Stocks making the biggest moves midday: Kraft Heinz, Wayfair, Stamps.com & more

Check out the companies making headlines midday Friday:Kraft Heinz — Shares of Kraft Heinz plummeted 27 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The online furniture retailer posted an adjusted loss of $1.12 per share, which is smaller than a Refinitiv estimate of $1.28. The company also reported revenue of $791.6 million, topping a Refinitiv estimate of $774.3 million. Intuit — Intuit reported adjusted earnings of $1 per share for its f


Check out the companies making headlines midday Friday:Kraft Heinz — Shares of Kraft Heinz plummeted 27 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The online furniture retailer posted an adjusted loss of $1.12 per share, which is smaller than a Refinitiv estimate of $1.28. The company also reported revenue of $791.6 million, topping a Refinitiv estimate of $774.3 million. Intuit — Intuit reported adjusted earnings of $1 per share for its f
Stocks making the biggest moves midday: Kraft Heinz, Wayfair, Stamps.com & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: fred imbert, nadine el-bawab, brendan mcdermid
Keywords: news, cnbc, companies, kraft, midday, refinitiv, estimate, earnings, reported, biggest, share, jumped, stocks, revenue, moves, shares, wayfair, stampscom, heinz, company, making


Stocks making the biggest moves midday: Kraft Heinz, Wayfair, Stamps.com & more

Check out the companies making headlines midday Friday:

Kraft Heinz — Shares of Kraft Heinz plummeted 27 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The company also disclosed a Securities and Exchange Commission subpoena as part of a probe into its accounting policies and cut its dividend.

J.M. Smucker, Dean Foods, Conagra Brands, Kellogg, General Mills — Shares of these consumer products companies were dragged down by Kraft Heinz’s sharp decline. They were all down at least 4 percent.

Intel — Morgan Stanley upgraded Intel to overweight from equal weight, citing a potential rally under CEO Bob Swan’s leadership. “We think that Intel can rerate higher around a more financially oriented CEO,” Morgan Stanley said. Intel shares rose 2.7 percent.

Wayfair — Shares of Wayfair leaped 32 percent on better-than-expected fourth-quarter results. The online furniture retailer posted an adjusted loss of $1.12 per share, which is smaller than a Refinitiv estimate of $1.28. The company’s revenue also topped estimates. Wayfair added its active consumer count jumped more than 15 percent.

Roku — Shares of Roku jumped 20 percent on a better-than-expected fourth-quarter earnings and an active account growth of over 40 percent. The company also reported revenues that were $14 million higher than expected and earnings that surpassed a Refinitiv estimate by 2 cents.

Zillow — Zillow shares surged 20 percent after the real estate database company announced CEO Spencer Rascoff was leaving his post. The company also said Rich Barton, one of Zillow’s co-founders, was taking over as chief executive.

Boyd Gaming — The gaming and hospitality company’s stock rose 10 percent in midday trading after releasing its quarterly results. Boyd Gaming posted adjusted earnings per share of 32 cents, in line with expectations. The company also reported revenue of $791.6 million, topping a Refinitiv estimate of $774.3 million.

Intuit — Intuit reported adjusted earnings of $1 per share for its fiscal second quarter, topping a Refinitiv estimate of 86 cents. The company also said its revenue increased by 12 percent as sales from its small business online ecosystem expanded by 38 percent. Intuit shares jumped 5.7 percent.

Stamps.com — Shares of Stamps.com plummeted more than 56 percent after the company dissolved its longtime partnership with the U.S. Postal Office. The company said it did so in a bet on Amazon’s success in shipping and logistics.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: fred imbert, nadine el-bawab, brendan mcdermid
Keywords: news, cnbc, companies, kraft, midday, refinitiv, estimate, earnings, reported, biggest, share, jumped, stocks, revenue, moves, shares, wayfair, stampscom, heinz, company, making


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Stocks making the biggest moves premarket: Hormel, Apple, Nike, Domino’s Pizza & more

Wendy’s – The restaurant chain beat forecasts by a penny a share, with adjusted quarterly profit of 16 cents per share. Domino’s Pizza – The pizza chain fell 7 cents a share short of estimates, with adjusted quarterly profit of $2.62 per share. Cheesecake Factory – Cheesecake Factory reported adjusted quarterly profit of 60 cents per share, missing Wall Street forecasts by 2 cents a share. Agilent Technologies – Agilent reported adjusted quarterly profit of 76 cents per share, 3 cents a share ab


Wendy’s – The restaurant chain beat forecasts by a penny a share, with adjusted quarterly profit of 16 cents per share. Domino’s Pizza – The pizza chain fell 7 cents a share short of estimates, with adjusted quarterly profit of $2.62 per share. Cheesecake Factory – Cheesecake Factory reported adjusted quarterly profit of 60 cents per share, missing Wall Street forecasts by 2 cents a share. Agilent Technologies – Agilent reported adjusted quarterly profit of 76 cents per share, 3 cents a share ab
Stocks making the biggest moves premarket: Hormel, Apple, Nike, Domino’s Pizza & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: peter schacknow
Keywords: news, cnbc, companies, moves, hormel, forecasts, street, stocks, biggest, revenue, quarterly, nike, making, premarket, cents, adjusted, estimates, share, pizza, dominos, increase, apple, profit


Stocks making the biggest moves premarket: Hormel, Apple, Nike, Domino's Pizza & more

Check out the companies making headlines before the bell:

Hormel – The food producer matched estimates with quarterly profit of 44 cents per share, but the maker of Spam, Dinty Moore, and other food brands saw revenue come up slightly short of Street forecasts. Separately, Hormel said PepsiCo would pay $465 million in cash for its CytoSport. Hormel had announced that deal earlier this week, but had not disclosed the purchase price for the Muscle Milk maker at that time.

