These 3 Stocks are Jumping Higher After Earnings
Although the Dow (NYSE:DIA) closed 17 points lower, a few stocks managed to climb higher after earnings.
These 3 companies reported earnings you should know:
1) Pier 1 Imports (NYSE:PIR): Bed Bath & Beyond (NASDAQ:BBBY) isn’t the only retailer benefiting from strategic defaults. Peir 1 reported Q4 earnings before Thursday’s opening bell. Q4 EPS of 48 cents beat estimates by 1 cent. Compared to last year in the same period, revenue increased 7.7% to $426.6 million. Sales for the total fiscal year increased 8.2%, and comp store sales increased 10.9%. Shares jumped 10.53% on the good news.
2) Constellation Brands (NYSE:STZ): The maker of Corona beer and Svedka vodka reported Q4 earnings early morning. EPS of 35 cents beat estimates by 8 cents. Revenue for the quarter increased slightly to $715 million. CEO Robert Sands said, ” The consumer is definitely back.” Investors seemed pleased with earning results as shares sobered up 6.92%. This (NYSE:BUD) is for you, but not investors, as shares of Anheuser-Bush Imbev closed 1% lower.
3) Pep Boys- Manny, Moe and Jack (NYSE:PBY): Americans love their cars, and investors are loving this automotive repair and maintenance stock after Q4 earnings. The company reported a net income of $8.4 million (16 cents per share), compared to only $2.3 million (4 cents per share) last year. Shares revved up 2.8% higher after earnings release. Competitors such as Advanced Auto Parts (NYSE:AAP) and AutoZone (NYSE:AZO) both stalled today, as shares in both closed slightly lower.
In addition to looking at individual stocks, Here’s 6 Small Caps With Tremendous Value.
Disclosure: No positions