After-Hours Buzz: Zoetis Inc. (ZTS), Valeant (VRX), ManpowerGroup Inc. (MAN), Micron (MU), Nike, Inc. (NKE)

Shares of animal-health giant Zoetis Inc. (ZTS) are higher by nearly 2% to $56.40 in after-hours trading on Thursday on news that Valeant Pharmaceuticals Int’l Inc. (VRX) has made a preliminary approach to buy the largest seller of vaccines and medicines for livestock and household pets.

Zoetis, spun off from Pfizer Inc (PFE) in 2013, had a market cap of nearly $25 billion on Thursday afternoon.

Glenview Capital Management has taken a 7.24% passive stake in ManpowerGroup Inc. (MAN).

In after-hours trade on Thursday, ManpowerGroup shares were up $0.46, or 0.50%, to $92.21.

Micron Technology, Inc. (MU) shares are down $2.52, or 10.66%, to $21.50 in after-hours trading Thursday after the company reported its third quarter earnings results.

The memory chip maker posted non-GAAP earnings of $0.54 per share on revenues of $3.85 billion, down 3.2% from a year ago. Analysts were expecting EPS of $0.56 on revenues of $3.91 billion. On a GAAP basis, net income attributable to Micron shareholders for the quarter ended June 4, 2015 was $491 million, or $0.42 per share (diluted), compared to net income of $806 million, or $0.68 per share, for Q3/14.

“In the fiscal third quarter, Micron experienced market headwinds driven primarily by weakness in the PC sector,” stated Chief Executive D. Mark Durcan. “We remain focused on the long term as we continue to deploy advanced process technology to enable leading-edge products and drive manufacturing efficiency.”

Nike, Inc. (NKE) reported fourth quarter EPS of $0.98 after the closing bell Thursday, compared to the consensus estimate of $0.83. Revenues increased 4.8% from last year to $7.78 billion. Analysts expected revenues of $7.69 billion. For the year, the athletic apparel maker reported profit of $3.27 billion, or $3.70 per share. Revenue was reported as $30.6 billion, an increase of 14% on a currency-neutral basis. The stock is currently up $2.46 to $107.68 on 5.12 million shares.

“Fiscal 2015 was an outstanding year for NIKE,” said in a press release Mark Parker, President and CEO, NIKE, Inc. “Our consistent growth is fueled by our connection to the consumer and our ability to deliver innovation at an unprecedented pace and scale. At no time in our history has the growth potential been greater for NIKE.”

The $90.46 billion market cap company reported $5.9 billion in cash vs. $1.07 billion in debt in its most recent quarter.

NKE currently prints a one year return of about 39% and a year-to-date return of around 10%.

The chart below shows where the equity has traded over the last 52 weeks.

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