Stock Of The Day – Nordson
Feb 23, 2010 Stock Market, Stock to watch, Stocks
With the broader markets in a funk – the Dow is down 0.91%, while the NASDAQ and the S&P 500 are down 1.26 and 1.147% respectively at 2:38 PM – shares of Nordson (NDSN), a manufacturer of systems that apply adhesives during the manufacturing process, are up $5.32 or 8.95% to $64.75.
The company after the bell yesterday, reported what it termed “Excellent Fiscal Year 2010 First Quarter Results.”
For the period, which ended January 31, Nordson reported an 18% rise in revenue to $221 million. Operating profit was $36 million, compared to the $13 million realized in the first quarter period a year ago and earnings came in at $26.7 million or $0.78 per share, compared to $11.2 million and $0.33 per share in the year ago period.
Analysts had been looking for the company to earn $0.58 per share, on $212 million in revenue.
The company also announced that for the fiscal 2010 second quarter period, “sales are expected to increase in the range of 26 to 30 percent compared to the second quarter a year ago. Diluted earnings per share are expected to be in the range of $0.81 to $0.89, inclusive of a $0.01 charge related to restructuring activities.”
Nordson shares are trading roughly 571,000 shares, compared to average daily volume of 187,000 over the past three months.
Tags: hot stock, nordson, Stock to watch
Stocks To Watch – 02/19/2010
Feb 19, 2010 Earnings, Stock Market, Stocks
Apollo Group (APOL)
College Operator Apollo Group, better known for its University of Phoenix, is off $4.11 to $67.34, a loss of 6.34% after announcing that it is anticipating its earnings for its second quarter period ending February 28, will come in between $0.77 and $0.82, with revenue coming in at $1.07 billion. This is below current consensus estimates of revenue of $1.09 billion and an EPS of $0.94.
First Solar (FSLR)
Solar panel maker First Solar is currently the worst performer among S”&P 500 stocks. The stock is off $8.98 or 7.11% to $117.31. First Solar reaffirmed its estimates for this year, announcing that it still expects revenue to come in between $2.7 to $2.9 billion, with EPS coming in at $6.05 to $6.85. Traders were disappointed that the company did not raise its guidance
Intuit (INTU)
Intuit, which makes software for personal and small business use, is up $2.60 to $32.92, a gain of 8.58%. The company reported yesterday, that its fiscal second quarter profits rose 34%. The company also reported selling 10.9 million units of its Turbo Tax software through February 13, which was a million units ahead of last year’s sales.
JC Penney (JCP)
The mall retailer is up $1.73 to $27.69, a 6.66% gain on the company’s latest earnings results. For its latest four quarter period, JCP reported earnings of $200 million, or $0.84 per share on revenue of $5.55 billion, a 3.6% decline over the comparable period a year ago. The earnings was down from $211 million or $0.95 in the same period a year ago.
Analysts had been forecasting revenue of $5.55 billion and an EPS of $0.82.
The company also raised current year guidance, announcing that it anticipates earnings of $1.55 per share, $0.10 better that the current consensus estimates of $1.45.
Smith International (SII)
The oil and gas services company, which is currently the second best performer among the 500 S&P 500 stocks, is up $4.65 or 13.94% to $38, on a report from the Wall Street Journal, that the company is in talks to be acquired by Schlumberger (SLB).
Tags: apollo group, first solar, intuit, jc penney, s&p 500, smith international
