Earnings Roundup: 9 Super Hot Stocks to Analyze After Earnings

CIENA Corporation’s (NASDAQ:CIEN) fourth quarter loss narrowed, beating estimates.  Loss narrowed to $22.3 million (loss of 23 cents per diluted share) from $80.3 million (loss of 85 cents per share) in the same quarter a year earlier. Revenue rose 9.1% to $455.5 million from the year earlier quarter. CIEN reported adjusted net income of 3 cents per share. By that measure, the company beat the mean analyst estimate of a loss of 5 cents per share. Analysts were expecting revenue of $450.3 million.

“We continue to deliver on the growth and operating efficiency milestones we laid out early last year, and remain focused on delivering operating leverage from the business. Our strong fourth quarter financial performance included positive cash flow and a second consecutive quarter of as-adjusted operating profit,” said Gary Smith, president and CEO of Ciena. “While macroeconomic uncertainty remains, we are taking market share because customers recognize our differentiation and the strong alignment of our portfolio with their network architecture priorities.”

Competitors to Watch: Tellabs, Inc. (NASDAQ:TLAB), Alcatel-Lucent (NYSE:ALU), Cisco Systems, Inc. (NASDAQ:CSCO), ADTRAN, Inc. (NASDAQ:ADTN), Sycamore Networks, Inc. (NASDAQ:SCMR), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Orckit Communications Ltd (NASDAQ:ORCT), Juniper Networks, Inc. (NYSE:JNPR), Infinera Corp. (NASDAQ:INFN), and JDS Uniphase Corporation (NASDAQ:JDSU).

Comtech Telecommunications Corp. (NASDAQ:CMTL) posted a decrease in profit as revenue declined. Net income for Comtech Telecommunications Corp. fell to $12.6 million (47 cents per share) vs. $25.7 million (79 cents per share) a year earlier. This is a decline of 50.9% from the year earlier quarter. Revenue fell 36.3% to $113.4 million from the year earlier quarter. CMTL reported adjusted net income of 41 cents per share. By that measure, the company beat the mean estimate of 30 cents per share. It beat the average revenue estimate of $93.5 million.

Fred Kornberg, President and Chief Executive Officer, stated, “Despite extraordinarily volatile market conditions, we believe that our market leadership positions are firmly intact. During the first quarter, our business, excluding revenues related to the MTS and BFT-1 programs, achieved revenue growth of approximately 6.4% as compared to the first quarter of last year and we are extremely pleased with this achievement.”

Competitors to Watch: ViaSat, Inc. (NASDAQ:VSAT), Globecomm Systems, Inc. (NASDAQ:GCOM), EMS Technologies, Inc. (NASDAQ:ELMG), Harris Corporation (NYSE:HRS), General Dynamics Corp. (NYSE:GD), CalAmp Corp. (NASDAQ:CAMP), PHAZAR CORP. (NASDAQ:ANTP), Motorola Solutions Inc (NYSE:MSI), KVH Industries, Inc. (NASDAQ:KVHI), and Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC).

Costco Wholesale Corporation (NASDAQ:COST) reported its results for the first quarter.  Net income for the discount store rose to $320 million (73 cents per share) vs. $312 million (71 cents per share) in the same quarter a year earlier. This marks a rise of 2.6% from the year earlier quarter. Revenue  rose 13% to $21.18 billion from the year earlier quarter. COST fell short of the mean analyst estimate of 79 cents per share. Analysts were expecting revenue of $21.25 billion.

Competitors to Watch: Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Dollar General Corp. (NYSE:DG), BJ’s Wholesale Club, Inc. (NYSE:BJ), Family Dollar Stores, Inc. (NYSE:FDO), Gordmans Stores, Inc. (NASDAQ:GMAN), Dollar Tree, Inc. (NASDAQ:DLTR), Amazon.com, Inc. (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Best Buy (NYSE:BBY), Bed, Bath & Beyond (NASDAQ:BBBY), Apple Inc (NASDAQ:AAPL) and Fred’s, Inc. (NASDAQ:FRED).

