Will Earnings Prove Positive for These 3 Stocks?
1) Philips-Van Heusen (NYSE:PVH): Shares are up nearly 2% after the company released fourth quarter earnings after the bell. The company beat estimates by 11 cents with EPS of 93 cents. Revenue for the Q4 was $1.4 billion, an increase from last year’s $614.6 million in the same period. The company markets and designs clothing products such as Calvin Klein, Tommy Hilfiger, and Donald Trump.
2) Cal-Maine Foods (NASDAQ:CALM): The company produces, cleans, packages, and sells fresh shell eggs across the US. The company also engages in cage free and organic eggs, which sell at a higher price. Monday, the company released fiscal third quarter earnings. Although net income slipped 3% on higher feed costs, the company beat estimates on increased organic egg sales. CALM earned $33.6 million ($1.40 per share), compared to estimates of $1.22 per share. Shares closed up 7.73%.
3) Progress Software (NASDAQ:PRGS): Shares are down 1.54% as the company reports fiscal Q1 results. The company earned $20.5 million (29 cents per share), compared to a $1 million (2 cents per share) loss in last year’s quarter. Looking forward, the company expects to earn 41-43 cents per share next quarter. Analysts were expecting earnings of 44 cents per share. PRGS is involved in developing, marketing, and distributing application infrastructure software for businesses.
In addition to looking at individual stocks, you should also take a look at whether the Commodities Bull Market is Signaling A Pause?
Disclosure: No positions