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Trader's Watch List: Regal Entertainment Group (NYSE:RGC), Amkor Technology, Inc. (NASDAQ:AMKR), Crocs, Inc. (NASDAQ:CROX)

Trader's Watch List: Regal Entertainment Group (NYSE:RGC), Amkor Technology, Inc. (NASDAQ:AMKR), Crocs, Inc. (NASDAQ:CROX)
Written by
Joel Najarian
Published on
October 28, 2014
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Regal Entertainment Group (NYSE:RGC) posted mixed financial results for Q3, or the quarter ended Sept. 25, 2014, with better-than-expected earnings, and revenue that fell short of analysts' expectations. Shares are trading with a 52-week range of $17.87 - $21.56. The theater exhibition operator reported Q3 net income of $26.7 million or $0.17 per share, compared with the prior-year period's $75.1 million or $0.48 per share. Adjusted earnings was $0.18 per share, versus $0.38 per share in the same quarter the previous year. The Capital IQ analyst estimate is for $0.15 EPS. Revenue was $693.8 million, down from $813.1 million in the same quarter last year. Analysts were expecting revenue of $723.58 million. Regal Entertainment Group (NYSE:RGC) also announced today that its board of directors has authorized the exploration of strategic alternatives to enhance shareholder value, which may include a potential sale of the company.Amkor Technology, Inc. (NASDAQ:AMKR) reported Q3 EPS of $0.20, below the analyst consensus of $0.24 per share on Capital IQ. Sales were $813 million, below expectations of $840.1 million. "We delivered record sales this quarter, driven by gains in the mobile device market," said Steve Kelley, Amkor's president and chief executive officer. "Sales grew 6% sequentially and year-over-year, following 10% sequential growth in the second quarter. We had expected even stronger growth in Q3, but fell short of our goal, primarily due to reduced demand for high-end Android smartphones.""Looking ahead to the fourth quarter, we see growth in mobile communications, offset by seasonal declines in the consumer, computing and industrial end markets," noted Kelley. Amkor Technology, Inc. (NASDAQ:AMKR) is forecasting Q4 sales of $755 to $805 million, below the Street view of $853 million. Earnings are seen at $0.07 to $0.17 per share. The Street expects earnings of $0.25 per share. For the full year, it sees sales of $3.03 to $3.08 billion, vs. expectations of $3.15 billion.Crocs, Inc. (NASDAQ:CROX) reported Q3 adjusted EPS of $0.30 per share on revenue of $302.4 million, vs. year ago results of $0.18 per share in earnings on revenue of $288.5 million. The analyst consensus called for earnings of $0.14 per share on a non-GAAP basis and revenue of $296.6 million. For Q4, the company is targeting GAAP revenue of about $200 to $210 million. The Street stands at $226 million.Crocs, Inc. (NASDAQ:CROX) President Andrew Rees said, "Revenues in the quarter were in line with our expectations in three out of four regions. Despite unfavorable exchange rates, we saw 13% year-over-year revenue growth in Europe, with the greatest part of that coming from strong wholesale channel performance. In the Americas, we saw a 10% revenue rise, as U.S. same-store sales trends began to improve in the back half of the quarter. Revenue declined slightly in Asia, where results were substantially impacted by weaker performance in our China wholesale and retail businesses. While Internet sales increased slightly in Japan, revenue for the region was down 9% overall due to weak retail same-store sales, lower at-once demand and continued weakness in the Yen."

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