Apple, Goldman Sachs – Apple and Goldman plan to launch a credit card paired with new iPhone features in the next few weeks, according to The Wall Street Journal.

Nike – Nike shares are under pressure after Duke basketball player Zion Williamson was injured after his Nike shoe split during a game.

Wendy’s – The restaurant chain beat forecasts by a penny a share, with adjusted quarterly profit of 16 cents per share. Revenue was short of forecasts, however, and a comparable-restaurant sales gain of 1.4 percent was shy of the 1.8 percent expected by analysts surveyed by Refinitiv.

Domino’s Pizza – The pizza chain fell 7 cents a share short of estimates, with adjusted quarterly profit of $2.62 per share. Revenue was also shy of estimates. U.S. comparable-restaurant sales were up 5.6 percent, compared to Refinitiv’s consensus estimate of a 6.3 percent increase. Separately, Domino’s announced an 18 percent increase in its quarterly dividend to 65 cents per share.

Newmont Mining – The mining company earned an adjusted 40 cents per share for its latest quarter, 15 cents a share above estimates. Revenue also beat forecasts. Gold production was up 8 percent versus a year earlier.

Norwegian Cruise Line – The cruise line operator beat estimates by 6 cents a share, with adjusted quarterly profit of 85 cents per share. Revenue came up slightly short of expectations. Norwegian also forecast current-quarter and full-year profit above current consensus.

Bunge – The grain processor earned an adjusted 8 cents per share for its latest quarter, below the consensus estimate of 20 cents a share. Revenue also missed forecasts, with results impacted by a reduction in soybean inventories.

Foot Locker – Foot Locker announced a 10 percent increase in its quarterly dividend to 38 cents per share, and the athletic apparel and footwear retailer unveiled a new $1.2 billion stock buyback program.

Barclays – Barclays reported a lower-than-expected profit for the fourth quarter, but investors were cheered by a 15 percent profit in the investment bank unit.

Johnson & Johnson – J&J received subpoenas from the Justice Department and the Securities and Exchange Commission. Officials want documents related to the safety of its talc-related products.

Cheesecake Factory – Cheesecake Factory reported adjusted quarterly profit of 60 cents per share, missing Wall Street forecasts by 2 cents a share. The restaurant chain’s revenue also came up short of estimates, although its 1.9 percent increase in comparable-restaurant sales was higher than the consensus estimate of a 1.1 percent rise.

Navient — Hedge fund Canyon Capital has withdrawn its bid to buy the student loan servicer, in which it has a 10 percent stake. Canyon will instead launch a proxy fight with the goal of putting a slate of candidates on Navient’s board. Navient had turned down a $12.50 per share takeover bid earlier this week.

Agilent Technologies – Agilent reported adjusted quarterly profit of 76 cents per share, 3 cents a share above estimates. The medical device company’s revenue also beat forecasts and Agilent nudged its full-year guidance higher.

Avis Budget – Avis Budget earned an adjusted 53 cents per share for its latest quarter, beating the 37 cents a share consensus estimate. The car rental company’s revenue came in slightly above Wall Street forecasts, and the company said its revenue would increase in 2019 thanks to a rise in rental days.

Boston Beer – Boston Beer beat estimates by 14 cents with adjusted quarterly profit of $1.84 per share, though the Sam Adams brewer saw revenue come in below Wall Street forecasts. Boston Beer did give an upbeat outlook for 2019, projecting an eight to 13 percent increase in shipments.

Jack In The Box – Jack In The Box reported adjusted quarterly profit of $1.35 per share, 7 cents a share above estimates. The restaurant chain’s revenue also came in above analysts’ projections, however comparable-restaurant sales were down 0.1 percent during the quarter.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: peter schacknow
Keywords: news, cnbc, companies, moves, hormel, forecasts, street, stocks, biggest, revenue, quarterly, nike, making, premarket, cents, adjusted, estimates, share, pizza, dominos, increase, apple, profit


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Stocks making the biggest moves after hours: Kraft Heinz, Dropbox, Zillow and more

Though the company beat on revenue, earning $365 million vs. the estimated $351 million, earnings per share were in line with estimates at 1 cent. Zillow did issue strong first-quarter guidance: between $417 and $443 million in revenue, vs. the estimated $404 million. Dropbox shares rose slightly and then fell more than 8 percent after hours Thursday after posting better-than-expected fourth-quarter earnings but also giving disappointing guidance. Shares of Roku surged as much as 6 percent in ex


