Seagate Technology (STX) reports after the closing bell. Earnings are expected to be down 10% from last year to $1.30 a share. Revenue is also predicted to dip to a figure of about $3.56-billion. Still, traders like the stock, driving it up 56% year-to-date. In fact, shares hit their 52-week high last Monday.
Herbalife (HLF) also reports after the closing bell. The company is expected to post profits of $1.14 a share, a dime better than a year ago on revenue that's up more than 17%. Of course if you're Bill Ackman you might accuse the company of being a pyramid scheme. He shorted the stock while foe Carl Icahn has made a mint, grabbing up shares. Herbalife stock has more than doubled this year, up 106%.
Also reporting this afternoon is Herbalife competitor Nutrisystem (NTRI). This stock is up 93% year-to-date. Though it's still at just about one-sixth of its all-time highs back in 2006. Profits here are expected to have slimmed down from last year to 13-cents a share from 16-cents a year ago. Consensus is for sales that have essentially been flat at $81.30-million.
Drug maker Dendreon (DNDN) has been up double-digits on a reports that the company is seeking a buyer. Right now Dendreon has just one marketed product called Provenge, which treats prostate cancer. But it has been a disappointing seller. Shares of Dendreon were down 57% year-to-date prior to the climb we're seeing in the premarket.
- Investment & Company Information