By Jon "DRJ" Najarian
Up $8 After Beating Estimates
The pharmacy benefits company said fourth-quarter profit rose to $223.3 million from $206.8 million in the year-ago period. Excluding one-time charges, ESRX would have reported earnings of $0.97 a share in the latest quarter versus estimates of $0.90. Shares closed yesterday at $87.75 but are trading up nearly $8 in the pre-market on our Heat Seeker system.
Kohl's Slips on Outlook
The department store chain said fiscal fourth-quarter profit rose to $431 million, or $1.40 a share, up from $336 million, or $1.10 EPS, a year earlier. Sales climbed to $5.68 billion from $5.24 billion with comparable sales increasing 4.5 percent. Despite beating estimates on earnings and revenue numbers, however, KSS apparently issued cautious guidance. So shares are down at $51.40 this morning from yesterday's close of $51.59.
PC Mall Misses Mark
The online computer and electronics retailer said fourth-quarter profit sank 92 percent as a higher cost of goods sold overshadowed a slight increase in revenue, according to preliminary results. MALL is trading down to $4.50 after finishing yesterday's session up $0.04 at $5.29.
Heinz Grows but Shares Fall
The ketchup king reported third-quarter results that show sales grew almost 13 percent to $2.68 billion, as emerging markets delivered more than 15 percent organic sales growth. HNZ typically beats forecasts but trades flat. Shares closed yesterday at $45.92 but are trading at $45.52 in the pre-market so far.
Anadys Pharmaceuticals Plunges
ANDS reported a fourth-quarter loss of $0.11, which was better than analysts had estimated, but the fact that the bleeding continues is pushing shares down 14 percent this morning.
(Chart courtesy of tradeMONSTER)
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