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Omar Venerio
Omar Venerio
Articles (1418) 

Three Stocks in the Green on Friday

Urban Outfitters, Nvidia and FireEye rise on results

February 09, 2018 | About:

On Friday, shares of Urban Outfitters Inc. (NASDAQ:URBN) traded higher after the company reported sales growth for the fourth quarter.

Revenue swelled 5.7% year over year to $1.09 billion, up from $1.03 billion. Same-store sales for the retail segment rose 4%, fueled by double-digit growth in the direct-to-consumer channel.

In the retail segment, Free People's sales rose 8%, Anthropologie grew 5% and Urban Outfitters increased 2%.

Shares of Nvidia Corp. (NASDAQ:NVDA) rose after the company reported fourth-quarter 2018 earnings of $1.78 per share on $2.91 billion in revenue. The company beat earnings estimates by 61 cents and revenue expectations by $230 million.

“We achieved another record quarter, capping an excellent year,” Jensen Huang, founder and CEO, said. “In a powerful sign of our progress, attendees at NVIDIA’s GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform."

In fiscal 2019, the company plans to return $1.25 billion to shareholders through quarterly cash dividends and share repurchases.

Nvidia expects revenue for the first quarter to be approximately $2.9 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 62.7% and 63.0%, respectively, plus or minus 50 basis points.

Shares of FireEye Inc. (NASDAQ:FEYE) jumped more than 9% on the back of the company posting its financial results for the fourth quarter. For the quarter, the company reported net sales growth of 9.5% to $202.3 million, while its profit advanced to one cent per share. This is the first time the company has posted a quarterly profit.

“We achieved strong results across all key financial metrics in the fourth quarter and delivered against our year-long commitment of billings and revenue growth, non-GAAP operating profitability, and positive operating and free cash flow by the fourth quarter,” CEO Kevin Mandia said.

Looking ahead, the company expects full-year earnings of up to four cents per share on an adjusted basis, revenue between $815 million and $825 million and billings of $810 million to $830 million.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

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