Posts tagged news
DirecTV Tops Estimates As Net Adds Rise YoY
May 8th
DirecTV (NYSE:DTV) reported Q1 EPS of $1.07, topping estimates of $1.05.
Revenues in the quarter came in at $7.05 billion, vs. estimates of $7.04 billion.
Mike White, President and CEO of DIRECTV commented on the earnings, “Consolidated revenue accelerated to 13% exceeding both last year and first quarter growth rates as DIRECTV Latin America’s continued record subscriber additions coupled with strong ARPU growth propelled a 46% increase in DTVLA revenues while DIRECTV U.S. delivered another solid quarter of industry leading revenue growth of 7%.”
Currently, DirecTV is lower by 2.37% to $46.76 in early morning trading.
Estee Lauder Tops Estimates But Sandbags Q4 Guidance (EL)
May 4th
Estee Lauder (NYSE:EL) reported Q3 EPS of $0.38, topping estimates by $0.04. Revenues in the quarter came in at $2.25 billion, vs. its growth forecast of 4% – 5%, which implies $2.25 billion – $2.27 billion, vs. estimates of $2.25 billion. The company sees Q4 EPS ex-items of 11c-16c, vs. estimates of 20c. The company sees revenue growth 10%-11%, vs. estimates of $2.19 billion implies growth 6%. The company sees $140 million – $160 million in savings from strategic plan, initiatives in FY2012. Estee Lauder raised its FY2012 EPS forecast to $2.21-$2.26, having seen $2.16-$2.23 in February, vs. estimates of $2.26; the company sees revenue growth 10%, vs. its prior guidance of 9%-10% implying $9.60 billion – $9.69 billion, vs. estimates of $9.66 billion.
Warner Chilcott Reports Mixed Results, Cuts Guidance (WCRX)
May 4th
Warner Chilcott (NASDAQ:WCRX) reported Q1 EPS of $1.16, topping estimates of $0.17. Revenues in the quarter fell 9.5% year-over-year to $685 million, missing estimates by $37 million. Warner Chilcott sees FY 2012 adjusted CNI per share $3.30-$3.40, vs. its prior guidance of $3.60-$3.70. The company sees revenues of $2.4 billion – $2.5 billion, vs. its prior guidance of $2.5 billion – $2.6 billion. SmarTrend is bullish on shares of Warner Chilcott and our subscribers were alerted to buy on April 25, 2012 at $17.30. The stock has risen 25.1% since the alert was issued. Warner Chilcott PLC is a pharmaceutical company. The Company is focused on marketing, selling, developing and manufacturing branded prescription pharmaceutical products in women’s healthcare and dermatology in the United States.
General Motors Beats Estimates Despite Weakness In Europe
May 3rd
General Motors (NYSE:GM) reported Q1 EPS of $0.93, topping estimates of $0.85.
Revenues in the quarter came in at $37.8 billion, vs. estimates of $37.55 billion. T
The company reported Q1 adjusted EBIT of $2.2 billion. The company reported Q1 segment adjusted operating profit and losses: N. America $1.7 billion, Europe loss ($256 million), S. America $83 million and International ops (incl. China) $529 million. Q1 global sales rose to 2.3 million units.
The carmaker is not fairing well in the early trading session however. General Motors is down 2 and a half percent to $22.36.
Visa Down on Earnings News
May 3rd
A stock to watch this trading session is Visa, who reported their second quarter earnings after the bell yesterday. The credit card company posted an EPS of $1.42, beating estimates of $1.12 a share.
Visa also boosted its forecast for fiscal year EPS, anticipating high teens to low twenties versus its prior view of the high teens.
Joseph Saunders, Chairman and Chief Executive Officer, Visa Inc. commented on the earnings, “Our strong financial performance this quarter was fueled by continued growth of U.S. credit products, strong cross border spending and expansion of Visa’s core business in international markets. Across the globe Visa’s business continues to expand at a healthy pace, the result of our commitment to continued expansion in our core business as well as our ability to leverage innovative payment technologies.”
Despite the positive earnings report, VIsa is trading slightly down this morning. A little over 1% lower to $120.68
Clorox Reports Positive Sales Growth, Weak EPS
May 2nd
Clorox released its third quarter earnings this morning, posting a diluted EPS of $1.02, below consensus estimates of $1.03 a share.
Volume for the quarter of fiscal year 2012 increased 4 percent and sales grew 7 percent, with both delivering gains in all four of the company’s reportable segments.
Chairman and Chief Executive Officer Don Knauss commented on the earnings saying, “I’m very pleased with our top-line growth in the third quarter. We delivered our highest year-over-year sales growth in more than three years. In our U.S. business, sales grew more than 8 percent, and were up more than 6 percent excluding acquisitions. Our categories continued to recover and our market share reached an all-time high. At the same time, margin results were below expectations and remain an area of focus. Looking ahead, we expect margins to begin stabilizing next fiscal year.”
Master Card Reports Higher Profits and Transaction Volume
May 2nd
MasterCard reported its first quarter financial results this morning, posting an EPS of $5.36, beating estimates of $5.30 a share.
Revenue for the quarter rose 17% year over year to $1.8 billion, also beating consensus estimates of $1.73 billion.
The company also reported that processed transactions increased 29% to 7.7 billion.
Ajay Banga, MasterCard president and chief executive officer commented on the earnings, “We had a good start to the year with solid first quarter results driven by an increase in processed transactions, the highest quarterly growth rate since our IPO, as well as positive volume growth in all regions as consumers continue to adopt electronic payments. We are leveraging opportunities around the world. In the U.S., we have significantly improved our position in debit and now have the capability to process transactions on about half of all U.S. debit cards. Outside of the U.S., the acquisitions of DataCash and Access Prepaid Worldwide are delivering growth, both showing roughly 25% operational increases.”
Even with these positive earnings though, MasterCard is down 1.75% to $448.24 in earning morning trading.
VF Corp Tops Estimates And Raises FY2012 Guidance
Apr 27th
4-27-12-VF Corp (NYSE:VFC) reported Q1 EPS of $1.94, vs. estimates of $1.88.
Revenues in the quarter came in at $2.56 billion, vs. estimates of $2.45 billion.
The company reported Q1 gross margins of 45.7%, vs. estimates of 46.3%.
VF Corp. raised its FY 2012 EPS forecast to $9.45 from $9.30 given on February 16th, vs. estimates of $9.42. The company still expects Timberland to account for $1.10 adjusted EPS in FY 2012.
SmarTrend is bullish on shares of VF Corp and our subscribers were alerted to buy on January 06, 2012 at $134.43. The stock has risen 14.6% since the alert was issued.
Downgrade Alert for MetroPCS Communications
Apr 27th
MetroPCS Communications (NYSE:PCS) was downgraded from Buy to Hold at Argus Research today. The stock closed yesterday at $7.08 on volume of 21.1 million shares, above average daily volume of 4.0 million.
In the past 52 weeks, shares of MetroPCS Communications have traded between a low of $6.79 and a high of $18.79 and closed yesterday at $7.08, which is 4% above that low price. The 200-day and 50-day moving averages have moved 1.92% lower and 1.76% lower over the past week, respectively.
Potential upside of 71.8% exists for MetroPCS Communications, based on a current level of $7.08 and analysts’ average consensus price target of $12.17. MetroPCS Communications shares should first meet resistance at the 50-day moving average (MA) of $9.50 and find additional resistance at the 200-day MA of $9.74.
Coca-Cola Tops Estimates Despite Volume Decline
Apr 26th
4-26-12-Coca-Cola Enterprises (NYSE:CCE) reported Q1 EPS of $0.36, topping estimates of $0.33. Revenues in the quarter came in at $1.87 billion, just above estimates of $1.84 billion. The company said Q1 volume was down 0.5% vs. up 3% Q/Q. Meanwhile, net pricing per case rose 5% vs. 2.5% Q/Q. The company reaffirmed its 2012 outlook, seeing EPS up about 10% vs. estimates of up 5% to $2.28.
The company sees high-single digit revenue growth vs. estimates of up 2% to $8.48 billion. SmarTrend is bullish on shares of Coca-Cola Enterprises and our subscribers were alerted to buy on December 05, 2011 at $26.25. The stock has risen 11% since the alert was issued.
