Stocks to Watch: GM, WFM, Z & More
Senior Producer, CNBC
Take a look at some of Thursday's morning movers:
General Motors - The automaker earned $0.93 per share, excluding certain items, compared to estimates of $0.85. GM reported strong results in North America, though the European market remains weak.
Cigna - The insurer reported first-quarter profit of $1.28 per share, excluding certain items, two cents below estimates, though revenue did beat consensus. Cigna's bottom line was pressured by falling profits in its disability and life insurance segments.
Whole Foods Market - The grocery chain reported fiscal second-quarter earnings of $0.64 per share, five cents above estimates. The company’s same-store sales rose 9.5 percent, above analysts' estimates of an 8.8 percent increase.
Visa - Visa earned $1.60 per share for its first quarter, nine cents above estimates, as customers spent more with their cards. That trend had also been seen in the better-than-expected earnings report for rival MasterCard Wednesday morning. However, sentiment surrounding Visa is being hurt as the company reveals the Justice Department asked it for information on its debit card pricing strategies.
Green Mountain Coffee Roasters - The K-Cup maker saw fiscal second-quarter revenues come in well below expectations, and the company issued weaker-than-expected full-year revenue and earnings guidance.
Zillow - The company reported first-quarter profit of $0.06 per share, above Street estimates of $0.03. The real estate website operator has been able to raise the prices it charges realtors, thanks to a jump in new visitors to the site.
Costco - The warehouse retailer posted an April same-store sales increase of 4 percent, below analysts' estimates of a 5.1 percent rise. A strong dollar impacted the value of Costco's sales overseas.
Sara Lee - The food maker reported fiscal third-quarter earnings of $0.20 per share, excluding certain items, five cents below Street estimates. The company is also projecting full-year earnings in the middle of its prior range, and revenue near the low end of its prior range.
Boston Beer - The Sam Adams beer brewer earned $0.56 per share for the first quarter, 14 cents above estimates, with revenue also beating consensus. However, its reaffirmed earnings per share guidance of $3.80 to $4.20 for the year falls below analysts' consensus estimates of $4.21.
Hot Topic - The company has raised its earnings guidance for the current quarter, with the teen retailer now seeing profit of $0.07 to $0.08 per share, compared to its prior range of $0.02 to $0.05. The improved projection comes amid strong same-store sales numbers.
Zumiez - Zumiez reports same-store sales for April were up 10.1 percent, better than analysts had anticipated. Zumiez sells apparel and gear aimed at skaters and surfers.
Prudential Financial - Prudential reported first-quarter profit of $1.56 per share, excluding certain items, 16 cents below estimates. The insurer reported an overall first-quarter loss on currency fluctuations and an increase in disability claims.
Weight Watchers - The company earned $0.74 per share for its first quarter, four cents below estimates. It did raise its profit guidance for the year to $4.60 to $4.80 per share, from $4.20 to $4.60, but investor sentiment is turning negative on a substantial profit drop from a year earlier, and weaker participant volume at its weight-loss meetings.
Carlyle Group - Carlyle priced its initial public offering at $22 per share, the low end of an already lowered range. The private-equity firm raised a total of $671 million in the offering.
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