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
Pivotal Research earlier reiterated a Buy rating on Herbalife (NYSE: HLF) with a price target of $75
February 9, 2015 3:07 PM EST
Pivotal Research earlier reiterated a Buy rating on Herbalife (NYSE: HLF) with a price target of $75. Analyst Timothy S ...
API reports bearish inventory number for oil
Feb 3 2015, 16:58 ET | By: Stephen Alpher, SA News Editor
U.S. crude inventories rose 6.1M barrels last week, according to the API. That's less than the previous week's whopping 12.7M barrel gain, but well ahead of trade forecasts for 2.8M barrels.
Oil goes back up to $60 Brent to $66. Remember airlines are nothing more then oil cans with wings. Oil up airlines down. Waiting to see if AAl cross over it's 100 day moving average of $44.
Stratasys (NASDAQ:SSYS) now expects 2014 revenue of $748M-$750M (31% organic growth) and EPS of $1.97-$2.03, below prior guidance of $750M-$770M and $2.21-$2.31 and a consensus of $763.6M and $2.25.
The company is also guiding for 2015 revenue of $940M-$960M (25%-28% growth) and EPS of $2.07-$2.24, below a consensus of $1.01B and $2.91. It "plans to invest an additional 2% in operating expenses out of anticipated revenues in 2015 and future periods to help enable growth, maintain market leadership and meet future opportunities."
Q4 revenue is estimated to have risen 38% Y/Y, below a consensus for 48% growth. Q4 organic growth is pegged at 25%.
A $100M-$110M goodwill impairment charge is expected to be taken on the MakerBot acquisition. MakerBot revenue (12% of total revenue) only rose 7% Y/Y in Q4, well below the growth seen in prior quarters.
Stratasys is reiterating long-term goals for at least 25% organic revenue growth, an 18%-23% op. margin, and a 16%-21% net margin. CC at 8:30AM ET tomorrow.
3D Systems (NYSE:DDD) is also off sharply AH. ExOne (NASDAQ:XONE) is down 2.3%.
Cliffs Natural Resources beats by $0.87, beats on revenue
Cliffs Natural Resources (NYSE:CLF): Q4 EPS of $1.00 beats by $0.87.
Revenue of $1.3B (-14.5% Y/Y) beats by $90M.