Stocks to Watch: TOL, SRZ, DELL & More
Senior Producer, CNBC
Take a look at some of Wednesday's morning movers:
Toll Brothers - The home builder earned $0.36 per share for its fiscal third quarter, doubling Street estimates. Its revenues also came in above consensus, and its revenue from signed contracts was up 57 percent from a year earlier.
Sunrise Senior Living - The builder of assisted living facilities is being bought by Health Care REIT for $14.50 per share cash, a 62.4 percent premium over Tuesday's close.
Dell - The computer maker earned $0.50 per share for the second quarter, five cents above estimates, but revenue fell short of consensus. Dell’s fiscal-year forecast of $1.70 per share is shy of the $1.90 consensus estimate from analysts, and its third quarter sales projections are also below estimates. Dell’s forecast is seen as a reflection of the shift from desktop and laptop computers to smartphones and tablet computers.
Intuit - Intuit reported fiscal fourth-quarter profit of $0.03 per share, half of the $0.06 that analysts were projecting. The software maker’s revenue also fell slightly short of forecasts, although the maker of the popular Quicken and TurboTax software packages did raise its quarterly dividend by 13 percent. It’s also forecasting first-quarter revenue below analysts' estimates.
Williams-Sonoma - The housewares retailer earned $0.43 per share for the second quarter, two cents above estimates, with sales also coming in above forecasts. It sees current-quarter earnings of $0.43 to $0.46 per share, compared to estimates of $0.43 per share.
Analog Devices - The chipmaker matched Street estimates with quarterly profit of $0.56 per share, but the company's fiscal third-quarter sales are below estimates, and its projected current-quarter profit of $0.54 to $0.60 per share falls largely below the consensus forecast of $0.60. This comes as a weaker global economy cuts demand for semiconductors.
Fifth Third Bancorp - The bank said the Federal Reserve (explain this) is not objecting to its latest capital plan, which includes share buybacks and a possible dividend increase.
Lorillard - Lorillard is authorizing up to $500 million in share repurchases, with the tobacco company setting no expiration date for the plan. It completed a $750 million repurchase plan earlier this year.
CVR Energy - Investor Carl Icahn withdraws his $29 per share offer to buy the oil refiner. He currently controls about 82 percent of CVR’s outstanding shares.
Jury deliberations are set to begin today in the patent trial pitting Apple against Samsung. The deliberations come after meetings between the CEOs of the two companies failed to produce a resolution.
BHP Billiton - BHP is reporting an annual profit drop of nearly 35 percent. The world’s biggest miner has been impacted by weaker commodity prices.
Chico's FAS - The apparel retailer reported quarterly profit of $0.32 per share for the second quarter, two cents above estimates, while Chico's reported a 5.6 percent increase in same-store sales.
—By CNBC’s Peter Schacknow
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