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: Michael Kors, Juniper, TI (Update 1)

NEW YORK -- Michael Kors (KORS - Get Report), the women's apparel maker, reported fourth-quarter net income Tuesday of $43.6 million, or 22 cents a share, up from year-earlier earnings of $17.4 million, or 10 cents a share.

Excluding a credit related to the company's initial public offering, Michael Kors had fourth-quarter net income of $41.6 million, or 21 cents a share.

Fourth-quarter revenue was $380 million.

Analysts, on average, expected Michael Kors to post fiscal fourth-quarter earnings of 16 cents a share on revenue of $360.9 million.

The retailer also said it expects first-quarter earnings of between 18 cents a share and 20 cents a share, and full-year profit of between $1.08 and $1.12 a share.

Analysts expect first-quarter profit of 17 cents a share and fiscal-year earnings of 98 cents a share.

Michael Kors shares rose 12.62% in premarket trading Tuesday to $43.

Juniper Networks (JNPR - Get Report), the networking equipment maker, announced a new $1 billion buyback authorization.

Shares of Juniper Networks rose 2.13% in premarket trading Tuesday to $16.75.

Facebook Haters: Sorry, but Your Revenge Ain't Coming

Chipmaker Texas Instruments (TXN - Get Report) raised the low end of its second-quarter revenue and earnings estimates.

Texas Instruments , the silicon specialist, forecast revenue of between $3.28 billion and $3.42 billion, compared with prior guidance of $3.22 billion to $3.48 billion. Analysts are expecting sales of $3.35 billion.

The company said it now expects earnings of between 32 cents and 36 cents a share compared with a previous estimate of 30 cents to 38 cents. Analysts expect 41 cents a share.

Seagate Technology (STX - Get Report), the hard drive maker, saw shares rise Monday after David Einhorn of Greenlight Capital disclosed ownership of more than 23 million shares, or a 5.4% stake, in the company. That's an increase from the 14.5 million shares, or 3.4% stake, that Einhorn disclosed as of March 31.

FactSet Research (FDS) reported third-quarter net income Tuesday of $48 million, or $1.05 a share, up from year-earlier earnings of $43.3 million, or 92 cents a share.

On average, analysts anticipated third-quarter earnings of $1.04 a share.

The company anticipates fourth-quarter non-GAAP earnings per share of between $1.15 and $1.17. Analysts, on average, forecast earnings of $1.08 a share.

Houston: You Blew It on United Hub

Finisar (FNSR), the optical communications company, provided a weak outlook for its fiscal first quarter ending in July.

The company said it sees a non-GAAP profit of 11 cents to 15 cents a share in the quarter on revenue of between $218 million to $233 million. The current average estimate of analysts calls for earnings of 24 cents a share on revenue of $250.4 million in the quarter.

Shares of Finisar ticked up 13 cents, or 0.97%, to $13.60 in premarket trading Tuesday.

3 Ways JPMorgan Chase Needs to Come Clean: Analyst

-- Written by Joseph Woelfel

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

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

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
JNPR $30.20 -0.36%
KORS $42.68 -0.51%
TXN $57.48 0.37%
STX $34.61 0.12%
AAPL $117.76 -0.23%


Chart of I:DJI
DOW 17,806.48 -6.91 -0.04%
S&P 500 2,089.50 +0.63 0.03%
NASDAQ 5,119.8670 +3.7240 0.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs