Let's take a look at a few companies that humbled the pros over the past few trading days.
We can start with Lennar Corporation (NYSE:LEN). The homebuilder saw its quarterly profit more than triple to $0.26 a share. Analysts were only holding out for net income of $0.15 a share.
Is anyone really surprised that a real estate developer is rocking these days? Home prices are firming, and mortgage rates remain at attractive levels. Even a laggard -- Lenner peer KB Home (NYSE:KBH) -- came through with a much smaller deficit than Wall Street was forecasting.
The news should get even better for Lennar Corporation (NYSE:LEN) in the coming quarters, as new orders surged 34% to 4,055 homes.
We also have Horizon Pharma Inc (NASDAQ:HZNP) besting the pros. The young drugmaker posted an adjusted loss of $0.34 a share, well short of both the $0.97 a share it posted a year earlier and the $0.47 a share that Wall Street was modeling.
Horizon Pharma Inc (NASDAQ:HZNP) is just starting to gain traction on its two marquee drugs targeting therapeutic needs in arthritis, pain, and inflammatory diseases. Horizon Pharma Inc (NASDAQ:HZNP) just initiated the full commercial launch of Rayos to rheumatologists and key primary care physicians last month, and Duexis saw its total prescriptions spike 57% sequentially during the period.
Finally, we have Adobe Systems Incorporated (NASDAQ:ADBE) moving nearly 4% higher on the week after posting encouraging fiscal results. The desktop publishing software giant's quarterly net income of $0.35 a share landed well ahead of the $0.31 a share that the prognosticators were expecting. Wall Street does see revenue and profitability declining at Adobe this year. These aren't the best of times for the software giant. Flash is losing support as a video standard. Photoshop remains the premium photo-editing product of choice, but a growing number of free cloud-based solutions are wooing penny-pinchers and mainstream users who don't need Adobe's firepower.
The article 3 Stocks That Blew the Market Away originally appeared on Fool.com.
Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Adobe Systems.
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