Saturday, June 23, 2012

Stocks to Watch: Stocks to watch Friday: AIG, Sears, Deckers

CHICAGO (MarketWatch) � Shares of Salesforce.com Inc., Deckers Outdoor Corp., American International Group Inc. and Sears Holding Corp. could be among actively traded issues on Friday.

Salesforce.com CRM �was up 8.2% in after-hours trading after the online business-software developer said fourth-quarter adjusted earnings were 43 cents a share on revenue of $631.9 million. Analysts polled by FactSet Research were expecting earnings of 40 cents a share on revenue of $624 million.

Deckers Outdoor DECK �shares were down more than 10% after the footwear maker cautioned that 2012 earnings would be diminished by about $1.40 a share due to ongoing increases in sheepskin costs. �We continue to pursue all available opportunities to further mitigate the impact of cost pressures and based on our initial visibility, we expect to experience relief beginning in 2013,� the company stated. Deckers Outdoor, whose brands include Ugg Australia, reported fourth-quarter results that topped most Wall Street forecasts.

Insurance giant AIG AIG �gained 2.3% in evening trading as the company said fourth-quarter operating profit was 82 cents a share, above Wall Street�s consensus estimate of 63 cents a share.

Sears Holding Corp. SHLD �shares surged 19% on Thursday, making it the biggest gainer in the S&P 500, after the company reassured investors about its liquidity and financial position despite racking up a string of losses amid a sales decline. See full story.

Department store titan J.C. Penney Co. Inc. JCP �is expected to report a fourth-quarter profit of 68 cents a share on revenue of $5.5 billion.

Newmont Mining Corp. NEM �is expected to report a fourth-quarter profit of $1.27 a share on revenue of $2.74 billion.

Advertising behemoth Interpublic Group of Cos. IPG �is seen posting a profit of 39 cents a share in the fourth quarter, on revenue of $2.08 billion.

Electric utility Pepco Holdings Inc. POM �is expected to post a fourth-quarter profit of 18 cents a share on revenue of $1.75 billion.

Washington Post Co. WPO �is expected to report fourth-quarter earnings of $6.32 a share on revenue of $1.04 billion.

Endo Pharmaceuticals Holdings Inc. ENDP �is seen posting fourth-quarter earnings of $1.32 a share on sales of $803.4 million.

No comments:

Post a Comment