Though the company beat on revenue, earning $365 million vs. the estimated $351 million, earnings per share were in line with estimates at 1 cent. Zillow did issue strong first-quarter guidance: between $417 and $443 million in revenue, vs. the estimated $404 million. Dropbox shares rose slightly and then fell more than 8 percent after hours Thursday after posting better-than-expected fourth-quarter earnings but also giving disappointing guidance. Shares of Roku surged as much as 6 percent in ex
Stocks making the biggest moves after hours: Kraft Heinz, Dropbox, Zillow and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: maggie fitzgerald, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, earnings, share, revenue, fourthquarter, vs, million, forecast, kraft, stocks, moves, zillow, dropbox, cents, company, making, heinz, biggest, hours, revenues


Stocks making the biggest moves after hours: Kraft Heinz, Dropbox, Zillow and more

Check out the companies making headlines after the bell:

Shares of Zillow fell as much as 8 percent in extended trading and then regained those losses to trade up more than 8 percent after the online real estate company announced its CEO Spencer Rascoff will be stepping down. Zillow co-founder and former CEO Rich Burton will return to lead the company and Rascoff will remain on the board of directors.

The announcement coincided with the company’s tepid earnings. Though the company beat on revenue, earning $365 million vs. the estimated $351 million, earnings per share were in line with estimates at 1 cent. Zillow did issue strong first-quarter guidance: between $417 and $443 million in revenue, vs. the estimated $404 million. The stock later gained back most of its loses after hours.

Shares of Kraft Heinz tumbled more than 10 percent after the market close Thursday following weak fourth-quarter results and the disclosure of an SEC subpoena. Kraft reported earnings per share of 84 cents on revenues of $6.89 billion. Analysts forecast earnings per share of 94 cents on revenues of $6.93 billion. The company also disclosed it was subpoenaed by the SEC in October 2018 regarding its accounting policies.

Hewlett Packard Enterprise shares shot up as much as 4 percent after the market close following the release of the software company’s mixed first-quarter results. Earnings per share were 42 cents, beating Wall Street expectations of 35 cents. But HP Enterprise missed on its top line, posting $7.55 billion in revenue versus $7.6 billion forecast by Refinitiv.

HP Enterprise sees full-year 2019 earnings per share between $1.56 and $1.66, vs. the estimated $1.58.

Dropbox shares rose slightly and then fell more than 8 percent after hours Thursday after posting better-than-expected fourth-quarter earnings but also giving disappointing guidance. The software company beat on the top and bottom lines, reporting revenues of $376 million, compared to the Refinitiv estimate of $370 million. Adjusted earnings per share were 10 cents, versus the 8 cents forecast by analysts. Paying users reached 12.7 million, beating the expected 12.54 million. Average revenue per user increased to $119.61, vs. the forecast $118.48.

Shares of Roku surged as much as 6 percent in extended trading Thursday following the release of their better-than-expected fourth-quarter earnings. The digital media player manufacturer posted earnings per share of 5 cents on revenues of $276 million. Wall Street forecast earnings per share of 3 cents on revenue of $262 million, according to Refinitiv.

First Solar shares dropped more than 4 percent in after hours trading Thursday after the release of the semiconductor manufacturing company’s fourth-quarter earnings. First Solar earned $691 million in revenue, missing Refinitiv estimates of $804 million. Earnings per share were 49 cents, 15 cents below expectations.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: maggie fitzgerald, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, earnings, share, revenue, fourthquarter, vs, million, forecast, kraft, stocks, moves, zillow, dropbox, cents, company, making, heinz, biggest, hours, revenues


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This group of Americans will most likely get the biggest tax refunds

A handful of early tax filers are seeing unexpectedly low refunds, or worse, owing money to the IRS. Many people are watching this tax season more closely than usual because it’s the first time the Tax Cuts and Jobs Act is in effect for a full tax year. Unfortunately, 28 percent of Americans don’t understand exactly what’s different, and almost half have no idea how the changes affect their tax bracket. But while some Americans may see lower refunds, most tax experts expect the refund rate to st


A handful of early tax filers are seeing unexpectedly low refunds, or worse, owing money to the IRS. Many people are watching this tax season more closely than usual because it’s the first time the Tax Cuts and Jobs Act is in effect for a full tax year. Unfortunately, 28 percent of Americans don’t understand exactly what’s different, and almost half have no idea how the changes affect their tax bracket. But while some Americans may see lower refunds, most tax experts expect the refund rate to st
This group of Americans will most likely get the biggest tax refunds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: megan leonhardt, crystal sing, -harlene stevens, cpa with accounting firm nisivoccia llp, -lisa greene-lewis, turbotax expert
Keywords: news, cnbc, companies, americans, usual, season, group, likely, different, refunds, law, changes, tax, yearbut, biggest, irs


This group of Americans will most likely get the biggest tax refunds

A handful of early tax filers are seeing unexpectedly low refunds, or worse, owing money to the IRS. But not everyone is in for an unpleasant surprise.

Many people are watching this tax season more closely than usual because it’s the first time the Tax Cuts and Jobs Act is in effect for a full tax year. The new law, passed in December 2017, enacted a number of broad changes. It introduced new tax brackets, included an expanded child care credit and changed the way itemized deductions are factored in, for example.

