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Samsung says weak China demand sent Q4 profit falling 29%Samsung Electronics blamed weakening demand in China, particularly for its chips, shortly after Apple warned about China. Samsung, a S Korean firm, saw profits apparently hurt by China far more than Apple, which predicted a ~10% in 1Q19...Samsung noted DRAM chips, aka DRAMERS, which just want recognition in a new country - Samsung: Weak China demand sent Q4 profit falling 29% Apple already feel the heat of the ’Falling Demand’ techinsider This may be due to chinese attraction towards their own home grown products .soon the other countries who had set shop in china will feel the heat .
Source: BusinessInsider - 🏆 729. / 51 Read more »
Snap CFO resigning, company says it will come in near top end of guidance for Q4😮
Source: CNBC - 🏆 12. / 72 Read more »
After Samsung's guidance miss, South Korea's LG warns quarterly profit likely fell 80 percentLG Electronics, the world's second-largest television set maker, estimated profit of 75.3 billion won ($67.03 million) for October-December last year. Holy. Crap. Costco sells lots of their appliances. Or so I thought Low quality. No surprise
Source: CNBC - 🏆 12. / 72 Read more »
Roku surges after revealing strong Q4 viewership numbersRoku released preliminary data for its fourth quarter 2018 that handily beat analyst expectations on streaming hours and nearly matching predictions for active accounts.
Source: CNBC - 🏆 12. / 72 Read more »
In this bull market, Information Technology stocks have performed best during Q4 earnings seasonsFinancials has been the worst-performing of the major market sectors, and Information Technology ultimately ends up as the Q4 season winner.
Source: CNBC - 🏆 12. / 72 Read more »
LIVE: Netflix reports its Q4 earnings nowNetflix reports Q4 earnings on Thursday after market close, just days after a price hike, which took its most popular plan from $11 per month to $13.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Netflix falls after slight Q4 revenue miss and solid subscriber growth numbersNETFLIX EARNINGS: •Q4 revenue: $4.19B, vs $4.21B est. •Q4 EPS (GAAP): $0.30, vs $0.24 est. •Q4 total paid subscriber growth: 8.8M, vs 7.6M est. •Q1 total paid subscriber growth guidance: 8.9M, vs 8.5M est. That’s a lot of $$ for one quarter. _interobang_ Our contributions ! techinsider When a small amount is charged for just one time viewing the paid subscriber base will grow more .when very minimum charge is introduced more will subscribe to it .
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lululemon raises Q4 guidanceLululemon Athletica Inc. on Monday raised its revenue and earnings guidance for the fourth quarter. The athletic-wear retailer said it expects fourth-quarter revenue to be between $1.14 billion and $1.15 billion, up from its old guidance of between almost $1.12 billion and nearly $1.13 billion. The new revenue guidance is based on comparable sales on a constant-dollar basis increasing in the mid to high teens, whereas the company's old guidance was based on comparable sales on a constant-dollar basis increasing in the high single to low double digits, the company said.
Source: MarketWatch - 🏆 3. / 97 Read more »
UPDATE: Tailored Brands lowers Q4 guidance as Jos. A. Bank sales fall short, shares slideTailored Brands Inc.'s shares slid 11% premarket Monday, after the company lowered its fourth-quarter guidance, saying same-store sales at its Jos. A. Bank mens clothing chain came in below expectations. The company, which also operates Men's Wearhouse, K&G and Moores, said it now expects Jos. A. Bank same-store sales to be flat, versus prior guidance of up in the low single digits. Same-store sales for November and December fell 1.4%, as sales at Jos. A. Bank fell 0.1% and sales at Men's Wearhouse fell 3.6%. The company expects its overall adjusted per-share loss to range from 29 cents to 34 cents, versus prior guidance of a loss of 24 cents to 29 cents. Full-year fiscal 2018 adj. EPS is expected to range from $2.25 to $2.30 compared with prior guidance of $2.30 to $2.35. Shares have fallen 33.9% in the last 12 months, while the S&P 500 has fallen 6.8%.
Source: MarketWatch - 🏆 3. / 97 Read more »
Fires, typhoons push Swiss Re's Q4 claims burden to $1.3 billionReinsurer Swiss Re expects a $1.3 billion claims burden from natural and man-mad...
Source: Reuters - 🏆 2. / 97 Read more »