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Financial News from Barrons.com

  • [$$] EMC Has Big Days Ahead With Big Data @ Barrons.com - 15 minutes ago

    EMC (EMC:NYSE) By Piper Jaffray ($26.76, April 23, 2014) We are reiterating our Overweight rating on EMC and increasing our price target from $28 to $30, which is based on 14 times calendar 2015 estimated earnings per share, an increase from 13 times due to increased confidence in our estimates from the new product launches. …

  • In the first quarter, Apple (AAPL) sold 43.7 million iPhones, a 17% rise from a year ago. As my colleague Tiernan Ray reported, CEO Tim Cook said the revenue of $45.65 billion was the company's "strongest ...

  • It was 1999, on a Long Island Railroad late one afternoon, and I remember the scene vividly. This lout is on his cell phone, talking loud enough for everybody to hear: "Do you have Sun? That memory came back as Apple (AAPL) announced a 7-for-1 split of its stock Wednesday. And those times apparently resonate with David …

  • Apple's (AAPL) fiscal Q2 conference call is getting underway following a report a short while ago of revenue and earnings per share that easily topped consensus estimates, driven by sales of 43.7 million iPhones in the three months ended in March, and a forecast for Q3 below consensus. CEO Tim Cook said the revenue of …

  • If our only view of the stock market were the performance of the Standard & Poor's 500, then we'd have to give the bulls a high five for last week's save. With the evidence currently on the table, all we have is a sideways trading range for the S&P 500. Chart watchers are taught to give trends the benefit of the doubt, …

  • "Cool Kid" Tech Stocks Are a Lightning Rod @ Barrons.com - 13 hours ago

    Professional investors and the financial media alike tend to closely read and discuss the quarterly musings of hedge-fund manager David Einhorn. That's because the stockpicker who famously shorted Lehman Brothers well ahead of its September 2008 demise has written that he has shorted a basket of "bubble" stocks. However, …

  • Wireless chip maker Qualcomm (QCOM) this afternoon reported fiscal Q2 revenue that slightly missed analysts' expectations, and earnings per share that beat, forecast Q3 revenue and earnings below consensus, ...

  • Shares of flash memory-based storage technology vendor Fusion-io (FIO) are down 53 cents, or 5.5%, at $9.15, in late trading, after the company this afternoon reported fiscal Q3 revenue that topped analysts' expectations, and a net loss per share in line with consensus, and forecast Q4's revenue perhaps a little light of …

  • Shares of Apple (AAPL) have been halted this afternoon ahead of the company's fiscal Q2 report. Apple said in a companion data document that it sold 43.72 million iPhone units in the quarter, well above estimates for perhaps 37 million to 38 million. In a separate release, Apple said it would raise its buyback to $90 …

  • Shares of enterprise software vendor Citrix Systems (CTXS) are up $2.34, over 4%, at $58.33, after the company this afternoon reported Q1 revenue and earnings per share that topped analysts' expectations, forecast this quarter's results below consensus, and raised the bottom of its estimated range for the year's profit. …

  • Fortinet Up 4%: Q1 Rev, EPS Beat @ Barrons.com - 15 hours ago

    Shares of enterprise security technology vendor Fortinet (FTNT) are up 90 cents, or 4%, at $22.94, after the company this afternoon reported Q1 revenue and earnings per share that topped analysts' expectations. ...

  • F5 Networks (FFIV) shares are up 37 cents, or 0.4%, at $108.65, after the company this afternoon reported fiscal Q2 revenue and earnings per share that topped analysts' expectations and forecast this quarter ...

  • Facebook (FB) this afternoon reported Q1 revenue and earnings per share that easily topped analysts' expectations. Revenue in the three months ended in March rose to $2.5 billion, yielding EPS of 34 cents. ...

  • Back in January, on the Q4 call, EMC management had already warned the Street that if the deal closed in the quarter, it would reduce EPS by 5 cents. The stock today reflects to some extent the results from VMware (VMW), in which EMC is the majority shareholder, reported yesterday afternoon. Those results showed lower software …

  • Starbucks Puts the Fizz in SodaStream @ Barrons.com - 17 hours ago

    SodaStream (SODA) has shot higher as if propelled by the pressurized gas is uses to add fizz on speculation that Starbucks (SBUX) might be negotiating to buy a piece of the company. The news that someone ...

