Why Are Ctrip.com, Jabil Circuit, CLARCOR, and Two Other Stocks Trending Today?

Jabil Circuit Cuts Outlook for Fiscal 2016

Jabil Circuit, Inc. (NYSE:JBL) reported EPS of $0.17, better than the analysts’ estimates of $0.16 for the fiscal third quarter. Revenue in the quarter was $4.3 billion, up from the expected $4.18 billion. The Florida-based electronics supplier slashed its outlook for the full fiscal year amid lags in its mobility business. The company sees its fiscal 2016 EPS at $1.85, versus the consensus of $2.10, while full-year revenue is expected to amount to $18.2 billion, below the consensus of $18.45 billion. Cliff Asness’s AQR Capital Management is one of the 21 hedge funds from our database having stakes in Jabil Circuit, Inc. (NYSE:JBL) at the end of the first quarter. It has 5.44 million shares of the company.

CLARCOR Beats Estimates

CLARCOR Inc. (NYSE:CLC) has posted EPS of $0.73, better than the analysts’ estimates of $0.68. Revenue of $365 million also topped the estimates of $356.29 million. In a statement, CLARCOR’s CEO Chris Conway said that the company’s performance in the quarter got a boost from the 3M patent litigation settlement award and added that the company is seeing stabilization in agricultural and construction equipment markets, but natural gas filtration business is still experiencing uncertainty. At the end of the first quarter, 11 funds from our database amassed around $92.3 million worth CLARCOR Inc. (NYSE:CLC)’s stock. Mario Gabelli’s GAMCO Investors owns 582,925 shares of the Tennessee based packaging and filtration products maker.

KongZhong’s Revenues Rise

KongZhong Corporation (ADR) (NASDAQ:KZ) reported fiscal first-quarter EPS of $0.54 on $51.44 million in revenue, a 1.8% rise on the year. The Chinese entertainment services provider said in a statement that it will continue to concentrate on internet and mobile games, similar to its famous military genre online game platform “War Saga”. Ernest Chow and Jonathan Howe’s Sensato Capital Management is one of the four funds tracked by us that own shares of KongZhong Corporation (ADR) (NASDAQ:KZ) as of the end of March.

Disclosure: None