BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

After-hours buzz: HTZ, MAR, P & more

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After-hours buzz: HTZ, MAR, P & more

After-hours buzz: HTZ, MAR, P & more

BUZ INVESTORS  After-hours buzz   which stocks are making moves after the bell

Hertz Global Holdings Reports First Quarter 2017 Financial Results

Hertz Global Holdings, Inc. (HTZ) (NYSE: HTZ) (“Hertz Global” or the “Company”) today reported a first quarter 2017 net loss from continuing operations of $223 million, or $2.69 per diluted share, including $30 million of impairment charges, compared with net loss from continuing operations of $52 million, or $0.61 per diluted share, during the first quarter of 2016. On an adjusted basis, the Company reported a net loss for the first quarter 2017 of $134 million, or $1.61 per diluted share, compared with an adjusted net loss of $67 million, or $0.79 per diluted share, for the same period last year.

Total revenues for the first quarter 2017 were $1.9 billion, a 3% decline versus the first quarter 2016. Loss from continuing operations before income taxes for first quarter 2017 was $294 million versus $76 million in the same period last year. Adjusted Corporate EBITDA for the first quarter 2017 was a negative $110 million, compared to positive $27 million in the same period last year.



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U.S. RENTAL CAR (“U.S. RAC”) SUMMARY
U.S. RAC(1) Three Months Ended
March 31,
Percent
Inc/(Dec)
($ in millions, except where noted) 2017 2016
Total Revenues $ 1,353 $ 1,406 (4)%
Depreciation of revenue earning vehicles and lease charges, net $ 499 $ 419 19%
Income (loss) from continuing operations before income taxes $ (132) $ (22) 500%
Adjusted pre-tax income (loss) $ (116) $ (4) NM
Adjusted pre-tax margin (9)% —% (830) bps
Adjusted Corporate EBITDA $ (104) $ 26 NM
Adjusted Corporate EBITDA margin (8)% 2% (950) bps
Average vehicles 478,000 460,200 4%
Transaction days (in thousands) 32,312 32,742 (1)%
Total RPD (in whole dollars) $ 41.19 $ 42.36 (3)%
Total RPU (in whole dollars) $ 928 $ 1,005 (8)%
Net depreciation per unit per month (in whole dollars) $ 348 $ 303 15%

Marriott International Reports First Quarter 2017 Results Highlights

  • First quarter reported diluted EPS totaled $0.94, an 11 percent increase over prior year results. First quarter adjusted diluted EPS totaled $1.01, a 38 percent increase over first quarter 2016 combined results. Adjusted 2017 first quarter results exclude merger-related costs. Combined 2016 first quarter results assume Marriott’s acquisition of Starwood and Starwood’s sale of its timeshare business had been completed on January 1, 2015;
  • Both North American and worldwide comparable systemwide constant dollar RevPAR rose 3.1 percent in the 2017 first quarter;
  • The company added more than 17,000 rooms during the first quarter, including roughly 3,300 rooms converted from competitor brands and 6,400 rooms in international markets;
  • At quarter-end, Marriott’s worldwide development pipeline increased to more than 430,000 rooms, including roughly 36,000 rooms approved, but not yet subject to signed contracts;
  • First quarter reported net income totaled $365 million, a 67 percent increase over prior year results.  First quarter adjusted net income totaled $395 million, a 36 percent increase over prior year combined results;
  • Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $750 million in the quarter, a 64 percent increase over first quarter 2016 adjusted EBITDA and a 10 percent increase over first quarter 2016 combined adjusted EBITDA;
  • Marriott repurchased 6.7 million shares of the company’s common stock for $575 million during the first quarter.  Year-to-date through May 8, the company repurchased 10.4 million shares for $925 million.

