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SanDisk Conference Call Highlights
2014 Oct 17, 4:15pmSanDisk Corporation (NASDAQ: SNDK) reported its third quarter earnings. Shares of the company are 3 percent. Below are some key highlights from its conference call. • We expect our enterprise SSD revenue to surpass $1 billion in 2015. • The Fusion-io business performed in line with...
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Urban Outfitters Drops On Q4 Profit Warning; Mead Johnson Nutrition Shares Spike Higher
2014 Oct 17, 3:18pm
Toward the end of trading Friday, the Dow traded up 1.42 percent to 16,346.40 while the NASDAQ surged 0.93 percent to 4,256.52. The S&P also rose, gaining 1.14 percent to 1,883.96. Leading and Lagging Sectors Industrials shares jumped by 1.53 percent on Friday. Top gainers in the sector...
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Wells Fargo Previews IBM Ahead Of Q3 Earnings
2014 Oct 17, 9:23amIn a note released Friday, Wells Fargo analyst Maynard Um described his expectations for International Business Machines Corp. (NYSE: IBM) third-quarter results. Looking to revenue, Um believes there is slight downside to the consensus of $23.4 billion and is predicting $23.2 billion. However,...
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Credit Suisse Says Google's Quarter Was 'Uneventful,' Remains Focused On The 'Big Picture'
2014 Oct 17, 8:55amCredit Suisse analyst Stephen Ju believes Google's (NASDAQ: GOOG) quarter was "uneventful" and although he reduced his estimates, the price target only fell to $722 from $723, while he maintained his Outperform rating. In the quarter, strength in Google Play revenue offset weaker-...
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UPDATE: Textron Posts Upbeat Q3 Earnings, Lifts Forecast
2014 Oct 17, 8:36amTextron (NYSE: TXT) reported better-than-expected third-quarter earnings and raised its forecast for the year. Textron now expects full-year earnings of $2.05 to $2.15 per share, versus its earlier forecast of $1.92 to $2.12 per share. The Providence, the Rhode Island-based company posted...
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Athenahealth Q3 Meets Views, Offers In-Line Outlook
2014 Oct 17, 8:03amAthenahealth, Inc's (NASDAQ: ATHN) offered a full-year outlook close to Wall Street's expectations Thursday while posting a third-quarter net loss on revenue growth of 26 percent. The company traded recently at $118.05, down 2 percent. The medical billing company met third-quarter...
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UPDATE: Honeywell Posts Upbeat Q3 Earnings
2014 Oct 17, 7:24amHoneywell International (NYSE: HON) reported upbeat earnings for the third quarter and lifted the low end of its 2014 earnings forecast. The Morris Township, New Jersey-based company posted quarterly net income of $1.192 billion, or $1.47 per share, compared to $1.007 billion, or $1.24 per share,...
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Stocks To Watch For October 17, 2014
2014 Oct 17, 4:01am
Some of the stocks that may grab investor focus today are: Wall Street expects Morgan Stanley (NYSE: MS) to report its Q3 earnings at $0.54 per share on revenue of $8.17 billion. Morgan Stanley shares rose 0.37% to $32.65 in after-hours trading. Advanced Micro Devices (NYSE: AMD) reported downbeat...
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American Express Conference Call Highlights
2014 Oct 16, 5:29pmAmerican Express (NYSE: AXP) reported its third quarter earnings on Thursday. Shares of the company are down one percent. Operational Highlights and Growth: • Our performance this quarter reflected higher spending by our Card Members. • Solid growth in loan balances, credit indicators at or near...
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Urban Outfitters Plunges On Q4 Profit Warning
2014 Oct 16, 5:18pmUrban Outfitters (NASDAQ: URBN) shares fell sharply in the extended session Thursday after it warned that fourth-quarter profits may be hurt by lower-than expected sales. The Philadelphia-based apparel retailer said its third-quarter gross profit margin may narrow "at a rate greater than during the...
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UPDATE: Cosi Reports Q3 Comps Down 1.5%
2014 Oct 16, 4:52pmCosi, Inc. (NASDAQ: COSI), the fast casual restaurant company, today reported estimated system-wide comparable restaurant sales for the third quarter decreased 1.5% as compared to the third quarter of 2013. The breakdown in estimated comparable sales between Company-owned and franchise restaurants...
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Analysts Believe Netflix Is Victim Of High Expectations
2014 Oct 16, 4:24pmNetflix Inc. (NASDAQ: NFLX) shares crashed Thursday on disappointing third-quarter subscriber growth and news that Time Warner Inc.'s (NYSE: TWX) HBO Go unit will compete in the streaming movie sector. "It's an eye-popping reaction to a modest miss" in subscriber growth, FBR's Barton Crockett said...
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U.S. Stocks Fluctuate; Delta Air Shares Rise On Upbeat Earnings
2014 Oct 16, 1:32pm
Midway through trading Thursday, the Dow traded down 0.23 percent to 16,105.26 while the NASDAQ tumbled 0.44 percent to 4,196.60. The S&P also fell, dropping 0.18 percent to 1,859.12. Leading and Lagging Sectors Energy shares gained 0.77 percent on Thursday. Top gainers in the sector...
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UPDATE: Pool Corp Q3 Earnings Meet Estimates
2014 Oct 16, 11:12amPool Corp (NASDAQ: POOL) reported in-line earnings for the third quarter. The Covington, Louisiana-based company posted quarterly net income of $34.8 million, or $0.78 per share, up from $32.3 million, or $0.68 per share, in the year-ago period. Its net sales rose 6% to $615.5 million from $578.2...
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Markets Tumble; Goldman Sachs Posts Upbeat Earnings
2014 Oct 16, 11:00am
Following the market opening Thursday, the Dow traded down 1.26 percent to 15,938.77 while the NASDAQ tumbled 1.55 percent to 4,149.89. The S&P also fell, dropping 1.42 percent to 1,836.09. Leading and Lagging Sectors Industrials shares dropped by just 0.58 percent on Thursday. Top...
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