News 

Roku downgraded to neutral at Wedbush after earnings

“ROKU, +15.42% shares to neutral from outperform on Friday, a day after the streaming company reported better-than-expected results for its December quarter” writes Emily Bary for marketwatch.com. Roku shares are up 5.5% in premarket trading Friday, and they’ve gained 28% over the past three months.He wrote that the company is also spending up on advertising improvements as well as feature and content enhancements for the Roku Channel.Pachter doesn’t anticipate meaningful contributions from international expansion until at least 2020, though he said the company “is spending handsomely to expand its international…

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Markets News 

Despite the market comeback this year, traders worry an earnings decline will kill the bull market

“We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over” writes unknown author for cnbc.com. If analyst estimates are trustworthy, we are on the verge of an earnings recession, that is, two consecutive quarters where earnings growth goes negative compared from the previous year. After earnings growth north of 20 percent in 2018, what’s behind the slowdown?. As earnings recessions go, this one so far is pretty modest: It looks more like flat earnings growth…

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Markets News 

Singapore bank expects China slowdown to hit growth in loans

“OCBC, the second-largest Singaporean bank by assets, reported a 9 percent increase in customer loans in 2018” writes Yen Nee Lee for cnbc.com. The Greater China region was the second-largest profit contributor for OCBC in 2018, after its home market Singapore.That growth rate is expected to moderate this year amid greater uncertainties in China and globally, said its CEO Samuel Tsien.The economic slowdown in China will affect Oversea-Chinese Banking Corp’s ability to grow its loans business this year, the lender’s chief executive said on Friday.Last year’s loan growth was 9…

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News Stocks 

Sorry Bernie, stock buybacks aren’t to blame for America’s rising income inequality

“This extraordinary statement completely debunks using Census money income to measure not only income inequality but also the standard of living” writes Ed Yardeni for marketwatch.com. They believe that our nation’s glory days can be restored by limiting corporate stock buybacks.The result has been the “worst level of income inequality in decades,” they claim.This is the corporate income that is sheltered from taxation to reflect the expenses incurred in replacing depreciating assets.So this bull market has been driven by rising earnings, but they haven’t been artificially boosted on a per-share…

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News 

Acacia Communications shares jump on better-than-expected quarterly earnings

“Acacia shares rallied 4.9% after hours” writes Markets Reporter for marketwatch.com. ACIA, +1.24% shares rallied in Thursday’s extended session after the optical networking technology company posted quarterly results ahead of Wall Street’s expectations.For the current quarter, Acacia expects revenue in a range of $96 million to $104 million and adjusted earnings per share of 18 cents to 34 cents.Acacia reported it swung to fourth-quarter earnings of $9.1 million, or 22 cents a share, from a loss of $20.4 million, or 52 cents a share, a year earlier.Analysts surveyed by FactSet…

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News Stocks 

Stamps.com stock plummets more than 35% after forecast shows unexpected and substantial declines

“For the full year, that gave Stamps.com adjusted earnings of $11.78 a share on revenue of $586.9 million, reflecting growth of 4% and 35% respectively” writes Jeremy C for marketwatch.com. Stamps.com reported fourth-quarter profit of $42.7 million, or $2.30 a share, on revenue of $170.2 million, up from $132.5 million a year ago.STMP, -2.00% shares plunged more than 35% Thursday afternoon after the company revealed that profit and revenue are expected to hit a huge decline in 2019.Those numbers appear shocking, especially when compared with average analyst estimates of $10.79…

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News Stocks 

Dropbox stock falls after earnings and revenue top expectations

“DBX, +0.39% reported adjusted earnings and revenue that beat Wall Street expectations late Thursday” writes Tech Reporter for marketwatch.com. Adjusted for stock-based compensation, earnings were 10 cents a share, up from 3 cents a share in the year-ago period.Analysts surveyed by FactSet had estimated adjusted earnings of 8 cents a share on sales of $370 million.For the first quarter, analysts model adjusted earnings of 10 cents a share on sales of $378 million.Dropbox stock has fallen 9.8% in the past six months, with the S&P 500 index SPX, -0.35% falling…

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News Stocks 

Trade Desk stock rallies after advertising tech company beats views

“Adjusted for one-time items, the company earned $1.09 a share, compared with 54 cents a share a year ago” writes Claudia Assis for marketwatch.com. Analysts polled by FactSet had expected adjusted earnings of 79 cents a share on sales of $148 million.TTD, +0.27% rose nearly 10% in the extended session Thursday after the advertising technology company reported fourth-quarter earnings well above Wall Street expectations. Source: marketwatch.com

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Deutsche Telekom expects earnings growth to slow in 2019

“Deutsche Telekom forecast that its earnings would continue to grow in 2019 but by less than expected as Chief Executive Tim Hoettges looks to close a key U.S. merger, acquire spectrum and roll out 5G services” writes unknown author for cnbc.com. After a 5 percent rise in 2018 core profit, Europe’s leading mobile operator expects 2019 adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) after leases to grow by 3 percent to 23.9 billion euros ($27.1 billion). Although in line with its own projections given in 2018, it compares…

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BAE Systems profit up 14%; order backlog higher

“British weapons maker BAE Systems PLC (BA.LN) on Thursday reported a 14% rise in 2018 pretax profit and said it expects underlying earnings per share for 2019 to grow by a mid-single-digit percentage” writes Ian Walker for marketwatch.com. BAE made a pretax profit of 1.22 billion pounds ($1.59 billion) compared with GBP1.07 billion a year earlier on revenue that fell 2.3% to GBP16.82 billion.Underlying earnings per share–the company’s preferred metric, which strips out exceptional and other one-off items–rose to 42.9 pence a share from 42.1 pence a year earlier.The company’s…

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