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Ken flagg's Blog Posts Tagged 'Q3' (38)

SMF Notes CROX Crocs reports Q2 (Jun) results, beats on revs; guides Q3 EPS above consensus,

revs above consensus (26.76 -0.39)

Reports Q2 (Jun) earnings of $0.61 per share, may not be comparable to the Capital IQ Consensus Estimate of $0.44. Company says it benefited from modifications in tax treaties in its international businesses which together with other tax planning resulted in an effective tax rate below 15% for the quarter. Revenues rose 29.6% year/year to $295.6 mln vs the $281.7 mln consensus. Co… Continue

Added by ken flagg on July 27, 2011 at 4:30pm — No Comments

SMF Notes V Visa Q3 earnings preview (87.80 -1.40) -Update-

Visa will report Q3 (June) earnings after the bell with a call to follow at 17:00 ET. Analysts are looking for EPS of $1.23 (+27%) on net revenue of $2.30 bln (+13%). Visa is expected to reaffirm its FY11 and FY12 financial outlook as mgmt presented the outlook just two weeks ago following the release of the final rules of debit card interchange regulation (the Durbin Amendment).

On July 6, Visa reaffirmed its…

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Added by ken flagg on July 27, 2011 at 4:25pm — No Comments

SMF Notes AAPL Apple beats by $1.03, beats on revs; guides Q3 EPS below consensus, revs below consensus

Reports Q2 (Mar) earnings of $6.40 per share, $1.03 better than the Thomson Reuters consensus of $5.37; revenues rose 82.7% year/year to $24.67 bln vs the $23.38 bln consensus. Co issues downside guidance for Q3, sees EPS of ~$5.03 vs. $5.25 Thomson Reuters consensus; sees Q3 revs of ~$23 bln vs. $23.83 bln Thomson Reuters consensus. Co reports Q2 gross margins of 41.4% vs Street est of 39.0% and 38.Reports Q2 (Mar) earnings of $6.40 per share, $1.03 better than…

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Added by ken flagg on April 20, 2011 at 5:18pm — No Comments

SMF Notes JBL Jabil Circuit beats by $0.03, reports revs in-line; guides Q3 EPS above consensus, revs above consensus

Reports Q2 (Feb) earnings of $0.54 per share, excluding non-recurring items, $0.03 better than the Thomson Reuters consensus of $0.51; revenues rose 30.8% year/year to $3.93 bln vs the $3.91 bln consensus. Co issues upside guidance for Q3, sees EPS of $0.55-0.59, excluding non-recurring items, vs. $0.53 Thomson Reuters consensus; sees Q3 revs of $4.1-4.2 bln vs. $4.03 bln Thomson Reuters consensus. Jabil Circuit reports Q2 core operating margin of 4.3% vs. the 4.2%… Continue

Added by ken flagg on March 22, 2011 at 4:42pm — No Comments

SMF Notes ELX Emulex beats by $0.02, reports revs in-line; guides Q3 EPS in-line, revs in-line (11.75 -0.43)

Reports Q2 (Dec) earnings of $0.15 per share, excluding non-recurring items, $0.02 better than the Thomson Reuters consensus of $0.13; revenues rose 5.3% year/year to $114 mln vs the $113.4 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.08-0.11, excluding non-recurring items, vs. $0.11 Thomson Reuters consensus; sees Q3 revs of $108-112 vs. $110.52 mln Thomson Reuters consensus.

Added by ken flagg on January 20, 2011 at 10:33pm — No Comments

SMF Notes XLNX Xilinx lowers Q3 revs guidance below consensus (28.39 +0.28) -Update-

Co lowers Q3 revs guidance to down ~7-9% sequentially, which equates to ~$563.9-576.3 mln vs. $604.7 mln consensus, down from ~flat to down 4%, which equates to ~$594.9-619.7 mln. The decreased sales guidance is primarily related to weaker than anticipated sales to a few large communications customers, specifically in the wireless segment. The Co expects sales growth to return to the communications segment in the March quarter based on current backlog and…

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Added by ken flagg on December 21, 2010 at 7:43pm — No Comments

SMF Notes FDX FedEx misses by $0.15, reports revs in-line; guides Q3 EPS in-line; raises FY11 EPS guidance, in-line

