US airlines cancel flights after FAA grounds Boeing 737 Max jets

That has left airlines scrambling to rebook passengers and reassign planes. American Airlines, which has 24 Boeing 737 Max planes in its fleet of nearly 1,000 aircraft, said it was ferrying those planes to be parked until the FAA order is lifted. It operates about 85 flights out its 6,700 flights a day using the Max. United Airlines has 14 of the Boeing 737 Max 9s, a larger model, in its fleet. Southwest Airlines flies 34 Boeing 737 8s that service about 4 percent of its daily flights.


That has left airlines scrambling to rebook passengers and reassign planes. American Airlines, which has 24 Boeing 737 Max planes in its fleet of nearly 1,000 aircraft, said it was ferrying those planes to be parked until the FAA order is lifted. It operates about 85 flights out its 6,700 flights a day using the Max. United Airlines has 14 of the Boeing 737 Max 9s, a larger model, in its fleet. Southwest Airlines flies 34 Boeing 737 8s that service about 4 percent of its daily flights.
US airlines cancel flights after FAA grounds Boeing 737 Max jets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: leslie josephs, shannon stapleton
Keywords: news, cnbc, companies, flights, 737, airlines, planes, cancel, grounds, travelers, passengers, rebook, boeing, jets, faa, order, max


US airlines cancel flights after FAA grounds Boeing 737 Max jets

The U.S. Federal Aviation Administration on Wednesday joined dozens of other countries’ regulators in ordering airlines to ground new Boeing 737 Max planes, citing evidence linking a deadly crash of one of them in Ethiopia over the weekend to a similar fatal flight in Indonesia in October. (You can find more detail on why the planes were grounded here.)

That has left airlines scrambling to rebook passengers and reassign planes. The three U.S. airlines — United, American and Southwest — that have recently added the planes to their fleets, and have more on order, said they will rebook or waive ticket-change fees and fare differences for travelers affected by the FAA’s order, which went into immediate effect.

American Airlines, which has 24 Boeing 737 Max planes in its fleet of nearly 1,000 aircraft, said it was ferrying those planes to be parked until the FAA order is lifted. It operates about 85 flights out its 6,700 flights a day using the Max.

Routes with multiple flights each day, where passengers can more easily be rebooked to another time, are likely to take the biggest hit. Travelers who aren’t booked on the Max may also be affected as airlines deploy their planes to cover other routes with less frequent service.

United Airlines has 14 of the Boeing 737 Max 9s, a larger model, in its fleet. The airline said it expects minimal disruptions from the issue, but it will work with customers if their flights are canceled.

Southwest Airlines flies 34 Boeing 737 8s that service about 4 percent of its daily flights. The carrier does not charge travelers to change their trips, but said passengers booked on canceled Boeing Max flights won’t have to pay the difference in fares to change their dates if it’s within two weeks of their original departure.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: leslie josephs, shannon stapleton
Keywords: news, cnbc, companies, flights, 737, airlines, planes, cancel, grounds, travelers, passengers, rebook, boeing, jets, faa, order, max


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Bank of America lays out the bull and bear cases for Apple, a day after upgrading the stock

Bank of America has laid out the bull and bear cases for Apple, a day after upgrading the stock and raising the firm’s price target to $210. The note outlines 10 points for each case, based on responses the analysts heard from investors after their big call Monday. Among the bear points: price pressure from cheaper competitors, underwhelming developments in the iPhone, and threats to the App Store’s current revenue share structure. Apple stock has been on something of an upswing in recent months


Bank of America has laid out the bull and bear cases for Apple, a day after upgrading the stock and raising the firm’s price target to $210. The note outlines 10 points for each case, based on responses the analysts heard from investors after their big call Monday. Among the bear points: price pressure from cheaper competitors, underwhelming developments in the iPhone, and threats to the App Store’s current revenue share structure. Apple stock has been on something of an upswing in recent months
Bank of America lays out the bull and bear cases for Apple, a day after upgrading the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: sara salinas, shannon stapleton
Keywords: news, cnbc, companies, day, cases, bank, bear, points, price, remains, investors, bull, upgrading, apple, america, lays, stock, continue, hardware, note


Bank of America lays out the bull and bear cases for Apple, a day after upgrading the stock

Bank of America has laid out the bull and bear cases for Apple, a day after upgrading the stock and raising the firm’s price target to $210.

