Movers & Shakers: Chevron, MasterCard, Lilly earnings in focus

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Chevron Corp., MasterCard Inc., and Eli Lilly & Co.

Chevron CVX, -0.68%  is projected to report fourth-quarter earnings of $ 1.64 a share, according to a consensus survey by FactSet.

MasterCard MA, +0.79%  is forecast to post fourth-quarter earnings of 67 cents a share.

Eli Lilly LLY, +1.61%  is expected to report earnings of 73 cents a share in the fourth quarter.

Tyson Foods Inc. TSN, +0.07%  is likely to report fiscal first-quarter earnings of 73 cents a share.

Xerox Corp. XRX, +2.42%  is forecast to post fourth-quarter earnings of 29 cents a share.

Legg Mason Inc. LM, +1.08%  is expected to post fiscal third-quarter earnings of 67 cents a share.

After Thursday’s closing bell, Google Inc. GOOGL, +0.16%  reported fourth-quarter adjusted earnings of $ 6.88 a share, missing analysts’ estimate of $ 7.12 a share. Revenue rose 15% to $ 18.1 billion, below analyst forecasts of $ 18.45 billion while total paid clicks increased 14%, missing analyst projections of 17% growth.

Amazon.com Inc. AMZN, +2.59%  said it earned 45 cents a share in the fourth quarter, significantly outdistancing the FactSet consensus estimate of 19 cents a share. Revenue grew 15% to $ 29.33 billion, below the FactSet consensus of $ 29.6 billion. Amazon said revenue would have grown by 18% if not for the unfavorable impact of exchange rates.

Visa Inc. V, +0.67% reported fiscal first-quarter earnings of $ 2.53 a share, ahead of the $ 2.49 a share forecast by analysts. Revenue increased 7% to $ 3.4 billion. The credit card company also announced plans for a four-for-one stock split and affirmed its financial outlook for 2015.

Shake Shack Inc. SHAK, +0.00%  priced its initial public offering of 5 million shares at $ 21 each, above the projected range.

Biogen Idec Inc. BIIB, +0.59%   said its fourth-quarter profit nearly doubled to $ 883.5 million, for $ 3.74 a share, from $ 457.3 million, or $ 1.92 a share a year earlier.

Deckers Outdoor Corp. DECK, +0.97% the maker of UGG boots, lowered its earnings guidance for the March quarter, mostly due to currency exchange rates.

Blackstone Group LP BX, +0.33%   said fourth-quarter profit of $ 551 million, or 90 cents a share, was 11% lower than a year earlier. Economic net income was $ 1.45 billion, or $ 1.25 a share, down from $ 1.54 billion a year earlier but above the 92 cents forecast by analysts polled by Thomson Reuters.

Principal Financial Group Inc. PFG, +0.29%   said fourth-quarter operating earnings rose 13%.

Riverbed Technology Inc.’s RVBD, -0.39%  fourth-quarter profit soared on the sale of its SteelStore product line to NetApp Inc.

Chubb Corp. CB, +0.92%   said its fourth-quarter operating earnings grew as the insurer benefited from increased premiums and paid out a lower portion of premiums to cover claims and expenses.

Broadcom Corp. BRCM, +0.82%   said fourth-quarter earnings surged thanks to continued growth in the chip maker’s broadband and connectivity business, as well as lower costs.

Hanesbrands Inc.’s HBI, +1.44%   fourth-quarter profit more than doubled as the apparel company recorded its second consecutive year of record sales, boosted by the purchases of Maidenform and DBApparel.


MarketWatch.com – Top Stories

Pin It

Comments are closed.