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OneSpan stock jumps more than 20% as results top Street estimates

“OneSpan shares, which had been briefly halted before results were released, rallied 29% after hours, following a 3.8% rise to close the regular session at $16.77” writes Wallace Witkowski for marketwatch.com. For the year, OneSpan expects revenue of $229 million to $237 million, while analysts had forecast on revenue of $231.4 million.Analysts surveyed by FactSet had forecast a loss of 2 cents a share on revenue of $59.9 million.OSPN, +3.84% shares surged more than 20% in the extended session Tuesday after the cybersecurity company reported a surprise profit and topped…

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Mattel on pace for worst day in 20 years after undercutting analysts’ 2019 estimates

“The company also expects sales to be flat in 2019 when adjusted for currency” writes Sarah Whitten for cnbc.com. Shares of toymaker Mattel plunged more than 15 percent on Friday after the company posted weaker-than-expected full year 2019 guidance during an analyst meeting in New York.In January, the company announced it had tapped Margot Robbie (“Suicide Squad,” “I, Tonya”) to play Barbie and revealed it would produce a live-action Hot Wheels film.On Friday, the company announced that it would also be producing an American Girl movie. Source: cnbc.com

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UPDATE: Teva stock tumbles premarket as earnings and guidance fall short of estimates

“Excluding impairment charges and restructuring costs, the company had adjusted per-share earnings of 53 cents, below the 55 cents FactSet consensus” writes Ciara Linnane for marketwatch.com. Teva Pharmaceutical Industries Ltd. shares TEVA, +1.59% tumbled 11% in premarket trade Wednesday, after the Israeli generics company missed earnings estimates for the fourth quarter and offered guidance that was also below consensus.The FactSet consensus is for EPS of $2.84 on revenue of $18.061 billion.The company is expecting full-year adjusted EPS of $2.20 to $2.50 on revenue of $17.0 billion to $17.4 billion. Source: marketwatch.com

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Teva stock tumbles premarket as earnings and guidance fall short of estimates

“Teva Pharmaceutical Industries Ltd. shares TEVA, +1.59% tumbled 9.8% in premarket trade Wednesday, after the Israeli generics company missed earnings estimates for the fourth quarter and offered guidance that was also below consensus” writes Ciara Linnane for marketwatch.com. Excluding impairment charges and restructuring costs, the company had adjusted per-share earnings of 53 cents, below the 55 cents FactSet consensus.The FactSet consensus is for EPS of $2.84 on revenue of $18.061 billion.The company is expecting full-year adjusted EPS of $2.20 to $2.50 on revenue of $17.0 billion to $17.4 billion. Source: marketwatch.com

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Activision full-year forecasts miss, to cut nearly 800 jobs

“For the fourth quarter, Activision reported total adjusted revenue of $2.84 billion, missing estimates of $3.04 billion” writes Min Read for reuters.com. Activision’s full-year outlook for adjusted profit of $2.1 per share and revenue of $6.30 billion came in below Wall Street estimates.Analysts were expecting a profit of $2.54 per share and revenue of $7.25 billion, according to IBES data from Refinitiv. Excluding items, the company earned $1.29 per share, just ahead of estimates of $1.28 per share.(Reuters) – Activision Blizzard Inc forecast full-year profit and revenue below analysts’ estimates…

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Skechers shares soar as analysts weigh in on profit beat

“Poser raised his 2019 and 2020 EPS estimates, reduced his revenue estimates, but raised gross margin and lowered SG&A estimates” writes Ciara Linnane for marketwatch.com. Skechers USA Inc. shares soared 17% Friday as analysts weighed in on the casual shoe company’s better-than-expected fourth-quarter profit in earnings released late Thursday.But the company offered upbeat guidance for the first quarter with an EPS range of 70 cents to 75 cents, ahead of the 63 cents consensus.The company beat per-share earnings estimates by 8 cents, thanks to inventory control, expense control and targeted…

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Barron’s spotlights three stocks bucking the earnings slowdown

“Shares are pricey, at 28 times forward earnings estimates, but earnings are expected to grow by double-digit percentages over the next few years” writes Jack Hough for marketwatch.com. Better to screen for something rarer now: companies whose earnings estimates for the first quarter of 2019 have been rising.Shares fetch 20 times projected 2019 earnings but only 15 times free cash flow. The stock goes for 11 times projected 2019 earnings.In M&T’s latest earnings call in mid-January, results beat expectations on solid loan growth and rising margins. Source: marketwatch.com

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Barbie, Hot Wheels drive Mattel’s sales beat; shares soar

“Gross sales rose 12 percent for Barbie and 9 percent for Hot Wheels in the fourth quarter, handily beating analysts’ estimates for both brands” reports businessinsider.com. Overall, Mattel’s net revenue fell 5.4 percent to $1.52 billion, but was still above analysts’ estimates of $1.44 billion.Analysts had expected North American gross sales of $829.6 million, according to four analysts polled by Refinitiv. Source: businessinsider.com

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Tinder growth powers Match earnings beat, shares soar

“Match said it also expects first-quarter adjusted earnings before interest, tax, depreciation and amortization of $150 million to $155 million” writes Min Read for reuters.com. Total revenue rose 20.7 percent to $457.34 million, beating estimates of about $448.5 million.Excluding items, Match earned 43 cents per share, beating estimates of 38 cents, according to IBES data from Refinitiv. Source: reuters.com

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