“Significant controversy remains over Apple’s long-term trajectory. Most investors agree that Apple remains a hardware story, and while Services continue to grow double digits y/y, the majority of gross profit dollars would continue to come from hardware in the next few years,” Bank of American analysts said in a note to clients published Tuesday.

The note outlines 10 points for each case, based on responses the analysts heard from investors after their big call Monday. Among the bull points: easier comps in 2019, a likely trade deal with China, and the potential for a large buyback authorization in April.

Among the bear points: price pressure from cheaper competitors, underwhelming developments in the iPhone, and threats to the App Store’s current revenue share structure. (Apple takes a 30 percent cut from most apps and subscriptions sold through the App Store.)

Apple stock has been on something of an upswing in recent months after a devastating fourth quarter. Shares are up 14 percent year-to-date, erasing some of the end-of-2018 losses when Apple shed 30 percent.

Apple rose roughly 1 percent in early trading Tuesday.

WATCH: Bank of America: buy Apple


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: sara salinas, shannon stapleton
Keywords: news, cnbc, companies, day, cases, bank, bear, points, price, remains, investors, bull, upgrading, apple, america, lays, stock, continue, hardware, note


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Home security firm ADT’s outlook disappoints, shares sink 10%

ADT reported a quarterly loss and forecast 2019 revenue and EBITDA below Wall Street estimates amid intensifying competition from fast-growing do-it-yourself home security offerings such as Google Nest. ADT’s shares fell more than 10 percent in after-hours trading. ADT has expanded its home security and commercial security offering through acquisitions over the past few months. ADT said it expects 2019 revenue in a range of $4.90 billion to $5.10 billion, largely below the average analyst estima


ADT reported a quarterly loss and forecast 2019 revenue and EBITDA below Wall Street estimates amid intensifying competition from fast-growing do-it-yourself home security offerings such as Google Nest. ADT’s shares fell more than 10 percent in after-hours trading. ADT has expanded its home security and commercial security offering through acquisitions over the past few months. ADT said it expects 2019 revenue in a range of $4.90 billion to $5.10 billion, largely below the average analyst estima
Home security firm ADT’s outlook disappoints, shares sink 10% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: shannon stapleton
Keywords: news, cnbc, companies, street, wall, adts, outlook, billion, disappoints, tax, systems, revenue, sink, million, security, share, firm, shares, 2019


Home security firm ADT's outlook disappoints, shares sink 10%

ADT reported a quarterly loss and forecast 2019 revenue and EBITDA below Wall Street estimates amid intensifying competition from fast-growing do-it-yourself home security offerings such as Google Nest.

ADT’s shares fell more than 10 percent in after-hours trading.

Security products such as Google Nest, SimpliSafe and Frontpoint can be self-installed, have a lower monthly fee and may or may not be monitored by a third party.

These products compete with ADT’s Pulse, which allows users to monitor and manage their home remotely.

ADT’s 2019 free cash flow growth forecast of 6 percent to 13 percent was a sharp deceleration from the more than 33 percent growth in 2018, as the company invests $40 million this year in initiatives such as branding to counter competition and hiring staff to expand its business.

“We will make selective brand investments and we continue to solidify ADT’s position as the leader in home automation and security,” Chief Financial Officer Jeffrey Likosar said on a conference call.

ADT has expanded its home security and commercial security offering through acquisitions over the past few months.

The company bought do-it-yourself home security provider Lifeshield for about $25 million in February and purchased Advanced Cabling Systems — a provider of fire alarm and video surveillance systems — in January.

ADT said it expects 2019 revenue in a range of $4.90 billion to $5.10 billion, largely below the average analyst estimate of $4.92 billion, according to IBES data from Refinitiv.

The company’s full-year earnings before interest, tax, depreciation and amortization (EBITDA) outlook of between $2.46 billion and $2.50 billion was also below Wall Street expectations of $2.56 billion.

