Monday, February 17, 2014

Alcoa, Sears, Abercrombie & Fitch are stocks to watch

Top 5 High Dividend Stocks To Buy For 2015

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday's session are Alcoa Inc., Sears Holdings Corp., Abercrombie & Fitch Co., and Gap Inc.

After Thursday's closing bell, Alcoa (AA)  reported it swung to a fourth-quarter loss of $2.3 billion, or $2.19 a share, on revenue of $5.59 billion. Excluding special items, Alcoa would have earned 4 cents a share. Analysts surveyed by FactSet had forecast earnings of 6 cents a share. Earlier, the aluminum producer said it will pay $384 million to settle corruption charges with the Securities and Exchange Commission and Department of Justice. Shares of Alcoa fell almost 4% in after-hours trading.

Sears (SHLD)   late Thursday said its quarter-to-date same-store sales at Kmart and Sears fell 7.4% while sales at Sears Canada slid 4.4%. The department store also forecast an adjusted loss of $2.01 a share to $2.98 a share in the fourth quarter. For the year, it projected an adjusted per-share loss of $7.64 to $8.61. Sears shares skidded 12% in extended trading.

Abercrombie & Fitch (ANF)  raised its per-share adjusted earnings outlook for the year to a range of $1.55 to $1.65 from $1.40 to $1.50 previously. Analysts surveyed by FactSet had forecast $1.47 a share. Shares of Abercrombie & Fitch surged 16% in after-hours trading.

Gap (GPS)  on Thursday said same-store sales in December were flat, below the 1.5% growth forecast in a Thomson Reuters survey. However, comparable sales rose 2% during the holiday shopping season in November and December. Gap shares rose 2% in after hours.

No comments:

Post a Comment