Hot Stock Minute

Sponsored by

Starbucks & Expedia Reporting; LinkedIn Drops on Earnings; Buffalo Wild Wings Flies Higher

Hot Stock Minute

Starbucks (SBUX) reports after the closing bell. We should note the stock is up 45% year-to-date and hit a new all-time high just last week. As for today's report, analysts are looking for earnings of 60-cents a share, up from 46-cents a year ago on sales that have climbed 13% to $3.81-billion. Same-store-sales around the world are expected to climb 5% to 7%, bucking a trend of sagging sales among other food chains. Over the past three months the company has raised prices, revamped its food menu and started expanding its Teavana chain.

Networking social network LinkedIn (LNKD) reported earnings after yesterday's closing bell and has since been down more than 3%. The company easily beat estimates for the quarter with earnings of 39-cents a share on $393-million in revenue. However, its guidance for the current quarter and the year were both disappointing. If you don't count this morning's move lower, LinkedIn shares are up 119% year-to-date. That's even better than Facebook's celebrated 76% climb. A reminder Facebook reports this afternoon.

Expedia (EXPE) reports after the closing bell. It's expected to reveal gains over last year, with earnings of $1.35 a share on revenues of $1.37-billion. Expedia has been a low flier this year, down 20%. Compare that to competitor Priceline which has seen its shares climb 68% to nearly $1,070 a share.

Finally we want to look at three big movers on the NASDAQ, all of which came out with their earnings yesterday afternoon. Dreamworks (DWA) has been up more than 8% after beating street expectations; Shutterfly (SFLY) dropped more than 10%. Losses there were narrower than expected at 24-cents a share; Buffalo Wild Wings (BWLD) has been up more than 11% topping expectations with its report. Both sales and profits are up as the company expands. The business says it has also been benefiting from falling chicken prices. Even before this morning's gains, shares were up 77% year-to-date. They're now at an all-time high.

View Comments