Pandora Media beats by $0.10, misses on revenue

Subscription Growth Re-accelerates, Growing Approximately 20% Year-Over-Year

  • Total subscribers increased to 4.71 million in Q1 2017 from 3.93 million in Q1 2016 , growing approximately 20% year-over-year
  • 1.3 million trial starts across subscription tiers since the Premium launch in mid-March, including more than 500 thousand Premium trial starts
  • Q1 2017 total consolidated revenue was $316.0 million, growing 6% year-over-year
  • Q1 2017 subscription revenue was $64.9 million, growing 19% year-over-year
  • Q1 2017 ticketing service revenue was $27.8 million, growing 25% year-over-year
  • Q1 2017 ad RPMs were $50.87, growing 12% year-over-year

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BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

After-hours buzz: SQ, DATA, FIT & more

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After-hours buzz: SQ, DATA, FIT & more

BUZ INVESTORS After-hours buzz companies making headlines after the bell

BUZ INVESTORS After-hours buzz companies making headlines after the bell

Square beats by $0.13, beats on revenue

Square (NYSE:SQ): Q1 EPS of $0.05 beats by $0.13.

Revenue of $461.55M (+21.7% Y/Y) beats by $10.88M.

Shares +5%.

Square, Inc. (SQ) (NYSE: SQ) has posted its financial results for the first quarter of 2017 on the Financial Information section of its Investor Relations website at square.com/investors.

Square will host a conference call and earnings webcast at 2:00 p.m. Pacific time/5:00 p.m. Eastern time today to discuss these financial results. The domestic dial-in for the call is (888) 349-9618. The Conference ID is 8522233. To listen to a live audio webcast, please visit Square’s Investor Relations website at square.com/investors. A replay will be available on the same website following the call.



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Tableau Software beats by $0.07, misses on revenue

  • Total revenue grew to $199.9 million, up 16% year over year.
  • Ratable license bookings were 26% of total license bookings, compared to 12% in the first quarter of 2016.
  • Closed 294 transactions greater than $100,000, up 10% year over year.
  • Diluted GAAP net loss per share was $0.71; diluted non-GAAP net loss per share was $0.03.

“Customers enthusiastically embraced our subscription licensing offerings in Q1, as reflected in our 26% ratable license bookings mix,” said Adam Selipsky, President and Chief Executive Officer of Tableau. “Subscription reduces risk for our customers, lowers their upfront investment and we expect will lead to higher demand for Tableau over time.”

Fitbit, Inc. 2017 Q1 – Results – Earnings Call Slides

First Quarter 2017 Business Highlights

  • Sold 3 million devices.
  • Launched new product Fitbit Alta HR TM, the world’s slimmest continuous heart rate wrist band with a customizable form factor and an approximate 25% improvement in battery life to 7 days.
  • 36% of the activations in the quarter came from customers who made repeat purchases. Of the repeat purchasers, 40% came from customers who were inactive for 90 days or greater.
  • Launched Sleep Stages to analyze light, deep and REM sleep and Sleep Insights to provide guidance to improve sleep.
  • Launched a new Community section in the Fitbit app, which includes a Feed feature designed to increase engagement and offer users new ways to connect with friends, family, and groups of like-minded individuals. Since launching the feature in March, more than 1 million users have joined a Group and more than 5.2 million users have utilized the Feed, with more than 345 million views of shared posts.

Second Quarter 2017 Guidance

  • Revenue in the range of $330 million to $350 million.
  • Non-GAAP net loss per share in the range of ($0.14) to ($0.17).
  • Adjusted EBITDA loss in the range of ($45) million to ($55) million.
  • Effective non-GAAP tax rate of approximately 43%.
  • Stock-based compensation expense estimated in the range of $24 million to $26 million and share count of approximately 228 million.

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$FIT Fitbit News: Will This Make Things Better for Fitbit Stock

Fitbit News: Will This Make Things Better for Fitbit Stock Buz Investors  Fitbit News (NYSE:FIT) stock has been trying to make a comeback over the last few trading sessions after a disappointing performance in 2016. FIT stock had suffered in the last holiday shopping season, on account of its production issues. The company was in the […]

Fitbit Inc: Is Fitbit Stock Back in the Game for 2017?

Fitbit Inc: Is Fitbit Stock Back in the Game for 2017? Buz Investors Fitbit Stock Back in the Game  (NYSE:FIT) stock surged 8.5% on Tuesday, as there was some good news after a disappointing end to the year 2016. The maker of fitness trackers announced on Tuesday its expanded partnership with UnitedHealthcare (part of UnitedHealth Group […]

FitBit Inc: Should FIT Stock Investors Worry About Patent Disputes?

