Adobe reported 2nd Quarter earnings of $1.83 per share on revenue of $2.7 billion. The consensus earnings estimate was $1.78 per share on revenue of $2.7 billion. Revenue was up 25% year over year. The company said it expects third quarter non-GAAP earnings of approximately $1.95 per share on revenue of approximately $2.80 billion. The … Continue reading No Slow Down at Adobe
Probably should have! Broadcom's predictions seem to be at odds with the rest of the semi industry. Most chip companies lowered full year guidance last quarter, Broadcom maintained their guidance. Then after other chip companies are predicting a 2nd half recovery, Broadcom today reduces their full year revenue guidance. Perhaps to be in line with … Continue reading Could You See Broadcom’s Miss Coming?
Vegetarian doesn't have to look like a yogurt bowl anymore... Beyond Meat reported a Quarter March 2019 ($0.14) per share on revenue of $40.2 million. The consensus estimate was a loss of ($0.14) per share on revenue of $38.7 million. The company said it expects 2019 revenue to exceed $210.0 million. The current consensus estimate … Continue reading Beyond Meat & Zoom
Abercrombie & Fitch reported a 1st Quarter April 2019 loss of $0.29 per share on revenue of $734.0 million. The consensus estimate was a loss of $0.43 per share on revenue of $733.1 million. ANF expects second quarter revenue of $842.4 million to $859.3 million and continues to expect fiscal year revenue of $3.66 billion … Continue reading Abercrombie and Dick’s report
Pinterest is down big this morning after issuing weaker than expected guidance on future revenue. The company expects 2019 revenue of $1.055 billion to $1.080 billion. The estimates were for $1.09 billion. They did beat on current revenue, but I guess missed on earnings... they reported a loss of $0.33 per share on revenue of … Continue reading PINS and NVDAs…. and Applied Materials
Cisco Systems reported 3rd Quarter April 2019 earnings of $0.78 per share on revenue of $13.0 billion. The consensus earnings estimate was $0.77 per share on revenue of $12.9 billion. Revenue grew 4.0% on a year-over-year basis. Cisco expects fourth quarter earnings of $0.80 to $0.82 per share on revenue of $13.42 billion to $13.68 … Continue reading Cisco Beats
Let's start off with Symantec ... 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 … Continue reading Earnings Season Wrapping Up
The Trade Desk reported $0.49 per share handily beating estimates of $0.25 a share. Revenue also beat, $121 million vs $117 million expected. Revenue grew 41.2% year over year. They also raised guidance! The company said it expects second quarter revenue of approximately $154.0 million and now expects 2019 revenue of at least $645.0 million. … Continue reading The Trade Desk… Not a Good Day to be in Bed with China
Lyft reported a meager loss of $47.13 per share on revenue of $776 million. Yes the decimal is in the right place. I had to double and triple check that! The consensus was for a loss of $4.74 per share on revenue of $744.1 million. So They beat on revenue at least, but those losses... … Continue reading Lyft Falls
Arista Networks reported $2.26 per share on revenue of $595.4 M beating estimates of $2.07 per share on revenue of $594.2 M. Revenue rose 26% year over year. All well and good on the earnings, but then they lowered guidance. Second quarter revenue is now expected between $600-610 M, barely rising over first quarter and … Continue reading Earnings Fallout
