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3 Stocks to Watch on Thursday: Allstate Corp (ALL), Twenty-First Century Fox Inc (FOXA) and O’Reilly Automotive Inc (ORLY)

Karl Utermohlen

U.S. equities took a step back on Wednesday as the U.S. dollar surged and energy stocks dipped 1.7%. The S&P 500 Index lost 0.5%, the Dow Jones Industrial slipped 0.1% and the Nasdaq Composite gave back 0.9%.

3 Stocks to Watch on Thursday: Allstate Corp (ALL), Twenty-First Century Fox Inc (FOXA) and O'Reilly Automotive Inc (ORLY)

Late afternoon quarterly earnings report came from Allstate Corp (NYSE:ALL), Twenty-First Century Fox Inc (NASDAQ:FOXA) and O’Reilly Automotive Inc (NASDAQ:ORLY).

Here’s how they did:

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Allstate Corp (ALL)

Allstate posted better-than-expected results yesterday.

The company reported a bottom line of $762 million, or $2.09 per share, which fell from the year-ago adjusted earnings of $807 million, or $2.17 per share. The Wall Street consensus estimate called for earnings of $1.53 per share, according to Thomson Reuters.

Allstate’s revenue for its fourth quarter of fiscal 2017 came in at $9.84 billion, a 6% gain compared to the year-ago revenue of $9.28 billion. Analysts were calling for revenue of $7.99 billion.

“Adjusted net income return on equity* was 13.3% for 2017 and book value per share increased by 13.4% for the year,” said Allstate CEO and Chairman Tom Wilson in a statement.

ALL stock gained 0.7% after the bell Wednesday.

Twenty-First Century Fox Inc (FOXA)

Twenty-First Century Fox reported on its latest quarter as well.

The studio announced adjusted earnings of 42 cents per share for the period, below the year-ago total of 53 cents per share. Analysts called for earnings of 38 cents per share, per Thomson Reuters.


Revenue for the period came in at $8.04 billion, improving 4.69% compared to Twenty-First Century Fox’s revenue in the same quarter a year ago. The Thomson Reuters estimate called for revenue of $7.94 billion.

The company’s cable networking business was 11% higher year-over-year in revenue thanks in part to higher advertising revenue, bringing in $4.41 billion, ahead of the $4.31 billion that StreetAccount called for in its outlook.

Twenty-First Century Fox’s television revenue was $1.81 billion, in line with the consensus estimate. Its filmed entertainment revenue was $2.25 billion, topping the projection of $2.24 billion, per StreetAccount.

FOXA stock fell 0.2% after the bell Wednesday.

O’Reilly Automotive Inc (ORLY)

O’Reilly Automotive shares fell following the company’s quarterly report.

The company’s fourth quarter yielded a profit of $302.32 million, or $3.52 per share, topping the year-ago total of $246.03 million, or $2.59 per share. Wall Street called for earnings of $2.77 per share, according to data compiled by Thomson Reuters.

Revenue for the period came in at $2.19 billion for O’Reilly Automotive, a 4.3% surge compared to the year-ago quarterly revenue of $2.10 billion.

For its first quarter of fiscal 2018, the company projects earnings to be in the range of $3.55 to $3.65 per share, while its full-year earnings is slated to be between $15.10 to $15.20 per share.

Full-year revenue is expected to be between $9.4 billion and $9.6 billion.

ORLY stock dipped 1.2% after hours Wednesday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.

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