ADT reported a net loss of $149 million, or 20 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $638 million, or 99 cents per share, a year earlier, when it recorded a benefit due to the U.S. tax reform.

ADT took a goodwill impairment charge of $88 million in 2018 due to underperformance of its Canadian business.

Revenue rose 7.1 to $1.19 billion.


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: shannon stapleton
Keywords: news, cnbc, companies, street, wall, adts, outlook, billion, disappoints, tax, systems, revenue, sink, million, security, share, firm, shares, 2019


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Apple has more open software jobs than hardware jobs for the first time in years

As Apple puts a new focus on its services business, the company is looking to fill more software jobs than hardware jobs for the first time in years, according to data published by Thinknum, a company that monitors changes to websites. Thinknum found that, as of Feb. 27, Apple had nearly 1,400 jobs related to software and services, while it was searching for just over 1,000 hardware engineers. Apple has typically hired more hardware engineers in recent years, according to Thinknum data, since pr


As Apple puts a new focus on its services business, the company is looking to fill more software jobs than hardware jobs for the first time in years, according to data published by Thinknum, a company that monitors changes to websites. Thinknum found that, as of Feb. 27, Apple had nearly 1,400 jobs related to software and services, while it was searching for just over 1,000 hardware engineers. Apple has typically hired more hardware engineers in recent years, according to Thinknum data, since pr
Apple has more open software jobs than hardware jobs for the first time in years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: todd haselton, shannon stapleton, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, revenue, business, users, apple, open, iphone, service, thinknum, jobs, software, services, hardware


Apple has more open software jobs than hardware jobs for the first time in years

As Apple puts a new focus on its services business, the company is looking to fill more software jobs than hardware jobs for the first time in years, according to data published by Thinknum, a company that monitors changes to websites.

Thinknum found that, as of Feb. 27, Apple had nearly 1,400 jobs related to software and services, while it was searching for just over 1,000 hardware engineers. Apple has typically hired more hardware engineers in recent years, according to Thinknum data, since products like the iPhone have been the driving force of its business.

There’s a reason why that may be changing.

People aren’t buying iPhones as frequently as they used to, so Apple is zeroing in on its services business, which generated $10.9 billion in revenue during the first quarter. That a far cry from the $51.98 billion in revenue Apple’s iPhone business raked in, but Apple has a few strategies in place to grow services — including through hiring.

Apple is expected to introduce a new streaming TV service at an event that is reportedly set for March 25. The TV service may launch in April and will, at least to start, include free original shows for iPhone and iPad users. Apple is also reportedly ready to introduce a new subscription news platform.

The thought is that with more than 900 million people using iOS devices, those users can help generate recurring revenue for Apple through services such as Apple Music, iCloud, the upcoming paid news service, streaming video and more.

Read more on Thinknum.


Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: todd haselton, shannon stapleton, jaap arriens, nurphoto, getty images
Keywords: news, cnbc, companies, revenue, business, users, apple, open, iphone, service, thinknum, jobs, software, services, hardware


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Park ranger furloughed during the government shutdown wins $29.5 million lottery jackpot

While many federal employees are still recovering from the 35-day government shutdown, National Park Service employee Judith Smith is counting her blessings. She’s the winner of New Jersey’s $29.5 million lottery prize, the largest Pick 6 jackpot since May 2004. Smith, who was once furloughed from her job during the shutdown, purchased her ticket at Eddy’s Wine and Liquors in Bayonne, New Jersey, just in time for the Dec. 17 drawing. A day after the drawing, NorthJersey.com reports that Smith se


While many federal employees are still recovering from the 35-day government shutdown, National Park Service employee Judith Smith is counting her blessings. She’s the winner of New Jersey’s $29.5 million lottery prize, the largest Pick 6 jackpot since May 2004. Smith, who was once furloughed from her job during the shutdown, purchased her ticket at Eddy’s Wine and Liquors in Bayonne, New Jersey, just in time for the Dec. 17 drawing. A day after the drawing, NorthJersey.com reports that Smith se
Park ranger furloughed during the government shutdown wins $29.5 million lottery jackpot Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: courtney connley, shannon stapleton
Keywords: news, cnbc, companies, wins, park, furloughed, william, winning, lottery, ticket, drawing, wine, ranger, million, winner, jackpot, thats, 295, shutdown, smith, eddys


Park ranger furloughed during the government shutdown wins $29.5 million lottery jackpot

While many federal employees are still recovering from the 35-day government shutdown, National Park Service employee Judith Smith is counting her blessings.

