Outside of the big 5 tech companies, earnings growth is zero

The stock market may be hovering around all-time highs, but just 5 companies are contributing to the S&P 500’s earnings growth, Goldman Sachs said in a new note. After crunching the data from the 397 S&P components that have reported earnings so far this quarter, the firm found that “FAAMG” — or Facebook, Amazon, Apple, Microsoft and Google parent Alphabet — grew their fourth quarter earnings by 16% year-over-over. Overall, the S&P’s fourth quarter earnings are up 2%, but all of that is thanks to the FAAMG stocks. Without these…

Read More

Shares of Groupon fall over 20% after fourth-quarter earnings and revenue miss estimates

Groupon Inc. signage is displayed at company headquarters in Chicago, Illinois Tim Boyle | Bloomberg | Getty Images Shares of Groupon dropped 25% during extended trading Tuesday after the company reported fourth-quarter financial results that missed analyst expectations for the top and bottom line. The e-commerce company reported fourth-quarter earnings of 7 cents per share excluding some items, while analysts had expected earnings of 15 cents per share, according to Refinitiv. Groupon reported $612 million in revenue for the fourth quarter, which came in well short of the $709 million that…

Read More

Dish Networks earnings Q4 2019

Dish Networks exhibit at CES 2016 in Las Vegas. Justin Solomon | CNBC U.S. satellite TV provider Dish Network’s quarterly results beat Wall Street estimates on Wednesday, as it lost fewer pay-TV subscribers. Dish has been struggling to retain subscribers for its pay-TV business, as customers shift to online streaming services including those from Netflix, Walt Disney, and Apple. The company’s pay-TV business, which includes satellite TV and Sling TV, lost a net of 194,000 subscribers in the fourth quarter, fewer than the 334,000 it lost a year earlier. The…

Read More

Analog Devices Q2 revenue forecast misses on coronavirus concerns

Rafael Henrique | SOPA Images | Getty Images Chipmaker Analog Devices on Wednesday forecast second-quarter revenue that fell short of analysts’ estimates, as the company accounted for a $70 million hit related to the coronavirus outbreak. Analog Devices joins Apple and a host of other companies expecting potential damages from the rapidly spreading virus, which has killed over 2,000 in China, disrupting supply chains and delaying reopening of factories after the extended Lunar New Year holiday break. Demand across our end markets has stabilized and is beginning to show signs…

Read More

Zillow (z) earnings Q4 2019

Scott Eells | Bloomberg | Getty Images Zillow on Wednesday reported a surge in quarterly revenue and a smaller-than-expected loss as more people used its real estate website to buy and sell homes, sending its shares up 10% in trading after the bell. Revenue from the company’s home unit, which accounts for more than half of its revenue, ballooned to $603.2 million in the fourth quarter ended Dec. 31 from $41.3 million a year earlier. Revenue from its Premier Agent Program, which promotes real estate brokers for a fee, rose…

Read More

Maersk earnings Q4 2019

A.P. Moller-Maersk is the largest container shipping company in the world. Andia | UIG via Getty Images Shipping giant Maersk warned on Thursday that the coronavirus outbreak would weigh on earnings this year, compounding the woes of a container shipping industry already subdued by trade wars and an economic slowdown. Maersk, which reported a lower-than-expected fourth-quarter profit on Thursday, forecasted a weak start to the year because factories in China were closed for longer than usual after the Chinese New Year holiday. “Weekly container vessel calls at key Chinese ports…

Read More

ViacomCBS (VIACA) earnings Q4 2019

CBS logo seen at the CBS Television City Studio in Los Angeles, California. SOPA Images | LightRocket | Getty Images ViacomCBS on Thursday said its earnings fell short of revenue and profit expectations in its first quarterly earnings results since closing its merger, sending shares down 7% in premarket trading. Viacom and CBS completed their merger in December in their third attempt since 2016, aiming to gird against competition in a rapidly consolidating media universe while partnering with and battling the likes of Netflix and Walt Disney. The merger reunited…

Read More

Norwegian Cruise Line cancels Asia voyages due to coronavirus

Tourists take photos at the Overseas Passenger Terminal as the Norwegian Jewel cruise ship is in lock down while health authorities test a man for Coronavirus on February 14, 2020 in Sydney, Australia. Lisa Maree Williams | Getty Images Norwegian Cruise Line has canceled its voyages in Asia through the third quarter of 2020 and expects to take an earnings hit of 75 cents per share for the full year because of the coronavirus, the company said Thursday. The news sent shares down more than 4 percent to $49.68 in…

Read More

Domino’s Pizza (DPZ) earnings Q4 2019 beat Wall Street estimates

A Domino’s Pizza food delivery courier drives a moped away from a Domino’s Pizza store in Hanwell, London. Jason Alden| Bloomberg | Getty Images Domino’s Pizza stock soared more than 25% on Thursday after the company reported quarterly earnings and revenue that topped analysts’ expectations after strong U.S. sales, despite increased competition. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $3.13, adjusted, vs. $2.98 expected Revenue: $1.15 billion vs. $1.13 billion expected The pizza chain…

Read More

Stamps.com jumps more than 50% Thursday, a year after crashing nearly 50% in a single day

A Stamps.com promotional image Source: Stamps.com There’s volatility and then there’s Stamps.com. Shares of Stamps.com rallied more than 65% on Thursday after the mailing and shipping services company posted quarterly numbers that blew away analyst expectations. The company reported an adjusted profit of $2.12 per share for the fourth quarter on revenue of $160.9 million. Analysts polled by Refinitiv expected earnings of $1.03 per share on sales of $144.7 million. Stamps.com’s stock has experienced high levels of volatility over the past year. The company said in late February 2019 that…

Read More