In Hong Kong, the Hang Seng index shed 0.5 percent. Casino operator Melco Crown was in focus after it applied for a withdrawal of its listing in Hong Kong, citing limited fundraising opportunities and compliance obligations. The gaming stock tanked nearly 7 percent at the open.
(NYSE: MTG) reported Q4 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $240.36 million versus the consensus estimate of $237.51 million. Curt S. Culver, CEO and Chairman of the Board of Mortgage Guaranty Insurance Corporation ("MGIC") and MTG, said, "I am pleased to report that in 2014 the company continued to build on the progress we have made regarding many of the challenges we have been facing. Notably we have returned to annual profitability while maintaining a solid statutory capital position and low expense ratio. For the year, new insurance written and risk in force increased while new delinquent notices, paid claims, and the delinquent inventory decreased." Culver added, "I am encouraged by the positive trends in home prices and employment and am enthusiastic about the opportunities for growth and success for MGIC, and the mortgage insurance industry in 2015 and beyond."
YRC Worldwide (YRCW) Tops Q4 EPS by 42c
4:16 PM ET, 02/05/2015 - StreetInsider
YRC Worldwide (NASDAQ: YRCW) reported Q4 EPS of $0.16, $0.42 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.24 billion.
8:16 am Melco Crown Entertainment misses by $0.05, reports revs in-line (MPEL) : Reports Q4 (Dec) earnings of $0.22 per ADS, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus Estimate of $0.27; revenues fell 19.6% year/year to $1.12 bln vs the $1.13 bln consensus. The decline in net revenue was primarily attributable to lower group-wide rolling chip revenues and mass market table games revenues.
Herbalife Ltd. HLF, +3.39% shares rose in the extended session Thursday after quarterly earnings topped Wall Street estimates but were tempered by forecast sales declines. Herbalife shares gained 1.7% to $35.42, after being up earlier as much #$%$, on moderate volume. The nutritional supplement company reported adjusted fourth-quarter earnings of $1.41 a share on revenue of $1.13 billion. Analysts surveyed by FactSet expected earnings of $1.22 a share on revenue of $1.16 billion. Herbalife, however, forecast a sales decline of 12.5% to 15.5% in the first quarter, and 6% to 9% for the year. Herbalife forecast adjusted earnings of $1.30 to $1.40 a share for the first quarter and $5.30 to $5.70 for the year, while analysts expect $1.30 a share for the first quarter and $5.07 for the year.
GasLog (GLOG) Reports Q1 EPS of $0.28
7:03 AM ET, 02/27/2015 - StreetInsider
GasLog (NYSE: GLOG) reported Q1 EPS of $0.28, versus $0.28 reported last year. Revenue for the quarter came in at $99 million, versus $59.3 million reported last year.
Diamond Foods (DMND) Tops Q2 EPS by 10c; Boosts FY15 EPS Midpoint Guidance
4:02 PM ET, 03/05/2015 - StreetInsider
Diamond Foods (NASDAQ: DMND) reported Q2 EPS of $0.35, $0.10 better than the analyst estimate of $0.25. Revenue for the quarter came in at $229.7 million versus the consensus estimate of $236.45 million. Diamond Foods sees FY2015 EPS of $0.95-$1.10, versus prior guidance of $0.90-$1.10 and the consensus of $1.03.
In a report published Friday, Credit Suisse analyst Robert Moskow reiterated an Outperform rating and $32.00 price target on Diamond Foods, Inc. (NADAQ: DMND).
In the report, Credit Suisse noted, "Diamond Foods reported a stronger than expected 2Q with EPS of $0.35 vs. our estimate of $0.29 and raised the bottom end of its guidance range by $0.05 to $0.95 to $1.10. Adjusted EBITDA of $33.8M beat our estimate by $3M with the help of a $1.4M adjustment to walnut input price assumptions for the year. Sales growth of 4% was a bit below our forecast of 6% because competitive challenges in the UK got tougher and the company lost $3M of sales as a result of the west coast port slowdowns and F/X pressure. North American Kettle and Pop Secret sales growth surprised on the upside, however, with Kettle up 7.8% and Pop Secret up 1 share point despite competitive promotional pressure. Price realization on almonds improved in the quarter as well."
Sky-mobi Limited (MOBI) Tops Q4 EPS by 5c
6:21 AM ET, 03/09/2015 - StreetInsider
Sky-mobi Limited (NASDAQ: MOBI) reported Q4 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Total revenue was RMB204.7 million (US$33.0 million), compared to RMB211.1 million in the third quarter 2014; total revenue increased 77.7% from RMB115.2 million in the prior year period. The year-over-year increase was primarily attributable to the strong growth of the Company's smartphone business during 2014. The slight sequential quarter-over-quarter decrease was primarily due to the decline in the Company's feature phone revenue, which was partially offset by the continued growth in smartphone revenue.
Bitauto (BITA) Tops Q4 EPS by 12c; Guides Q1 Revs Above Consensus
6:50 AM ET, 03/09/2015 - StreetInsider
Bitauto (NYSE: BITA) reported Q4 EPS of $0.73, $0.12 better than the analyst estimate of $0.61. Revenue for the quarter came in at $157.2 million versus the consensus estimate of $121.4 million. Bitauto sees Q1 2015 revenue of $101.5-104.8 million, versus the consensus of $90.3 million.
21Vianet Group (VNET) Reports Q4 Loss of $0.43, Offers Guidance
4:04 PM ET, 03/09/2015 - StreetInsider
21Vianet Group (NASDAQ: VNET) reported Q4 EPS of ($0.43). Revenue for the quarter came in at $137.6 million.
For the first quarter of 2015, the Company expects net revenues to be in the range of RMB883 million to RMB925 million, representing approximately 54% growth year-over-year at the mid point. Adjusted EBITDA is expected to be in the range of RMB162 million to RMB182 million, representing approximately 52% growth year-over-year at the mid point. For the full year 2015, the Company now expects net revenues to be in the range of RMB3.91 billion to RMB4.11 billion, representing approximately 39% growth over 2014 at the mid point. Adjusted EBITDA for the full year 2015 is expected to be in the range of RMB760 million to RMB860 million, representing approximately 45% growth over 2014 at the mid point. These forecasts reflect the Company's current and preliminary view, which may be subject to change.