FitBit Inc: Should FIT Stock Investors Worry About Patent Disputes? Buz Investors FIT Stock Investors Worry (NYSE:FIT) abandoned its patent case against arch-nemesis Jawbone, losing a key battle but perhaps winning the war for the fitness tracking market. The two companies have been at loggerheads for years, a fact which kept Fitbit stock (FIT stock) […]

BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

After-hours buzz: AAPL, TWLO, WTW & more

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After-hours buzz: AAPL, TWLO, WTW & more

After-hours buzz: AAPL, TWLO, WTW & more

Apple Reports Second Quarter Results

Apple® today announced financial results for its fiscal 2017 second quarter ended April 1, 2017. The Company posted quarterly revenue of $52.9 billion and quarterly earnings per diluted share of $2.10. These results compare to revenue of $50.6 billion and earnings per diluted share of $1.90 in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue.

he Company plans to continue to access the domestic and international debt markets to assist in funding the program. The management team and the Board will continue to review each element of the capital return program regularly and plan to provide an update on the program on an annual basis.

Apple is providing the following guidance for its fiscal 2017 third quarter:
• revenue between $43.5 billion and $45.5 billion
• gross margin between 37.5 percent and 38.5 percent
• operating expenses between $6.6 billion and $6.7 billion
• other income/(expense) of $450 million
• tax rate of 25.5 percent

Apple will provide live streaming of its Q2 2017 financial results conference call beginning at 2:00 p.m. PDT on May 2, 2017 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.



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Twilio Announces First Quarter 2017 Results

Twilio Inc. (NYSE: TWLO), the leading Cloud Communications Platform company, today reported financial results for its first quarter ended March 31, 2017.

“We made continued progress across a number of our key initiatives in the first quarter, delivering further product innovation and adding new customers of all types at a rapid pace around the globe,” said Jeff Lawson, Twilio’s Co-Founder and Chief Executive Officer. “While we are seeing some changes in the relationship with our largest customer, our momentum across the business continues to be strong, with a 42% year over year growth in Active Customer Accounts and a 62% year over year growth in Base Revenue during the quarter.”

Weight Watchers Announces First Quarter 2017 Results And Raises Full Year 2017 Guidance

Q1 2017 Business and Financial Highlights

  • End of Period Subscribers in Q1 2017 were up 16.0% versus the prior year period, driven by growth in all major geographic markets. Q1 2017 End of Period Meeting Subscribers were up 10.7% and End of Period Online Subscribers were up 20.1% versus the prior year period.
  • Total Paid Weeks in Q1 2017 were up 12.8% versus the prior year period, driven by growth in all major geographic markets. Q1 2017 Meeting Paid Weeks increased 7.7% and Online Paid Weeks increased 17.0% versus the prior year period.
  • Revenues in Q1 2017 were $329.1 million. On a constant currency basis, Q1 2017 revenues increased 8.7% versus the prior year period.
    • Service Revenues in Q1 2017 were $261.5 million. On a constant currency basis, these revenues increased 8.5% versus the prior year period. This increase was primarily driven by revenue growth in North America and Continental Europe, which was partially offset by revenue declines in the United Kingdom.
    • Product Sales and Other in Q1 2017 were $67.6 million. On a constant currency basis, these revenues increased 9.3% versus the prior year period, primarily reflecting revenue gains in North America.
  • Operating Income in Q1 2017 was $30.2 million compared to $13.6 million in the prior year period. This increase was primarily driven by higher member volumes in the quarter versus the prior year period.
  • Income Tax in Q1 2017 was a benefit of $9.1 million, which reflected a one-time $11.9 million tax benefit related to the previously announced cessation of operations of the Company’s Spanish subsidiary.
  • Net Income in Q1 2017 was $10.7 million compared to a net loss of $10.8 million in the prior year period.
  • Earnings per fully diluted share (EPS) in Q1 2017 was $0.16 compared to a loss of $0.17 in the prior year period.

Certain Items Affecting Year-Over-Year Comparability

  • Q1 2017 results include a tax benefit of $0.18 per fully diluted share that was offset by $0.01 per fully diluted share of expense, both related to the previously announced cessation of operations of the Company’s Spanish subsidiary.

