There are at least five stocks to watch out for the intraday trading on Friday. These companies have announced their quarterly numbers after the market closed on Thursday. These stocks would have eclipsed investors' eyes in the face of the Apple (AAPL) and Amazon (AMZN) results.
Expedia (EXPE) reported adjusted net income of $188.0 million or EPS of $1.32 for the third quarter. While adjusted net income rose 4% from $180.5 million, EPS grew 3% from $1.28 in the previous year quarter. Revenue advanced 17 percent to $1.199 billion from $1.02 billion in the previous year quarter. The company's room night growth witnessed 9.95 percentage points upside to 27% from 17%, while gross bookings increased 19% from the last year. Analysts' surveyed by Thomson Reuters expected Expedia to earn EPS of $1.26 and revenues of $1.17 billion. Shares of the company advanced more than 15% in the after hours market trading following the favorable news.
Another company, Cerner (CERN), reported earnings that topped analysts' estimations for the third quarter. The company earned $105.2 million or 60 cents on an adjusted basis versus $83.5 million or 48 cents in the year-ago quarter. Net earnings recorded 26% upside, while revenues grew 18% to $676.48 million from $571.64 million in the year earlier quarter. The important aspect is that the company's bookings also advanced 18% to $769.9 million from $650.3 million in the previous year quarter. Analysts predicted Cerner to earn 59 cents a share and $652.84 million revenue for the quarter. The company's EPS has also consistently topped the Wall Street predictions in the previous four quarters.
Going forward, the company guided adjusted EPS of 62 - 64 cents and revenues $670 - $700 million for the fourth quarter, while analysts' expect EPS of 64 cents and revenues of $688.43 million. Cerner sees new bookings of $925 - $975 million for the same period. The market greeted the positive news by posting over 10% gains in the extended hours trading.
Meanwhile, Technology Company CA (CA) has cut its fiscal year 2013 EPS guidance below the estimates dragging the shares down over 5% in the extended hours trading. The company earned adjusted income from continuing operations of $274 million, up 7% from $255 million, while adjusted EPS from continuing operations vaulted 16% to 59 cents from 51 cents in the previous year quarter. However, revenues slipped 4% to $1.15 billion from $1.2 billion in the year-ago quarter. While EPS met with analysts' predictions, revenues fell shy of analysts' expectations of $1.17 billion.
Moving ahead, CA has reduced its fiscal 2013 adjusted EPS forecast to $2.36 - $2.44 from its earlier guidance of $2.45 - $2.50. Similarly, the company has slashed its revenues outlook to $4.58 - $4.67 billion from $4.74 - $4.80 billion. Analysts expect the company to earn EPS of $2.48 and revenues of $4.76 billion.
One more company to see downside pressure is Coinstar (CSTR). The company's net income slipped to $36.8 million or EPS of $1.14 from $37.1 million or EPS of $1.18 in the year earlier quarter hurt by weak demand for movie rentals due to the summer Olympics. But the company's core EPS grew to $1.26 from $1.20. Revenues, however, increased 15.5 percent to $537.6 million from $465.62 million in the year-ago quarter driven by the Redbox division. Analysts were expecting the company to earn EPS of $1.15 and revenues of $556.99 million.
Looking ahead, Coinstar sees core EPS from continuing operations of 62 - 77 cents and revenues of $552 - $602 million for the fourth quarter. This is lower than Street expectations of EPS of $1.05 and revenues of $599.62 million. Similarly, for the full year, the company expects core EPS from continuing operations of $4.50 - $4.65 and revenues of $2.19 - $2.24 billion, whereas Wall Street analysts' predict EPS of $4.85 and revenues of $2.26 billion. The stock dropped over 8 percent in the extended hours trading after the unfavorable news.
Meanwhile, VeriSign (VRSN) stock dived over 13% for different reasons. The company reported adjusted EPS and revenues for the third quarter that is above Street expectations. Verisign earned profit of $77.91 million or EPS of 47 cents, higher than $59 million or EPS of 36 cents in the year-ago quarter. Adjusted profit also increased to $84 million from $64 million and EPS to 50 cents from 39 cents in the 2011 third quarter. Analysts predicted the company to earn 49 cents a share and revenues of $223.56 million.
However, the stock was down in the after hours trading as doubts were raised about the renewal of government contract. The government is reviewing the agreement on dot com registry and pricing terms. The company expressed his fear that the Commerce Department may not be able to complete its review for approval as the agreement ends on November 30 for the renewal of the agreement.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.