Dick’s Solid Quarter, Oracle’s Mobile Purchase, and 3 More Hot Stocks
Dick’s Sporting Goods (NYSE:DKS): Shares of Dick’s are trading around flat, as it reports EPS of 40 cents, beating by a cent, and revenue of $1.4 billion, beating by $0.03 billion. Comparable store sales saw gains of about 3.3 percent in the U.S., as both the company’s Dick’s Sporting Goods and Golf Galaxy brands saw sales increase at roughly the same rate. Margins were a bit lower than anticipated, most because of “selective” pricing initiatives and some higher pre-opening costs.
Oracle Corp. (NYSE:ORCL): Oracle has purchased Bitzer Mobile, which “has developed a way to create secure enterprise lockers on smartphones that otherwise behave like ordinary consumer handsets.” The financial terms of the deal are undisclosed, though Bitzer had raised about $4.83 million in funding prior to the sale.
Home Depot, Inc. (NYSE:HD): Home Depot shares are up as the chain announces EPS of 95 cents, which beat expectations by 6 cents, and revenue of $19.5 billion, which also beat, by $0.33 billion. Further, Home Depot raised its full-year outlook, after seeing comparable store-sales rise 10 percent on a two-year comparison as demand across categories remained strong.
Campbell Soup Co. (NYSE:CPB): Shares are trading lower as Campbell’s reports EPS of 66 cents, missing by 20 cents, and revenue of $2.17 billion fell $0.12 billion short of expectations. Soup and beverages both saw declines, as earnings took a wallop due to marketing initiatives for new products, and a negative impact from the later timing of Thanksgiving this year.
Crocs, Inc. (NASDAQ:CROX): Goldman Sachs says that a leveraged buyout is under consideration at Crocs, and some number crunching will value the deal price around the $1.5 billion ballpark. Goldman currently rates the shares at Neutral, with a $13 price target. The analyst notes that there is still much to do before an LBO can be executed at the company.
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