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Twilio Stock Is Only Moments Away from Forging a Bottom

TWLO Stock: Confluence of Indicators BUZ INVESTORS Forging a Bottom  I have been intrigued by Twilio Inc (NYSE:TWLO) since it first went public in June of last year. This cloud-based communications company provides consumers pay-as-you-go applications. The combination of cloud computing and e-commerce should provide a powerful tailwind as both these sectors have been performing extremely well in […]

$AAPL Might Have Ambitions To Launch Internet Satellites

Apple hires two former Google heavy hitters to help its burgeoning satellite program. BUZ INVESTORS   Internet Satellites  A couple of recent high-profile hires indicate that Apple Inc. (NASDAQ:AAPL) is getting serious of launching some type of satellite internet service. The moves may also be tied to its ambitions to create driverless car technologies. Bloomberg has […]

MSFT or AAPL: Who Will Win in the Battle of Apple vs Microsoft

Microsoft Stock vs. Apple Stock  BUZ INVESTORS  Apple vs Microsoft  One of the greatest tech rivalries of all time is heating up. The Microsoft Corporation (NASDAQ:MSFT) and Apple Inc. (NASDAQ:AAPL) saga is long and storied, and has been one of the main driving forces in the computer sector for decades. While the two companies long […]

BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

After-hours buzz: AMD, THC, TXRH & more

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After-hours buzz: AMD, THC, TXRH & more

BUZ INVESTORS  AFTER-HOUS BUZZ which companies are making headlines after the bell on Monday:

BUZ INVESTORS  AFTER-HOUS BUZZ which companies are making headlines after the bell on Monday:

AMD -7.4% as in-line Q1 fails to wow investors

AMD is 7.4% lower postmarket after merely tagging up with Street consensus with its Q1 revenues and profit, though it’s guiding for sequential improvement in sales.

Net operating loss declined to $29M from a year-ago loss of $68M; net loss overall narrowed to $73M from a year-ago loss of $109M. On a non-GAAP basis, operating loss fell to $6M from $55M, and net loss to $38M from $96M.



AFTER-HOUS BUZZ

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Tenet Healthcare +14% after beat, Humana and HCA deals

Alongside a sizable earnings beat, Tenet Healthcare (NYSE:THC) and Humana (NYSE:HUM) have inked a new multiyear agreement in which all of Tenet’s hospitals and hospital-affiliated outpatient centers and employed physicians will be phased back into Humana’s network between June and October.

Texas Roadhouse beats by $0.03, beats on revenue

  • Comparable restaurant sales increased 3.1% at company restaurants and 3.8% at domestic franchise restaurants;
  • Restaurant margin, as a percentage of restaurant sales, decreased 21 basis points to 19.9%, primarily driven by wage rate inflation, partially offset by the benefit of lower food costs;
  • Results for the quarter included a pre-tax charge of $14.9 million ($9.2 million after-tax), or $0.13 per diluted share, related to a previously disclosed legal matter which was settled during March 2017.  The impact of the legal charge was partially offset by a pre-tax charge recorded in the first quarter of 2016 of $5.5 million ($3.4 million after-tax) related to a separate legal matter which had an impact of $0.05 on diluted earnings per share in that quarter;
  • Diluted earnings per share decreased 4.4% to $0.48 from $0.50 in the prior year; and,
  • Six company-owned restaurants and two franchise restaurants were opened.

 

 

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BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

After-hours buzz: AA, ESRX, WHR & more

After-hours buzz: AA, ESRX, WHR & more

BUZ INVESTORS After-hours buzz which companies are making headlines after the bell

BUZ INVESTORS After-hours buzz  which companies are making headlines after the bell

Alcoa, Inc. 2017 Q1 – Results – Earnings Call Slides

  • Net income of $225 million, or $1.21 per share
  • Excluding special items, adjusted net income of $117 million, or $0.63 per share
  • Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), excluding special items of $533 million, up 59 percent sequentially driven by higher alumina and aluminum pricing
  • Revenue of $2.7 billion, up 5 percent sequentially, reflecting increased alumina and aluminum pricing
  • $804 million cash balance and $1.45 billion of debt, for net debt of $0.65 billion, as of March 31, 2017
  • Company continues to expect full-year 2017 adjusted EBITDA, excluding special items, between $2.1 billion and $2.3 billion




After-hours buzz

 

Express Scripts Q1 top line flat; earnings up 4%; non-GAAP EPS guidance raised

Express Scripts (NASDAQ:ESRX) Q1 results ($M): Revenues: 24,654.9 (-0.6%).

