The week started off with a bang for U.S. equities after fears of geopolitical tensions caused by the Syria missile strike calmed down. The S&P 500 Index gained 0.8%, the Dow Jones Industrial Average surged 0.9% and the Nasdaq Composite was up 0.7% at day’s end.
Celanese Corporation (NYSE:CE), Roku Inc (NASDAQ:ROKU) and Wintrust Financial Corp (NASDAQ:WTFC) all made headlines after the bell Monday on earnings reports and one of these companies inking a major deal.
Here’s what you should know:
Celanese Corporation (CE)
Celanese shares were booming as the company unveiled strong quarterly results.
The company said that for its first quarter, earnings came in at $2.68 per share, or $2.79 per share on an adjusted basis. Analysts were calling for adjusted earnings of 48 cents per share.
From a revenue standpoint, Celanese also impressed, bringing in $1.85 billion for its first quarter, marking a 26% increase compared to the year-ago period. The Wall Street consensus estimate projected revenue of $1.66 billion.
The company’s Engineered Materials segment posted net sales of $665 million for the period, 29% higher than in the year-ago quarter. Both GAAP operating profit of $127 million and segment income of $182 million were all-time highs.
“The on-going success in our businesses gives us confidence that we can grow adjusted earnings per share by 20-25 percent in 2018,” said Mark Rohr, Celanese chairman and CEO.
CE stock was up about 5.7% after the bell Monday.
Roku Inc (ROKU)
Roku stock was skyrocketing after the bell on the company’s exciting new business venture.
The online streaming service announced that it has inked a deal that will grant it access to several new media channels, including ESPN+, which is Disney’s new sports video streaming service. Roku owners can watch ESPN+ for $4.99 a month or $49.99 per year.
The device’s servers will now be able to offer ESPN+’s wide selection of about 10,000 live sporting events in its first year, including Major League Baseball, NHL, past sporting events and a library of on-demand programs.
The channel will also include exclusive programming that is not available on ESPN’s linear channels. The channel marks Disney’s first direct-to-consumer initiative.
ROKU shares soared 5.7% after hours yesterday.
Wintrust Financial Corp (WTFC)
Wintrust Financial also had a positive period that helped lift company shares ahead of Tuesday’s action.
The Rosemont, Illinois-based company said its net income amounted to $82 million, or $1.40 per diluted common share for the first quarter of 2018, topping the year-ago quarter’s total of $58.4 million, or $1 per diluted share.
The figure was 12 cents better than analysts’ expectations of $1.28 per share. Revenue was also above the mark for Wintrust Financial at $310.76 million, beating the Wall Street consensus of $301.44 million.
The company’s total assets surged to $28.5 billion, marking a $541 million gain for the period. Total loans also increased by $421 million for Wintrust Financial for the quarter.
WTFC stock gained 2.4% after Monday’s market close.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
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