Let’s start off with Symantec SYMC 20.61 +0.19 +0.93%… reported $0.39 per share on revenue of $1.2 billion vs estimate of $0.41 per share on revenue $1.2 Billion. They also lowered future guidance down to $0.30-$0.34 on revenue of $1.175-$1.205 billion, and full year $1.65 to $1.80 per share on revenue of $4.76 billion to $4.90 billion. Estimates were $0.40 per share on revenue of $1.20 billion for the quarter ending June 30, 2019 and $1.78 per share on revenue of $4.98 billion for the year ending March 31, 2020.
They also announced that CEO and President Greg Clark has resigned which along with a bad report sent the stock down over 13% after hours. Let’s be honest, I haven’t used or heard of anyone using a Symantec product in a long time. They’re clunky, intrusive, I wouldn’t install them on any computer I have management over.
DBX 24.51 +0.81 +3.42% reported $0.10 per share on revenue of #385.6 million vs estimates of $0.06 per share on revenue of $381.4 million. Revenue was up 21.9% year over year. They also raised guidance slightly, but not higher than current estimates.
BKNG 1,944.33 -89.77 -4.41% is up this morning on a slight miss on earnings. They reported $11.17 per share on revenue of $2.8 billion, estimates were $11.26 per share on revenue of $2.9 billion. Additionally revenue fell 3.1% year over year. Future estimates are also down. The company said it expects second quarter earnings of $22.15 to $22.60 per share on revenue of approximately $3.71 billion to $3.78 billion. The current consensus earnings estimate is $22.69 per share on revenue of $3.80 billion for the quarter ending June 30, 2019.
Despite all this the company is in positive territory this morning. One of the positives was room nights came in above estimates. Expectations were not high and the stock has significantly lagged the market this year.