Market Overview

Top Trending Tickers On StockTwits For February 28

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

3D Systems: Investors positive following EPS and revenue misses

This morning, 3D Systems (NYSE: DDD) reported its fourth quarter results. The company announced an EPS of $0.19, missing the consensus estimate of $0.20. Revenue of $154.8 million missed the consensus estimate of $154.98 million. Net income for the quarter totaled $11.22 million compared to $10.91 million in the same quarter last year. Gross margin profit for the quarter remained flat compared to last year at 53 percent.

3D Systems recorded solid growth in all product categories compared to the same quarter last year. 3D printers and other products revenue grew 76 percent, print materials revenue grew 39 percent, services revenue grew 33 percent, healthcare revenue grew 67 percent and consumer solutions revenue grew 162 percent.

3D Systems issued guidance and expects its 2014 revenue to be in a range of $680 million to $720 million versus a consensus estimate of $698.41 million. The company expects its EPS to be in a range of $0.73 to $0.85, versus a consensus estimate of $0.80.

Shares were trading higher by 2.12 percent in the pre-market session.

Salesforce.com: Shares flat following yesterday's earnings

Last night, Salesforce.com (NYSE: CRM) reported its fourth quarter results. The company announced an EPS of $0.07, beating the consensus estimate of $0.06. Revenue of $1.15 billion beat the consensus estimate of $1.13 billion. Net loss for the quarter rose to $116.62 million from $20.84 million in the same quarter last year. The company's increased spending continues to pressure margins as operating expenses rose 45 percent year over year to $975.5 million which exceeded revenue growth of 37.8 percent in the same time period.

Salesroce announced that its CFO Graham Smith is retiring from the company in 2015 after spending six years with the company.

Salesforce issued guidance and sees its first quarter revenue to be $1.205 billion to $1.21 billion, ahead of the consensus estimate of $1.19 billion. EPS is guided to be $0.09 to $0.10, roughly in-line with the consensus estimate of $0.10. For full year fiscal 2015 the company sees its revenue to be in a range of $5.25 billion to $5.3 billion, ahead of the consensus estimate of $5.21 billion. The company guided its EPS to be $0.48 to $0.50, roughly in-line with the consensus estimate of $0.50.

Shares were trading higher by 0.82 percent in the pre-market session.

Deckers Outdoor: Disappointing guidance

Last night, Deckers Outdoor (NASDAQ: DECK) reported its fourth quarter results. The company announced an EPS of $4.04, beating the consensus estimate of $3.80. Revenue of $736 million beat the consensus estimate of $711.47. Net income for the quarter rose to $140.09 million from $98.1 million in the same quarter last year and gross margin improved 480 basis points to 51.1 percent from 46.3 percent in the same time period.

Things got ugly when Deckers guided its first quarter EPS to a loss of $0.16 compared to a consensus estimate of a profit of $0.10. Revenue is expected to rise only six percent year over year below a consensus of 11.6 percent growth. Full year the company is guiding for ten percent revenue growth, below a 10.4 percent consensus estimate. EPS is guided to grow by eight percent, below the consensus estimate for a 12 percent rise.

The company explained its poor guidance:

“As a reminder, a significant amount of our operating expenses are fixed and spread evenly on an absolute dollar basis throughout each quarter. This includes the costs associated with the 28 new stores that were not open until the second half of 2013. Therefore, we expect our earnings to decline in the first half of 2014 as compared to the first half of 2013, which are typically our lowest volume sales quarters, and increase over 2013 in the back half of the calendar year.”

Shares were trading lower by 12.13 percent in the pre-market session.

Citigroup: Fraud detected in Mexico

Citi (NYSE: C) announced it will adjust downward its fourth quarter and full year 2013 results which were reported on January 16 by an estimated $235 million after-tax ($360 million pre-tax) due to fraudulent activities in its Mexican subsidiary.

The fraud relates to loans made to a Mexican oil services company through an accounts receivable financing program. Banco Nacional de Mexico, or Bananex, had loaned $585 million in short-term money to the Mexican oil services which has been suspended by the government from being awarded new contracts.

Cit's CEO Michael Corbat assured that the company will hold anyone involved in this “despicable” crime to send a “crystal clear” message about the consequences of such actions.

Shares were trading lower by 0.82 percent in the pre-market session.

Splunk: EPS miss, in-line guidance good enough for investors

Last night, Splunk (NASDAQ: SPLK) reported its fourth quarter results. The company announced an EPS of $0.03, missing the consensus estimate of $0.05. Revenue of $99.9 million beat the consensus estimate of $90.36 million. Net loss for the quarter rose to $32.63 million compared to $6.16 million in the same quarter last year. Operating margin for the quarter rose to negative 32.5 percent compared to negative 9.1 percent in the same time period.

Splunk is guiding its first quarter revenue to be $78 million to $80 million, in-line with the consensus estimate of $79.4 million and guiding its operating margin to be in a range of negative eight percent to negative ten percent. For full year 2015 the company is guided to have an operating margin of “approximately zero” and guiding its revenue to be $400 million, above the consensus estimate of $396.3 million.

Shares were trading higher by 8.37 percent in the pre-market session.

Posted-In: 3D Systems Bananex Banco Nacional de Mexico Citigroup Citigroup Fraud Deckers Outdoor graham smithNews Best of Benzinga

 

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