Reports Q2 (Nov) earnings of $1.16 per share, excluding non-recurring items, $0.15 worse than the Thomson Reuters consensus of $1.31; revenues rose 12.1% year/year to $9.63 bln vs the $9.7 bln consensus. Co issues in-line guidance for Q3, sees EPS of $0.95-1.15, excluding non-recurring items, vs. $1.10 Thomson Reuters consensus. Co raises guidance for FY11, sees EPS of $5.00-5.30, excluding non-recurring items, vs. $5.21 Thomson Reuters consensus and…

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Added by ken flagg on December 16, 2010 at 9:48am — No Comments

SMF Notes BBY Best Buy Call: Q3 hurt as fellow retailers took share with aggressive discounts on lower end home entertainment products (35.60 -6.10)

BBY Best Buy Call: Q3 hurt as fellow retailers took share with aggressive discounts on lower end home entertainment products (35.60 -6.10)

Domestic sales were disappointing, hurt mostly by TVs, mobile computers and gaming. Lowered FY11 EPS guidance was the result of lower domestic comp expectations; co did not give any indication for Q4/FY11 top-line trends... Expectations were for an improved TV…

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Added by ken flagg on December 14, 2010 at 2:15pm — No Comments

SMF Notes MOS Mosaic to redeem $455 mln 2014 senior notes; co will record a charge of ~$19 mln in Q3 (68.32 -0.30)

Co announced that it plans to redeem the remaining $455 mln aggregate principal amount of its 7-3/8% senior notes due December 2014 pursuant to the terms of the Indenture dated as of December 1, 2006 relating to the Notes. The redemption date is expected to be January 13, 2011. The co expects that its annual interest expense will be reduced by ~$34 mln, upon redemption of the Notes. The redemption will be funded from available cash generated by the…

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Added by ken flagg on December 9, 2010 at 9:59pm — No Comments

SMF Notes WYNN Wynn Resorts Q3 call summary (112.57 +3.31) -Update-

Steve Wynn says October was the co's best month ever in Macau, making $90 mln. The property on the Cotai Strip will open in 2015; the budget will be $2-3 bln, probably closer to $2.5 bln; will have more precise number on Q4 call. Competitors have been buying business; WYNN worries about top and bottom line. Wynn says it is open to pursue other projects/deals. Steve is not clear on a schedule or chain of events needed to establish…

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Added by ken flagg on November 2, 2010 at 7:55pm — No Comments

SMF Notes MA MasterCard Q3 earnings preview

MasterCard (MA) is set to report 3Q10 (Sept) results tomorrow morning with a call to follow at 9:00 ET. The Street is looking for EPS of $3.54 (+2% YoY) on rev of $1.41 bln (+3%). MA has missed EPS expectations only once (4Q09) and top line expectations twice (last quarter and 1Q09) in the 17 quarters since its IPO. Mgmt sees a tempering of net rev growth in FY10 from the +9.7% in 1H10 due to tougher comps, the loss of a few…

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Added by ken flagg on November 1, 2010 at 4:11pm — No Comments

SMF Notes CSTR Coinstar Q3 conf call summary (46.26 +0.66)

CVS chose Redbox for nationwide rollout. CVS pilot with Redbox demonstrated an increase in traffic and revenue... One of the key drivers in revenue going forward will be blueray. Co will seek to increase content depth of blueray to 10% from 5%...FY10 installations, net: 8.3-8.5K redboxKiosks, 7.5-7.7K DVD Kiosks, (200)-0 Coin Kiosks...Redbox digital space: co's $1 price point for new releases will be unmatched in the digital…

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Added by ken flagg on October 28, 2010 at 7:32pm — No Comments

SMF Notes VMW VMware Q3 earnings preview (77.55 -0.08)

Virtualization software provider VMware (VMW) will report Q3 (Sept) earnings after the bell with a call to follow at 17:00 ET. VMware is expected to report Q3 non-GAAP EPS of $0.35 (+46%) with a non-GAAP operating margin of 27.4% vs. guidance of 26.5-28% (Q2: 27.7%; 3Q10: 22.2%). Revenue is expected to grow 42.6% YoY to $698 mln vs. guidance of $680-705 mln. The Street expects Q3 license rev +1% QoQ to $327 mln.

