's revenue jumped, offset in part by growing expenses. Shares rose 9.6% to $34.90 after hours as results beat Street expectations, and the company gave an optimistic full-year view.
Mondelez International Inc. (>> Mondelez International Inc) reported its second straight disappointing earnings report since spinning off its North American grocery business as fourth-quarter sales rose less than the company had forecast because it lowered coffee prices in Europe to keep up with the competition. Shares slipped 3.6% to $26.76 after hours.
Nanosphere Inc.'s (>> Nanosphere, Inc.) fourth-quarter loss narrowed, as the medical diagnostic-test developer reported stronger revenue. It also unveiled several leadership changes, including a new chief executive. Shares sank 23% to $2.04 after hours Wednesday as the company's customer placements in the latest period missed its expectations and as it cut its first-quarter placement targets.
Pioneer Natural Resources Co. (>> Pioneer Natural Resources) swung to a fourth-quarter profit on higher revenue and lower impairment costs, although average prices of oil and natural gas declined. Shares slid 3.5% to $122.30 after hours as profit missed analysts' expectations and the company unveiled a stock offering.
Skechers USA Inc. (>> Skechers USA Inc) swung to a fourth-quarter profit as the company reported a broad jump in sales, with particular strength in women's shoes. Class A shares rose 11% in after-hours trading to $21.80 as the results soared above Street expectations.
ValueClick Inc.'s (>> ValueClick Inc) fourth-quarter earnings rose 23% as the Internet advertising company's revenue and margins strengthened. Shares rose 9.2% to $23.84 after hours as earnings topped the company's forecasts and as it issued first-quarter guidance mostly above analyst expectations.
Weight Watchers International Inc.'s (>> Weight Watchers International, Inc.) fourth-quarter earnings fell 8.9% amid higher costs as revenue growth in the weight-management services company's online business was partly offset by declines in its North American and international meetings businesses. Shares fell 15% to $46 in after-hours trading as the company projected 2013 well below expectations.
Zillow Inc.'s (Z) fourth-quarter earnings slipped 40% as the real-estate information provider logged an increase in expenses, masking revenue growth. Shares were up 7% to $41.70 after hours as results were better than expected.
Applied Materials Inc. (>> Applied Materials, Inc.), long whipsawed by the chip industry's business cycles, reported a 71% drop in first-quarter profit but pointed to signs of a rebound. The company said its orders in the fiscal quarter for such tools rose more 80% from the fourth period.
Armour Residential REIT Inc. (>> ARMOUR Residential REIT, Inc.) has commenced an offering of 65 million shares as the real-estate investment trust looks to raise funds to acquire additional agency securities and for general corporate purposes. The company had 309 million shares outstanding as of Feb 12.
Avis Budget Group Inc.'s (>> Avis Budget Group Inc.) fourth-quarter loss narrowed as the car-rental company reported higher volume in North America and markets abroad, though the company issued a mixed outlook for the new year.
Cisco Systems Inc.'s (>> Cisco Systems, Inc.) fiscal second-quarter earnings jumped 44% as one-time tax benefits helped offset continued drag from weaker sales in Europe. The company's management continued to warn that economic weakness and uncertainty surrounding government spending could hurt its future performance.
EOG Resources Inc. (>> EOG Resources, Inc.) swung to a fourth-quarter loss as the natural-gas-and-oil producer posted significantly higher impairment charges, offsetting stronger revenue.
Ingram Micro Inc.'s (>> Ingram Micro Inc.) fourth-quarter earnings fell 3.4% as the information-technology company recorded acquisition costs, masking record revenue.
Kinross Gold Corp.'s (KGC, K.T) fourth-quarter loss widened as the Toronto-based gold miner booked a heavy impairment charge, masking a jump in revenue.
Liberty Global Inc.'s (LBTYA, LBTYB) fourth-quarter loss narrowed as the international cable operator was helped by its expansion in Europe.
LyondellBasell Industries N.V. (>> LyondellBasell Industries NV) said shareholders that are affiliated with Apollo Management Holdings L.P. are offering 25 million shares. The plastics and chemicals company had about 575.3 million shares outstanding as of Feb. 8.
MetLife Inc.'s (>> Metlife Inc) fourth-quarter net income fell 87% to $127 million as the company recorded substantial losses tied to its derivative portfolio, but operating results exceeded the guidance the company gave to investors two months ago.
NetApp Inc.'s (>> NetApp Inc.) fiscal third-quarter earnings jumped 32% as the data-storage firm's smaller software and services segments made up for a slight decline in product sales.
Nielsen Holdings N.V. (>> Nielsen Hldg NV) said certain shareholders have launched an offering of 35 million shares. The information and measurement company had about 362.7 million shares outstanding as of Dec. 31.
Nvidia Corp.'s (>> NVIDIA Corporation) fiscal fourth-quarter profit jumped a bigger-than-expected 50% as the company reported stronger sales of chips for mobile devices.
Prudential Financial Inc. (>> Prudential Financial Inc) has promoted Robert Falzon to Executive Vice President and Chief Financial Officer, succeeding the retiring Rich Carbone, effective March 4.
Taubman Centers Inc.'s (>> Taubman Centers, Inc.) fourth-quarter earnings slipped 81% as an accounting gain from debt extinguishment boosted the luxury-mall owner's year-ago results, though rents and tenant occupancy continued to improve in the latest period.
Universal Forest Products Inc.'s (>> Universal Forest Products, Inc.) fourth-quarter loss widened as the wood-products and construction materials company recorded higher input costs, masking improved sales across its segments.
Write to Nathalie Tadena at email@example.com
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Stocks mentioned in the article : Whole Foods Market, Inc.
, NetApp Inc.
, NVIDIA Corporation
, Prudential Financial Inc
, Nanosphere, Inc.
, Nielsen Hldg NV
, Metlife Inc
, Weight Watchers International, Inc.
, ValueClick Inc
, Universal Forest Products, Inc.
, Taubman Centers, Inc.
, Skechers USA Inc
, Pioneer Natural Resources
, Mondelez International Inc
, LyondellBasell Industries NV
, Avis Budget Group Inc.
, Blucora Inc
, ARMOUR Residential REIT, Inc.
, Angie's List Inc
, J2 Global Inc
, Itron, Inc.
, Ingram Micro Inc.
, EOG Resources, Inc.
, CenturyLink, Inc.
, Cisco Systems, Inc.
, Applied Materials, Inc.