SAN FRANCISCO (MarketWatch) — AutoZone Inc., Workday Inc. and JinkoSolar Holding Co. are among the shares likely to see active trading on Tuesday, with all three companies on tap to report quarterly results the day after Monday’s Memorial Day holiday.
Shares of Durata Therapeutics Inc. DRTX +5.50% may also actively trade Tuesday. The company said late Friday that the U.S. Food and Drug Administration approved the company’s Dalvance antibiotic to treat adults with certain skin infections. Trading in shares of the pharmaceutical company were temporarily halted ahead of the announcement Friday.
AutoZone AZO -0.14% is scheduled to report financial results for its third quarter before the market opens. The automotive replacement parts retailer is expected to report earnings of $8.46 a share on sales of $2.33 billion, according to consensus estimates from FactSet.
AutoZone Inc. reports quarterly results Tuesday.
“We see more upside than downside risk for shares” into the company’s third-quarter earnings report, said Seth Basham, an analyst at Wedbush, in a recent note.
Basham said Wedbush believes “the weather benefits into the summer may be larger than expected based on the hot forecast, the low-end consumer’s health is likely to weaken from poor levels and car demographic headwinds can be partially mitigated by the benefits of industry consolidation.”
Also before the stock market opens on Tuesday, JinkoSolar JKS +3.81% will issue its first-quarter report, with analysts expecting the China-based solar-panel maker to post earnings of 40 cents a share on revenue of $289 million. Earlier this month, the company kept its first-quarter and full-year 2014 guidance intact.
After Tuesday’s market close, Workday Inc. WDAY +1.91% will report first-quarter results, with analysts expecting the business-software maker to report a loss of 15 cents a share on revenue of $152 million.
Qihoo 360 Technology Co. QIHU +1.17% will also report first-quarter results late Tuesday. Analysts predict the Chinese Internet company will post a profit of 31 cents a share on revenue of $230 million.
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Myra Saefong is a MarketWatch reporter based in San Francisco. Follow her on Twitter @MktwSaefong.
SOURCE: http://www.marketwatch.com/story/stocks-to-watch-tuesday-autozone-workday-2014-05-26