Green Mountain Coffee Roasters (GMCR) will report earnings after the closing bell. The company is expected to brew up earnings of 75-cents a share, up from 64-cents a year ago. Analysts are looking for revenues of $964-million, up slightly from last year. Green Mountain stock is up 41% year-to-date and 168% in the past year. But the company is seeing heavy competition over its signature K-cups from companies like Whole Foods and Kroger.
L Brands (LTD) will also release its earnings after the closing bell today. The parent company of chains like Victoria's Secret and Bath and Body Works is expected to report earnings of 28-cents a share, up two cents from a year ago. Revenue are estimated to come in at $2.17-billion, up almost 6% from last year. L Brands has been one of the few success stories in an ongoing struggling retail environment. The company has seen its shares rise more than 35% so far this year.
La-Z-Boy (LZB) surged 8% after its earnings report was released at the closing bell yesterday. The company topped estimates by 7-cents reporting earnings of 31-cents a share. Revenues were also higher than the consensus. La-Z-Boy has seen its shares rise almost 63% since the beginning of the year.
Devon Energy (DVN) is climbing on plans to acquire privately-held shale driller GeoSouthern Energy. Devon saw its shares jump 5% yesterday afternoon on the news. The deal is for about $6-billion. The takeover could happen as soon as today. It would be one of the biggest U.S. oil and gas transactions of the year.
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