She’s the winner of New Jersey’s $29.5 million lottery prize, the largest Pick 6 jackpot since May 2004.

Smith, who was once furloughed from her job during the shutdown, purchased her ticket at Eddy’s Wine and Liquors in Bayonne, New Jersey, just in time for the Dec. 17 drawing. A day after the drawing, NorthJersey.com reports that Smith sent her son, William, back to Eddy’s after finding out that’s where the winning ticket was purchased.

Using the self-check machine to scan the ticket, William says that’s when he discovered that his mom did, in fact, win the lottery.

“It said ‘file a claim, please see the clerk,’ and I knew right away, something, more than $500,” he told CNN affiliate WABC.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: courtney connley, shannon stapleton
Keywords: news, cnbc, companies, wins, park, furloughed, william, winning, lottery, ticket, drawing, wine, ranger, million, winner, jackpot, thats, 295, shutdown, smith, eddys


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Goldman Sachs: Investors need to get back to stock picking

With the S&P 500 now 17 percent off its low, investors should turn to picking individual stocks to capture the best stock market returns, according to Goldman Sachs stock strategists. “We forecast a stable macro environment in the near-term, characterized by steady US economic activity and a patient Fed, which we believe has been priced in the market,” the Goldman strategists wrote. Goldman strategists constructed a list of stocks that have those high ‘dispersion scores,’ meaning stocks that are


With the S&P 500 now 17 percent off its low, investors should turn to picking individual stocks to capture the best stock market returns, according to Goldman Sachs stock strategists. “We forecast a stable macro environment in the near-term, characterized by steady US economic activity and a patient Fed, which we believe has been priced in the market,” the Goldman strategists wrote. Goldman strategists constructed a list of stocks that have those high ‘dispersion scores,’ meaning stocks that are
Goldman Sachs: Investors need to get back to stock picking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: patti domm, shannon stapleton
Keywords: news, cnbc, companies, investors, wrote, sachs, stocks, market, need, dispersion, returns, strategists, goldman, high, outflows, picking, stock


Goldman Sachs: Investors need to get back to stock picking

With the S&P 500 now 17 percent off its low, investors should turn to picking individual stocks to capture the best stock market returns, according to Goldman Sachs stock strategists.

Stock-picking opportunities are most plentiful among stocks in the consumer discretionary, communications serivces and health care sectors. They highlight stocks like Monster Beverage, WellCare Health Plans, Incyte, Twitter and NVIDIA.

The stock market’s move higher since the December low has been a ‘macro’ trade, where the whole market rose, defensives lagged and cyclicals led the way. As a result, stocks have become extremely correlated to each other and the market. Now at the 94th percentile, the correlation is the fourth largest on record, and Goldman recommends a list of stocks that have a high “dispersion” or are bucking the trend.

“We forecast a stable macro environment in the near-term, characterized by steady US economic activity and a patient Fed, which we believe has been priced in the market,” the Goldman strategists wrote. They expected a limited move to 2,750 by midyear, but the strategists expect a move to 3,000 on the S&P 500 by year end.

So near term, gains should be capped, and the strategists expect the market to be flat for the next three to six months.That means stock pickers could fair better than those that buy the whole market or even sector ETFs.

“We have seen nascent signs of this rotation to ‘alpha’ with ETF outflows that have exceeded mutual fund outflows. Consistent with the ongoing transition from active to passive, ETFs saw inflows throughout much of 2018, while mutual funds experienced substantial outflows,” they wrote. But during the month of January, as stocks gained 8 percent, investors dumped ETFs, and outflows swelled to $32 billion, compared with just $8 billion leaving mutual funds.

