Hot Stocks for Feb 14th: Zipcar, Michael Kors, Avon, MedAssets, Fossil (ZIP, KORS, AVP, MDAS, FOSL)
Zipcar Inc (NASDAQ:ZIP): Reports revenue $62.9M vs. consensus $63.09M. Q411 benefited from a gain on the sale of Zero Emission Vehicle, ZEV, credits of $2.5M compared to a gain of $1.2M on the sale of ZEV credits in the prior year period. Excluding the impact of ZEV credits, US GAAP net income for the 2011 fourth quarter would have been $1.4M. US GAAP net loss for the full year 2011 was $7.2M, or (24c) per share, compared to a loss of $14.1M, or ($2.74) per share, in 2010 during which the outstanding share count was substantially lower. Shares of Zipcar Inc are trading 15.06% lower today.
Michael Kors Holdings Ltd (NYSE:KORS): Sees FY12 revenue $1.27B-$1.28B vs. consensus $1.25B. Shares of Michael Kors Holdings Ltd are trading 19.61% higher today.
Avon Products, Inc. (NYSE:AVP): Says is “a time of tremendous change” for company. Comments made on the Q4 earnings conference call. Shares of Avon Products, Inc. are trading 3.14% higher today.
MedAssets, Inc. (NASDAQ:MDAS): According to contacts, DealReporter said MedAssets has hired JP Morgan to explore an LBO, citing sources. Shares of MedAssets, Inc. are trading 14.09% higher today.
Fossil, Inc. (NASDAQ:FOSL): Reports revenue $830.8M vs. consensus $841.12M. Shares of Fossil, Inc. are trading 2.92% higher today.
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