  • Shares of VMware (VMW) are down $9.71, or 9.2%, at $95.44, after the company yesterday afternoon reported Q1 revenue in line with expectations, and EPS a penny better than expected, and forecast this quarter's results above consensus. The company maintained its year outlook. The company explained some "enterprise license …

  • [$$] Profit From Rail Trends With Three Picks @ Barrons.com - 17 hours ago

    Sterne, Agee & Leach First-quarter industry-railcar data support our thesis of a rising non-tank car backlog. Total backlog increased 12%, driven by a 79% quarter-over-quarter increase in non-tank car backlog, more than offsetting a 9% quarter-over-quarter decline in tank backlog. Backlog rose 12.3% quarter-over-quarter …

  • Options help investors hedge stocks, and retain their profits when questions arise about prices. And so it is a neat coincidence that Potash Corp. of Saskatchewan (POT), one of the world's largest potash producers, is attracting the financial equivalent of potash ahead of Thursday's earnings: puts. The trading volume …

  • Intuitive Surgical is a Buy…Near $350 @ Barrons.com - 18 hours ago

    Providing disappointing numbers before the fact can be a good strategy as long as a company does a good job of setting the right expectations. Remember, earlier this month Intuitive Surgical warned investors that sales wouldn't be very good. Cantor Fitzgerald's Jeremy Feffer explains: As we suspected when Intuitive preannounced …

  • Earlier this month, Bloomberg reported Baidu's (BIDU) Qunar (QUNR) travel website is in merger talks with China's largest online travel agency Ctrip.com (CTRP). A merger could create synergies, says Barclays. Ctrip.com could gain free traffic from Baidu's powerful search engine and leverage Baidu's location-based services …

  • Shares of Netflix (NFLX) are down $19.66, or 5%, at $353.24, after Amazon.com (AMZN) this morning announced a deal with HBO to carry the subscription service's television series, including "The Sopranos" and "Boardwalk Empire," as part of Amazon's "Prime" membership offering. Amazon shares are down $5.16, or 1.6%, at $324.16. …

  • [$$] Is Lilly Going to the Dogs? @ Barrons.com - 19 hours ago

    Eli Lilly (LLY:NYSE) By MKM Partners ($60.03, April 23, 2014) We are downgrading Eli Lilly from Buy to Neutral as shares are now trading just 1% below our $61 fair-value estimate. Additionally, after the April 21 Food and Drug Administration approval of Cyramza (ramucirumab) for gastric cancer, we see limited near-term …

  • Gilead Sciences: "Officially a Value Stock" @ Barrons.com - 19 hours ago

    Earlier this month, RBC Capital Markets wondered whether Gilead Sciences (GILD) is actually a value stock. After last night's earnings release, Piper Jaffray's Joshua Schimmer and team say that's now officially ...

  • J.P. Morgan chimed in on Russian telecoms today. According to analysts Alexei Gogolev and Ziyad Joosub, MegaFon (MFOYY) has the best growth profile and the best free-cash-flow yield: Megafon appears to ...

  • Goldman Sachs's Simona Jankowski today issued a note to clients regarding her meeting with BlackBerry (BBRY) CEO John Chen yesterday, a meeting that focused on cash flow, smartphones, services, and the long-term opportunities in  software technologies, the "QNX," operating system, and the BBM messaging/chat service. Jankowski, …

  • Fantastic earnings from Gilead Sciences (GILD) weren't enough to keep a closely watched biotech ETF out of the red. The iShares Nasdaq Biotechnology ETF (IBB) fell almost 1.9% to $230.30 during morning ...

