Hot Stock Minute

Sponsored by
TD Ameritrade

Closing bell: PCLN, CHTR, HPQ, GRPN, DISH

Hot Stock Minute

Priceline.com (PCLN) saw shares rise 2.6% after reporting adjusted earnings of $8.85 per share beating estimates of $8.29 while revenue rose 29 percent to $1.54 billion beating estimates of $1.51 billion. Priceline attributed the strong quarter to a boom in bookings for hotel stays, airline tickets and rental cars at the end of the quarter. Their Q1 guidance did fall short of expectations.

Charter Communications (CHTR) saw shares fall 5% even after beating earnings estimates. The U.S.'s number four cable operator reported earnings of 35 cents a share beating estimates of 24 cents while revenue rose 12 percent to $2.15 billion just missing estimates of $2.16 billion. Charter's rise in profits and revenue can be attributed to the acquisition of Cablevision Systems' Bresnan Broadband as well as growth in its video and internet revenue.

Groupon (GRPN) saw shares tumble 22% after forecasting a loss of 2 to 4 cents a share for the current quarter, below analysts' estimates, as it plans to spend more to advertise its online marketplace. The company did beat earnings estimates by 2 cents, posting adjusted earnings of 4 cents a share, while revenue rose 20.4 percent to $768.4 million from the previous year beating estimates of $718 million.

The nation's second largest satellite-television provider, Dish Network (DISH) saw shares rise over 1% after posting adjusted earnings of 63 cents a share beating estimates of 41 cents a share while revenue rose 7 percent to $3.54 billion, missing estimates of $3.59 billion. Dish added about 654,000 pay-tv subscribers in the last quarter and 8,000 more net broadband subscribers.

Hewlett-Packard (HPQ) saw shares reverse lower after posting adjusted earnings of 90 cents a share beating estimates by 6-cents on surprisingly strong PC sales to businesses. Revenue fell 1 percent to $28.15 billion, though that beat estimates of $27.20 billion. H-P also raised its earnings guidance for 2014.

View Comments (9)