Stocks to Watch: Michael Kors, Juniper, TI (Update 1)

NEW YORK -- Michael Kors ( KORS), 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), 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) 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), 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: tips@thestreet.com.

More from Stocks

Coke's a Better Stock to Buy Than Pepsi on Surprising North America Sales
Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb