U.S. equities were plummeting as a weak auction of 30-year Treasury bonds increased the 10-year yield to 2.83%, the highest figure seen in more than four years. The S&P 500 Index lost 3.8%. the Dow Jones Industrial Average declined 4.2% and the Nasdaq Composite fell 3.9%.
Here’s how they did:
Expedia Inc (EXPE)
Expedia’s earnings missed estimates, sending shares sinking late Thursday.
The travel agency site reported net income of $55.2 million, or 35 cents per share, below the year-ago total of $79.5 million, or 51 cents per share. On an adjusted basis, the company earned 84 cents per share, well below the Wall Street consensus estimate of $1.15 per share, according to Thomson Reuters.
Expedia posted fourth-quarter revenue of $2.32 billion, topping the year-ago total revenue of $2.09 billion. The company’s gross bookings were 13.6% higher to $19.8 billion.
The company has a vacation rental business that rivals Airbnb called HomeAway, which saw its revenue surge 16% year-over-year to $193 million, below analysts’ expectations of $225.4 million, per Thomson Reuters.
EXPE stock plummeted 18.7% after the bell.
Mettler-Toledo International Inc. (MTD)
Mettler-Toledo posted strong quarterly results late yesterday.
The precision instrument maker reported fourth-quarter net income of $77 million, or $2.93 per share. On an adjusted basis, the company earned $5.97 per share, topping Wall Street’s expectations of $5.94 per share, according to Zacks Investment Research.
Mettler-Toledo’s revenue for the period came in at $778 million, which was also ahead of the consensus estimate of $765.1 million, according to Zacks. The company’s full-year profit was $376 million, or $14.24 per share, while revenue was $2.73 billion.
For its first quarter, the company projects earnings in the range of $3.65 to $3.70 per share. For the fiscal year 2017, Mettler-Toledo sees earnings in the range of $19.95 to $20.15 per share.
MTD stock was flat after hours Thursday.
Mohawk Industries, Inc. (MHK)
Mohawk Industries reported on a positive quarter after the bell.
The flooring manufacturer impressed in its fourth quarter as net earnings were $240 million, while diluted earnings per share $3.21 per share. Adjusted earnings came in at $256 million, or $3.42 per share, 10 cents above analysts’ expectations.
Mohawk Industries’ revenue was $2.4 billion for the period, rising 8.5% compared to the year-ago quarter. The figure also topped the $2.37 billion that analysts were calling for.
For its first quarter of fiscal 2018, the company sees adjusted earnings in the range of $2.93 to $3.02 per share, in line with the Wall Street consensus estimate of $2.95 per share.
MHK stock was flat after hours.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
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