Unfortunately, 28 percent of Americans don’t understand exactly what’s different, and almost half have no idea how the changes affect their tax bracket. Adding to that confusion, refunds dropped 8.7 percent over the first two weeks of filing season, according to the Internal Revenue Service (IRS). Plus, the IRS is processing returns at a slower pace than usual, in large part due to the 35-day partial government shutdown.

“The law is so different, we may have a different pattern than in the past,” Howard Gleckman, a senior fellow in the Urban-Brookings Tax Policy Center, tells CNBC Make It. “This is not a normal year.”

But while some Americans may see lower refunds, most tax experts expect the refund rate to stabilize. And for some, their tax refunds will be higher this year.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: megan leonhardt, crystal sing, -harlene stevens, cpa with accounting firm nisivoccia llp, -lisa greene-lewis, turbotax expert
Keywords: news, cnbc, companies, americans, usual, season, group, likely, different, refunds, law, changes, tax, yearbut, biggest, irs


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Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more

Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company sa


Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company sa
Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: fred imbert, chuck liddy, tribune news service, getty images
Keywords: news, cnbc, companies, moves, share, fourthquarter, stocks, cheesecake, biggest, midday, company, revenue, estimate, nike, factory, 13, cocacola, making, cents, surged, shares, earnings


Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & more

Check out the companies making headlines midday Thursday:

Career Education Corporation —The for-profit education company reported better-than-expected adjusted earnings per share and revenue for the fourth quarter, sending its stock up more than 21 percent. The company’s full-year operating income guidance also topped analyst expectations.

Community Health Systems — Shares of Community Health Systems surged more than 13 percent after the hospital conglomerate reported better-than-expected fourth-quarter results. Its revenue grew 13 percent to $3.453 billion, beating Wall Street consensus’ $3.383 billion, according to Refinitiv. Although the company posted a $0.42 loss per share, the result was better than the estimate of $0.6 loss per share.

Avis Budget Group — Shares of Avis Budget surged 16.56 percent after the car rental company posted fourth-quarter results that easily beat analyst expectations. The company reported earnings of 53 cents per share, blowing past an estimate of 37 cents, according to Refinitiv. Avis’ revenue also beat estimates.

Kandi Technologies Group — Shares of the Chinese electric car maker rose nearly 7 percent, adding to a 34.3 percent gain from the previous session. Kandi recently got approval to import two of its electric cars to the U.S.

Cheesecake Factory — Shares of Cheesecake Factory were up 6.43 percent after the company said fourth-quarter comparable store sales grew by 1.9 percent, topping an estimate of 0.8 percent.

Domino’s Pizza — Domino’s Pizza shares dropped more than 9 percent after delivering fourth-quarter results that disappointed investors. The company’s adjusted earnings per share missed a Refinitiv estimate by 7 cents; its same-store sale also grew by 2.4 percent versus expected growth of 4.1 percent.

Nike — Shares of Nike dropped 1.34 percent after Zion Williamson, a star basketball player at Duke University, broke his shoe less than a minute into a highly anticipated game against the University of North Carolina. The break led Williamson to sprain his right knee and was unable to continue playing the game.

Coca-Cola — Coca-Cola shares rose nearly 1 percent after the company raised its annual dividend to 40 cents from 39 cents a share. The company also said it will buy back 150 million shares once the current 500 million share buyback program is completed.

Boston Beer – Shares of the Sam Adams brewer surged more than 13 percent Thursday after reporting better-than-expected earnings. Though quarterly revenue come in below Wall Street estimates, the company issued an upbeat outlook for 2019, forecasting an 8 to 13 percent increase in shipments. The stock is on pace for its best day of trading since July 2017.

—CNBC’s Nadine El-Bawab, Yun Li and JR Reed contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: fred imbert, chuck liddy, tribune news service, getty images
Keywords: news, cnbc, companies, moves, share, fourthquarter, stocks, cheesecake, biggest, midday, company, revenue, estimate, nike, factory, 13, cocacola, making, cents, surged, shares, earnings


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Australia’s Crown Resorts stung by drop in Chinese spending, shares slide

Australia’s biggest casino company Crown Resorts reported on Wednesday a sharp decline in spending by wealthy Chinese tourists at its properties, pushing its shares down in their biggest one-day fall in more than two years. Turnover from “VIPs” — largely Chinese tourists on package holidays — fell 12 percent compared to a 16 percent rise in the year-ago period. The decline shows the far-reaching effects of a cooling in Chinese spending that has already driven exporters like Australian vitamin ma


Australia’s biggest casino company Crown Resorts reported on Wednesday a sharp decline in spending by wealthy Chinese tourists at its properties, pushing its shares down in their biggest one-day fall in more than two years. Turnover from “VIPs” — largely Chinese tourists on package holidays — fell 12 percent compared to a 16 percent rise in the year-ago period. The decline shows the far-reaching effects of a cooling in Chinese spending that has already driven exporters like Australian vitamin ma
Australia’s Crown Resorts stung by drop in Chinese spending, shares slide Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: scott barbour, getty images
Keywords: news, cnbc, companies, stung, tourists, profit, shares, china, resorts, million, fell, slide, chinese, drop, biggest, australias, vip, crown, spending, company


Australia's Crown Resorts stung by drop in Chinese spending, shares slide

Australia’s biggest casino company Crown Resorts reported on Wednesday a sharp decline in spending by wealthy Chinese tourists at its properties, pushing its shares down in their biggest one-day fall in more than two years.