Goldman strategists constructed a list of stocks that have those high ‘dispersion scores,’ meaning stocks that are driven more by micro factors than are associated with big macro moves.

“Stocks with high dispersion scores are more likely to have heightened responses to idiosyncratic news and present the best alpha generation opportunities,” the Goldman strategists wrote. “Importantly, high dispersion scores do not necessarily suggest outsized positive returns alone, but rather returns that deviate most from market returns in either direction.”

Included on Goldman’s list were Advanced Micro Devices, UnderArmour, United Continental, Newmont Mining, Best Buy, Activision Blizzard, Gap, Nordstrom, Newell Brands and Dish Network.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: patti domm, shannon stapleton
Keywords: news, cnbc, companies, investors, wrote, sachs, stocks, market, need, dispersion, returns, strategists, goldman, high, outflows, picking, stock


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Apple’s big services push will reportedly kick off with a March 25 event

Apple is holding an event on March 25 to announce new services, including streaming video and subscription news, according to reports in BuzzFeed and Bloomberg. Adding new subscription services would help Apple bolster its services revenue, which the company is counting on to spur growth as iPhone sales fall. On Tuesday, Goldman Sachs analysts pointed out the dependence on Google and suggested that a new Apple Prime service is necessary to keep services revenue growing. Apple will also reportedl


Apple is holding an event on March 25 to announce new services, including streaming video and subscription news, according to reports in BuzzFeed and Bloomberg. Adding new subscription services would help Apple bolster its services revenue, which the company is counting on to spur growth as iPhone sales fall. On Tuesday, Goldman Sachs analysts pointed out the dependence on Google and suggested that a new Apple Prime service is necessary to keep services revenue growing. Apple will also reportedl
Apple’s big services push will reportedly kick off with a March 25 event Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: matt rosoff, shannon stapleton
Keywords: news, cnbc, companies, services, reportedly, service, push, revenue, apples, video, subscription, iphone, company, big, tv, event, 25, kick, apple


Apple's big services push will reportedly kick off with a March 25 event

Apple is holding an event on March 25 to announce new services, including streaming video and subscription news, according to reports in BuzzFeed and Bloomberg.

Adding new subscription services would help Apple bolster its services revenue, which the company is counting on to spur growth as iPhone sales fall. iPhone revenues were down 15 percent in the fourth quarter of 2018, and things don’t look much brighter for the iPhone as the year rolls on.

Today, the company’s services revenue includes a large component from Google, which pays Apple to be the default search engine, as well as from sales of apps and content. On Tuesday, Goldman Sachs analysts pointed out the dependence on Google and suggested that a new Apple Prime service is necessary to keep services revenue growing.

At the March 25 event, the company is widely expected to unveil a new video streaming service that will combine free original content with subscription video services from companies such as Starz and Showtime, with a debut in April or May, and negotiations are still underway with HBO, as CNBC previously reported. That service would be integrated into the company’s TV app.

Apple will also reportedly use the event to introduce a bundled news product that will combine subscription offerings from multiple publishers. The company has been driving a hard bargain with news outlets, asking for about half of the revenues from the service, The Wall Street Journal reported on Tuesday.

Apple declined to comment.

WATCH: Apple to launch TV service in April


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: matt rosoff, shannon stapleton
Keywords: news, cnbc, companies, services, reportedly, service, push, revenue, apples, video, subscription, iphone, company, big, tv, event, 25, kick, apple


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Apple’s big services push will reportedly kick off with a March 25 event

Apple is holding an event on March 25 to announce new services, including streaming video and subscription news, according to reports in BuzzFeed and Bloomberg. Adding new subscription services would help Apple bolster its services revenue, which the company is counting on to spur growth as iPhone sales fall. On Tuesday, Goldman Sachs analysts pointed out the dependence on Google and suggested that a new Apple Prime service is necessary to keep services revenue growing. Apple will also reportedl


Apple is holding an event on March 25 to announce new services, including streaming video and subscription news, according to reports in BuzzFeed and Bloomberg. Adding new subscription services would help Apple bolster its services revenue, which the company is counting on to spur growth as iPhone sales fall. On Tuesday, Goldman Sachs analysts pointed out the dependence on Google and suggested that a new Apple Prime service is necessary to keep services revenue growing. Apple will also reportedl
Apple’s big services push will reportedly kick off with a March 25 event Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: matt rosoff, shannon stapleton
Keywords: news, cnbc, companies, services, reportedly, service, push, revenue, apples, video, subscription, iphone, company, big, tv, event, 25, kick, apple


Apple's big services push will reportedly kick off with a March 25 event

Apple is holding an event on March 25 to announce new services, including streaming video and subscription news, according to reports in BuzzFeed and Bloomberg.

