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

Stocks to Watch: Dick's, Qualcomm (Update 2)

NEW YORK -- Dick's Sporting Goods (DKS - Get Report) reported net income of 88 cents a share in the fourth quarter, meeting analysts' expectations.

Sales were $1.6 billion, compared to the consensus forecast of $1.61 billion.

For the full year 2012, Dick's Sporting Goods estimates earnings of $2.38 to $2.41 a share and a 2% to 3% increase in sales.

Shares were falling 1.4% to $45.57 in premarket trading on Tuesday.

Qualcomm (QCOM - Get Report) announced a 16% increase in its quarterly dividend to 25 cents a share.

The board also announced a plan to repurchase $4 billion in stock.

Shares were up 0.5% to $62.40 in premarket trading.

Supermarket chain Safeway (SWY) said it sees earnings of $1.90 to $2.10 a share for 2012. The forecast beat analysts' estimates of $1.88 for the full year. In 2011, the company earned $1.78 a share.

Sales, excluding gas, are expected to grow by 1% to 2% as the company expects to benefit from remodeling at many of its stores.

Shares were up 4.1% to $23.

Drug wholesaler AmerisourceBergen (ABC) said it would buy transportation and logistics service provider World Courier Group in a deal worth $520 million in cash.

The deal is expected to close in the third quarter.

Shares of AmerisourceBergen were down 0.1% to $36.55.

Chesapeake Energy (CHK - Get Report), the second-largest natural-gas producer in the U.S., announced a $250 million partnership with private-equity firm KKR to invest in U.S. oil and gas fields..

The Wall Street Journal reported the news earlier Tuesday.

Shares were down 0.9% to $24.23.

VeriFone (PAY - Get Report), a maker of credit card terminals, posted adjusted earnings in its fiscal first quarter of 58 cents a share. Revenue rose 48% to $419.5 million.

Analysts were expecting VeriFone to earn 52 cents a share in the first quarter on revenue of $417.5 million.

Shares were up 0.6% to $46.55.

Nutrisystem (NTRI - Get Report), the weight loss and management products company, reported a wider-than-anticipated loss in its latest quarter and gave a disappointing forecast for 2012.

The company posted a loss of $1.2 million, or 4 cents a share, for the three months ended Dec. 31 on revenue of $66.9 million. Analysts were expecting a loss of 2 cents a share on revenue of $64.4 million.

For the first quarter ending in March, Nutrisystem sees a loss of 5 cents to 10 cents a share, below the consensus view for a profit of 10 cents a share. For the full year, the company expects earnings of 45 cents to 55 cents a share; analysts expect profit of 92 cents.

Shares were plunging 11.1% to $11.88.

-- Written by Chao Deng and Joseph Woelfel in New York.

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

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

Related links:

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
CHK $6.83 0.74%
DKS $46.33 -0.71%
NTRI $22.04 0.00%
QCOM $50.51 -3.10%
PAY $28.47 -1.50%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.29 -10.52 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs