4 Stocks Investors Should Watch on Tuesday
- By Omar Venerio
Shares of Urban Outfitters Inc. (URBN) traded higher on Tuesday after reporting third-quarter results. EPS of 41 cents beat estimates by 8 cents. Revenue of $892.77 million beat expectations by $31.77 million and increased 3.5% year over year.
Further, the gross profit declined 142 basis points from the same period a year ago.
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CEO Richard A. Hayne was pleased with the results.
"Record sales were driven by improved apparel execution across all channels and brands," he said.
Shares of DSW Inc. (DSW) lost about 13% on the back of the company reporting its financial results for the third quarter. The company posted EPS of 45 cents. Revenues of $708.3 million registered an increase of 1.7% year over year, but came $1.33 million short of expectations.
CEO Roger Rawlins said that despite the negative impact of the hurricanes, the company performed in line with expectations.
"Our business model remains healthy, generating strong cash flow which allows us to invest in both organic and non-organic growth," he said." We activated new customers, accelerated digital demand and continued to deliver concrete progress in many of our strategic priorities, such as our Power Stores, our new Lab Store and the expansion of DSW kids."
Agilent Technologies Inc. (NYSE:A) shares remained relatively flat after the company reported third-quarter EPS of 67 cents on revenue of $1.19 billion, registering a 7.2% year-over-year increase and beating estimates by $20 million.
Looking forward, the company projects revenue for first-quarter 2018 in the range of $1.145 billion to $1.165 billion. Non-GAAP earnings are expected to be in the range of 55 cents to 57 cents per share. Moreover, for fiscal 2018, the company expects revenue between $4.720 billion and $4.740 billion and non-GAAP earnings of $2.50 to $2.56 per share.
Shares of Lowe"s Companies Inc . (LOW) also traded relatively flat after reporting EPS of $1.05, beating estimates by two cents, on revenue of $16.77 billion, which beat expectations by $180 million and registered a 6.5% year-over-year increase.
Disclosure: The author holds no positions in any stocks mentioned.
This article first appeared on GuruFocus.
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