Stocks to Watch: JCP, KYAK, DIS & More
Senior Producer, CNBC
Take a look at some of Friday's morning movers:
J.C. Penney - The retailer reported a quarterly loss of $0.93 per share, excluding certain items, much wider than the $0.07 per share loss the Street was expecting. Revenue was also shy of consensus, and Penney said its profit margins were hurt by lower-than-expected sales and a higher-than-expected level of merchandise clearance sales. (Read More: The Victoria's Secret Fashion Show 2012)
Kayak - Priceline.com is buying the travel price comparison site for $40 a share in cash and stock, or $1.8 billion. That represents a 29 percent premium to Kayak's Thursday closing price. The deal comes just four months after Kayak went public.
Groupon - Groupon reported a breakeven third quarter on a GAAP basis, although it's unclear if that's comparable to estimates of $0.04 per share. But investors are most definitely reacting negatively to revenue that was well below estimates for the daily deals site.
Walt Disney - Disney reported fiscal fourth-quarter profits of $0.68 per share, in line with estimates, while revenue was somewhat light. Disney did see continued growth from its theme parks and media networks.
3M - The stock has been upgraded to "neutral" from "reduce" at Nomura, after new management set what it called "more conservative targets" for the consumer products maker.
Nvidia - The company earned $0.33 per share for the third quarter, beating Street estimates by three cents. The graphics chipmaker also initiated a quarterly dividend of 7 1/2 cents per share and extended an existing share repurchase program through December 2014.
Lions Gate Entertainment - The film studio earned $0.53 per share for its fiscal fourth quarter, swamping estimates of $0.09. Its revenue was also well above expectations, thanks in part to the home release of "The Hunger Games."
Nordstrom - Nordstrom reported third-quarter profit of $0.71 per share, missing estimates by a penny, with its revenue also somewhat light. The miss came despite stronger sales, but the retailer did lift the lower end of its full-year earnings guidance by $0.05 per share, now seeing $3.45 to $3.50 a share.
Energizer Holdings - The company, best known for its Energizer Bunny, earned $1.76 per share for its fiscal fourth quarter, $0.21 above estimates, and also predicted fiscal 2013 earnings above current Wall Street consensus. The consumer products maker saw personal care segment profits jump, and also announced plans for a 10 percent workforce reduction.
Zipcar - Zipcar earned $0.10 per share for the third quarter, beating estimates by nine cents, with revenue coming in above the company's own August guidance. Membership for the instant rental car company was higher by 18 percent from a year earlier.
Allscripts Healthcare - Allscripts is evaluating strategic alternatives, with interest in the company having been expressed by various third parties. Allscripts is a provider of health-care management software.
Electronic Arts, Activision Blizzard - Videogame stocks could move today as NPD reports videogame industry sales fell 25 percent in October. Another possible mover in the industry is Take-Two Interactive, whose "NBA 2K13" was October's top selling game. (Read More: 10 Must-Have Games for This Holiday Season)
Best Buy - Reuters reports an eventual bid for the electronics retailer by founder Richard Schulze may not come until December, and may be below his initial proposal of about $8 billion.
—By CNBC's Peter Schacknow
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