Net Income: 546.3 (+3.8%); Non-GAAP Net Income: 805.4 (1.8%); EPS: 0.90 (+11.1%); Non-GAAP EPS: 1.33 (9.0%); CF Ops: 1,000.4 (+33.2%).

Total claims: 252.1 (-1.7%).

2017 Guidance: Non-GAAP EPS: $6.90 – 7.04 from $6.82 – 7.02.

Q2 Guidance: Non-GAAP EPS: $1.70 – 1.74; Total Adjusted Claims: 343M – 353M.

The company’s relationship with Anthem (NYSE:ANTM) has apparently dead-ended. Anthem management has informed ESRX that it has no interest in discussing a continuation of their contract, set to expire on December 31, 2019, despite ESRX offering annual price concessions as high a $1B.

Shares are unchanged after hours on robust volume.

PBS competitor CVS Health (NYSE:CVS) is up 2% after hours on robust volume.

Update: ESRX is down 11% after hours on robust volume.

Whirlpool misses by $0.15, beats on revenue

  • Cash provided by operating activities improved by more than $225 million and free cash flow(3) improved by more than $240 million, compared to the same prior-year period, primarily driven by a strong focus on working capital efficiency initiatives.
  • GAAP earnings per diluted share were $2.01 compared to $1.92 in the same prior-year period, while ongoing business earnings per diluted share(1) (non-GAAP) were $2.50, compared to $2.63 in the same prior-year period.
  • — The EMEA region has been experiencing peak complexity related to the Indesit integration, impacting the region’s supply chain network and product availability. The Company expects second-quarter performance to improve and for that improvement to continue in the second half of 2017.
  • — The Company reaffirms its full-year cash provided by operating activities of $1.7 billion to $1.75 billion and reaffirms its free cash flow guidance of $1 billion.
  • — The Company revises its full-year earnings per share guidance to a range of $12.65 to $13.40 on a GAAP basis and $14.75 to $15.50 on an ongoing basis, driven primarily by temporary integration challenges in the EMEA region.
  • — Consistent with its balanced capital allocation approach, the Company announced a 10% quarterly dividend increase and repurchased $150 million in common stock in the first quarter. The Company intends to continue repurchasing stock throughout the remainder of 2017.

Whirlpool shares slipped more than 2 percent

after a first-quarter earnings miss. The appliance maker reported EPS of $2.50 versus earnings expectations of $2.65 per share. The company posted revenue of $4.79 billion; analysts had expected revenue of $4.75 billion. Whirlpool also cut its 2017 earnings per share guidance to between $14.75 and $15.50, versus expectations of $15.48 per share.




BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

After-hours buzz: V, MAT, OCN & more Insight

After-hours buzz: V, MAT, OCN & more Insight

BUZ INVESTORS After-hours buzz companies are making headlines after the bell on Thursday

BUZ INVESTORS After-hours buzz  companies are making headlines after the bell on Thursday:

Visa higher after earnings, $5B buyback plan

Visa (NYSE:V) reports payments volume growth of 37% to $1.7T in FQ2.

Cross-border volume was up 132% Y/Y during the quarter, inclusive of the new contribution of Visa Europe.

Total processed transactions jumped up 42% to 26.3B.

Services revenue was up 17% to $2.0B.

Visa’s effective tax rate was 28.6% for the quarter.




After-hours buzz

Looking ahead, Visa expects revenue growth of 16% to 18% for the fiscal year on an adjusted basis. Annual operating margin in the mid 60s and an adjusted effective tax rate of around 30% are anticipated.

The company says it will buy back up to $5B worth of it stock.

Inventory overhang whacks bottom line at Mattel

Mattel (NASDAQ:MAT) is down 4.20% in AH trading after the toy company misses estimates with its Q1 report.

Global Barbie sales fell 13% during the quarter, while Fischer-Price sales fell 9%.

The company’s gross margin rate came in at 37.9%, well below the consensus estimate for a mark of 43.1%.

“Results were below our expectations due to the retail inventory overhang coming out of the holiday period,” warns CEO Margo Georgiadis.

