This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Stocks to Watch: Thoratec, JDS Uniphase

NEW YORK ( TheStreet) -- Thoratec (THOR - Get Report), the Pleasanton, Calif.-based maker of heart pumps, gave a mixed full-year outlook. The company said it now sees non-GAAP earnings of $1.48 to $1.52 a share for the full year on revenue ranging from $418 million to $423 million.

The current average estimate of analysts polled by Thomson Reuters is for a profit of $1.49 a share on revenue of $428.4 million.

Shares were plunging 10.3% to $31.29.

Networking equipment maker JDS Uniphase (JDSU) topped Wall Street's expectations for its first-quarter results. On a non-GAAP basis, Milpitas, Calif.-based JDS reported a profit of $40.9 million, or 18 cents a share, on revenue of $421.1 million.

The average estimate of analysts polled by Thomson Reuters was for earnings of 13 cents a share in the period on revenue of $415.1 million.

JDS also lowered the revenue outlook for its current second quarter to reflect the impact of flooding in Thailand. The company said it now sees revenue ranging from $375 million to $405 million for the period, a reduction of $35 million to $45 million. Wall Street's current consensus view is for revenue of $446.5 million.

Shares were jumping 6.7% to $12.25.

MasterCard (MA - Get Report) reported third-quarter profit of $5.63 a share, beating the Wall Street consensus target of $4.82.

Shares were gaining 6.5% to $355.94.

Sony (SNE - Get Report), the Japanese electronics giant, reported a fiscal second-quarter loss of 27 billion yen ($346 million) and said it expects an annual loss for the fourth year in a row.

Sony said it expects an annual loss of 90 billion yen; it previously expected a net profit of 60 billion.

Shares were tumbling 5.1% to $18.70 in premarket trading Wednesday.

Video, high-speed Internet and phone services provider Comcast (CMCSA - Get Report) reported third-quarter earnings of 33 cents a share, missing the average analyst estimate of 40 cents. Earnings per share rose 6.5% from the previous year.

Shares were spiking 1.6% to $23.35.

Yahoo! (YHOO - Get Report) is pitching private-equity firms about an arrangement in which they could take a minority stake in the Internet company while effectively gaining control, people familiar with the matter told The Wall Street Journal.

Shares were rising 1.4% to $15.14.

Teva Pharmaceutical (TEVA - Get Report) said third-quarter net profit excluding items fell from a year earlier but came in above analysts' estimates.

Sales rose 2% to $4.34 billion. North-American generic-drug sales fell 48% to $845 million, but Teva CEO Shlomo Yanai said he expects a "strong fourth quarter including an improved U.S. generics business."

Shares were falling 1.1% to $38.65.

Media and entertainment company Time Warner (TWX - Get Report) reported third-quarter earnings of 79 cents a share, beating the average analyst estimate of 76 cents. Shares were rising 1.1% to $34.20.

Kraft Foods (KFT) is expected to earn 55 cents a share in the third quarter. Analysts are expecting sales of $12.81 billion.

MF Global (MF) reportedly is being investigated by the FBI on whether client funds are missing.

Web services company AOL (AOL) reported a third-quarter loss of 2 cents a share, narrower than the loss of 6 cents a share that analysts, on average, were expecting.

-- Written by Joseph Woelfel and Andrea Tse

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

Related links:

Copyright 2011 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
JDSU $5.75 0.35%
AOL $49.99 0.06%
CMCSA $59.62 1.97%
MA $94.33 2.45%
SNE $26.49 2.83%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs