Western Digital Beats On Q4 Earnings And Revenues
Western Digital Corp. (WDC – Free Report) reported fourth-quarter fiscal 2017 non-GAAP earnings (including stock-based compensation) of $2.63 per share, which beat the Zacks Consensus Estimate by 12 cents. Excluding stock based compensation, non GAAP earnings were $2.93 per share as compared with $1.03 reported in the year-ago quarter. The figure was much better than management’s guided […]
Starbucks Reports Record Q3 Financial And Operating Results
Q3 Comp Store Sales Up 5% in the U.S. and Americas, 7% in China and 4% Globally Consolidated Net Revenues Up 8% to Q3 Record $5.7 Billion GAAP Earnings Per Share Total $0.47; Non-GAAP Earnings Per Share Expand to $0.55 Company to Assume Full Ownership of East China JV and Operate all Stores in Mainland […]
Electronic Arts’ Q1 Earnings Beat, Revenues Grow Y/Y
Electronic Arts (EA – Free Report) reported first-quarter fiscal 2018 results, wherein the company’s adjusted earnings of 36 cents per share easily beat the Zacks Consensus Estimate of 14 cents. Revenues (excluding deferred revenues) came in at $775 million compared with $682 million in the year-ago quarter. The Zacks Consensus Estimate stood at $765.9 million. Per EA, total […]
Dillards Short Squeeze Makes LBO Less Likely Near-Term
It has been a little more than two months since my multi-part series on retailers highlighted the low valuations and negative sentiment on various companies, including department store chain Dillard’s (DDS). In recent weeks the stock has soared, in part due to speculation that a massive short squeeze could be imminent. It looks like we are […]
VIX Hits A Record Low
VIX With An 8 Handle The VIX seems to keep reaching unprecedented levels. I guess it’s fair to say this is expected because the short VIX trade has been very popular as traders feel it’s a way to mint free money. Personally, I think it’s better to sell some of your stocks instead of buying […]
Blue Chip Stocks In Focus: Altria
It seems impossible to mention the words ‘blue chip’, without also mentioning Altria Group (MO). It has a strong business model, and pays one of the most rock-solid dividends in the entire stock market. Technically, Altria is not a Dividend Aristocrat. The Aristocrats are a group of 51 stocks in the S&P 500 Index, with […]
‘I Come Back To You Now’: Kolanovic Returns, Everyone Panics
Well, it would be virtually impossible to come up with a better clip than this one to sum up today’s action in the US: As detailed here earlier, JPMorgan’s own Marko Kolanovic, known affectionately as “Gandalf” appears to have triggered a rather abrupt turn in sentiment at 12:30 EST when his latest note began circulating among traders. […]
Dr Pepper Snapple (DPS) Q2 Earnings Lag, Sales Top Estimates
Plano, TX-based Dr Pepper Snapple Group Inc. (DPS – Free Report) recently reported second-quarter 2017 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. Earnings & Revenues Second-quarter adjusted earnings per share of $1.25 missed the Zacks Consensus Estimate of $1.28 by 2.3%. Earnings were flat on a year-over-year basis. Dr Pepper Snapple’s net sales […]
Intel Corporation 2Q 17, First Solar, Inc. 2Q 17 Earnings Reported
Intel (INTC) 2Q 17 earnings and First Solar (FSLR) 2Q 17 earnings were released after closing bell tonight. Intel reported non-GAAP earnings of 72 cents per share on $14.8 billion in revenue, while analysts had expected non-GAAP earnings of 68 cents per share on $14.4 billion in revenue. In last year’s second quarter, the chip maker reported […]
J.D Power And LMC Estimate July Auto Sales Down Five Percent, Time In Inventory Highest Since 2009
July auto sales based on mid-month totals look grim despite record incentives. Industry analysts J.D Power and LMC estimate U.S. July auto sales down 5 percent. Declining sales will pad the already large inventory numbers piling up on dealers lots. DETROIT (Reuters) – U.S. auto sales in July likely fell a little more than 5 […]
