Fortinet (FTNT) closed the most recent trading day at $92.26, moving +0.29% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.22%. Heading into today, shares of the network security company had gained 8.43% over the past month, outpacing the Computer and Technology sector's gain of 6.02% and the S&P 500's gain of 4.87% in that time.
Microsoft (MSFT) reported better-than-expected fiscal third-quarter financial results. During the quarter, the tech giant reported revenue of $30.60 billion, which was better than consensus estimates of $29.86 billion in revenue. Microsoft earned $1.14 per share, exceeding analyst expectations of $1.00 earnings per share.
Tesla (TSLA) reported its first loss on an adjusted basis since the second quarter of 2018. The Palo Alto, California-based company posted an adjusted loss per share of $2.90 for its fiscal first quarter. This was wider than the $1.30 loss per share consensus analysts were expecting, according to Bloomberg-compiled data.
This change lagged the S&P 500's daily loss of 0.22%. Heading into today, shares of the oil and gas company had gained 2.74% over the past month, outpacing the Oils-Energy sector's gain of 2.49% and lagging the S&P 500's gain of 4.87% in that time. BP's full-year Zacks Consensus Estimates are calling for earnings of $3.42 per share and revenue of $281.07 billion.
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Central banks across the world are grappling with the mystery of how to bring back inflation and there are few places where the struggle has been as profound as in Sweden. This week, policy makers in Stockholm are meeting as price growth has slipped far below their estimates and their 2 percent target. Just a few months ago, they raised rates for the first time in seven years, plotting a path out of negative rates this year amid growing confidence they had managed to restore credibility in their inflation regime.
On that day, AVEO is projected to report earnings of -$0.05 per share, which would represent year-over-year growth of 37.5%. Meanwhile, our latest consensus estimate is calling for revenue of $0.74 million, down 28.16% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.16 per share and revenue of $10.62 million, which would represent changes of +15.79% and +96.38%, respectively, from the prior year.
The market expects SiteOne Landscape Supply, Inc. (SITE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2019. The earnings report, which is expected to be released on May 1, 2019, might help the stock move higher if these key numbers are better than expectations. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
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This has outpaced the Industrial Products sector's gain of 8.43% and the S&P 500's gain of 4.87% in that time. Investors will be hoping for strength from ZBRA as it approaches its next earnings release, which is expected to be April 30, 2019. In that report, analysts expect ZBRA to post earnings of $2.87 per share.
Many of us have faced excruciating silence while waiting to hear back from a prospective employer, only to wind up hearing nothing at all. New research from recruitment firm Randstad RAND-NL suggests that as many as two-thirds (66 percent) of United States managers have been snubbed by candidates who initially accepted a job offer, only to retract it — or disappear entirely — ahead of their start date. According to Randstad's study of 1,202 U.S. managers and employees, more than a third (43 percent) of Gen Z employees — those aged 22 and under — say they've accepted a job but then bailed on the offer.
Horizon Bancorp (HBNC) on Wednesday reported first-quarter profit of $10.8 million. The bank, based in Michigan City, Indiana, said it had earnings of 28 cents per share. Earnings, adjusted for one-time gains and costs, were 34 cents per share.
On a per-share basis, the Houston-based company said it had profit of 39 cents. Earnings, adjusted for non-recurring costs, were 88 cents per share. The results topped Wall Street expectations.
Medical technology and orthopedic implant company Stryker Corporation (NYSE: SYK) reported an earnings beat Tuesday, and three sell-side analysts remain bullish on the stock. Stryker reported quarterly earnings of $1.88 per share, beating the consensus estimate of $1.84 and up about 12 percent over the same quarter last year. Revenue of $3.156 billion narrowly missed the Street estimate.
Tesla is weeks away from offering insurance on its vehicles, CEO Elon Musk told investors and analysts on a conference call, moving to help its lease holders save money on high premiums. After reporting a first quarter share loss that was far worse than Wall Street's estimates, Musk stated that the company is planning to create an “insurance product” that will launch in a month. “It will be much more compelling than anything out there,” Musk said, without elaborating further.
In 2019, American retirees are collecting average monthly Social Security payments of $1,461, or a mere $17,532 for the year. The fact is that health care, housing and daily expenses cost significantly less in several other countries, where you can enjoy a good standard of living. Click to see a countdown of our picks for the cheapest — and safest — countries for retiring outside the U.S. These are places where even $150,000 or less in retirement savings would be enough to live comfortably.
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Polarizing electric car maker Tesla reported earnings after a long delay on Wednesday after the close, and like many things Tesla, it was a mixed bag. Non-GAAP EPS came in at a negative $2.90, below a negative $1.15 consensus, while revenue was $4.54 billion, below a $5.42 billion consensus. On the other hand, Tesla revised its 2019 capex budget to a range of $2 billion to $2.5 billion from a prior level of $2.5 billion, and expects to deliver 90,000-100,000 vehicles in Q2, ahead of a consensus of 91,000 vehicles.
Central Pacific Financial Inc. CPF) on Wednesday reported first-quarter earnings of $16 million. The Honolulu-based bank said it had earnings of 55 cents per share.
Under Chief Executive Satya Nadella, the company has spent the past five years shifting from reliance on its once-dominant Windows operating system to selling cloud-based services. Azure, Microsoft's flagship cloud product, competes with market leader Amazon.com's Amazon Web Services (AWS) to provide computing power to businesses. Mike Spencer, Microsoft's head of investor relations, said the decline was roughly in line with the company's estimate.
Adobe Systems (ADBE) closed the most recent trading day at $275.45, moving -1.09% from the previous trading session. This change lagged the S&P 500's 0.22% loss on the day. Heading into today, shares of the software maker had gained 4.86% over the past month, lagging the Computer and Technology sector's gain of 6.02% and the S&P 500's gain of 4.87% in that time.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.22 per share and revenue of $6.48 billion, which would represent changes of -14.62% and -10.7%, respectively, from the prior year. Any recent changes to analyst estimates for ATVI should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends.
MRK's full-year Zacks Consensus Estimates are calling for earnings of $4.65 per share and revenue of $44.31 billion. These results would represent year-over-year changes of +7.14% and +4.78%, respectively. It is also important to note the recent changes to analyst estimates for MRK.
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Alcoa Corporation AA is a producer and seller of bauxite, alumina and aluminum products. The Zacks Consensus Estimate for its current year earnings has been revised 11.6% downward over the last 30 days. American River Bankshares AMRB is a provider of commercial banking products and services.
Hilton (HLT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2019. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 1. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.