On Friday, December 10, tech stocks reached fresh highs. Broadcom Inc. and Oracle Corporation both hit new highs after reporting strong profits and sales in their most recent quarters. Following the release of their earnings results, shares of Lululemon Athletica, Academy Sports and Outdoors, Inc., and RH were also trending among investors.
Insider Monkey reviews the 10 stocks drawing attention post quarterly results. After reporting better-than-expected financial results, United Natural Foods, Inc. recently set a new 52-week high of $57.89. The company’s adjusted earnings per share were 91 cents, up from 51 cents in the previous quarter. On an adjusted basis, the management consulting business earned $1.53 per share, up from 54 cents per share in the previous quarter. The quarter’s revenue increased by 47 percent year over year to $643.4 million. Korn Ferry recently issued its fiscal third-quarter financial projection. Ciena Corporation saw its stock rise more than 15% on Thursday, December 9, after the company released its fiscal fourth-quarter financial results. The networking equipment and software firm based in Maryland posted adjusted earnings of 85 cents per share, up from 60 cents a year ago. Campbell Soup Company reported mixed first-quarter financial performance. Due to higher labor and material costs, the company expects gross margins to remain under pressure in the current quarter. For the same time span, analysts predict a 0.5 percent dip. Vail Resorts, Inc. reported sales of $175.6 million, up 33.2 percent from the previous quarter but less than the $192.5 million expected by analysts. Despite this, the company’s quarterly loss of $3.44 per share was narrower than expected. For more details, click 10 Stocks Drawing Attention Post Quarterly Results.
