Morning Call For February 27, 2015

MasTec (MTZ -0.96%) reported Q4 adjusted EPS of 40 cents, above consensus of 38 cents.

Bio-Rad (BIO +0.91%) reported Q4 EPS of $1.34, higher than consensus of $1.18.

Tutor Perini (TPC -0.73%) reported Q4 EPS of 56 cents, weaker than consensus of 71 cents, and then lowered guidance on fiscal 2015 EPS to $2.20-$2.50, well below consensus of $2.89.

Mentor Graphics (MENT -2.73%) reported Q4 EPS of $1.09, better than consensus of $1.07.

Ingram Micro (IM -0.04%) reported Q4 EPS of 98 cents, less than consensus of 99 cents.

Herbalife (HLF +3.45%) reported Q4 adjusted EPS of $1.41, better than consensus of $1.22, but then lowered guidance on fiscal 2015 adjusted EPS to $4.10-$4.50, well below consensus of $5.08.

J.C. Penney (JCP +1.45%) dropped over 11% in after-hours trading after it reported Q4 adjusted EPS of 0 cents, well below consensus of 11 cents.

Monster Beverage (MNST +0.77%) gained over 4% in after-hours trading after it reported Q4 EPS of 72 cents, well above consensus of 59 cents.

Autodesk (ADSK -1.61%) reported Q4 EPS of 25 cents, above consensus of 24 cents, but then lowerd guidance on fical 2016 EPS to $1.05-$1.20, below consensus of $1.32.

Ross Stores (ROST +0.60%) jumped nearly 5% in after-hours trading after it reported Q4 EPS of $1.20, higher than consensus of $1.11, and then announced a new $1.4 billion stock repurchase program.

The Gap (GPS +0.20%) rose nearly 3% in pre-market trading after it reported Q4 EPS of 75 cents, better than consensus of 74 cents, and then announced a $1 billion share repurchase program.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.15%) this morning are down -2.50 points (-0.12%). The S&P 500 index on Thursday closed lower: S&P 500 -0.15%, Dow Jones -0.06%, Nasdaq +0.49%. Negative factors included (1) the +31,000 increase in U.S weekly initial unemployment claims, more than expectations of +7,000, (2) the +0.3% increase in Jan durable goods orders ex-transportation, weaker than expectations of +0.5%, and (3) weakness in energy producers as crude oil fell.

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Disclosure: None.

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