“We are confident we have worked through the majority of this overhang and look forward to a strong launch of Disney’s Cars 3 theatrical release in the second quarter,” she adds.

Previously: Mattel misses by $0.15, misses on revenue (April 20)

Sell-side comes to New Residential defense

Sucked into the Ocwen Financial vortex today, New Residential (NYSE:NRZ) was down as much as 13% before closing the regular session off 7.65%.

To review, Ocwen handles the servicing for a sizable number of MSRs owned by New Residential (New Residential takes care of the excess servicing). Presumably, New Residential could move servicing elsewhere were something bad to happen to Ocwen.

Citi came out in defense of NRZ shortly before the close, and now comes FBR’s Jessica Levi-Ribner, telling clients to buy NRZ on the overreaction to the Ocwen news. It’s possible, she says, New Residential has already begun transferring servicing rights to its own name, thus protecting it from counter-party risk.

Source: Bloomberg

Shares are higher by 1% after hours. Ocwen (NYSE:OCN) is up 9.25% after hours, following a 53.9% plunge in the regular sessionLike up on FACEBOOK


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BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

After-hours buzz: $QCOM, $CSX, $AXP & more

After-hours buzz: QCOM, CSX, AXP & more

BUZ INVESTORS After-hours buzz which companies are making headlines after the bell

BUZ INVESTORS  After-hours buzz which companies are making headlines after the bell

Qualcomm +2.9% after Q2 beats on top, bottom lines

Qualcomm (QCOM -0.1%) has turned up after hours, +2.9%, after it beat analyst expectations with Q2 revenues and profits.

Revenues rose 8% Y/Y to $6B, flat with the previous quarter, and net income rose 28% from last year (and 12% Q/Q).

Revenues by segment: QCT, $3.68B (up 10%); QTL, $2.25B (up 5%). Earnings before taxes, by segment: QCT: $475M (up 179%); QTL, $1.96B (up 5%).



After-hours buzz

Growth was solid “especially in the important automotive, networking and IoT growth areas,” says CEO Steve Mollenkopf.

Cash, equivalents and marketable securities were at $28.9B at quarter’s end, vs. a year-ago $30B.

Effective annual income tax rate estimated at 17% for the full year, and 13% for Q2 (15% non-GAAP).

For Q3, it’s guiding to revenues of $5.3B-$6.1B (ranging from a 12% decline to a 1% gain Y/Y) and non-GAAP EPS of $0.90-$1.15 (22% decline to 1% gain). Analyst consensus is for revenues of $5.91B and EPS of $1.10. Guidance is wide due to uncertainty over possible underpayments from Apple contract manufacturers.

CSX +2.5% as coal shipments help boost earnings

CSX +2.5% AH after comfortably beating Q1 earnings expectations on a 9.5% Y/Y increase in revenues to $2.87B, fueled in part by a 3% rise in coal shipments.

CSX says its intermodal business grew 1% during Q1, while the only segment to retreat during the period was its forest products unit, which contracted 1%.

Same store sales pricing improved 3.9%, reflecting gains across all major markets and led by temporal strength in export coal; overall core pricing gained 7% amid increased fuel recovery and a favorable product mix.

CSX says it is making adjustments throughout the company to improve asset utilization, achieve greater operations efficiency and reduce its cost structure under new CEO Hunter Harrison.

AmEx rises 2.2% after earnings beat

Excluding the Costco-related business, adjusted revenue was higher by 7% Y/Y in Q1. Provisions of $573M up 32%. Expenses of $5.5B up 1% thanks to higher rewards costs. ROE of 25.1% up from 23.6%. The tax rate dipped to 32% from 35%.

Adjusted for Costco, cardmember spending rose 8% Y/Y, with loans up 11%.

Management is confident they will deliver on the $5.60-$5.80 full-year EPS outlook.

