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3 Stocks Gain on Thursday

- By Omar Venerio

Shares of United States Steel Corp. (NYSE:X) rose in after-hours trading on Thursday after announcing fourth-quarter results. The company posted earnings of $1.82 per share on $3.69 billion in revenue, reflecting 17.9% growth from the prior-year quarter. Earnings fell 1 cent short of estimates and revenue missed expectations by $60 million.

For full-year 2018, the company registered adjusted e arnings before interest, taxes, depreciation and amortization of $1.76 billion .


The c ompany currently expects first-quarter 2019 adjusted EBITDA to be approximately $225 million .

Shares of Mondelez International Inc. (MDLZ) jumped more than 5 % on Thur s d ay after the company announced fourth -quarter earnings of 63 cents per share on revenue of $ 6 . 77 b illion, a 2 . 9 % decline year over year. Results were in line with estimates.

The g ross profit dec reas ed by $104 million and the margin dec line d 50 basis points to 37.6 % due to higher restructuring costs. The a djusted g ross p rofit grew by $147 million and the margin inched up 90 basis points to 40 % as a result of h igher pricing and productivity savings.

Operating income increased by $40 million and the margin increased 90 basis points to 12.8 %, while a djusted o perating i ncome increased $79 million and the margin increased 50 basis points to 16.2 % .

Shares of Altria Group Inc. (MO) advanced almost 2 % after reporting fourth - quarter earnings of 95 cents per share on revenue of $ 4 . 79 b illion, reflecting 1 . 7 % year-over-year growth.

The company paid $5.4 billion in dividends for the full year , with an actual annualized dividend of $3.20 per share, representing a dividend yield of more than 7% . Moreover, it repurchased 27.9 million shares at an average price of $60 per share, for a total cost of $1.67 billion.

Looking ahead to full-year 2019, the company expects adjusted diluted earnings per share between $4.15 and $4.27, a growth rate of 4% to 7% from 2018 despite a projected decline in the total domestic cigarette industry.

Disclosure: The author holds no position in any stocks mentioned.

This article first appeared on GuruFocus.