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Stock Market & Financial Investment News

News Breaks
August 13, 2014
10:20 EDTEZCH, GFI, KATE, ARWR, ACM, CLH, SEAS, PRU, CPWRHigh option volume stocks
High option volume stocks: CLH CPWR SEAS ACM PRU KATE EZCH MUB ARWR GFI
News For CLH;CPWR;SEAS;ACM;PRU;KATE;EZCH;ARWR;GFI From The Last 14 Days
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November 12, 2014
11:44 EDTSEASSeaWorld sinks to 52-week low after Q3 profit, attendance fall
Shares of theme park and entertainment company SeaWorld (SEAS) are plunging after the company’s profit, attendance and adjusted EBITDA all fell significantly on a year over year basis. The also forecast fiscal year 2014 revenue and adjusted EBITDA to be down from last year. WHAT'S NEW: This morning, SeaWorld reported Q3 adjusted earnings per share of $1.01, missing analysts' $1.13 consensus by 12 cents. Revenue for the quarter was $495.84M, compared to analysts' consensus estimates of $495.4M. Adjusted EBITDA in the quarter was $209.1M, a decrease of $45.3M, or 18%, compared to the third quarter of 2013. Attendance in Q3 ws 8.4M, down from 8.9M a year ago. The company believes the decline in attendance results from a combination of factors including negative media attention in California along with a challenging competitive environment, particularly in Florida. The competitive challenges in Florida relate to significant new attraction offerings at competitor destination parks, along with a delay in the scheduled opening of one of the company's new rides at its Busch Gardens Tampa park. The decrease in total revenue in the third quarter was primarily driven by a 5.2% decline in attendance, along with a 2.9% decline in total revenue per capita from $60.74 in the third quarter of 2013 to $58.99. WHAT’S NOTABLE: Looking ahead, SeaWorld forecast FY14 revenue and adjusted EBITDA to be down 6%-7% and 14%-16%, respectively. The FY14 revenue consensus ahead of the company's report was $1.37B. The company also said it expects to take a restructuring charge of up to $13M in Q4 related to its cost reduction initiatives. The company sees FY14 capital expenditures to be in the range of $155M-$165M and fiscal year 2015 CapEx to be in the range of $185M-$195M. Jim Atchison, the company's Chief Executive Officer, noted that the attendance trends the company experienced in the latter part of the second quarter continued into Q3. He called 2014 a “challenging year,” and said the company was executing a cost savings plan that is expected to deliver approximately $50M of annual cost savings by the end of 2015. He also said the company was adjusting its attraction and marketing plans to address immediate top-line concerns. PRICE ACTION: In late morning trading, SeaWorld fell $2.24, or 12.04%, to $16.36 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $16.53. Including today's pull back, the shares have lost approximately 48% over the past 12 months. OTHERS TO WATCH: Other companies in the theme park space include Disney (DIS), up 0.03%, Six Flags (SIX), down 0.16%, and Cedar Fair (FUN), up 0.76%.
11:34 EDTEZCHEZchip: Q4 Tilera revenue to be in $22M-$24M range
11:32 EDTEZCHEZchip believes growth from ZTE will resume in the coming quarters
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10:34 EDTKATEOptions with decreasing implied volatility
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10:30 EDTEZCHEZchip expects down cycle to be a 'temporary situation that it will be fixed'
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10:27 EDTEZCHEZchip in down cycle right now, but expects up cycle to come before mid-2015
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10:23 EDTEZCHEZchip sees FY15 OpEx $55M
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10:13 EDTEZCHEZchip expects revenue from Cisco to grow YoY in 2014
Comments taken from Q3 earnings conference call.
09:41 EDTEZCHEZchip: Slowdown in carrier spending is temporary
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08:15 EDTEZCHEZchip reports Q3 non-GAAP EPS 28c, consensus 28c
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07:37 EDTSEASSeaWorld reports Q3 attendance of 8.4M vs. 8.9M a year ago
07:36 EDTSEASSeaWorld sees FY14 revenue to be down 6%-7%, consensus $1.37B
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07:35 EDTSEASSeaWorld: 2014 has been a challenging year
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07:35 EDTSEASSeaWorld reports Q3 adjusted EPS $1.01, consensus $1.13
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November 11, 2014
15:25 EDTSEASNotable companies reporting before tomorrow's open
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07:03 EDTACMAECOM Technology sees FY15 adjusted EPS $2.75-$3.35, consensus $2.73
The mid-point of the guidance range assumes approximately $110M of realized synergies from the acquisition of URS.
07:02 EDTACMAECOM Technology reports Q4 EPS ex-items 79c, consensus 82c
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November 10, 2014
15:26 EDTACMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings DR Horton (DHI), consensus 48c; Sabre (SABR), consensus 26c; AECOM Technology (ACM), consensus 82c; CST Brands (CST), consensus 57c; Qiwi plc (QIWI), consensus 36c; INSYS Therapeutics (INSY), consensus 29c.
10:17 EDTKATEOptions with decreasing implied volatility
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09:18 EDTARWRArrowhead announces presentation of ongoing Phase 2a ARC-520 data
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