Thursday Morning Big Board Potential: Procter
Post# of 98055
Thursday Morning Big Board Potential:
Procter & Gamble [ PG 70.57 2.49 ( +3.66% ) ] - The consumer products company earned $1.06 per share , excluding certain items, 10 cents above estimates, as it cut costs and narrowed its market focus. Earnings excluding items were in line with expectations.
Aetna [ AET 44.36 0.41 ( +0.93% ) ] - The insurance company reported third-quarter profit of $1.55 per share, 21 cents above estimates. Aetna benefited from better-than-expected revenue gains, which outweighed costs associated with paying down debt and with its purchase of Coventry Health Care.
PulteGroup [ PHM 16.825 -0.625 ( -3.58% ) ] - The homebuilder earned $0.27 per share, excluding certain items, for its latest quarter, seven cents above estimates. It also saw adjusted gross margins increase by 3.2 percent to 21.6 percent, and new orders rise by 27 percent compared to a year earlier.
Microsoft [ MSFT 28.03 0.1281 ( +0.46% ) ] - The software giant will officially unveil its Windows 8 operating system today. CEO Steve Ballmer will appear on this morning’s “Squawk Box” prior to the New York event.
Best Buy [ BBY 15.31 -1.61 ( -9.52% ) ] - The electronics retailer said both earnings and same-store sales would fall for its third quarter. U.S. unit executives Mike Vitelli and Tim Sheehan are leaving, as the company revamps its management structure.
Apple [ AAPL 616.12 -0.71 ( -0.12% ) ] - Apple has won a favorable ruling from an International Trade Commission (ITC) judge, who says Samsung infringed four Apple patents in its smartphones and tablets. The full ITC will decide whether to back the judge’s decision, with a final ruling expected in February
Visa [ V 137.55 1.06 ( +0.78% ) ] - The credit card issuer has raised its quarterly dividend by 50 percent to $0.33 per share from the prior $0.22. The dividend is payable on Dec. 4 to shareholders of record as of Nov. 16.
Wynn Resorts [ WYNN 119.73 7.44 ( +6.63% ) ] - The casino operator earned $1.48 per share for the third quarter, 14 cents above estimates, with revenue essentially in line with consensus. Las Vegas casino results improved, though Wynn did see a decline in revenue from Macau, which has been one of its fastest growing markets.
Crocs [ CROC 38.32 -0.365 ( -0.94% ) ] - The company reported third-quarter profit of $0.49 per share, six cents above estimates, though revenue fell short of forecasts. The shoe maker's results were helped by strength in both the U.S. and Asia.
Zynga - [ ZNGA 2.43 0.301 ( +14.14% ) ] The social games maker reported a breakeven third quarter , excluding certain items, in line with analyst estimates. Revenue came in above consensus, and Zynga has also announced a stock buyback, and an online gambling partnership in Britain.
Raymond James [ RJF 37.24 0.36 ( +0.98% ) ] - The investment firm reported fiscal fourth-quarter profit of $0.69 per share, six cents above estimates. The beat came despite a decline in the firm's private clients business and as it continued to integrate the acquisition of Morgan Keegan.
Akamai Technologies [ AKAM 38.98 2.87 ( +7.95% ) ] - Akamai reported third-quarter profit of $0.43 per share, two cents above estimates, as the Internet technology company saw double-digit revenue growth and an increase in profit margins.
Cheesecake Factory [ CAKE 33.62 0.86 ( +2.63% ) ] - The company reported third-quarter earnings of $0.49 per share, in line with estimates, with profits up 32 percent from a year earlier. The restaurant chain, however, did give a fourth-quarter outlook that falls below current Street estimates.
Symantec [ SYMC 18.86 1.48 ( +8.52% ) ] - Symantec earned $0.45 per share for its fiscal second quarter, eight cents above estimates. The security software maker saw higher sales in both its business and consumer segments, as well as a strong performance in the troubled European market.
Ryland [ RYL 33.57 0.78 ( +2.38% ) ] - Ryland earned $0.21 per share for the third quarter, two cents above estimates. The home builder saw better profit margins and an increase in new orders.
Unilever [ UL 37.36 1.25 ( +3.46% ) ] - The company saw a better-than-expected rise in sales for the third quarter, thanks to growth in developing markets. CEO Paul Polman says the consumer products maker still expects profit margins to increase this year.
Honeywell [ HON 61.91 0.89 ( +1.46% ) ] - The stock has been upgraded to "outperform" from "market perform" at Bernstein, saying Honeywell has grown into a top tier company that deserves premium valuation.
Dunkin' Brands [ DNKN 31.82 1.01 ( +3.28% ) ] - Dunkin' earned $0.37 per share for the third quarter, two cents above estimates, with systemwide sales growth of 4.7 percent.
International Paper [ IP 35.945 -0.435 ( -1.2% ) ] - The company earned $0.75 per share for its latest quarter, two cents shy of estimates, with revenues also below consensus.
PSS World Medical [ PSSI 28.67 7.07 ( +32.73% ) ] - The health-care services company is being bought by McKesson [ MCK 93.10 3.59 ( +4.01% ) ] for $29 per share in cash, compared to yesterday's close of $21.60.
—By CNBC’s Peter Schacknow
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