Adding new subscription services would help Apple bolster its services revenue, which the company is counting on to spur growth as iPhone sales fall. iPhone revenues were down 15 percent in the fourth quarter of 2018, and things don’t look much brighter for the iPhone as the year rolls on.

Today, the company’s services revenue includes a large component from Google, which pays Apple to be the default search engine, as well as from sales of apps and content. On Tuesday, Goldman Sachs analysts pointed out the dependence on Google and suggested that a new Apple Prime service is necessary to keep services revenue growing.

At the March 25 event, the company is widely expected to unveil a new video streaming service that will combine free original content with subscription video services from companies such as Starz and Showtime, with a debut in April or May, and negotiations are still underway with HBO, as CNBC previously reported. That service would be integrated into the company’s TV app.

Apple will also reportedly use the event to introduce a bundled news product that will combine subscription offerings from multiple publishers. The company has been driving a hard bargain with news outlets, asking for about half of the revenues from the service, The Wall Street Journal reported on Tuesday.

Apple declined to comment.

WATCH: Apple to launch TV service in April


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: matt rosoff, shannon stapleton
Keywords: news, cnbc, companies, services, reportedly, service, push, revenue, apples, video, subscription, iphone, company, big, tv, event, 25, kick, apple


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Apple and Facebook have a better chance than Amazon of beating earnings expectations

Amazon, which reports Thursday, has a spottier record, beating earnings estimates only 62 percent of the time. Apple has a solid track record of beating earnings estimates and has done so 88 percent of the time and beat on sales 77 percent of the time. Facebook, which releases its fourth-quarter numbers on Wednesday, averages a 2.8 percent gain on the day after it reports earnings. Bespoke said in terms of sales, Facebook has an 88 percent beat rate. It missed estimates in the last two quarters,


Amazon, which reports Thursday, has a spottier record, beating earnings estimates only 62 percent of the time. Apple has a solid track record of beating earnings estimates and has done so 88 percent of the time and beat on sales 77 percent of the time. Facebook, which releases its fourth-quarter numbers on Wednesday, averages a 2.8 percent gain on the day after it reports earnings. Bespoke said in terms of sales, Facebook has an 88 percent beat rate. It missed estimates in the last two quarters,
Apple and Facebook have a better chance than Amazon of beating earnings expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: patti domm, shannon stapleton
Keywords: news, cnbc, companies, apple, amazon, guidance, earnings, fourthquarter, chance, day, reports, better, beating, firstquarter, expectations, sales, facebook, estimates, stock


Apple and Facebook have a better chance than Amazon of beating earnings expectations

If history is a guide, there’s a very good chance Apple’s earnings will be better than expected when it reports Tuesday afternoon, but the stock may not perform all that well.

Bespoke Finance Group studied three FANG-related stocks reporting earnings this week and found that Facebook has the best track record, with a 96 percent earnings beat rate and the best post-earnings stock performance. Amazon, which reports Thursday, has a spottier record, beating earnings estimates only 62 percent of the time.

Apple has a solid track record of beating earnings estimates and has done so 88 percent of the time and beat on sales 77 percent of the time. But while its stock has gained 58 percent of the time the day after its report, with an average 1.2 percent gain, it has averaged a decline after fiscal first-quarter results. Going back to 2001, when it has released those first-quarter results in January, the stock has declined an average 0.95 percent, according to Bespoke.

Apple has already warned about a revenue shortfall in the first quarter, and Bespoke notes that Apple has often lowered guidance when reporting earnings in January. In fact, it lowered guidance when it issued nine of its last 13 fiscal first-quarter reports.

