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Stocks in Focus - Mastercard Inc (NYSE:MA), Avon Products, Inc. (NYSE:AVP), Iron Mountain Incorporated (NYSE:IRM)

Stocks in Focus - Mastercard Inc (NYSE:MA), Avon Products, Inc. (NYSE:AVP), Iron Mountain Incorporated (NYSE:IRM)
Written by
Joel Najarian
Published on
October 30, 2014
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Mastercard Inc (NYSE:MA), the payments-processing company reported higher Q3 earnings that surpassed analysts' expectations as revenue also rose more than expected, boosted by strong growth in gross dollar volume. Net income climbed to $1.02 billion, or $0.87 per diluted share, from $879 million, or $0.73 per diluted share, a year earlier. Mastercard Inc (NYSE:MA) noted acquisitions diluted its EPS by $0.02 per share; excluding that effect, it would have earned $0.89 per share in the latest quarter. Analysts polled by Capital IQ were looking for a profit of $0.78 per share. Net revenue rose 13% to $2.50 billion, above the Street's consensus estimate of $2.45 billion. The company posted a 12% increase in gross dollar volume, on a local currency basis, to $1.2 trillion, while cross-border volume jumped 15% and processed transactions climbed 10%.Avon Products, Inc. (NYSE:AVP), a beauty product company, reported Q3 results that beat the Street view on EPS but missed slightly on total revenues. The company reported Q3 adjusted EPS of $0.23 up from $0.14 in Q3 2013 and beating analyst estimates of $0.16 for the quarter. Total revenues of $2.13 billion were down from $2.32 billion in Q3 2013 and missed analyst projections of $2.15 billion. Over the past 52 weeks, Avon Products, Inc. (NYSE:AVP) has traded between $10.95 and $22.57.Iron Mountain Incorporated (NYSE:IRM) shares edged lower Thursday, after the the document-storage and data-backup company reported Q3 adjusted earnings below analysts' view despite higher-than-expected revenue, and lowered its earnings guidance for 2014 while forecasting 2015 adjusted earnings below the Street consensus. Iron Mountain Incorporated (NYSE:IRM) was down 0.5% at $35.47 in recent trading, in a 52-week range of $25.52 to $37.10. Net income attributable to the company tumbled to just $66,000, or break-even earnings per share, from $3.8 million, or $0.03 per share, a year earlier. When adjusted to exclude one-time items, its earnings per share declined to $0.35 from $0.43, missing the $0.40 expected on average by analysts polled by Capital IQ. Total revenue climbed 3.6% to $782.7 million, above the Street's consensus estimate of $780.1 million.The company cut its outlook for 2014 adjusted EPS to reflect a stock distribution and the impact of foreign-currency exchange rates, now seeing $1.33 to $1.44, below its prior view of $1.37 to $1.52. The Street's latest estimate was $1.44. It narrowed its revenue guidance for 2014 to a range of $3.10 billion to $3.15 billion, from its prior forecast of $3.09 billion to $3.17 billion. Analysts recently were projecting $3.13 billion. For 2015, it gave preliminary guidance for revenue of $3.14 billion to $3.29 billion and adjusted EPS of $1.23 to $1.38. Analysts had been forecasting $3.18 billion and $1.46, respectively.

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