These 4 companies reported earnings after the bell on Wednesday. Will investors rotate out of these 4 stocks in the coming days?
1) The TJX Companies (NYSE:TJX): The discount clothing store reported a 15% fall in net income for the fourth quarter. Net income was $334.4 million (84 cents per share), compared to $394.9 million (94 cents per share) last year. The company announced that it will boost its dividend by 27%. Shares traded down .59% in after hour trading.
2) Toll Brothers (NYSE:TOL): The company surprised investors by posting a huge turn around for the most recent quarter. Net income for the quarter was $3.4 million (2 cents per share), compared to a loss of $40.8 million (25 cents per share) last year. Analysts were expecting a loss of about 8 cents per share for the quarter.
3) Priceline.com (NASDAQ:PCLN): Shares flew 4.67% higher in late trading as the company reported fourth quarter earnings. Revenues totaled $731 million, which is a 35% increase from last year’s same quarter. International operations also increased 68%.
4) Transocean (NYSE:RIG): Shares drilled 1% lower after the largest offshore driller reported a $799 million ($2.51 per share) loss for the fourth quarter. Revenue also fell by 21% to $2.16 billion. It’s important to note that the company took a $1 billion charge for a decrease in rates and rig use. The company also posted another $28 million worth of expenses related to the Deepwater Horizon rig explosion.
Disclosure: No positions
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