Expedia’s Strong Quarter, New York Times Beats on Earnings, and 3 More Hot Stocks

Expedia, Inc. (NASDAQ:EXPE): Expedia shares are on a 16 percent tear after the travel site announced EPS of $1.43, beating by 7 cents, and revenue of $1.41 billion, also beating by $0.03 billion. Revenue growth saw 20 percent gains against 16 percent in the quarter previous. Gross bookings grew 15 percent (compared to 13 percent). Domestic and international bookings both saw substantial increases while hotel and flight revenue also made gains. The stellar report was rounded out by an upgrade to Buy from Bank of America/Merrill Lynch, which assigns a lofty $75 price target on Expedia’s stock.


New York Times Co. (NYSE:NYT): Shares are up as EPS of -$0.01 beat estimates by 2 cents, though revenue of $361.7 million fell $85.8 million shy. “We increased our revenue, decreased our costs and, as a result, significantly increased our operating profit compared with the same quarter last year,” said CEO Mark Thompson, though he adds, “We recognize that, despite these positive developments, we still have a great deal of work to do to transform our business model and to achieve our goal of long-term sustainable growth.” During the period, the Times sold its New England Media block, consisting of the Boston Globe and Worcester Telegraph. As a result, it recorded an impairment charge of $34.3 million to reflect assets held for sale.


ConocoPhillips (NYSE:COP): EPS of $1.47 beat estimates by 2 cents as earnings grew 38 percent for the quarter, led by gains from asset sales of the Clyden undeveloped oil sands leasehold in Canada and the Phoenix Park midstream asset in Trinidad and Tobago. Production from continuing operations lay flat for the period. ConocoPhillips also says it closed the sale of its stake in the Kashagan project in Kazakhstan for about $5.4 billion, and deals to sell its holdings in Algeria and Nigeria are expected to generate another $3.5 billion or so in proceeds.


MetLife, Inc. (NYSE:MET): MetLife has reported EPS oF $1.34, in line with expectations, though revenue of $16.9 billion missed by $330 million. Operating earnings from the Americas reached $1.3 billion, up 7 percent on revenue of $8.7 billion, up 4 percent. Operating earnings in Asia hit $257 million (down 1 percent on a reported basis, but gained 7 percent without currency fluctuations). Notably, MetLife will no longer provide forward guidance, according to CEO Steve Kandarian, on the earnings call. He points to “the dubious usefulness of the information and that most financial companies also provide no guidance,” Seeking Alpha says.


SunPower Corp. (NASDAQ:SPWR): Despite EPS of 44 cents that beat by an impressive 19 cents, and revenue of $657.1 million that beat by $67.72 million, shares of SunPower are nearly 8 percent lower as the company reports fourth-quarter outlook of $0.15-0.35 per share on revenue of $675-725 million, though the consensus is $0.28 per share on $723 million. North America drove the results as Japan and Europe also contributed solid performance.


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