JPMorgan (JPM) the Buyer of Ocwen's (OCN) $45B Fannie MSR Portfolio - IMF Sources
Though it beat FQ2 estimates, Micron (NASDAQ:MU) has guided in its earnings slides (.pdf) for FQ3 revenue of $3.8B-$4.05B, below a $4.29B consensus. At the same time, a light outlook was expected by many.
Lifting FQ2 sales: Trade NAND sales rose 12% Q/Q, in spite of guidance for production to be flat to down by a low-single digit %. DRAM sales fell 9%; production guidance was for a high-single to low-double digit drop.
DRAM and trade NAND ASPs respectively fell 6% and 9% Q/Q, below guidance of flat to down low-single digits. However, DRAM cost/bit fell 4% (better than guidance for a flat cost/bit), and trade NAND cost/bit fell 3% (better than guidance for a mid-single digit increase).
FQ3 DRAM guidance: High-single digit production growth (20nm transition), high-single digit ASP decline (PC price pressure), low single-digit cost/bit decline. FQ3 trade NAND guidance: Low-single digit production decline, mid-single digit ASP growth, mid-single digit cost/bit growth.
FQ2 gross margin was 34%, down from FQ1's 36% and flat Y/Y. SG&A spend rose 6% Y/Y to $187M; R&D spend rose 10% to $379M. DRAM was 65% of revenue, NAND 32% (trade NAND 29%), and other products (e.g. NOR flash) 3%.
Free cash flow was (op. cash flow - capex) was $399M. The FY15 capex budget remains at $3.6B-$4B. Micron ended FQ2 with $6.35B in cash/marketable investments, and $6.7B in debt.
LinkedIn sees FY2015 EPS of $1.90, versus the consensus of $3.03. LinkedIn sees FY2015 revenue of $2.90 billion, versus the consensus of $2.98 billion.
LinkedIn sees sees Q2 EPS of $0.28, versus the consensus of $0.74. LinkedIn sees Q2 revenue of $670-$675 million, versus the consensus of #$%$ million.
You get the honor of turning out the lights. LOl...
Really? I lost money shorting YY? Hmmm sounds like u need to go back & learn basic math. Shorted YY at $66 cover at $51.20. Now how much did I lose? Lol... Dumb bag holder...
Rotflmao @ U!!! Okay brain dead humor me, what is my other aliases? How much did u lose today?
U.S. airlines expect passenger traffic to increase 2% during March and April.
The group of major carriers is forecast to show a 3% rise in capacity over the period.
The industry's net profit margin is expected to improve compared to a year ago due to lower fuel expenses.
The average price on aviation jet fuel in North America is currently down 36.6% from a year ago, but 25.2% higher than the level from a month ago.
Airline fares fell 3% in January and are expected to have shown a smaller decline in February. March fares are seen as holding steady due to strong business demand