Stocks to Watch: BlackBerry, Oracle, Kroger are stocks to watch

Stock Market

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are BlackBerry Ltd., Oracle Corp., and Kroger Co.

BlackBerry
US:BBRY
 
BB,
-0.58%

 is projected to report a loss of 27 cents a share in the first quarter, according to a consensus survey by FactSet. The Canadian smartphone company on Wednesday announced a partnership with Amazon.com Inc.
AMZN,
-0.36%

 to access Amazon’s Appstore to provide more games, apps and music to BlackBerry users.

Oracle
ORCL,
+0.87%

 is forecast to post fiscal fourth-quarter earnings of 95 cents a share. Analysts at Wedbush reiterated the stock’s neutral rating and target price of $40 on Wednesday. “At current levels,we see ORCL as fairly valued, with upside and downside risks roughly balanced,” analyst Steve Koenig said in his report.

Kroger
KR,
+0.10%

 is expected to report first-quarter earnings of $1.05 a share.

Rite-Aid Corp.
RAD,
-6.57%

 is likely to report first-quarter earnings of 4 cents a share.

Smith & Wesson Holding Corp.
US:SWHC
 is projected to post earnings of 39 cents a share in the fourth quarter.

Pier 1 Imports Inc.
US:PIR
 is likely to post earnings of 20 cents a share in the fourth quarter.

After Wednesday’s closing bell, Jabil Circuit Inc.
JBL,
-0.80%

 reported third-quarter earnings rose to $188.3 million, or 93 cents a share, from $50.1 million, or 24 cents a share, a year ago. On an adjusted basis, Jabil earned 6 cents a share, beating analysts’ average estimate of 9 cents a share loss. Jabil shares came off of earlier highs to trade up 1.6%. Shares of Jabil rose 1.5% in after-hours trading.

Red Hat Inc.
US:RHT
 shares gained 3.6% in after hours after the software company reported first-quarter earnings of $37.8 million, or 20 cents a share, compared with $40.4 million, or 21 cents a share, a year ago. Excluding charges, it earned 34 cents a share, slightly ahead of analysts’ forecast of 33 cents a share.

More must-reads from MarketWatch:

Piketty’s New American Dream is only for the Super Rich

Janet Yellen’s no more confident than the rest of us

What’s next for state, local pension funding

Products You May Like

Articles You May Like

More than half of Gen X parents worry about financially supporting their kids into adulthood, survey shows
Common reserve bond funds spurring investment
Cyber event cited in Palomar Health ratings falling further into junk territory
Texas clears Wells Fargo after bank quits Net-Zero alliance
Record $600bn pours into global bond funds in 2024

Leave a Reply

Your email address will not be published. Required fields are marked *