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3 Stocks to Watch Tuesday

- By Omar Venerio

Shares of Medtronic PLC (MDT) jumped more than 4% after reporting first-quarter 2019 earnings per share of $1.17 on $7.38 billion in revenue. The company beat earnings estimates by 6 cents and revenue estimates by $140 million.

"We are executing against our plan, growing our markets and driving share gains across multiple businesses and geographies," Chairman and CEO Omar Ishrak said . "Our execution is not only on the top line, but also down the P&L, as we delivered margin expansion through our Enterprise Excellence program while increasing our investment in R&D."


Looking ahead to the full year, the company expects organic revenue growth of 4.5 % to 5%.

Shares of Nordson Corp. (NDSN) fell more than 5 % after reporting third- quarter earnings of $1.60 per share on revenue of $ 581 . 24 m illion. Earnings were in-line with estimates, but revenue fell $9.49 million short of expectations.

Looking ahead to the fourth quarter, sales are expected to be in the range of flat to down 4 % . The o perating margin is projected to be about 22 % . GAAP diluted earnings per share guidance is between $1.38 and $1.54. E arnings before interest, taxes, depreciation, and amortization and the EBITDA margin are expected to be $149 million and 26 % .

Shares of Coty Inc. (COTY) fe ll almost 10% on fourth-quarter earnings per share of 14 cents on revenue of $2.3 billion. The company beat earnings estimates by 1 cent, but fell $10 million short of revenue expectations.

The fiscal 2018 gross margin was 61.6% , up from 2017 . O perating income reached $161.2 million , having improved from a reported loss of $437.8 million.

The company expects fiscal 20 19 earnings per share between 7 4 cents and 78 cents.

( D isclosure: The author holds no position in any stocks m entioned ) .

This article first appeared on GuruFocus.