New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:53 EDTNKE, EBAY, SSNLFEarnings Preview: Analyst sees Nike reporting better than expected Q4 EPS
Nike (NKE) is expected to report fourth quarter earnings after the bell on Thursday, June 26, with a conference call scheduled for 5:00 pm ET. Nike sells athletic footwear, apparel, equipment and accessories worldwide. EXPECTATIONS: Analysts are looking for earnings per share of 75c on revenue of $7.34B. The consensus range is 70c-80 for EPS and $7.23B-$7.44B for revenue, according to First Call. LAST QUARTER: The company reported third quarter EPS from continuing operations of 76c, beating the consensus expectation of 72c. Nike's revenue of $7B also beat the $6.69B consensus projection. Nike reported a Q3 gross margin of 44.5%, which was up 30 basis points. The company also reported worldwide futures orders were up 12% to $10.9B. Nike forecast Q4 revenue growth at a high single-digit to low double-digit rate, below the futures growth rate largely due to the timing of shipments at the beginning and end of Q4, as well as lower levels of at once and closeout sales. Nike also forecast fiscal year 2014 revenue at the top end of a high-single digit target range. NEWS: The company forecast fiscal year 2015 EPS growth "somewhat below" the mid-teens target range and sees currency neutral revenue growth at or slightly above the high-single digit target range. The consensus forecast is $3.37 for EPS and $30.09B for revenue. On its Q3 earnings conference call, Nike predicted Q4 forex headwinds would be stronger than Q3. During the quarter, Reenie Benzinger was named Vice President of global apparel and eBay (EBAY) Chief Executive Officer John Donahoe was named to Nike's board. CNet said Nike was preparing to end production of wearable-hardware devices and laid off most of its workers responsible for developing its FuelBand fitness tracker. A spokesperson confirmed a "small number" of layoffs. The Wall Street Journal noted that older versions of Nike's FuelBand were up for sale at steep discounts. Bloomberg said Nike, which forecast revenue to hit $36B by the end of FY17, is looking to make its activity-tracking software the go-to app for products manufactured by other firms like Samsung (SSNLF). STREET RESEARCH: Sterne Agee believes that Nike's Nike and Jordan footwear sales in the U.S. have continued to be strong. The firm expects Nike will report higher than expected EPS for Q4. Canaccord does not see any upward revisions to guidance and expects growth to be somewhat below the mid-teens range. PRICE ACTION: Over the last three months, Nike shares are up almost 4%. Year-to-date, shares are up down over 3%. Ahead of this afternoon's earnings, shares are trading down 38c, or 0.5%, to $76.09.
News For NKE;EBAY;SSNLF From The Last 14 Days
Check below for free stories on NKE;EBAY;SSNLF the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
August 21, 2014
10:14 EDTEBAYeBay jumps 2% to $54.55 after The Information report on PayPal spin
Subscribe for More Information
10:14 EDTEBAYeBay saying PayPal spin-off may come next year, The Information reports
eBay has been telling PayPal CEO candidates that it is considering spinning off the payments business as soon as next year, The Information reports, citing two people briefed on the conversations. Reference Link
06:58 EDTSSNLFLarge-size panel demand increases in Q2 with LG Display in lead, DigiTimes says
Subscribe for More Information
06:12 EDTSSNLFDRAM prices making downward correction with oversupply concerns, DigiTimes says
Subscribe for More Information
August 20, 2014
09:32 EDTSSNLFSamsung, Barnes & Noble announce new Samsung Galaxy Tab 4 NOOK
Subscribe for More Information
06:11 EDTEBAYeBay volatility at record low
Subscribe for More Information
August 19, 2014
16:00 EDTEBAYOptions Update; August 19, 2014eBay
iPath S&P 500 VIX Short-Term Futures down 28c to 27.52. Option volume leaders: AAPL C HD PBR GILD AA NFLX TWTR TSLA EBAY according to Track Data.
15:48 EDTSSNLFCNET to hold a live blog
CNET holds a live blog of the unveiling of Samsung and Barnes & Noble's Nook tablet in New York on August 20 at 9:30 am. Webcast Link
13:04 EDTEBAYPayPal taking up Braintree’s Venmo Touch technology, GigaOM says
Subscribe for More Information
06:22 EDTSSNLFSamsung acquires Quietside to boost 'smart home' business, Reuters says
Samsung announced that it purchased air conditioner firm Quietside in an effort to boost its "smart home" division, according to Reuters, citing a statement from the company. Samsung said, "Because air conditioning products are a necessity in all buildings, including homes and offices, this acquisition is expected to be of help to our future smart home business." Reference Link
August 18, 2014
09:16 EDTSSNLFSamsung mulls manufacturing smartphones in Jakarta, WSJ says
Samsung is contemplating whether or not to manufacture smartphones at its Jakarta, Indonesia facility, according to The Wall Street Journal, citing comments from a company spokeswoman in an e-mailed statement. Reference Link
06:03 EDTSSNLFAUO continues to see curved TV orders from Sony and Samsung, DigiTimes says
Subscribe for More Information
August 15, 2014
17:02 EDTEBAYStocks end week slightly higher despite flare-up in Russian tensions
Subscribe for More Information
10:09 EDTSSNLFSony expected to debut Smartwatch 3 next month, GigaOM reports
Subscribe for More Information
06:13 EDTEBAYeBay's Braintree unit considering accepting bitcoin, WSJ reports
Subscribe for More Information
06:02 EDTSSNLFSamsung acquires home automation startup SmartThings, terms not disclosed
SmartThings announced on its blog that it has been acquired by Samsung and will operate as an independent company within Samsung’s Open Innovation Center group. "It has always been our goal to create a totally open smart home platform that brings together third-party developers, device makers, and consumers. We’re thrilled that Samsung fully supports this vision.We will continue to run SmartThings the way we always have: by embracing our community of customers, developers, and device makers and championing the creation of the leading open platform for the smart home. Our growing team will remain fully intact and will relocate to a new headquarters in Palo Alto, CA. In short: SmartThings will remain SmartThings." Reference Link
August 14, 2014
17:32 EDTEBAYIcahn Associates gives quarterly update on stakes
NEW STAKES: Gannett (GCI). INCREASED STAKES: Navistar (NAV), eBay (EBAY), and Icahn Enterprises (IEP). DECREASED STAKES: Netflix (NFLX). LIQUIDATED STAKES: Forest Laboratories (FRX).
12:58 EDTEBAYJANA Partners gives quarterly update on stakes
NEW STAKES: Apache (APA), FMC Corp (FMC), Civeo (CVEO), PetSmart (PETM), and Charter Communications (CHTR). INCREASED STAKES: Actavis (ACT), AIG (AIG), Mallinckrodt (MNK), HD Supply (HDS), and American Capital (ACAS). DECREASED STAKES: Liberty (LVNTA), Oil States International (OIS), eBay (EBAY), Liberty Media (LMCA), and Liberty Interactive (LINTA). LIQUIDATED STAKES: Sirius XM (SIRI), Juniper (JNPR), Golar LNG (GLNG), Outerwall (OUTR), and Teva (TEVA).
07:25 EDTEBAYCLSA to hold meetings
Silicon Valley Meetings consisting of meeting with various companies in the Silicon Valley area will be held on August 14-15.
06:19 EDTSSNLFLenovo sees opportunities outside of China for smartphone business, WSJ reports
Lenovo CEO Yang Yuanqing tells the Wall Street Journal that although that China is still the most important market for its smartphone business, the company sees additional opportunities outside China. Reference Link
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use