There are at least four companies shares that are worth watching on Tuesday for intra-day trading. They are: Red Hat Inc (NYSE:RHT), Darden Restaurants, Inc. (NYSE:DRI), SYNNEX Corporation (NYSE:SNX) and Raven Industries, Inc. (NASDAQ:RAVN). Investors would be reacting to the company’s announcement.
- Red Hat Inc (NYSE:RHT) reported earnings of 61 cents a share for the fourth quarter that is in line with the Street estimates. However, its revenue of $629 million, which grew 15.7 percent from the year-ago period, topped expectations of $618.76 million. Moving ahead, the company guided first quarter earnings to be 52 – 53 cents a share on revenue of $643 – $650 million while analysts expect an EPS of 59 cents and revenue of $642.38 million. For the fiscal year 2017, the company sees adjusted EPS of $2.60 – $2.64 a share and revenue of $2.72 – $2.76 billion. This is better than the Street analysts’ expectations of $2.59 a share on revenue of $2.71 billion. Following this, the stock advanced 5.29 percent in after-hours trading on Monday and the trend could continue on Tuesday when the market opens.
- Darden Restaurants, Inc. (NYSE:DRI) announced earnings of $1.32 a share for the third quarter beating estimates by four cents. Similarly, the company’s revenue advanced 1.6 percent to $1.88 billion and came in above the expectations of $1.87 billion. Going forward, Darden sees earnings of $3.95 – $4.00 a share for fiscal year 2017 while same restaurant sales are predicted to grow about 1.5 percent. Analysts are looking for an EPS of $3.94. Following the upbeat forecast, the stock gained 3.86 percent in extended hours trading on Monday.
- SYNNEX Corporation (NYSE:SNX) delivered earnings of $1.82 a share for the first quarter that came in above the estimates of $1.66 a share. Its revenue of $3.52 billion, which grew 12.5 percent from the year-ago period, also topped the Street expectations of $3.48 billion. Moving ahead, the company guided earnings of $1.70 – $1.78 a share and revenue of $3.57 – $3.77 billion for the second quarter while the Street is looking for an EPS of $1.74 and revenue of $3.62 billion. Following the results and upbeat outlook, the stock added 2.18 percent in after-hours trading on Monday.
- Raven Industries, Inc. (NASDAQ:RAVN) delivered mixed results for the fourth quarter. While its earnings of 12 cents a share missed estimates by three cents, its revenue of $68.92 million, which jumped 30.5 percent on a year-over-year basis, topped expectations of $68.5 million. Going forward, the company believes that it is entering the fiscal year 2018 with an optimistic view on the future and sees annualized EPS growth of about 10 percent on a long-term basis. Following the mixed results, the stock could trade volatile.