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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:04 EDTXXIA, KOG, V, COF, ALTE, NTCT, EL, N, CSX, ODFL, WABC, MGM, BLLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Alterra Capital (ALTE) downgraded to Neutral from Buy at Sterne Agee... Ball Corp. (BLL) downgraded to Hold from Buy at Jefferies... CSX (CSX) downgraded to Neutral from Outperform at Credit Suisse... Capital One (COF) downgraded to Neutral from Buy at Janney Capital... MGM Resorts (MGM) downgraded to Market Perform from Outperform at Wells Fargo... NetSuite (N) downgraded to Neutral from Conviction Buy at Goldman... Visa (V) downgraded to Neutral from Outperform at RW Baird... Westamerica (WABC) downgraded to Underperform from Market Perform at BMO Capital... Estee Lauder (EL) downgraded to Outperform from Buy at CLSA... Kodiak Oil & Gas (KOG) downgraded to Neutral from Outperform at Credit Suisse... Old Dominion (ODFL) downgraded to Hold from Buy at Stifel Nicolaus... NetScout (NTCT) downgraded to Hold from Buy at Noble Financial... Ixia (XXIA) downgraded to Neutral from Buy at Lazard Capital.
News For ALTE;BLL;CSX;COF;MGM;N;V;WABC;EL;KOG;ODFL;NTCT;XXIA From The Last 14 Days
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January 28, 2016
17:35 EDTNNetSuite sees Q1 adjusted EPS 2c-3c, consensus 8c
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16:20 EDTNNetSuite reports Q4 adjusted EPS 5c, consensus 4c
Reports Q4 revenue $206.2M, consensus $204.63M.
16:14 EDTVVisa up 3.8% after reporting Q1 results
16:13 EDTVVisa sees FY16 adjusted EPS growth of low-end of the mid-teens range
While Visa is not changing its financial outlook for the fiscal full-year, continued moderating cross-border volume growth and subdued domestic activity across our geographies could ultimately affect its results. Sees annual net revenue growth of high single-digit to low double-digit range on a constant dollar basis, with an expectation of about three percentage points of negative foreign currency impact. Sees client incentives as a percent of gross revenues of 17.5%-18.5%. Sees FY16 annual free cash flow of about $7B. The financial outlook for fiscal full-year 2016 does not include any impact from the Visa Europe transaction, including interest expense from the $16.0B issuance of fixed-rate senior notes of about $125M per quarter.
16:09 EDTVVisa reports Q1 constant dollar basis payments volume growth up 11% to $1.3T
Cross-border volume growth, on a constant dollar basis, was 4% for the three months ended December 31, 2015. Total processed transactions, which represent transactions processed by VisaNet, for the three months ended December 31, 2015, were 19.0B, an 8% increase over the prior year.
16:07 EDTVVisa reports Q1 service revenue $1.65B
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16:06 EDTVVisa reports Q1 adjusted EPS 69c, consensus 68c
Reports Q1 revenue $3.6B, consensus $3.62B. Reports Q1 GAAP EPS 80c.
14:29 EDTV, NNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Microsoft (MSFT), consensus 71c... Amazon (AMZN), consensus $1.56... Amgen (AMGN), consensus $2.29... Electronic Arts (EA), consensus $1.81... Skyworks (SWKS), consensus $1.58... Western Digital (WDC), consensus $1.54... Visa (V), consensus 68c... Flextronics (FLEX), consensus 31c... NetSuite (N), consensus 4c... Fortinet (FTNT), consensus 18c... Synaptics (SYNA), consensus $1.58... Proofpoint (PFPT), consensus (11c).
14:27 EDTVVisa January weekly 70 straddle priced for 5.5% movement into Q1
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14:13 EDTVEarnings Watch: Visa to report after co-brand wins, Visa Europe deal
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14:00 EDTVVisa technical notes before earnings
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07:44 EDTCOFCapital One price target lowered to $88 from $96 at UBS
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07:38 EDTNTCTNetScout CEO: Guidance change result of challenging market conditions
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07:37 EDTNTCTNetScout narrows FY16 adjusted EPS view to $1.82-$1.90 from $1.82-$1.97
Consensus $1.88. Lowers FY16 revenue view to $958M-$968M from $997M-$1.047B, consensus $1.06B. GAAP net loss per diluted share is now expected to be in the range of (21c)-(29c), versus prior GAAP net loss per diluted share guidance that ranged between (10c)-(25c). For the fiscal year 2016, the non-GAAP net income per diluted share expectation excludes the estimated amortization of acquired intangible assets of approximately $83M, anticipated deferred revenue fair value adjustment of approximately $57M, anticipated compensation expense for post-combination services of approximately $34M, a projected inventory fair value adjustment of approximately $29M, forecasted share-based compensation expenses of approximately $27M, estimated business development expenses of approximately $26M, projected acquisition-related depreciation expense of approximately $4M and the related impact of these adjustments on the provision for income taxes of approximately $84M.
