Time for you're Thursday edition of trending tickers, the stocks you're following based on Yahoo Finance ticker searches.
Airlines are rocking today led by Southwest (LUV). LUV is up more than 6% after the pioneer discount airline reported earnings of 55-cents for the fourth quarter, 4 cents ahead of expectations. Southwest said passenger revenue was up 2.6% compared to last year. The real source of the beat was fuel costs which fell 14.1% year over year, inclusive of hedges. For the coming quarter Southwest said it expects to save about half a billion just on fuel savings.
Lands End (LE) shares are getting destroyed by more than 20% after the company warned that fourth quarter sales and earnings would come in well short of expectations. CEO Edgar Huber said sales were hurt by a dramatic reduction in the number of Lands End shops within Sears stores and a 7 to 9% drop in same store sales overall. As a result net income for the quarter is expected to come in between 20 and 26% lower than the same quarter last year. Lands End was spun out of Sears Holdings last spring, a move that was working out well for everyone involved before this morning. Fashion is a cruel mistress.
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Finally Verizon (VZ) is lower by more than 2% after the wireless kings beat revenue estimates but came up light on the bottom line. Analysts say the revenue beat came from hardware sales on which Verizon makes little to no profits. The much more profitable services side of Verizon's business had lower than expected revenues and declining margins. That's a rough combination for investors. Verizon is having an increasingly difficult time staying above the fray when it comes to competing on price as other carriers build out their networks. Couldn't happen to a nicer industry.
Those are you're trending tickers. Tell us what you think in the space below or tweet us at #trending tickers.
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