  • Ahead of Baidu's (BIDU) earnings release tomorrow, Maxim Group analyst Echo He said Baidu's first quarter revenue may beat street consensus: Baidu will likely report revenues that top the consensus of $1,577.5M, which is higher than the high end of the guided range ($1,526M-$1,573M), representing more than 60% y/y growth. …

  • Procter & Gamble: Why Its Beat Doesn't Matter @ Barrons.com - 20 hours ago

    Investors haven't expected much from Procter & Gamble (PG) and the consumer-staples giant has delivered much. That doesn't look to change much after Procter & Gamble's financial results today. Shares of ...

  • Shares of wireless chip maker Skyworks Solutions (SWKS) are up $2.81, or 7.4%, at $40.77, after the company yesterday afternoon beat fiscal Q2 expectations, forecast this quarter's results higher as we'll, and initiated an 11-cent-per-share quarterly dividend payment. There are no ratings changes this morning, that I can …

  • [$$] Carriers Tussle for Tablets @ Barrons.com - 21 hours ago

    Last quarter, our checks indicated that while carriers did show an expected seasonal lift near the end of the fourth quarter, it appeared to be less impactful than previous years, with Sprint (S) struggling to hold on to customers, AT&T (T) seeing pressure from T-Mobile US (TMUS), and Verizon Communications (VZ) hanging …

  • Boeing: Earnings Bring Sigh of Relief @ Barrons.com - 21 hours ago

    Boeing's (BA) shares are rising today after the airplane manufacturer's financial results beat analyst forecasts. The Wall Street Journal has the details on Boeing's earnings: [Boeing's] core earnings, ...

  • Here are some things going on this morning in your world of tech: Shares of ARM Holdings (ARMH) are down $2, or almost 4%, at $48.11, after the company this morning narrowly beat analysts' Q1 expectations, delivering £186.7 million in revenue, up 10%, year over year, and 5.6 pence per share, versus consensus of £186.6 …

  • HSBC's preliminary reading of the April PMI shows China's manufacturing activities continues to contract but the deceleration is stabling. The HSBC PMI rose to 48.3 from 48 in March. A reading under 50 ...

  • Anyone hoping that Biogen Idec's (BIIB) earning would send shares shooting back towards it's 52-week high were surely disappointed by the biotech giant's financial results this morning. Reuters has the details on Biogen Idec's earnings: Excluding special items, Biogen said it earned $2.47 per share, missing the analysts' …

  • Delta Air Lines (DAL) is showing once again why it's flying above most of its competitors. Shares of Delta Air Lines have gained 3.2% to $36.08 at 10:09 a.m. after the airline reported an adjusted profit of 33 cents a share, besting forecasts for 29 cents, on revenue of $8.92 billion that met the Street consensus. It's …

  • Chinese K12 tutoring firm TAL Education (XRS) delivered a strong first-quarter. Revenue grew 46%, at the high-end of the company guidance, driven mainly by a 38.8% increase in student enrollment. TAL Education's ...

  • S&P 500 futures have dipped 0.1%, while Nasdaq Composite futures have ticked down 0.1%. Dow Jones Industrial Average futures are little changed.  Skechers USA (SKX) has surged 12% to $41.30 after reporting a profit of 61 cents, besting forecasts for a profit of 33 cents. Intuitive Surgical (ISRG) has plunged 9% to $384.50 …

  • Yum Brands (YUM) reported better-than-expected first-quarter earnings. "China restaurant margins drove the entirety of upside", wrote Morgan Stanley analyst John Ivankoe and team in a research note published today. China's operating margin came in at 23.4%, a 6.8 percentage points rise from a year ago. "China was the …

  • [$$] Comcast Can Streamline Time Warner Cable @ Barrons.com - Wed, Apr 23, 2014 7:55 AM EDT

    Comcast (CMCSA: Nasdaq) By Maxim Group ($49.88, April 22, 2014) The first-quarter report justifies why Comcast could operate Time Warner Cable more efficiently. Comcast (ticker: CMCSA) highlighted that ...

  • [$$] A Military Contractor With a Radar for Growth @ Barrons.com - Wed, Apr 23, 2014 7:55 AM EDT

    Like the sonobuoys it manufactures, which can detect submerged objects underwater, Sparton has a knack for finding acquisitions that can help it rack up impressive growth in a tough economic environment. Since 2011, Sparton (SPA), a small manufacturer of electromechanical devices, has boosted revenue 25% annually, and …

  • China: Preliminary HSBC PMI readings show manufacturing activities in April continue to contract, but the deceleration may have stabilized. The HSBC PMI rose to 48.3 from 48 in March. A reading under 50 ...

