Market Overview

Top Trending Tickers On StockTwits For February 13

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Angie's List Shares Tumble On Weak Q2, Outlook; Analysts Slash Estimates
Yodle Faces Hurdles in Bid to Conquer Local Ad Market (Fox Business)

Here's a look at the top tickers trending on StockTwits.com

Comcast confirms bid for Time Warner

Comcast (NASDAQ: CMCSA) has confirmed reports that it has offered $45.2 billion, or approximately $158.82 a share, to acquire Time Warner Cable.

The deal would generate $1.5 billion in savings and will be accretive to Comcast's cash flow and will create a cable TV monster with 30 million subscribers.

The merger would face serious regulatory hurdles but Comcast remains confident that the transaction would be finalized by the end of the year.

Shares of Comcast were trading lower by 1.68 percent in the pre market session while Time Warner was trading higher by 9.5 percent.

Himax: Revenue beat

This morning, Himax Tech (NASDAQ: HIMX) reported its fourth quarter results. The company announced an EPS of $0.10, in-line with the consensus estimate. Revenue of $195.2 million beat the consensus estimate of $193.31 million. Net income for the quarter rose 7.2 percent from the same quarter last year to $15.8 million. The company maintained a positive full year 2014 outlook and expects to continue revenue and earnings growth.

"A couple of years ago in 2011, our fourth quarter marked the transition point of our business," said Jordan Wu, President and Chief Executive Officer of Himax. “In 2011 we announced that our fourth quarter began a turning point in the diversification of our product lines and customer bases. After nine successful quarters reporting to our shareholders on this strategy, we are happy that 2013 was another successful year for Himax. This accomplishment illustrated the successful execution of our long-term growth strategies to diversify our customer base as well as product portfolio. Looking into 2014, we are seeing strong fundamentals across all our business segments and we are positive about our full year outlook for continued revenues and earnings growth.

Shares were trading flat in the pre-market session.

Angie's List: EPS miss, poor guidance

After the market closed yesterday, Angie's List (NASDAQ: ANGI) reported its fourth quarter results. The company announced an EPS of $0.05, falling well short of the consensus estimate of $0.13. Revenue of $68.8 million beat the consensus estimate of $68.5 million. Net income for the quarter was $2.8 million, compared to a net income of $2.4 billion in the same quarter last year.

Angie's List issued guidance and said its first quarter revenue will be $71.5 million to $72.5 million, below the consensus estimate of $74.1 million.

"We made investments across the business in 2013 to grow our membership and service provider base and develop innovative products and tools to ease the challenges our members face in fulfilling their local service needs," said Tom Fox, Chief Financial Officer of Angie's List. "We are very pleased with our continued operating leverage progress and the significant improvement in our cash generation. Looking ahead, we will continue to invest to drive growth in the business with a keen focus on products that enhance the experience for both members and service providers."

Investors are reminded that Citron Research has published bearish reports on the company in the past.

$Angi shareholders should read last paragraph http://t.co/iLS9vm8en6 no background checks- Great idea Angi

— Citron Research (@CitronResearch) July 16, 2013

Shares were trading lower by 19.5 percent in the pre-market session.

Generac Holdings: Strong EPS beat

This morning, Generac Holdings (NASDAQ: GNRC) reported its fourth quarter results. The company announced an EPS of $1.11, beating the consensus estimate of $0.86. Revenue of $376.2 million beat the consensus estimate of $361.12 million. Net income for the quarter totalled $48.5 million, as compared to $28.3 million for the same period in 2012.

“2013 was another great year for Generac that helped drive a third consecutive year of record revenues with a compounded annual growth rate of 36% since implementing our Powering Ahead strategy three years ago,” said Aaron Jagdfeld, President and Chief Executive Officer of Generac Holdings. “Once again we experienced strong growth across all regions of the United States, as home standby generators further gain in popularity and the Generac brand is increasingly recognized as the leading name in backup power. The secular penetration themes that drive our business continue to play out for our residential and C&I products as we made significant progress on several initiatives to extend awareness for standby generators, leading to further growth.”

Shares were trading higher by 7.25 percent in the pre-market session.

Pepsi: Refreshing earnings

This morning, PepsiCo (NYSE: PEP) reported its fourth quarter results. The company announced an EPS of $1.05, beating the consensus estimate of $1.01. Revenue of $20.12 billion missed the consensus estimate of $20.16 billion. Net income for the quarter rose five percent from the same quarter in 2012 to $1.754 billion. Organic volume was up three percent for the Snacks division and one percent for beverages.

Pepsi said that it will maximize shareholder value by retaining the North American beverage business in its current structure and will raise its dividend payout rate to $2.62 a share and raise its buyback program to close to $5 billion.

"We are pleased to report that PepsiCo achieved its financial goals for 2013, despite continued challenging and volatile macroeconomic conditions around the globe,” said Indra Nooyi, Chairman and Chief Executive Officer of Pepsi. “We met or exceeded our organic revenue, cash flow, productivity, and core operating margin, constant currency EPS, and net ROIC targets and, at the same time, continued to invest in our brands, innovation and execution to strengthen the long-term health of our business.”

Shares were trading lower by 0.58 percent in the pre-market session.

Posted-In: Angie's List Citron Research Comcast Generac Holdings Himax Indra Nooyi Jordan WuNews Best of Benzinga

 

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