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Stocks in the News: The Clorox Co (NYSE:CLX), United States Cellular Corporation (NYSE:USM), Hilton Worldwide Holdings Inc (NYSE:HLT)

Stocks in the News: The Clorox Co (NYSE:CLX), United States Cellular Corporation (NYSE:USM), Hilton Worldwide Holdings Inc (NYSE:HLT)
Written by
Joel Najarian
Published on
October 31, 2014
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The Clorox Co (NYSE:CLX) reported better-than-expected financial results for Q1 ended Sept. 30, 2014, and provided earnings guidance for fiscal 2015 in line with Street estimates. Shares are up 2.43% at $101, on track to exceed the 52-week high of $99.81. The manufacturer and marketer of consumer and professional products posted Q1 net income of $90 million or $1.10 per share, compared with the prior-year period's $136 million or $1.05 per share. Revenue was $1.35 billion, up from $1.34 billion in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $1.03 on revenues of $1.33 billion. The Clorox Co (NYSE:CLX) expects fiscal 2015 EPS of $4.35 - $4.50, versus the Street view of $4.43 EPS; it expects revenue to be flat year over year, or up 1% - 3% on currency-neutral basis.United States Cellular Corporation (NYSE:USM) said its Q3 net loss widened relative to last year missing Street estimates while quarterly sales increased to above the consensus. The provider of wireless telecom services reported a Q3 net loss attributable to shareholders of $22.2 million, or $0.26 per diluted share, compared to a loss of $9.9 million or $0.12 per diluted share in the year-ago period. Analysts were expecting a loss of $0.15 per share. Revenues rose to $1 billion from $939.2 million, topping the consensus of $979.8 million."Our top strategic priority this year is to grow our customer base," said Kenneth R. Meyers, United States Cellular Corporation (NYSE:USM) president and CEO, noting that significant progress has been made in the quarter as the company reported positive net additions of 52,000 customers. The company raised its full-year outlook on adjusted income before income taxes to $375 million-$450 million, from $350 million-$450 million, and maintained its guidance on total operating revenues between $3.9 billion and $4.0 billion. USM shares are trading with a 52-week range of $31.79 - $48.69.Hilton Worldwide Holdings Inc (NYSE:HLT) announced Q3 results that beat the Street view on EPS and total revenues, buoyed by an increase in franchise and management fees, and has increased its full-year guidance on EPS. Hilton Worldwide Holdings Inc (NYSE:HLT) reported Q3 adjusted EPS of $0.18, down from $0.22 in Q3 2013 but beating analyst estimates of $0.17. Total revenues of $2.64 billion were up from $2.44 billion in Q3 2013 and topped analyst projections of $2.60 billion.Management and franchise fees were $383 million for Q3, an increase of 16% from the same period in 2013. Revenue per available room (RevPAR) at comparable managed and franchised hotels in the third quarter increased 8.6% from a year ago. Revenues from the ownership segment were $1.08 billion in Q3, an increase of 8% from Q3 2013. The company increased its outlook on adjusted EPS to between $0.69 and $0.71, up from $0.67 and $0.70. For 2015, the company expects system-wide RevPAR to increase between 5% and 7% on a comparable and currency neutral basis compared to 2014. Shares of HLT are at $25.01 within a 52-week range of $20.55 - $25.95.

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