Crown, which is owned 47 percent by billionaire James Packer, also posted a weaker than expected profit for the six months to December. Turnover from “VIPs” — largely Chinese tourists on package holidays — fell 12 percent compared to a 16 percent rise in the year-ago period.

“People at the premium end have been coming to the property in the same numbers but spending less,” said Chief Financial Officer Ken Barton on an earnings call.

“We’re seeing casual restaurants doing better than premium restaurants,” he added.

The decline shows the far-reaching effects of a cooling in Chinese spending that has already driven exporters like Australian vitamin maker Blackmores to lower profit guidance and iPhone maker Apple to issue a revenue warning.

That has been against the backdrop of a China-U.S. trade war and a Sino-Australian diplomatic dispute over accusations of undue political interference.

Shares of Crown fell as much as 6.5 percent on Wednesday, their biggest daily percentage drop since October 2016 when 18 of its staff were arrested in China for breaking local laws by selling gambling trips there. The broader market was down 0.2 percent.

“As a destination for Chinese money, particularly on the discretionary side, we have been putting up a fair barrier,” said James McGlew, executive director of corporate stockbroking at Argonaut Ltd.

“There’s clearly a mood in China that Australia is a little on the nose. That has to feed through.”

Since the China arrests, Crown has pulled back from its Asia expansion plans and instead relied on high-rolling Chinese tourists at home to grow profit.

The company is counting on the VIP market to pay for a new A$2.2 billion casino on the Sydney waterfront.

But while tourist numbers are up — 1.4 million Chinese tourists visited Australia in 2018, up 13 percent — the amount they are spending is in decline, says Crown.

“The new Sydney development should help … but if VIP is weak because China is slowing further, the initial earnings contribution will be weak too once it opens,” said Nathan Bell, a portfolio manager at InvestSmart.

Gambling revenue in the Chinese island of Macau, the world’s biggest casino destination, fell in January for the first time in more than two years partly due to slowing economic growth and the effects of trade tensions.

Crown gave no outlook on Wednesday for its VIP business.

The company said normalised net profit, which removes variance in win rates, grew less than 1 percent in the half-year to A$194.1 million ($139 million). Pre-tax profit came in at A$432.5 million compared with analyst forecasts of A$450 million.

Normalised revenue fell 1.2 percent, and the company kept its interim dividend steady at 30 Australian cents.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: scott barbour, getty images
Keywords: news, cnbc, companies, stung, tourists, profit, shares, china, resorts, million, fell, slide, chinese, drop, biggest, australias, vip, crown, spending, company


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Stocks making the biggest moves midday: CVS Health, Southwest, Charles Schwab & more

Check out the companies making headlines midday Wednesday:CVS Health — Shares of CVS Health plummeted 7 percent after the company issued lighter-than-expected guidance for 2019. CVS Health expects 2019 earnings to range between $6.68 and $6.88 per share, below an estimate of $7.41. Southwest Airlines — Shares of Southwest Airlines slipped 5.17 percent after the company cut its revenue forecast by $60 million for its first-quarter, citing the U.S. government shutdown. Charles Schwab — UBS downgra


Check out the companies making headlines midday Wednesday:CVS Health — Shares of CVS Health plummeted 7 percent after the company issued lighter-than-expected guidance for 2019. CVS Health expects 2019 earnings to range between $6.68 and $6.88 per share, below an estimate of $7.41. Southwest Airlines — Shares of Southwest Airlines slipped 5.17 percent after the company cut its revenue forecast by $60 million for its first-quarter, citing the U.S. government shutdown. Charles Schwab — UBS downgra
Stocks making the biggest moves midday: CVS Health, Southwest, Charles Schwab & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: fred imbert, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, stocks, cvs, surged, biggest, moves, making, health, company, charles, revenue, stock, shutdown, reported, midday, southwest, earnings, maker, shares, schwab


Stocks making the biggest moves midday: CVS Health, Southwest, Charles Schwab & more

Check out the companies making headlines midday Wednesday:

CVS Health — Shares of CVS Health plummeted 7 percent after the company issued lighter-than-expected guidance for 2019. CVS Health expects 2019 earnings to range between $6.68 and $6.88 per share, below an estimate of $7.41. The company also posted mixed results for the fourth quarter of 2018.

Southwest Airlines — Shares of Southwest Airlines slipped 5.17 percent after the company cut its revenue forecast by $60 million for its first-quarter, citing the U.S. government shutdown. The airline said the 35-day government shutdown stalled the launch of new jets and routes. Southwest also said the shutdown contributed to lower-than-expected passenger revenues.