07:34 EDTNTCTNetScout reports Q3 adjusted EPS 58c, consensus 40c
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06:08 EDTBLLBall Corp. reports Q4 comparable EPS 80c, consensus 75c
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January 27, 2016
19:30 EDTMGMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Facebook (FB), up 11.4%... Mellanox (MLNX), up 6.4%... Paypal (PYPL), up 5%... Crown Castle (CCI), up 2.2%... Citrix (CTXS), up 2.4%... Las Vegas Sands (LVS), up 1%... SanDisk (SNDK), up 1%. ALSO HIGHER: Radius Health (RDUS), up 1.2% after announcing a clinical collaboration with Novartis (NVS)... LinkedIn (LNKD) is up 2.4%, Alphabet (GOOG, GOOGL) is up 2.2% and 2.6%, respectively, Netflix (NFLX) is up 1%, Amazon.com (AMZN) is up 2%, and Twitter (TWTR) is up marginally after Facebook reported quarterly results... MGM Resorts (MGM) is up 2.2% and Wynn Resorts (WYNN) is up 2.2%. DOWN AFTER EARNINGS: ServiceNow (NOW), down 16.5%... eBay (EBAY), down 12.8%... United Rentals (URI), down 9.7%... Juniper Networks (JNPR), down 9.6%... Silicon Graphics (SGI), down 9.1%... Discover Financial (DFS), down 7.4%... InvenSense (INVN), down 6.1%... Core Laboratories (CLB), down 4.3%... Vertex Pharmaceuticals (VRTX), down 1.1%. ALSO LOWER: Incyte (INCY), down 12.8% after announcing that it will halt the Phase 2 sub-study of ruxolitinib or placebo in combination with regorafenib after a planned interim analysis of the high CRP subgroup demonstrated that ruxolitinib plus regorafenib did not show a sufficient level of efficacy to warrant continuation.
19:17 EDTMGMMacau-linked casino names climb after Las Vegas Sands posts quarterly results
Casino stocks with exposure to Macau are higher in after-hours trading after Las Vegas Sands reported fourth quarter sales and profit. WHAT'S NEW: Las Vegas Sands reported Q4 adjusted earnings per share of 62c and hold-normalized adjusted EPS of 64c, against analyst estimates of 65c, and Q4 revenue of $2.86B, below consensus expectations of $2.92B. The company reported Four Seasons Macau adjusted property Earnings Before Income Tax, Depreciation, and Amortization, or EBITDA, was down 29% to $65.8M in Q4, while Sands Macau Q4 adjusted property EBITDA was $51.3M. In Singapore, the Marina Bay Sands adjusted property EBITDA was $338.2M, and on a hold-normalized basis, adjusted property EBITDA was $374.8M. WHAT'S NOTABLE: Las Vegas Sands also increased its quarterly dividend to 72c per share from 65c per share. During the company's earnings conference call, CEO Sheldon Adelson said management has "steadfast confidence" in both the company and Macau's future. Adelson added that the company is optimistic in returning excess capital to shareholders through share repurchases and dividends. PRICE ACTION: Shares of Las Vegas Sands are higher by roughly 1% to $42.00 in after-hours trading. OTHERS TO WATCH: Following Las Vegas Sands' Q4 results, Wynn Resorts (WYNN) is up 2.44% and MGM Resorts (MGM) is up 2.21%.
09:56 EDTVVisa volatility elevated into Q1 and outlook
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09:12 EDTCOFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Biogen (BIIB), up 5.6%... Hawaiian Holdings (HA), up 6.7%... Capital One (COF), up 1.5%. ALSO HIGHER: Capnia (CAPN), up 34.1% after entering into an exclusive distribution agreement with Bemes... Fate Therapeutics (FATE), up 18.6% after announcing that the FDA has cleared the company's investigational new drug application for ProTmune... Raptor Pharmaceutical (RPTP), up 12.1% after being upgraded to Buy from Neutral at Citi... Aquinox (AQXP), up 5.6% after Baker Bros. buys 140,786 shares in the company... Sunedison (SUNE), up 7.4% after SunEdison and Greenlight Capital announced that they have mutually agreed to corporate governance initiatives... Citizens Financial Group (CFG), up 3% after it will be added to the S&P 500... Terex (TEX), up 5.2% after being upgraded to Neutral from Underweight at JPMorgan. DOWN AFTER EARNINGS: Tupperware Brands (TUP), down 11.4%... VMware (VMW), down 6.5%... Textron (TXT), down 9.9%... Cliffs Natural (CLF), down 5.8%... Boeing (BA), down 6.2%... Fiat Chrysler (FCAU), down 3%... Apple (AAPL), down 3.4%. ALSO LOWER: Priceline (PCLN), down 2.9% after being downgraded to Neutral from Buy at Goldman... Bed Bath & Beyond (BBBY), down 4.2% after being downgraded at Citi and KeyBanc... Tripadvisor (TRIP), down 5.5% after being downgraded to Sell from Neutral at Goldman.
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