9 Stocks Hitting Radars: Tyson Foods Jumps 5%, Estee Lauder Drops 6% and Clorox Reports $105 Million Profit
Tyson Foods Inc. (NYSE:TSN) jumped almost 5 percent in early trading on Friday. The company report a profit decline of 48 percent, but an increase of 9.4 percent in sales. Smithfield Foods Inc. (NYSE:SFD) also increased .58 percent.
Despite a 15 percent rise in earnings, shares of Estee Lauder (NYSE:EL) dropped more than 6 percent. “Our underlying business continues to grow behind increased advertising and merchandising, despite softness in certain countries and currency headwinds,” said Fabrizio Freda, president and chief executive.
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Shares of Walgreen Co. (NYSE:WAG) fell 1.7 percent after reporting a 4.6 percent decrease in same-store sales. The company said, “As we move past the impact from this year’s weak flu season, we anticipate an improvement in the coming months in the number of comparable prescriptions filled relative to January’s result.” CVS Caremark Corp. (NYSE:CVS) shares declined .38 percent.
The Clorox Co. (NYSE:CLX) gained 2.7 percent after announcing a fiscal second quarter profit of $105 million (79 cents per share), compared to $21 million (15 cents per share) the previous year.
Beam Inc. (NYSE:BEAM) shares climbed 1.8 percent higher this morning after reporting fourth-quarter increased to $94.1 million (59 cents), compared to $85.4 (55 cents per share) the prior year.
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Consumer bank stocks such as Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) received a boost as the unemployment rate declined from 8.5 percent to 8.3 percent. Today’s report includes revisions adding a total of 60,000 jobs to payrolls in November and December. The Labor Department also revised December’s gains to 203,000, from an initially reported 200,000.
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