OptionsHouse

Options Trading News

August 20, 2013  Tue 7:20 AM CT

HD: SEE CHART GET CHAIN FIND STRATEGIES

Strong Quarter Lifts Outlook

The home-improvement giant this morning reported second-quarter earnings of $1.24 per share, above the consensus forecast of $1.21 EPS. The company posted revenues of $22.52 billion, surpassing the $21.79 billion that analysts had been looking for. Home Depot also raised its full-year guidance to $3.60 per share with a 4.5 percent rise in revenues, compared with its previous expectation of $3.52 EPS and a 2.8 percent revenue gain. HD is up nearly 3 percent to $77.36.


Best Buy Surges on Earnings

The electronics retailer announced adjusted earnings of $0.32 per share for the second quarter, blowing past the consensus expectation of $0.12 EPS. Revenues came in at $9.3 billion, above the estimated $9.13 billion. The bottom-line results have been attributed to broad cost-cutting measures. BBY is up more than 10 percent to $33.85 in the pre-market.


J.C. Penney Up Despite Report

The ailing department-store retailer reported a quarterly loss of $1.17 per share, wider than the $1.06 loss expected by most analysts. Revenues came in at $2.26 billion, below the consensus forecast of $2.76 billion. Shares are higher in spite of these apparently weak numbers, partly because sentiment on the stock has been so poor. JCP is up 3.25 percent to $13.65 this morning.


Urban Outfitters Sizes Up Well

The apparel company posted earnings of $0.51 per share in its second-quarter report after yesterday's close, well above the $0.48 EPS that analysts had forecast. Revenues came in at $758.5 million, short of the estimated $768.4 million. URBN is up more than 9.5 percent to $43.75 on my tradeMONSTER extended-hours platform


Not All Is Rosy in Perfect World

The Chinese game developer reported adjusted of $0.33 per share for the second quarter, beating the consensus forecast of $0.29 EPS. Perfect World also said revenues totaled $115.4 million, above the $109.01 million expected by analysts. But those results apparently weren't enough to satisfy traders as operating expenses rose 19 percent year over year, fueled by increased marketing budgets. PWRD is down 2.5 percent to $20.10.
Share this article with your friends


Related Stories

HD

Trade sees floor in Home Depot

June 25, 2015

The home-improvement retailer initially rose after reporting quarterly results on May 19 but then reversed intraday and fell into a range that has been in place since.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Real vs. Synthetic

We now know that there are two ways of creating a call position, a put position, and a stock position. We can simply use the actual real security or we can recreate it synthetically. We can create these positions in both long and short forms and this ability sets up an interesting scenario--an arbitrage!

View more education articles »