  • Stocks: Tuesday is the Best Day for the Market @ Barrons.com - Tue, Apr 22, 2014 10:09 PM EDT

    Make that six days of gains for the S&P 500, after the benchmark got a big boost from Home Depot (HD), Goldman Sachs (GS), Harley-Davidson (HOG), Netflix (NFLX) and Wynn Resorts (WYNN). The Dow Jones Industrial Average rose 0.4% to 16,514.37, while the Nasdaq Composite advanced 1% to 4,161.46. Goldman Sachs rose 1.7% …

  • Cree Drops 8%: FYQ3 Rev Misses, Q4 EPS View Light @ Barrons.com - Tue, Apr 22, 2014 5:26 PM EDT

    Shares of light-emitting diode technology maker Cree (CREE) are down $4.35, or almost 8%, at $53.70, in late trading, after the company this afternoon reported fiscal Q3 revenue that missed analysts' expectations, ...

  • Skyworks Up 9%: FYQ2 Beats, Higher Q3 View, Sets $0.11/Sh Dividend @ Barrons.com - Tue, Apr 22, 2014 5:16 PM EDT

    Shares of wireless chip vendor Skyworks Solutions (SWKS) are up $3.34, or almost 9%, at $41.30, in late trading, after the company this afternoon reported fiscal Q2 revenue and earnings per share that topped analysts' expectations, forecast this quarter's results above consensus as well, and initiated an 11-cent-per-share …

  • Gilead Sciences: Fantastic Earnings, "Remarkable" Sovaldi Sales @ Barrons.com - Tue, Apr 22, 2014 5:00 PM EDT

    Gilead Sciences (GILD) fantastic earning have sent its shares higher in after-hours trading. Gilead Sciences reported an adjusted profit of $1.48 a share, besting forecasts for 89 cents, while reiterating ...

  • Shares of Sarepta Therapeutics (SRPT) and Plug Power (PLUG) are falling in after-hours trading after the two companies announced plans to sell more shares. Sarepta Therapeutics said it plans to sell as much as $100 million in new shares and also granted underwriters a 30-day option to buy as much as $15 million more.  …

  • Amgen Falls as Earnings, Revenue Disappoint @ Barrons.com - Tue, Apr 22, 2014 4:26 PM EDT

    Shares of Amgen (AMGN) are sliding in after-hours trading after the biotech giant reported weaker than forecast earnings. Amgen reported an adjusted profit of $1.87 a share, below forecasts for $1.94, ...

  • Juniper Slips: Q1 Rev Beat; Q2 View Beats @ Barrons.com - Tue, Apr 22, 2014 4:08 PM EDT

    Networking equipment vendor Juniper Networks (JNPR) this afternoon reported Q1 revenue that topped analysts' expectations, and earnings per share in line with consensus. Juniper shares are up 11 cents, or 0.4%, at $26, in late trading. The company, which has been under pressure to cut costs, said its operating margin …

  • VMW Off 6%: Q1 EPS Beats; Q2 Rev View Beats; Affirms Year View @ Barrons.com - Tue, Apr 22, 2014 4:05 PM EDT

    VMware (VMW) this afternoon reported Q1 revenue in line with analysts' estimates and earnings per share a penny better than expected. License revenue of $561 million rose 14.8% from the prior-year quarter, the company said. Maintenance revenue of $701 million was up 15.8%. The company's unearned license revenue of $459 …

  • AT&T Shares Off 2%: Q1 Beats; Raises Year Growth View @ Barrons.com - Tue, Apr 22, 2014 4:05 PM EDT

    AT&T (T) this afternoon reported Q1 revenue and earnings per share that topped analysts' expectations, and said it activated 1.1 million smartphones in the quarter, and raised its outlook for year revenue growth. Revenue in the three months ended in March rose to $32.5 billion, yielding EPS of 71 cents, excluding the …

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