Facebook, which releases its fourth-quarter numbers on Wednesday, averages a 2.8 percent gain on the day after it reports earnings. But when it releases fourth-quarter results, Facebook stock has gained an average 5.4 percent the next day. Overall, Facebook stock has risen 58 percent of the time the day after its earnings report.

Bespoke said in terms of sales, Facebook has an 88 percent beat rate. It missed estimates in the last two quarters, but before that, it had only missed sales estimates once. “Weakening revenue growth is one of the reasons the stock struggled so much in the second half of 2018,” Bespoke said.

Amazon’s fourth-quarter reports have been “hit or miss” over the past eight years, according to Bespoke. “The stock has beaten EPS on 5 of its last 8 Q4 reports, but it has only beaten sales estimates once (last Q4). From 2002 to 2010, the stock raised guidance on 5 of its 9 Q4 reports, but since 2011, the stock has lowered guidance 4 times,” Bespoke wrote.

Amazon’s stock reaction has also been wide ranging. After its January release of fourth-quarter earnings, its stock has averaged a 0.2 percent decline, but after the first-quarter report in April, it has gained an average 5 percent.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: patti domm, shannon stapleton
Keywords: news, cnbc, companies, apple, amazon, guidance, earnings, fourthquarter, chance, day, reports, better, beating, firstquarter, expectations, sales, facebook, estimates, stock


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Apple FaceTime bug lets you listen even if someone doesn’t answer

There’s a FaceTime bug that lets you hear through someone else’s iPhone, even if they haven’t answered your phone call. I tried placing a video call to my editor from my iPhone using Apple’s FaceTime app. This bug seems to rely on the FaceTime Group Call feature, since you’re trying to add another person to the call. You could theoretically call anyone with FaceTime and, using the steps above, listen in on their conversations. In the meantime, the fastest fix right now is to just turn off FaceTi


There’s a FaceTime bug that lets you hear through someone else’s iPhone, even if they haven’t answered your phone call. I tried placing a video call to my editor from my iPhone using Apple’s FaceTime app. This bug seems to rely on the FaceTime Group Call feature, since you’re trying to add another person to the call. You could theoretically call anyone with FaceTime and, using the steps above, listen in on their conversations. In the meantime, the fastest fix right now is to just turn off FaceTi
Apple FaceTime bug lets you listen even if someone doesn’t answer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: todd haselton, shannon stapleton
Keywords: news, cnbc, companies, picked, video, phone, week, doesnt, listen, facetime, apple, person, fix, youre, answer, using, lets, bug


Apple FaceTime bug lets you listen even if someone doesn't answer

There’s a FaceTime bug that lets you hear through someone else’s iPhone, even if they haven’t answered your phone call. It was previously reported on Twitter by user Benji Mobb and covered by 9to5Mac.

CNBC tested it and verified that it’s a real bug. I tried placing a video call to my editor from my iPhone using Apple’s FaceTime app. Then, before he picked up, I used the menu option to add somebody else to the call and, as 9to5Mac’s directions state, I added myself to the call. Suddenly, I could hear my editor, even though he never picked up. We continued having a conversation while his phone only gave him the option to answer. There was no indication that the call had already gone through.

The Verge noticed reports that, if the person you’re calling tries to end it by tapping the power button on their phone, it sends video but no audio. That means the person calling you can see a video of you or your surroundings as if you’d answered the call. I replicated this with a friend.

This bug seems to rely on the FaceTime Group Call feature, since you’re trying to add another person to the call. Group FaceTime launched last year.

There’s obviously a big privacy concern here. You could theoretically call anyone with FaceTime and, using the steps above, listen in on their conversations.

Apple said a fix is coming this week. “We’re aware of this issue and we have identified a fix that will be released in a software update later this week,” a spokesperson told CNBC.

In the meantime, the fastest fix right now is to just turn off FaceTime. Here’s how:


Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: todd haselton, shannon stapleton
Keywords: news, cnbc, companies, picked, video, phone, week, doesnt, listen, facetime, apple, person, fix, youre, answer, using, lets, bug


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