Smithfield Foods Inc. (NYSE:SFD) reported its results for the second quarter. Net income for Smithfield Foods Inc. fell to $120.7 million (74 cents per share) vs. $143.7 million (86 cents per share) a year earlier. This is a decline of 16% from the year earlier quarter. Revenue rose 10% to $3.3 billion from the year earlier quarter. SFD reported adjusted net income of 76 cents per share. By that measure, the company beat the mean estimate of 69 cents per share. It beat the average revenue estimate of $3.21 billion.

“Our business is thriving and we are proud to deliver yet another quarter of quality and consistent earnings to our shareholders led by strong results in our Pork segment,” said C. Larry Pope, president and chief executive officer.”Importantly, we were able to grow the top line in our packaged meats business in the second quarter — while exhibiting strong pricing discipline to maintain margins in the normalized range — by leveraging our closely coordinated sales and marketing platform to expand share and distribution. Our Farmland, Smithfield, Armour and Curly’s brands all achieved double-digit retail sales and volume growth in the quarter.”

Competitors to Watch: Hormel Foods Corporation (NYSE:HRL), Tyson Foods, Inc. (NYSE:TSN), ZHONGPIN INC. (NASDAQ:HOGS), Pilgrim’s Pride Corp. (NYSE:PPC), Seaboard Corporation (AMEX:SEB), ConAgra (NYSE:CAG) and Monsanto (NYSE:MON).

Toll Brothers Inc.’s (NYSE:TOL) net income fell in the fourth quarter from a year earlier, profit exceeded analysts’ expectations.  Net income for Toll Brothers Inc. fell to $15 million (9 cents per share) vs. $50.5 million (30 cents per share) a year earlier. This is a decline of 70% from the year earlier quarter. Revenue rose 6% to $427.8 million from the year earlier quarter. TOL beat the mean analyst estimate of 5 cents per share. Analysts were expecting revenue of $424 million.

Douglas C. Yearley, Jr., Toll Brothers’ chief executive officer, stated: “Against a backdrop of U.S. government gridlock and persistently high unemployment rates at home, political and economic crises around the globe, and dramatic volatility in the capital markets, we produced our second consecutive quarter of pre-tax profitability and our sixth consecutive quarter of pre-tax, pre-impairment profitability. Our pre-impairment home building gross margin improved nearly 250 basis points in FY 2011 compared to FY 2010. Although U.S. housing starts remain down 60 percent from historical norms, we produced solid improvement in most key metrics in FY 2011.”

Competitors to Watch: PulteGroup, Inc. (NYSE:PHM), M.D.C. Holdings, Inc. (NYSE:MDC), D.R. Horton, Inc. (NYSE:DHI), KB Home (NYSE:KBH), Lennar Corporation (NYSE:LEN), Comstock Homebuilding Companies, Inc. (NASDAQ:CHCI), Orleans Homebuilders (OHBIQ), Meritage Homes Corporation (NYSE:MTH), The Ryland Group, Inc. (NYSE:RYL), and Standard Pacific Corp. (NYSE:SPF).

SAIC Inc. (NYSE:SAI) reported its results for the third quarter. Reported a loss of $89 million (27 cents per diluted share) in the quarter. The technical services company had net income of $172 million or 46 cents per share in the year earlier quarter. Revenue was flat at $2.8 billion from the year earlier quarter. SAI reported adjusted net income of 35 cents per share. By that measure, the company beat the mean estimate of 34 cents per share. It beat the average revenue estimate of $2.75 billion.

“Our actions taken in the third quarter in connection with the CityTime situation, including taking the loss provision, were significant and appropriate. During this time, our employees have consistently remained focused on continuing to deliver operational excellence and new capabilities for our customers. Strong new business bookings, generation of cash flow, and other positive milestones this quarter reflect this focus and teamwork,” said Walt Havenstein, SAIC chief executive officer.

Competitors to Watch: OSI Systems, Inc. (NASDAQ:OSIS), General Dynamics Corp. (NYSE:GD), L-3 Communications Hldgs., Inc. (NYSE:LLL), Intl. Business Machines Corp. (NYSE:IBM), American Science & Engineering, Inc. (NASDAQ:ASEI), Northrop Grumman Corp. (NYSE:NOC), Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS), Lockheed Martin Corp. (NYSE:LMT), Computer Sciences Corp. (NYSE:CSC), and Booz Allen Hamilton Holding Corp. (NYSE:BAH).