Garmin — Shares of Garmin surged more than 15 percent after the maker of GPS devices posted adjusted quarterly earnings of $1.02 per share, 22 cents above estimates. Revenue also came in above Wall Street forecasts, with Garmin reporting strength in its fitness and outdoor product lines.

Walmart — Shares of Walmart fell nearly 3 percent on Wednesday, giving back Tuesday’s rally that was sparked by better-than-expected earnings and revenue for the holiday quarter.

Kandi Technologies Group —Shares of the Chinese electric auto maker surged more than 36 percent after receiving approval to import two of its models to the U.S. The stock’s jump would be the biggest since June 10, 2013, when it surged 37.96 percent.

Charles Schwab — UBS downgraded Schwab’s stock to sell, sending it down about 2 percent in midday trading. “The company has a strong customer franchise, but is facing headwinds to [balance sheet] growth from yield sensitive customers, an increasing regulatory burden, and limited rate upside,” UBS says.

Transocean — The world’s largest offshore driller rose more than 1 percent after Barclays upgraded it to overweight, noting that “a transformed offshore industry is starting to emerge.”

Magellan Health — Shares of the healthcare plan and pharmacy benefits manager surged more than 8 percent after Reuters reported that company is exploring a potential sale. The company has come under pressure from activist hedge fund Starboard Value to sell itself, and is in the early stages of considering acquisition interest, Reuters reported, citing people familiar with the matter.

Cadence Design Systems — Shares of the electronics design software maker surged more than 5 percent to a record high after reporting better-than-expected earnings and a 14 percent jump in revenue growth compared to last year. The company also raised its full-year forecast.

Devon Energy — Shares of the oil and natural gas giant rallied more than 9 percent after announcing it plans to spin off its Canadian assets from its core business. The Oklahoma City-based company also raised its quarterly dividend by a penny to 9 cents and increased its stock buyback program by $1 billion. The stock is on pace for its best day of trading since November 2016.

LaZBoy — The furniture maker jumped 10 percent after beating Wall Street’s expectations for fiscal third-quarter sales and earnings. La-Z-Boys reported a 13 percent sales increase year over year.

IMAX — Shares of IMAX rose 4 percent after an analyst at MKM Partners suggested Sony might be “better off” acquiring the company than building out its own “premium large format” movie theater business. Neither company returned CNBC’s request for comment.

—CNBC’s Yun Li, Nadine El-Bawab, Kate Rooney, Michael Bloom and JR Reed contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: fred imbert, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, stocks, cvs, surged, biggest, moves, making, health, company, charles, revenue, stock, shutdown, reported, midday, southwest, earnings, maker, shares, schwab


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Stocks making the biggest moves premarket: CVS Health, Garmin, Gannett, Apple & more

Check out the companies making headlines before the bell:CVS Health – CVS reported adjusted quarterly profit of $2.14 per share, beating the $2.05 consensus estimate. Garmin – The maker of GPS devices posted adjusted quarterly earnings of $1.02 per share, 22 cents a share above estimates. Gannett – The USA Today publisher fell 2 cents a share short of estimates, with adjusted quarterly profit of 44 cents per share. Herbalife Nutrition – Herbalife came in 2 cents a share, ahead of estimates with


Check out the companies making headlines before the bell:CVS Health – CVS reported adjusted quarterly profit of $2.14 per share, beating the $2.05 consensus estimate. Garmin – The maker of GPS devices posted adjusted quarterly earnings of $1.02 per share, 22 cents a share above estimates. Gannett – The USA Today publisher fell 2 cents a share short of estimates, with adjusted quarterly profit of 44 cents per share. Herbalife Nutrition – Herbalife came in 2 cents a share, ahead of estimates with
Stocks making the biggest moves premarket: CVS Health, Garmin, Gannett, Apple & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: peter schacknow
Keywords: news, cnbc, companies, stocks, cvs, biggest, apple, making, health, moves, estimates, gannett, revenue, forecasts, maker, premarket, share, cents, adjusted, quarterly, profit, came, garmin


Stocks making the biggest moves premarket: CVS Health, Garmin, Gannett, Apple & more

Check out the companies making headlines before the bell:

CVS Health – CVS reported adjusted quarterly profit of $2.14 per share, beating the $2.05 consensus estimate. However, revenue fell short of forecasts, and CVS also gave a weaker than expected full year outlook due to deterioration in its long-term care business.

Garmin – The maker of GPS devices posted adjusted quarterly earnings of $1.02 per share, 22 cents a share above estimates. Revenue also came in above Wall Street forecasts, with Garmin reporting strength in its fitness and outdoor product lines.

Gannett – The USA Today publisher fell 2 cents a share short of estimates, with adjusted quarterly profit of 44 cents per share. Revenue also missed forecasts. Gannett notes improvement in its digital business and said it remains committed to a goal of achieving more than half its ad revenue from digital sources.

Apple – The company is hoping to combine its apps for the iPhone, iPad, and Mac by 2021, according to a Bloomberg report.

Wolverine World Wide – The maker of shoe brands like Sperry, Hush Puppies, and Saucony earned an adjusted 52 cents per share for its latest quarter, 3 cents a share above estimates. Revenue came in below forecasts, however, and the company’s 2019 adjusted earnings forecast range falls largely below current consensus.

