3 of Thursday’s Biggest Earnings Reports
3 of Thursday's Biggest Earnings Reports
The Trump rally has helped push the broad markets to new highs, and with earnings season just around the corner we can find out if this rally is fundamentally sound. But in the meantime there are a few other major companies reporting that might give us an … Continue reading at 247wallst.com
Constellation Brands reports improved Q3 earnings, as beer sales increase 16%
Shares of Constellation Brands Inc. STZ, +2.09% rose a little more than 1% after the beer, wine and spirits company reported improved third quarter revenue and profit. Net income for the quarter was $ 406 million, or $ 1.98 per share, which is up 50% … Continue reading at marketwatch.com
Walgreens Reports In Line Earnings, Revenue Miss
The Deerfield, Ill.-based company reported earnings of $ 1.10 per share, which was a penny higher than street consensus. Stock futures move slightly lower on Thursday morning after the latest data shows private sector jobs increase in December, though not … Continue reading at thestreet.com
BRIEF-Park Electrochemical reports Q3 earnings per share
IBB Biotech ETF: Large-Cap Earnings Could Be Upside Catalyst
Upcoming fourth-quarter 2016 earnings reports by large-cap biotechs may provide a potential near-term upside catalyst for IBB. The iShares Nasdaq Biotechnology ETF (NASDAQ:IBB), which tracks the total return performance of the Nasdaq Biotechnology Index … Continue reading at seekingalpha.com.09
* Q3 sales $ 26.46 million versus $ 34.32 million * Q3 earnings per share $ 0.09 Source text for Eikon: Further company coverage: Next In Market News Continue reading at reuters.com
Why Owens Corning (OC) Could Beat Earnings Estimates Again
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, OC has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of … Continue reading at investorplace.com
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Sexual Orientation And Earnings: How Being In Partnership Matters - Analysis
These studies frequently find large earnings differences. Partnered gay men earn significantly less than partnered heterosexual men, and partnered lesbian women earn significantly more than partnered heterosexual women. When individual level self-reports … Continue reading at eurasiareview.com
How Favorably Do Analysts Perceive MFA Financial, Inc. (NYSE:MFA) Shares Ahead of Earnings?
Analysts are forecasting that MFA Financial, Inc. (NYSE:MFA) is going to report earnings of $ 0.2 per share. The actual numbers will be released when the company reports earnings on or around 2017-02-16. Before we delve into the numbers, let's look at … Continue reading at consumereagle.com
Q.E.P. Co., Inc. Reports Fiscal 2017 Nine Month and Third Quarter Sales and Earnings
BOCA RATON, Fla., Jan. 05, 2017 (GLOBE NEWSWIRE) — Q.E.P. CO., INC. (OTC:QEPC.PK) (the "Company") today reported its consolidated results of operations for the first nine months and third quarter of its fiscal year ending February 28, 2017. The … Continue reading at globenewswire.com
Flanigan’s Reports Earnings
*includes after tax write-off of approximately $ 138,000 as the un-depreciated value of a small residence adjacent to the parking lot where our combination package liquor store and restaurant located at 4 N. Federal Highway, Hallandale Beach, Florida … Continue reading at prnewswire.com
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On Monday, Greece reached an agreement with its creditors. Greece's parliament, however, had to pass into law strict reform measures before Thursday. Markets were up big on the news, with the Dow Industrials closing up 217 points.
On Tuesday, retail sales for June were disappointing coming in at -.3%, compared to the previous month's 1.2% gain. Despite this, the Dow Industrials closed the day up 75 points.
On Wednesday, the producer price index for June was up .4% month-to- month and down .7% year-to-year. Industrial production for June was up .3% and capacity utilization increased .2% to 78.4%. Fed Chair Janet Yellen testified before lawmakers and she said the economy is close to where it needs to be in order to raise rates, probably this year.
On Thursday, markets were greeted by some solid earnings reports, and also the news that the Greek parliament had passed the bailout agreement. Jobless claims for the week ending July 11th fell 15,000 to 281,000. Markets rallied on all the good news, with NASDAQ closing at a record high.
On Friday, the consumer price index for June was up .3%, in line with expectations, and housing starts for June increased by 9.8% while construction permits have increased by 7.4%. Markets were mixed on the news.
Now let's take a look at some stocks.
Micron Technology, Inc. shares ended Tuesday up 11% after it was reported that China-based Tsinghua Unigroup is preparing a billion takeover offer for the company. Micron, in the end, decided against the deal and turned down the offer. Share prices remained relatively high even after Micron nixed the deal.
Intel Corporation shares were slightly up on Thursday after their second quarter earnings beat expectations. Intel reported net income of .7 billion or .55 per share; analysts expected earnings of only .50 per share. CFO Stacy Smith also stated that the company now makes 40% of their revenue and 70% of their operating profit from their data center processors, thus signaling that Intel is no longer dependent on their personal computers, which was suppressing earnings.
Amazon.com Inc. shares rallied this week in anticipation of their Amazon Prime day. On Prime Day, July 15, Amazon was able to beat their previous highest order rates which they experienced on Black Friday of last year. By noontime on July 15, Amazon's third party same-store sales had
increased by nearly 80% relative to the previous year.
Netflix, Inc. shares soared more than 18% on Thursday following a 7 for 1 split of their stock and the release of their second quarter earnings. The report showed remarkable growth in the company's
subscriber's base, gaining 3.28 million subscribers, growing their total subscriber count to 65.5 million. It was noted that overseas demand was especially strong.
Tesla Motors, Inc. stock pulled ahead this week after the company's CEO, Elon Musk, expressed that he was optimistic and confident that their SUV, the Model X, will be able to double their annual sales. Tesla also announced that they will begin selling their Model X in China during the first half of 2016.
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