AutoZone Inc (NYSE:AZO) reported net income above Wall Street’s expectations for the first quarter. Net income for the auto parts store rose to $191.1 million ($4.68 per share) vs. $172.1 million ($3.77 per share) in the same quarter a year earlier. This marks a rise of 11.1% from the year earlier quarter. Revenue rose 7.4% to $1.92 billion from the year earlier quarter. AZO beat the mean analyst estimate of $4.45 per share. Analysts were expecting revenue of $1.89 billion.

After three years of impressive financial performance, we are pleased to begin fiscal 2012 with strong quarterly results. This past quarter marked our twelfth consecutive quarter of 20% growth in earnings per share and our twenty-first consecutive quarter of double digit growth.Our 4.6% same store sales and 22.6% growth in Commercial sales are both testaments to our organization’s efforts to continually improve and further validation of our strategies.We continue to execute on our ’1Team Driving our Future’ operating theme for 2012.Our financial success continues to be the direct result of the tremendous contributions of our more than 65,000 dedicated AutoZoners, and I am convinced it is their dedication to helping our customers that differentiates us from our competition and drives our successes.”

Competitors to Watch: Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY), The Pep Boys – Manny, Moe & Jack (NYSE:PBY), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Montor Co. Ltd. (NYSE:HMC), Ford Motor Company (NYSE:F), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM), and Navistar Intl. Corp. (NYSE:NAV).

Dollar General Corporation (NYSE:DG) reported its results for the third quarter. Net income for Dollar General Corporation rose to $171 million (50 cents per share) vs. $128.1 million (37 cents per share) in the same quarter a year earlier. This marks a rise of 34% from the year earlier quarter. Revenue rose 11.5% to $3.6 billion from the year earlier quarter. DG beat the mean analyst estimate of 48 cents per share. Analysts were expecting revenue of $3.57 billion.

“Dollar General delivered another great quarter, and we expect to continue to build upon our strong track record of delivering excellent results for our shareholders,” said Rick Dreiling, chairman and chief executive officer. “Our same-store sales increased 6.3 percent in the third quarter, representing our third consecutive quarter of accelerating same-store sales growth and demonstrating our ability to balance the challenges of pricing and rising input costs.”

Competitors to Watch: Family Dollar Stores, Inc. (NYSE:FDO), 99 Cents Only Stores (NYSE:NDN), Dollar Tree, Inc. (NASDAQ:DLTR), Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT), Costco Wholesale Corp. (NASDAQ:COST), Big Lots, Inc. (NYSE:BIG), Fred’s, Inc. (NASDAQ:FRED), Gordmans Stores, Inc. (NASDAQ:GMAN), and Amazing Savings, Inc (ODDJ).

Pep Boys Manny Moe & Jack (NYSE:PBY) reported its results for the third quarter. Net income for Pep Boys Manny Moe & Jack rose to $7 million (13 cents per share) vs. $5.7 million (11 cents per share) in the same quarter a year earlier. This marks a rise of 22.6% from the year earlier quarter. Revenue rose 5.2% to $522.2 million from the year earlier quarter. PBY fell in line with the mean analyst estimate of 13 cents per share. Analysts were expecting revenue of $523.2 million.

“Our service business started to rebound during the third quarter,” commented President & CEO Mike Odell. “Our ‘surround sound’ marketing effort coupled with lower gas prices and pent-up demand drove strong tire sales in the last month of the quarter, which have continued into the fourth quarter. While our retail business remained soft in a challenging environment for consumers, our service business results and margin enhancement initiatives resulted in our 11th quarter of improved profitability, on a year-over-year basis.”

Competitors to Watch: Advance Auto Parts, Inc. (NYSE:AAP), O’Reilly Automotive, Inc. (NASDAQ:ORLY), AutoZone (NYSE:AZO), U.S. Auto Parts Network, Inc. (NASDAQ:PRTS), General Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor CO., Ltd. (NYSE:HMC), Ford Motor Company (NYSE:F), CarMax (NYSE:KMX), Tesla Motors Inc (NASDAQ:TSLA), Tata Motors Limited (NYSE:TTM) and Navistar Intl. Corp. (NYSE:NAV).

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