Tyson Foods (TSN) has been up more than 4% in early trading after reporting its earnings. The company made 70-cents a share, topping estimates by a penny. Revenue was also slightly above expectations, coming in at nearly $8.9-billion. Tyson says its sales were up 7%over last year to a record high. The company cited strength in its chicken business and says it was helped by an bigger supply of cattle. Even before this morning's jump, Tyson was up 44% year-to-date.
Salesforce.com (CRM) reports earnings after the closing bell. The cloud computing company is expected to post earnings of 9-cents a share, up just a penny from a year ago, though on sales that have climbed by a-third to more than $1-billion. Salesforce stock is up 34% so far this year and hit a new all-time high on Friday.
Urban Outfitters (URBN) also reports this afternoon. Analysts are predicting the company will reveal profits of 45-cents a share, which would be a nickel better than a year ago. Sales are expected to be about $770-million. The real question is whether Urban Outfitters and its other brands like Anthropologie and Free People are outperforming competitors like Abercrombie and American Eagle. Urban Outfitters stock is currently down 2% this year. Not too good, but Abercrombie is down 27% in the same time.
Zulily (ZU) is up more than 1%. The online retailer held its IPO on the Nasdaq on Friday. Shares rose more than 71% from their issue price, closing at nearly $38. The company now has a market cap of $4.6-billion.
- Consumer Discretionary
- Urban Outfitters
- Tyson Foods