Owens-Corning – The maker of insulation and other construction materials beat estimates by 12 cents a share, with adjusted quarterly profit of $1.38 per share. Revenue came in above estimates, as well.

Southwest Airlines – Southwest is investigating a surge in maintenance-related flight disruptions, according to Chief Operating Officer Mike Van de Ven. He issued a statement saying the increase had come despite no change in the airline’s maintenance programs or policies. Separately, Goldman Sachs downgraded the stock to “sell” from “neutral,” citing both valuation and a deterioration of profit margins due to its new flights to Hawaii.

NxStage — The Federal Trade Commission approved the acquisition of the U.S.-based home dialysis equipment maker by Germany’s Fresenius Medical Care. The companies agreed to sell NxStage’s bloodline tubing business in order to win approval for the $2 billion transaction.

Tesla – Tesla is planning to launch a leasing option for its Model 3 automobile, according to the news website Electrek. The site quotes an email sent to employees saying they would be able to lease a Model 3 within two weeks, although it did not specify when consumers will have that option.

Teva Pharmaceutical – Teva settled with the US in a case involving the drugmaker’s agreements with rivals. The government had charged that those agreements kept cheaper generic drugs off the market.

LendingClub – LendingClub reported adjusted quarterly profit of three cents per share, a penny a share above estimates. The online lender’s revenue was slightly below Wall Street forecasts. The company’s 2019 revenue forecast of $765 million to $795 million falls below the consensus estimate of $796 million.

Herbalife Nutrition – Herbalife came in 2 cents a share, ahead of estimates with adjusted quarterly profit of 63 cents per share. The health products maker’s revenue came in slightly below consensus, however. Herbalife also raised its sales growth forecast for 2019.

Cadence Design – The maker of electronic design software reported adjusted quarterly profit of 52 cents per share, 5 cents a share above estimates. Revenue also beat Wall Street forecasts. Cadence gave stronger-than-expected earnings and revenue guidance for the current quarter and full year.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: peter schacknow
Keywords: news, cnbc, companies, stocks, cvs, biggest, apple, making, health, moves, estimates, gannett, revenue, forecasts, maker, premarket, share, cents, adjusted, quarterly, profit, came, garmin


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Stocks making the biggest moves after hours: Avis, Navient, Cheesecake Factory and more

Avis estimates 2019 revenues between $9.2 and $9.5 billion, vs. the $9.32 estimated by Wall Street. Navient’s advisors had told Canyon it would require a price of more than $15, The Wall Street Journal reported on Monday, citing people familiar with the matter. Earnings per share were 60 cents, compared to the 62 cents expected by Wall Street. Wall Street estimated earnings of 73 cents on revenue of $1.27 billion, according to Refinitiv. Beating on the top and bottom lines, the company earned $1


Avis estimates 2019 revenues between $9.2 and $9.5 billion, vs. the $9.32 estimated by Wall Street. Navient’s advisors had told Canyon it would require a price of more than $15, The Wall Street Journal reported on Monday, citing people familiar with the matter. Earnings per share were 60 cents, compared to the 62 cents expected by Wall Street. Wall Street estimated earnings of 73 cents on revenue of $1.27 billion, according to Refinitiv. Beating on the top and bottom lines, the company earned $1
Stocks making the biggest moves after hours: Avis, Navient, Cheesecake Factory and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: maggie fitzgerald, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, cents, stocks, company, biggest, revenues, factory, hours, revenue, moves, street, avis, share, cheesecake, earnings, navient, refinitiv, billion, making, wall


Stocks making the biggest moves after hours: Avis, Navient, Cheesecake Factory and more

Check out the companies making headlines after the bell:

Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed by Refinitiv. Avis estimates 2019 revenues between $9.2 and $9.5 billion, vs. the $9.32 estimated by Wall Street. The company sees 2019 adjusted earnings per share between $3.35 and $4.20, vs. the expected $3.79. The stock is up more than 30 percent for the year.

Navient shares fell more than 6 percent after hours following hedge fund Canyon Capital Advisors announcement that it is no longer interested in acquiring the student loan company. Canyon has significant concerns as a shareholder of more than 10 percent of Navient’s stock. This follows a report Monday that Navient’s board voted to reject the $12.50 per share offer from Canyon. Navient’s advisors had told Canyon it would require a price of more than $15, The Wall Street Journal reported on Monday, citing people familiar with the matter.

Shares of Cheesecake Factory rose as much as 2 percent after the market close despite mostly lackluster quarterly results. The restaurant company missed on the top and bottom lines. Revenue was $585 million, missing a Refinitiv estimate of $599 million. Earnings per share were 60 cents, compared to the 62 cents expected by Wall Street. Same-store sales, however, increased 1.9%, beating estimates of a 1.1% increase.

Shares of Agilent dropped nearly 3 percent in extending trading Wednesday despite the company’s better-than-expected first-quarter earnings. The laboratory instrument manufacturer posted earnings of 76 cents per share on revenue of $1.28 billion. Wall Street estimated earnings of 73 cents on revenue of $1.27 billion, according to Refinitiv. Agilent sees 2019 adjusted earnings per share between $3.03 and $3.07, compared to the $3.05 estimate. The company sees 2019 revenues between $5.15 and $5.19 billion, vs. the expected $5.17 billion.

