3 Stocks to Watch on Tuesday: Agilent Technologies Inc (A), Palo Alto Networks Inc (PANW) and Urban Outfitters, Inc. (URBN)

A profit beat estimates, PANW revenue rises 27%, URBN has strong Q3 results

By Karl Utermohlen, InvestorPlace Writer

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U.S. equities got off to a good start this week as telecoms soared 1% and financials were up by 0.5%. The S&P 500 Index wafted up 0.1%, the Dow Jones Industrial Average surged 0.3% and the Nasdaq Composite edged 0.1% higher.

3 Stocks to Watch on Tuesday: Agilent Technologies Inc (A), Palo Alto Networks Inc (PANW) and Urban Outfitters, Inc. (URBN)It was a busy Monday as Agilent Technologies Inc (NYSE:A), Palo Alto Networks Inc (NYSE:PANW) and Urban Outfitters, Inc. (NASDAQ:URBN) all reported their earnings results after the bell.

Agilent Technologies Inc (A)

Agilent posted better-than-expected earnings late Monday.

For the company’s fourth quarter, it earned $177 million, or 54 cents per share, growing from its year-ago earnings of $126 million, or 38 cents per share. On an adjusted basis, it earned 67 cents per share, ahead of the Wall Street projection of 62 cents per share.

For the three months ended Oct. 21, Agilent also had strong revenue of $1.19 billion, ahead of its year-ago sales of $1.11 billion. Analysts had called for revenue of $1.17 billion for the period.

The company’s crosslab group gained 9% year-over-year to $404 million as Agilent experienced growth through its services and consumables in most markets. Its diagnostics and genomics group revenue hiked up 9% to $210 million.

For the fiscal year 2017, the company’s revenue was $4.47 billion, a 6% increase year-over-year, topping analysts’ consensus estimate of $4.45 billion for the year.

Earnings for the year amounted to $684 million, or $2.10 per share, topping the $462 million, or $1.40 per share from a year ago. On an adjusted basis, earnings were $2.36 per share, beating the average estimate of $2.32 per share.

A shares dipped 4.9% after the bell.

Palo Alto Networks Inc (PANW)

Palo Alto Networks had a strong quarter to kick off its fiscal 2018.

For its first quarter of the year, the company raked in adjusted profit of 74 cents per share, a 34% improvement compared to the year-ago mark of 55 cents per share. Analysts were calling for adjusted earnings of 69 cents per share.

Palo Alto Networks also garnered positive revenue growth as it brought in $50.5 million, a 27% surge compared to the $398 million from a year ago. Wall Street predicted revenue of $498 million.

For its second quarter of fiscal 2018, the cybersecurity firm now expects to earn 79 cents per share, handily beating the Wall Street consensus estimate of 77 cents per share.

Palo Alto Networks also expects to impress in the revenue front by bringing in $523 million, a 24% increase compared to the year-ago mark, and topping the $520 million that analysts expect.

PANW shares gained 6.9% after hours Monday.

Urban Outfitters, Inc. (URBN)

Urban Outfitters reported its third-quarter results on Monday, topping analysts’ guidance.

The apparel retailer said it earned $45 million in net income, or 41 cents per share for its latest period on an adjusted basis. Analysts were calling for earnings of 33 cents per share.

Urban Outfitters also had a good showing from the revenue front as the company brought in $892.8 million for its fall period. Ten analysts polled by Zacks Investment Research had an average revenue forecast of $857.5 million.

The company’s total comparable retail segment sales underwhelmed slightly, edging 1% higher than the year-ago comps. Its Free People comps popped 5%, while both Anthropologie and Urban Outfitters had comps of 1%.

“I am pleased to announce record third quarter sales, positive Retail segment comps at all three brands and another strong performance from Free People wholesale,” said Richard A. Hayne, CEO. “Record sales were driven by improved apparel execution across all channels and brands.”

URBN stock declined 2.9% after Monday’s close.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/11/stocks-watch-tuesday-agilent-technologies-inc-palo-alto-networks-inc-panw-urban-outfitters-inc-urbn/.

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