Tag: stock market

Domino’s Pizza Inc. reported first-quarter net income of $62.5 million, or $1.26 per share, up from $45.5 million, or 89 cents per share, for the same period last year. The FactSet consensus was for $1.16 per share. Revenue was $624.2 million, up from $539.2 million and ahead of the $616.0 million FactSet consensus. Domestic same-store sales grew 10.2%, and global same-store sales were up 4.3%. Shares were nearly flat in Thursday premarket trading, and are up 35.4% for the last year. The S&P 500 index is up 14% for the past 12 months.

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Under Armour Inc. shares rose 9.1% in Thursday premarket trading after the athletic apparel company reported first-quarter earnings that beat estimates. Under Armour reported a net loss of $2.27 million, or a penny per share, compared with a net income of $19.18 million, or 4 cents per share, for the same period last year. The FactSet consensus was for a loss of 4 cents. Sales for the quarter were $1.12 billion, up from $1.05 billion last year and ahead of the $1.11 billion FactSet consensus. The company says sales were driven by a 4% increase in wholesale revenue to $773.0 million and a 13% increase in direct-to-consumer revenue to $302 million. North American sales were down by 1% with new distribution offset by bankruptcies in 2016. The company affirmed its full-year revenue guidance. Under Armour shares are down 32.2% for the year so far, and down 56% for the past 12 months. The S&P 500 index is up 14% for the last year.

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Bristol-Myers Squibb Co. shares surged 3.2% in premarket trade Thursday after the company reported first-quarter profit and revenue beats. Earnings for the latest quarter rose to $1.57 billion, or 94 cents per share, from $1.20 billion, or 71 cents per share in the year-earlier period. Adjusted earnings-per-share were 84 cents, compared with the FactSet consensus of 73 cents. Revenue rose to $4.93 billion from $4.39 billion, compared with the FactSet consensus of $4.75 billion. The latest results include a 60% increase in global revenues for cancer drug Opdivo compared with the year-earlier period, the company said. Bristol-Myers shares have surged 12.6% over the last three months, compared with a 4.0% rise in the S&P 500 .

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The Dow Chemical Co. said Thursday it had net income of $888 million, or 72 cents a share, up from $169 million, or 15 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.04, ahead of the FactSet consensus of 99 cents. Sales rose to $13.230 billion from $10.703 billion, also ahead of the FactSet consensus of $12.454 billion. “The global economy is showing signs of positive momentum, with excellent leading indicators across much of the world — though geopolitical risks and volatility will persist,” Chief Executive Andrew Liveris said in a statement. Shares rose 1.4% premarket, and are up 12.4% in 2017, while the S&P 500 has gained 6.6% and the Dow Jones Industrial Average has gained 6%.

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Shares of Southwest Airlines Co. sank 4.5% in premarket trade Thursday, after the air carrier reported first-quarter profit and revenue that missed expectations. Net income fell to $351 million, or 57 cents a share, from $513 million, or 79 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 61 cents, below the FactSet consensus of 63 cents. Revenue rose 1.2% to $4.88 billion from $4.83 billion, but missed the FactSet consensus of $4.93 billion. Revenue per available seat mile (RASM) declined 2.8%, due primarily to the competitive fare environment and shift in Easter travel demand. Unit costs increased because of higher fuel costs and pay increases because of amended union contracts. The company expects RASM to be positive in the second quarter, and continues to target growth for the year. The stock has rallied 14% year to date through Wednesday, while the NYSE Arca Airline Index has tacked on 2.3% and the S&P 500 has gained 6.6%.

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Intuit Inc. shares rallied in the extended session Wednesday after the tax software company reported a rise in units sold over tax season and reiterated its outlook for the year. Intuit shares surged 7.3% to $124.30 after hours, following a 2.8% decline during the regular session as an outline of President Donald Trump’s tax plan was unveiled. Intuit said that total units of its TurboTax software rose 2% to 34.6 million units over this year’s tax season compared with a year ago. Intuit reiterated its full-year earnings guidance of $4.30 to $4.40 a share, while analysts surveyed by FactSet expect $4.32 a share.

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Intuit Inc. shares rallied in the extended session Wednesday after the tax software company reported a rise in units sold over tax season and reiterated its outlook for the year. Intuit shares surged 7.3% to $124.30 after hours, following a 2.8% decline during the regular session as an outline of President Donald Trump’s tax plan was unveiled. Intuit said that total units of its TurboTax software rose 2% to 34.6 million units over this year’s tax season compared with a year ago. Intuit reiterated its full-year earnings guidance of $4.30 to $4.40 a share, while analysts surveyed by FactSet expect $4.32 a share.

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Shares of Teradyne Inc. rallied 11% late Wednesday after the automation supply company reported first-quarter earnings and sales above expectations. Teradyne said it earned $85.2 million, or 42 cents a share, in the quarter, compared with 24 cents a share in the year-ago period. Adjusted for one-time items, the company earned $88.7 million, or 44 cents a share. Sales reached $457 million, from $431 million in the year-ago period. Analysts polled by FactSet had expected the company to report adjusted earnings of 38 cents a share on sales of $440 million. The stock had ended the regular trading session up 0.6%.

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In its first earnings report after a change at the top, F5 Networks Inc. disappointed investors and saw its stock plunge in late trading. F5, which appointed François Locoh-Donou as chief executive in late January, reported fiscal second-quarter net income of $93.1 million, or $1.43 a share, on sales of $518.2 million. After adjustments for stock-based compensation and other effects, the networking company claimed adjusted profit of $1.95 a share. Analysts on average expected adjusted earnings of $2.09 a share, according to FactSet, and F5’s forecast called for adjusted profits of $2.01 to $2.04 cents a share. Analysts also expected higher revenue, with an average forecast of $538 million, according to FactSet. F5 stock fell more than 7% in late trading, continuing a tough 2017 for the Seattle company: Shares declined 5.1% year-to-date as of Wednesday’s close, while the S&P 500 index gained 6.7% in that time.

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Mellanox Technologies Ltd. shares dropped in the extended session Wednesday after the network products maker’s quarterly results and outlook fell short of Wall Street estimates. Mellanox shares fell 12% to $45 after hours. The company reported adjusted first-quarter earnings of 29 cents a share on revenue of $188.7 million. Analysts surveyed by FactSet had forecast earnings of 49 cents a share on revenue of $204.7 million. For the second quarter, Mellanox expects revenue of $205 million to $215 million. Analysts estimate revenue of $223 million.

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