Previously: American Express beats by $0.06, beats on revenue (April 19)

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BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

After-hours buzz: IBM, LRCX, RARE & more

Dow Jones Industrial Average

BUZ INVESTORS After-hours buzz Wall Street closed in the red on Tuesday with financials among the worst performers

BUZ INVESTORS  After-hours buzz Wall Street closed in the red on Tuesday with financials among the worst performers after weaker-than-expected first-quarter results from Goldman Sachs weighed on sentiment. The Dow Jones lost 114 points, or 0.6 percent, to 20523. The S&P 500 closed 7 points lower, or 0.3 percent, to 2342. The Nasdaq declined by 7 points, or 0.1 percent, to 5849  

The Dow Jones Industrial Average is one of the most closely watched U.S. benchmark indices. It is a price-weighted index which tracks the performance of 30 large and well-known U.S. companies that are listed mostly on the New York Stock Exchange. The Dow Jones Industrial Average has a base value of 40.94 as of May 26, 1896.. This page provides – United States Stock Market (Dow Jones) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Dow Jones Industrial Average – actual data, historical chart and calendar of releases – was last updated on April of 2017.




After-hours buzz

IBM Reports 2017 First-Quarter Results

Continued Strong Growth in Strategic Imperatives Led by IBM Cloud

ARMONK, N.Y. – 18 Apr 2017:

Highlights

• Diluted EPS from continuing operations: GAAP of $1.85; Operating (non-GAAP) of $2.38
• Revenue from continuing operations of $18.2 billion
• Strategic imperatives revenue of $7.8 billion in the quarter, up 12 percent (up 13 percent adjusting for currency)
• Strategic imperatives revenue of $33.6 billion over the last 12 months represents 42 percent of IBM revenue
• Cloud revenue of $14.6 billion over the last 12 months
— Cloud as-a-Service annual exit run rate of $8.6 billion in the quarter, up 59 percent year to year (up 61 percent adjusting for currency)
• Maintains full-year EPS and free cash flow expectations.

Lam Research Corporation Reports Financial Results for the Quarter Ended March 26, 2017

Highlights for the March 2017 quarter were as follows:

  • Shipments of $2.41 billion and revenue of $2.15 billion.
  • U.S. GAAP gross margin of 45.1%, U.S. GAAP operating margin of 25.0%, and U.S. GAAP diluted EPS of $3.10.
  • Non-GAAP gross margin of 46.1%, non-GAAP operating margin of 26.9%, and non-GAAP diluted EPS of $2.80.

NASDAQ:RARE Ultragenyx Pharma +20% on positive results for hypophosphatemia drug test

Ultragenyx Pharmaceutical (NASDAQ:RARE) +19.8% AH on news that its burosumab drug to treat x-linked hypophosphatemia, a genetic kidney disorder, met its primary endpoint in a phase 3 study.

RARE says patients treated with the drug showed a statistically significant improvement in serum phosphorus levels, with 94% of patients achieving normal levels vs. 8% on placebo.

The study was jointly conducted with Japan’s Kyowa Hakko Kirin.

NASDAQ:ISRG Intuitive Surgical Q1 revenues up 13%; EPS up 32%; shares up 4% after hours

Intuitive Surgical (NASDAQ:ISRG) Q1 results ($M): Total Revenues: 674.2 (+13.4%); Instruments and Accessories: 380.8 (+18.2%); Systems: 153.2 (+3.6%); Services: 140.2 (+12.6%).

Net Income: 179.8 (+31.8%); Non-GAAP Net Income: 196.0 (+15.1%); EPS: 4.67 (+31.9%); Non-GAAP EPS: 5.09 (+15.2%).

Shipments of da Vinci systems: 133 (+20.9%).

Consensus view for Q2 is EPS of $4.97 on revenues of $731M.

Shares are up 4% after hours on increased volume.

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After-hours buzz: ULTA, FNSR, ZUMZ & more

Buz Investors After-hours buzz: ULTA, FNSR, ZUMZ & moreThese are the stocks posting the largest moves after the bell.

Buz Investors After-hours buzz: Shares of Ulta fell more than 4 percent during after hours following lighter-than-expected guidance for the first quarter. Even though the beauty retailer posted revenue and earnings that beat estimates for its fourth quarter, Ulta’s projections of $1.24 billion to $1.27 billion in revenue,




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After-hours buzz:

Zumiez shares tanked more than 12 percent during extended trading after the company reported first-quarter guidance that didn’t meet analysts’ expectations.

Finisar shares plunged more than 21 percent during after-hours trade following an earnings and revenue miss for its third quarter. The telecom equipment maker reported earnings

Source: After-hours buzz: ULTA, FNSR, ZUMZ & more