Stocks To Watch For April 13 (RVBD, JPM, ADTN, SJR, HOFT)
Some of the stocks that may grab investor focus today are:
Riverbed Technology Inc (NASDAQ: RVBD) issued upbeat projections for the first quarter. Riverbed projects Q1 adjusted earnings of $0.19 to $0.20 per share on revenue of $163 million to $164 million. However, analysts expected Q1 earnings of $0.18 per share on revenue of $161 million. RVBD shares jumped 13.84% to $35.20 in after-hours trading.
Wall Street expects JP Morgan Chase & Co (NYSE: JPM) to report its Q1 EPS at $1.16 on revenue of $25.48 billion. JPM shares fell 0.09% to $46.60 in the after-hours trading session.
ADTRAN Inc (NASDAQ: ADTN) reported its Q1 sales at $165,522,000, up from $127,027,000, in the year-ago quarter. The company's net income surged 88% y/y to $34,258,000. ADTN's earnings per share jumped 79% y/y to $0.52. The company's Board of Directors also declared a Q1 cash dividend of $0.09 per common share. ADTN shares gained 0.84% to $41.95 in after-hours trading.
Analysts expect Shaw Communications Inc (NYSE: SJR) to report its Q2 earnings at $0.37 per share on revenue of $1.25 billion. SJR shares rose 0.07% to $21.40 in the after-hours trading session.
Hooker Furniture (NASDAQ: HOFT) reported its FY11 net income at $3.2 million, up from $3.0 million, in the 2010 fiscal year. The company's earnings per share increased to $0.30 from $0.28 in the prior year. The company's net sales for 2011 increased 5.9% y/y to $215.4 million. HOFT shares climbed 2.31% to close at $13.30 yesterday.
