Dish Network (DISH) is up roughly 4% on its earnings. The satellite service provider released its report an hour ago. It made 68-cents a share blowing past estimates for 44-cents, and doubling profits from a year ago. Dish faces increased competition from streaming services like Netflix (NFLX) and Hulu. But it grew subscriptions by about 35,000 for the period. It has also adopted a strategy of catering to more affluent customers who are less likely to cancel their service. The stock hit a 52-week high about 3-weeks ago and is currently up 29% year-to-date.
Vodafone (VOD) is up fractionally on its earnings. The British telecom giant has reported a record fall in revenues. It says struggling European sales are to blame. Moving forward, the company plans to upgrade its infrastructure using the windfall of cash it got from selling its stake in Verizon Wireless. Vodafone hit a 52-week high back on Halloween and is currently up 41% year-to-date.
Potbelly (PBPB) is up ahead of its earnings which come out this afternoon. This will be the first earnings report for the sandwich chain since it went public on October 4th. Shares were initially offered at $14 and ended their first day just under $31. But since then the stock is down about 20%. Analysts expect Potbelly to report profits of 9-cents a share on nearly $78-million in sales.
Hologic (HOLX) is down sharply on its earnings which came out yesterday afternoon. This is a company which makes diagnostic tests for women. It beat on the bottom line with earnings per share of 39-cents when expectations were for 3-cents. However, sales came up a little short at $622-million and the company is lowering guidance for the current quarter. Prior to issuing its report, shares of Hologic had been up about 11% so far this year.
- Investment & Company Information
- Dish Network