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Delta Air sets guidance for 2019, targeting growth in EPS and revenue

“DAL, +0.68% set guidance for 2019 on Thursday, saying it expects to deliver per-share earnings of $6 to $7, wrapping around the current FactSet consensus of $6.70” writes Ciara Linnane for marketwatch.com. Shares fell 1.1% in premarket trade, but have gained 0.5% in 2018, while the S&P 500 SPX, +0.54% has fallen 0.8%. Source: marketwatch.com Share This:

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Ulta Beauty sinks after posting a disappointing guidance

“The cosmetics retailer Ulta Beauty fell as much as 7.05% to $272.27 a share late Thursday after the company reported disappointing guidance” writes Finanzen Net Gmbh for businessinsider.com. The stock has been rallying since August 30 — up 18.8% — when reality star Kylie Jenner announced she would sell her cosmetic brand in Ulta Beauty stores during the holiday shopping season.”Traffic surrounding the Kylie Cosmetics launch was particularly strong; checks through Black Friday weekend point to meaningful share transfer from legacy channels to Specialty formats,” Stephanie Wissink, a Jefferies analyst…

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HD Supply beats profit and sales expectations, lifts outlook

“HDS, -0.75% reported Tuesday fiscal third-quarter earnings and revenue that beat expectations, and raised its full-year guidance” writes Reporter Editor for marketwatch.com. Separately, the company set a new $500 million stock buyback program on Nov. 30.Sales rose 17.7% to $1.61 billion, topping the FactSet consensus of $1.59 billion, as 7.4% growth in facilities maintenance sales to $810 million beat expectations of $799 million and the 30% increase in construction and industrial sales to $803 million exceeded expectations of $798 million.For fiscal 2018, the company raised its sales guidance range to…

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Federal workers warned: Advocating Trump impeachment not allowed until second term

“Advocating for a candidate to be impeached, and thus potentially disqualified from holding federal office, is clearly directed at the failure of that candidate’s campaign for federal office,” the office said” reports washingtonexaminer.com. The office similarly found that use of the term “resistance” while Trump is a candidate for re-election could violate the law’s restriction on political speech by federal workers.The unsigned guidance noted that advocating impeachment of “someone who is not a candidate for partisan elective office would not be considered political activity.”. If the president is not seeking…

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LabCorp shares slide 4% premarket after company lowers full-year guidance

“It expects full-year adjusted per-share earnings to range from $10.95 to $11.05 versus prior guidance of $11.25 to $11.45” writes Ciara Linnane for marketwatch.com. The life sciences company is now expecting full-year revenue growth of 9.9% to 10.3%, down from prior guidance of 10.5% to 11.0% offered on Oct. 24.Laboratory Corp. of America Holdings shares LH, -1.99% slid 4% in premarket trade after the company cut its full-year guidance, citing lower-than-expected volumes at LabCorp Diagnostics that’s expected to continue for the rest of the year.Revenue growth at LabCorp Diagnostics is…

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Dollar Tree’s stock drops after same-store sales miss, trimmed guidance

“Same-store sales grew 1.0%, missing the FactSet consensus of a 1.4% rise, as Dollar Tree branded store sales rose 2.3%–below expectations of a 2.6% rise–and Family Dollar branded store sales fell 0.4%, compared with expectations of a 0.2% increase” writes Reporter Editor for marketwatch.com. The company trimmed its 2018 net sales guidance range to $22.72 billion to $22.83 billion from $22.75 billion to $22.97 billion, and revised its EPS guidance range to $4.86 to $4.95 from $4.85 to $5.05, which lowered the midpoint of the ranges to $4.91 from $4.95.The…

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J.M. Smucker’s stock falls after profit and sales miss, lowered guidance

“SJM, +0.16% tumbled 5.7% in premarket trade Wednesday, after the consumer foods company, with brands including Folgers, Smucker’s and Meow Mix, missed profit and sales expectations and cut its full-year outlook” writes Reporter Editor for marketwatch.com. Within its U.S. retail product segments, sales for pet foods jumped 32% to $728.1 million, but missed the FactSet consensus of $747.7 million; coffee slipped 1% to $544.9 million to miss expectations of $554.0 million; and consumer foods declined 12% to $461.9 million to miss expectations of $464.8 million. Source: marketwatch.com Share This:

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Salesforce jumps 5% after delivering ‘beat and raise’ despite rocky few months on the market

“Salesforce jumped more than 5% after delivering a ‘beat and raise’ in its third-quarter earnings Tuesday” writes Becky Peterson for businessinsider.com. But strong third-quarter results, combined with raised revenue guidance for the current fourth quarter, warmed investors to the company. The only miss is Salesforce’s guidance on earnings per share for the fourth quarter, where it came under analysts’ expectations by a couple of cents. Source: businessinsider.com Share This:

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European funders detail their open-access plan

“In seven pages of implementation guidance released today, the funders explain how their grantees can abide by Plan S rules come 2020, when it goes into effect” writes Tania Rabesandratana for sciencemag.org. The guidance aims to explain practicalities and “sets things straight,” said Robert-Jan Smits, the European Commission’s OA envoy and one of the creators of Plan S, at a news briefing in London today.The guidance document, approved unanimously last week by the 16 funding bodies that have signed on to Plan S, does not say exactly how compliance will…

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