Shares of Jack in the Box jumped more than 3 percent in extending trading after the fast-food restaurant company released its better-than-expected first-quarter earnings. Beating on the top and bottom lines, the company earned $1.35 per share on revenues of $291 million. Analysts forecast earnings of $1.28 per share on revenues of $274 million, according to Refinitiv.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: maggie fitzgerald, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, cents, stocks, company, biggest, revenues, factory, hours, revenue, moves, street, avis, share, cheesecake, earnings, navient, refinitiv, billion, making, wall


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Stocks making the biggest moves midday: Walmart, PG&E, HSBC & more

Check out the companies making headlines midday Tuesday:Walmart — Walmart shares gained more than 3 percent after the retailer posted better-than-expected earnings and revenue for the holiday quarter. U.S. comparable store sales rose 4.2 percent, beating the Refinitiv consensus of 3.2 percent. HSBC — The U.S.-listed shares of HSBC fell nearly 4 percent after the banking giant reported weaker-than-expected earnings. The bank also lowered its 12-month price target for the dieting service company t


Check out the companies making headlines midday Tuesday:Walmart — Walmart shares gained more than 3 percent after the retailer posted better-than-expected earnings and revenue for the holiday quarter. U.S. comparable store sales rose 4.2 percent, beating the Refinitiv consensus of 3.2 percent. HSBC — The U.S.-listed shares of HSBC fell nearly 4 percent after the banking giant reported weaker-than-expected earnings. The bank also lowered its 12-month price target for the dieting service company t
Stocks making the biggest moves midday: Walmart, PG&E, HSBC & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: fred imbert, lucas jackson
Keywords: news, cnbc, companies, midday, rose, expectations, pge, stocks, earnings, making, offer, company, biggest, walmart, service, sales, hsbc, copper, shares, reported, moves


Stocks making the biggest moves midday: Walmart, PG&E, HSBC & more

Check out the companies making headlines midday Tuesday:

Walmart — Walmart shares gained more than 3 percent after the retailer posted better-than-expected earnings and revenue for the holiday quarter. U.S. comparable store sales rose 4.2 percent, beating the Refinitiv consensus of 3.2 percent. Walmart’s e-commerce sales also surged 43 percent as more shoppers use its online grocery delivery service and spend more per trip.

HSBC — The U.S.-listed shares of HSBC fell nearly 4 percent after the banking giant reported weaker-than-expected earnings. HSBC, the largest bank in Europe, posted an annual profit of $19.89 billion for 2018, well below an estimate of $21.26 billion. HSBC’s decline dragged down other European bank stocks, including Deutsche Bank.

PG&E Corp. – Shares of embattled California utility rallied more than 12 percent Tuesday after Citi upgraded the stock to a buy rating. Analyst Praful Mehta said his revision was based on expectations that state lawmakers could move to reduce wildfire liabilities for Golden State utility providers in the future.

Tribune Publishing – Shares of the publishing company rose 17 percent after the NY Post reported that McClatchy — the owner of the Miami Herald and the Sacramento Bee — is set to tender a second buyout offer for Tribune. Any second offer would come two months after McClatchy’s first offer was rejected.

Weight Watchers International — Shares of Weight Watchers tumbled more than 7 percent after J.P. Morgan downgraded them to underweight from neutral, citing a decline in daily active app users in the most important time of the year. The bank also lowered its 12-month price target for the dieting service company to $25 from $37. J.P. Morgan also pointed out the increasingly negative reviews on the app and pressure from competitors Noom and Diet Doctor.

Freeport-McMoRan — Shares of Freeport-McMoRan jumped more than 6 percent after an analyst at Citi upgraded them to buy from neutral, citing “a more constructive market backdrop” for copper miners. “Our thesis is two-fold: copper is highly levered to macro sentiment and copper equities offer significant upside potential,” the analyst said.

Navient — Shares of Navient rose more than 6 percent following the company’s rejection of a $3.2 billion takeover bid. The student loan servicer said the bid undervalues the company.

Canopy Growth — The Canadian cannabis grower fell more than 3 percent Tuesday after GMP Securities downgraded the stock to a hold rating over future profitability concerns. While the marijuana producer beat sales expectations in its recent earnings report, the company disclosed a jump in production costs and a miss on profit expectations.

Service Corporation International — Shares of Service Corporation plummeted 7.13 percent after the company reported quarterly results that missed expectations. The funeral home company announced fourth-quarter revenue of $820.8 million, missing a FactSet estimate by more than $23 million. The company’s earnings per share were 54 cents, 2 cents lower than expected. The company also reduced its 2019 earnings guidance to $1.84-2.02 per share.

—CNBC’s Tom Franck, Yun Li and Nadine El-Bawab contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: fred imbert, lucas jackson
Keywords: news, cnbc, companies, midday, rose, expectations, pge, stocks, earnings, making, offer, company, biggest, walmart, service, sales, hsbc, copper, shares, reported, moves


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