Cabela’s Giant Quarter, Cliffs’s Bearish Blessing and 3 More Hot Stocks
Cabela’s Inc. (NYSE:CAB): Shares of Cabela’s are rising in pre-market on Thursday morning, following a strong quarterly report indicating that the company beat estimates for both earnings and revenue. Earnings of $0.70 beat expectations by $0.11, while $802.5 million in revenue lifted the figure by over 28 percent year-over-year, as well as beat by $30.13 million. Soft goods and footwear joined firearms and ammunition to see significant growth, and comparable sales increased in all store locations.
Cliffs Natural Resources (NYSE:CLF): Following Wednesday’s positive earnings report, which saw the company beat earnings expectations comfortably but fall shy on its revenue estimates, was given a blessing by Nathan Littlewood of Credit Suisse, following a strong quarter that even had Littlewood impressed. The analyst has historically been hugely bearish on the company. NotableCalls predicts an upgrade within the next day or so.
Celgene Corp. (NASDAQ:CELG): First quarter earnings per share of $1.37 just narrowly beat expectations by $0.01, though revenue of $1.46 billion was just $0.01 billion shy of projections and represented a 15 percent increase year-over-year. SG&A expenses of $333 million rose 11 percent, and full year earnings guidance was raised to $5.55-$5.65 from $5.50-$5.60 per share.
JetBlue Airways (NASDAQ:JBLU): In a turn of events, JetBlue has broken the pattern and beat its revenue, while falling short on its earnings — numerous other companies reported the opposite. Earnings of $0.05 missed estimates of $0.10, but revenue of $1.3 billion beat by $0.01 billion. The results mark the 12th straight quarter of profitability for the airline, a commendable achievement given the challenging industry climate imposed on it.
Harley Davidson (NYSE:HOG): The motorcycle maker reported a strong quarter, with earnings of $0.99 beating by $0.02, and revenue of $1.57 billion beating by $0.11 billion. The company reaffirmed its full year guidance and plans to delivery 259,000-264,000 bikes during the 12 month period, having delivered 54,254 during the first quarter. The company is also reaching out to new buyers. “In 2012, nearly four in ten sales of new Harley-Davidson motorcycles in the U.S. were to customers who are new to the brand. Outside the U.S., two-thirds of sales were to customers new to the brand,” said CEO Keith Wandell.
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