Hot Stocks to Watch in the U.S. and Canada
January 31 2017 - 9:48AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are Under Armour Inc. (UAA), Teva Pharmaceutical
Industries Ltd. (TEVA) and Sprint Corp. (S).
After 26 straight quarters of at least 20% revenue growth, Under
Armour reported that sales rose just 12% in the holiday quarter and
that revenue would rise much less than expected this year. Shares
sank 23% to $19.30 in premarket trading.
A U.S. federal court ruled against Teva in a patent dispute over
its blockbuster multiple-sclerosis drug Copaxone. Teva plans to
appeal. Copaxone, an injection for multiple sclerosis, is Teva's
most profitable and top-selling product. Shares declined 8.1% to
$31.73 premarket.
Sprint narrowed its loss in its third fiscal quarter as the
wireless carrier continued to grow its customer base, and it now
expects to finish the year at the high end of its guidance. Shares
rose 2.6% to $9.35 premarket.
MasterCard Inc.'s (MA) profit rose in the latest period on a
jump in transactions amid its plan to compete in the digital
payments space, but revenue growth slowed in the last three months
of the year. Shares dropped 2.5% to $106.61 premarket.
Coach Inc. (COH) said earnings and revenue rose in the most
recent quarter as the retailer pulled back from its struggling
North American wholesale business. Shares increased 1% to $36.35
premarket.
United Parcel Service Inc. (UPS) said its fourth-quarter sales
rose, driven by an uptick in e-commerce deliveries over the holiday
season, but lower margins in that business also hurt its bottom
line.
Pfizer Inc. (PFE) said revenue fell in the fourth quarter, and
the company gave an outlook for 2017 revenue below Wall Street's
expectations.
Harley-Davidson Inc.'s (HOG) retail motorcycle sales slipped 2%
worldwide in 2016, dragged down by declines in the U.S. and Latin
America.
Exxon Mobil Corp. (XOM) reported a 40% decline in profit in the
final quarter of the year, as the oil and gas giant booked a hefty
charge, though revenue ticked up for the first time after nine
straight quarterly declines.
Xerox Corp. (XRX) reported profit and revenue declines in its
legacy copier business during the fourth quarter, during which it
completed its split from the bulk of its services businesses.
Health insurer Aetna Inc. (AET) reported a 57% slide in net
income, hurt by restructuring costs, even as revenue rose in the
fourth quarter.
Valero Energy Corp. (VLO) posted quarterly results that beat
Wall Street expectations, as downtrodden energy markets show
glimmers of a turnaround.
AmerisourceBergen Corp. (ABC) unveiled an improved outlook for
the current fiscal year as it reported revenue climbed during its
fiscal first quarter, with pharmaceutical distribution revenue
rising 3.9%.
Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
January 31, 2017 09:33 ET (14:33 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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