J.C. Penney Unveils New Look and 3 Morning Hot Stocks to Track
Business information services provider IHS Inc. (NYSE:IHS) reports third quarter EPS of $ 0.99, which is off expectations by $ 0.02. Though revenues are up 13.9 percent year on year, at $ 386 million they miss by $ 20 million.
J.C. Penney (NYSE:JCP)’ s new look stores were unveiled yesterday in Dallas and included a Caribou Coffee (NASDAQ:CBOU) shop. If the latter is chosen to install coffee bars across JCPenney’s entire network of stores, that should see a substantial improvement in its business prospects.
EPS of $ 0.44 is reported at ConAgra Foods’ (NYSE:CAG) first quarter, and is ahead of expectations by $ 0.09. Revenues are up 6.7% on an annual basis at $ 3.31 billion and surpass by $ 70 million. Net profit vaults to $ 250.1 million compared to $ 93.8 million in the year ago period, driven by better marketing, continuing strength in its potato related businesses and the effect of acquisitions. The company boosts its guidance for the full-year EPS to $ 2.03-$ 2.06 from the earlier $ 1.95-$ 1.99 forecast.
A report in CNBC, citing sources, says up to 30 percent of jobs could be cut at Nomura’s (NYSE:NMR) European investment banking unit, as the Company moves to chop costs by $ 1 billion.
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