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Here’s the Quick Rundown on Tonight’s Earnings Announcements

Busy all day, doing all sort of things that do not generate revenues. Nevertheless, “The Fly” has other interests that keep him content — but I am here now. I bring forth news of earnings.

BEHOLD the headlines.

Ctrip reports Q3, beats on revs; expects Q4 net revenue growth to continue at a year-on-year rate of approximately 25-30% vs 35% estimate

Facebook: Lowering FY17 expense guidance to 35-40% y/y (prior: 40-45% y/y)
FY17 CapEx of $7 bln (prior: $7.0-7.5 bln)
Expect FY18 total expenses to grow ~45 to 60% compared to FY17.
Expects FY18 CapEx to “roughly double” FY17.

Murphy Oil misses by $0.23, beats on revs; Tightens 2017 production guidance, raises CapEx outlook

Qualcomm third quarter conference call update (53.46 +2.45)
Co is pleased about its 5G momentum in China.
Co is remained focused on defending its patents in Apple (AAPL) dispute.
Global 3G/4G shipments remain strong with 6% expected growth in FY17 and 8% growth in FY18 at the midpoints.
ASP’s in FY17 flat versus FY16.

Kennametal beats by $0.11, beats on revs; Increases FY18 EPS and sales outlook (43.34 -0.31)
Reports Q1 (Sep) earnings of $0.48 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.37; revenues rose 13.6% year/year to $542.45 mln vs the $516.8 mln Capital IQ Consensus.
Co issues upside guidance for FY18, sees EPS of $2.30-2.60 (Prior $2.00-2.30), excluding non-recurring items, vs. $2.21 Capital IQ Consensus Estimate; Increases organic sales growth to 5-7% from 2-4%.

Qorvo beats by $0.09, beats on revs; guides Q3 EPS below consensus, revs below consensus (74.46 -1.35)
Reports Q2 (Sep) earnings of $1.52 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $1.43; revenues fell 5.0% year/year to $821.6 mln vs the $810.47 mln Capital IQ Consensus.

Record IDP revenue of $190 million, up 21% year-over-year, and secured record design wins to support strong revenue growth. Increased IoT revenue by 50% year-over-year and doubled GaN revenue year-over-year. Significantly expanded family of antenna control solutions and enjoyed strong growth, supported by increased antenna complexity, 4×4 MIMO implementations and expansion into mid-tier smartphones

Co issues downside guidance for Q3, sees EPS of $1.60, excluding non-recurring items, vs. $1.74 Capital IQ Consensus Estimate; sees Q3 revs of $830-850 mln, excluding non-recurring items, vs. $893.28 mln Capital IQ Consensus Estimate.

FireEye prelim Q3 ($0.04) vs ($0.07) Capital IQ Consensus Estimate; revs $189.60 mln vs $186.41 mln Capital IQ Consensus Estimate

Yelp prelim Q3 $0.29 vs $0.22 Capital IQ Consensus Estimate; revs $222.4 mln vs $220.75 mln Capital IQ Consensus Estimate; Yelp sees Q4 revs $211-216 mln vs $233.07 mln Capital IQ Consensus Estimate

Habit Restaurants misses by $0.02, misses on revs; guides FY17 revs below consensus

Cavium Networks beats by $0.02, reports revs in-line

Symantec misses by $0.03, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; lowers FY18 guidance

Pioneer Natural Resources beats by $0.20, beats on revs

GoPro beats by $0.13, beats on revs; guides Q4 EPS below consensus

Fitbit beats by $0.03, reports revs in-line; guides Q4 EPS above consensus, revs above consensus

Equinix beats by $0.03, beats on revs; guides Q4 revs above consensus

Flowserve beats by $0.03, beats on revs; lowers top end of FY17 EPS guidance to in-line

ZAGG misses by $0.03, beats on revs; guides FY17 revs above consensus

Health Insurance Innovations beats by $0.07, beats on revs; raises FY17 EPS, revs guidance

Tesla prelim Q3 ($2.92) vs ($2.29) Capital IQ Consensus Estimate; revs $2.99 bln vs $2.94 bln Capital IQ Consensus Estimate

Zendesk beats by $0.04, beats on revs; guides Q4 revs in-line; raises FY17 revs guidance again

Shake Shack beats by $0.02, reports revs in-line; guides FY17 revs above consensus; Same-Shack sales decreased 1.6%.

Occidental Petro beats by $0.07, misses on revs

L Brands reports October comps of +2% vs lsd decline prior guidance; sees Q3 EPS to be at the high end of its guidance and reiterates FY 17 EPS guidance of $3.00-3.20; expects Q3 sales of $2618 mln vs $2568 mln consensus

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5 comments

  1. gappingandyapping
    gappingandyapping

    Facebook says they are spending so much on security that its going to hurt profit. I guess they did not spend that money on $FEYE

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  2. moosh

    Any thoughts on $PI, here?

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  3. gappingandyapping
    gappingandyapping

    Bitcoin ripping tits in after hours. So glad I just blindly bought some yesterday. Gonna get my share of the billions being made.

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    • 0 Deem this to be "Fake News"