News Stocks 

Semtech stock falls nearly 10% after earnings beat, weak guidance

“Analysts surveyed by FactSet had estimated adjusted earnings of 55 cents a share on revenue of $158.5 million” writes Tech Reporter for marketwatch.com. For the first quarter, analysts model adjusted earnings of 51 cents a share on sales of $156.2 million.SMTC, +1.65% shares fell nearly 10% in the extended session Wednesday after the semiconductor company beat earnings and sales expectations but issued guidance that fell well short of Wall Street predictions.The company said it expects first-quarter adjusted earnings of 30 cents to 36 cents a share and sales of $125…

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Eventbrite plunges over 20% after earnings miss and weak guidance

“Eventbrite missed Wall Street estimates for the fourth quarter, sending shares down more than 20%” writes Finanzen Net Gmbh for businessinsider.com. The company said it posted an adjusted loss of $0.17 a share, compared to the $0.11 loss that analysts were expecting, according to analysts surveyed by Bloomberg.In addition, the online-event-management-and-ticketing company said its sees 2019 first-quarter of between $80 million and $84 million, well shy of the $91 million that was anticipated. Eventbrite shares are on track to open Friday’s session at their lowest price since October. Source: businessinsider.com

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Markets News Stocks 

GE stock options suggest investors are ‘overly optimistic’ about March 14 guidance call

“The next potentially big catalyst for General Electric Co.’s stock GE, +3.73% is the GE Outlook scheduled for March 14, which J.P. Morgan derivative strategist Shawn Quigg said will likely be a “high-impact event.”” writes Reporter Editor for marketwatch.com. Quigg said options pricing had put a 30% probability of a rally above the $10 mark–6.5% above current levels–which he believes is “overly optimistic.”. “Meanwhile, the probability of the stock tracking back towards its December low appears to be rising.”. Conversely, he said the market placed an 18% probability of the…

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Chinese Tesla rival Nio is crashing after slashing its delivery outlook and calling off plans for a Shanghai factory

“Nio, widely seen as the Tesla of China, crashed 20% to $8.12 a share Wednesday after cutting its delivery guidance and canceling plans to build a manufacturing plant in Shanghai” writes Finanzen Net Gmbh for businessinsider.com. The guidance cut prompted analyst Ming Hsun Lee at Bank of America Merrill Lynch to downgrade the stock from “neutral” to “underperform”. Source: businessinsider.com

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News Regulators 

Draghi increasingly likely to leave ECB without ever delivering a rate hike

“Opinion: ECB has a plan for markets and is looking for reasons to act The ECB began cutting interest rates in 2011 as Draghi took the helm” writes Deputy Markets Editor for marketwatch.com. Some economists worry that with rates so low, the ECB has little leeway if the economic picture substantially worsens. “It’s unfortunate timing for [the ECB].In January, the ECB reaffirmed that it won’t move its ultralow rates, including a deposit rate that stands at -0.4% and a main lending rate at 0%, until at least the end of…

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Go-Ahead profit tumbles, but lifts guidance

“Go-Ahead Group PLC (GOG.LN) Thursday reported a 44% drop in pretax profit for the first half of fiscal 2019 but raised its expectations for the full year” writes Adriano Marchese for marketwatch.com. The transport company reported a pretax profit of 44.2 million pounds ($57.7 million) in the six months ended Dec. 29, compared with GBP79.7 million a year before.The company blamed the decline on the shuttering of its London Midland franchise in the first half of fiscal 2018. Source: marketwatch.com

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Danone faces headwinds ahead of 2018 results

“Consensus provided by Danone aims for 2.8% reported sales growth and net income of EUR2.48 billion” writes Anthony Shevlin for marketwatch.com. However, Bernstein expects this business to return to positive territory in the fourth quarter. –Danone should meet its full-year guidance, says Bernstein, although the company’s 2019 guidance should be equally vague. Source: marketwatch.com

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Funko CEO says company not hindered by Toys R Us bankruptcy, promises ‘insane year’ for the brand

“The bankruptcy and subsequent closure of Toys R Us took a big toll on the toy industry” writes Sarah Whitten for cnbc.com. Toys R Us was estimated to account for 10 to 15 percent of all toy sales prior to its closure in June.Funko has become a cornerstone in the geek merchandise industry, but it isn’t your typical toy company.Funko is set to report its fourth quarter earnings on Feb 28 and will provide full-year guidance at that time. Source: cnbc.com

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News Stocks 

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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News Stocks 

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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