Snap reported a 2nd Quarter June 2019 loss of $0.06 per share on revenue of $388.0 million. The consensus estimate was a loss of $0.10 per share on revenue of $358.5 million. Revenue grew 48.0% on a year-over-year basis. The company said it expects third quarter revenue of $410.0 million to $435.0 million. The current … Continue reading Oh Snap!
The relationship between dividends and earnings on the S&P 500 Index. U.S. companies are showing the kind of confidence that points toward a rebound in earnings growth. Payouts increased 7.5% on a per-share basis from Sept. 30 through Friday even though profit only rose 1.1%, according to data compiled by Bloomberg. So far, companies seem … Continue reading Dividends and Earnings
Expecting the S&P 500 Index to build on Monday’s 0.8% advance through the rest of this quarter may be wishful thinking, based on history. The index had its worst performance in the third quarter between 1980 and 2018. Gains in the third quarter averaged 0.3%, far below the comparable figures of 2.6% for the first … Continue reading Earnings
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