The Zacks Analyst Blog Highlights: Texas Instruments, Gilead Sciences and Las Vegas Sands
For Immediate Release
Chicago, IL – July 26, 2016 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Texas Instruments (TXN), Gilead Sciences ( GILD) and Las Vegas Sands (LVS).
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Here are highlights from Monday’s Analyst Blog:
Q2 Earnings After the Bell Monday: TXN, GILD & LVS
Following a market pullback upon oil prices falling to their lowest levels in three months, the next wave of Q2 earnings have begun to be released after the bell today. Texas Instruments (TXN) , Gilead Sciences (GILD) and Las Vegas Sands ( LVS) are among the smorgasbord of Q2 earnings reports today.
Texas Instruments posted a solid beat on both top and bottom lines this afternoon, with earnings of 76 cents per share eclipsing the 72 cents expected. Revenues of $3.27 billion beat the $3.20 billion from the Zacks consensus. Diversifies business streams -- especially in the automotive and commercial equipment markets -- helped offset some of TI's headwinds related to iPhone sales. This is the company's fourth straight earnings beat, and the stock, already trading at 15 year highs, is up another 5.75% upon the news.
Gilead Sciences beat earnings estimates by 6 cents per share, but came in light on revenues. EPS of $3.08 on quarterly sales of $7.78 billion, which missed the $7.85 billion in the Zacks consensus estimate. Full year revenue guidance was lowered below $30 billion on the low range. Sales in Gilead's Hep-C market reached $3.92 billion, missing the $4.1 billion analysts had been expecting. GILD shares fell 4.3% on the earnings news, but have since come back a bit. Over the past year, Gilead is down more than 21%. Read more on Gilead's Q2 earnings here.
Las Vegas Sands, however, missed estimates on both earnings and revenues: 52 cents per share was lower than the 56 cents expected, and $2.65 billion was far below the $2.75 billion in the Zacks consensus. CEO Sheldon Adelson called the current environment "challenging," though he did cite some signs of stabilization in gaming growth increases looking forward. But all LVS' Macau businesses were lower the the quarter, and Q2 represents the company's third straight earnings miss. The stock traded down nearly 1.8% following the earnings news.
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TEXAS INSTRS (TXN): Free Stock Analysis Report
GILEAD SCIENCES (GILD): Free Stock Analysis Report
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
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