VMware's business has been… Continue

Added by ken flagg on October 18, 2010 at 5:47pm — No Comments

SMF Notes [7:42:17 AM] mario marciano: INFY Infosys beats by $0.04, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY11 EPS above consensus, revs above consensus (71.01 )

Reports Q2 (Sep) earnings of $0.65 per share, $0.04 better than the Thomson Reuters consensus of $0.61; revenues rose 29.6% year/year to $1.5 bln vs the $1.43 bln consensus. Co issues upside guidance for Q3, sees EPS of $0.66-0.67 vs. $0.64 Thomson Reuters consensus; sees Q3 revs of $1.547-1.562 bln vs. $1.47 bln Thomson Reuters consensus. Co issues upside guidance for FY11, sees EPS of $2.54-2.58 vs. $2.50 Thomson Reuters consensus; sees FY11 revs of… Continue

Added by ken flagg on October 15, 2010 at 7:53am — No Comments

SMF Notes Google Q3 earnings preview (538.75 -4.55)

Advertising/internet giant GOOG is set to report its Q3 (Sept) earnings after the close. Google earnings are exclusively released on its investor relations website (http://investor.google.com/), with the call taking place via Webcast at 16:30 ET through its site.…

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Added by ken flagg on October 14, 2010 at 3:00pm — No Comments

SMF Notes Reports Q3 (Sep) earnings of $0.52 per share,

Reports Q3 (Sep) earnings of $0.52 per share, $0.02 better than the Thomson Reuters consensus of $0.50; revenues rose 18.2% year/year to $11.1 bln vs the $10.99 bln consensus (guidance was for $10.8-11.2 bln in revs). Intel reports Q3 gross margins of 66% vs 66.1% consensus and guidance of 65-67%. Q3 PC Client Group revenue was up 3% sequentially and Q3 Data Center Group revenue was up 3% sequentially... Co issues in-line rev guidance for Q4,… Continue

Added by ken flagg on October 12, 2010 at 5:42pm — No Comments

SMF Notes Remain cautious on cyclical semis into Q3 earnings season

Auriga notes investors seem to have shrugged off a string of negative preannouncements and (charitably) mixed results and cautious guidance from offset reporters like NSM and SMSC -- firm has been surprised by the willingness of some investors to "buy the first number cut". Firm's view is that continued negative earnings surprises -- particularly Q4 guidance from broadline semi cos -- will drive another leg down in the group. Checks suggest that a… Continue

Added by ken flagg on October 1, 2010 at 7:51am — No Comments

SMF Notes MEE Massey Energy now expects to report a Q3 operating loss

MEE lowers FY10 guidance; co lowered shipped tons to 39 mln, down from $39.0-40.5 mln, lowers average price/ton to $71.00, down from $71-73, lowers cash cost/ton to $56-60, down from $60. For FY11, co sees shipped tons at $45-51 mln, avg price/ton at $82-86 and cash cost at $57-61. Co said, "Our operations have continued to struggle since April. As we have noted earlier, increasingly stringent enforcement actions by MSHA across our operations and… Continue

Added by ken flagg on September 16, 2010 at 10:05pm — No Comments

SMF Notes GOOG Google ests raised at The Benchmark Company on solid Q3 search trends (480.64 )

The Benchmark Co raises its 3Q10 estimates as channel checks and related data indicate solid search trends. Firm now forecasts 19% and 2% y/y and sequential net revenue growth in 3Q and $6.50 per share in EPS ($6.66 consensus). For 2010 and 2011, it projects 21% and 14% net revenue growth. Search advertising remains on pace for mid-teens percentage y/y growth in the US for 2010. Firm believes cost-per-click (CPC) advertising rates are up about 9% y/y,… Continue

Added by ken flagg on September 16, 2010 at 9:01am — No Comments

SMF Notes NUE Nucor issues downside Q3 EPS guidance (40.66 )

Co issues downside guidance for Q3 (Sep), sees EPS of $0.05-0.10 vs. $0.30 Thomson Reuters consensus. Ex-LIFO, Q3 performance is an improvement over the first quarter but down significantly from the second quarter due to lower margins caused by higher scrap costs and the inability to pass along these price increases. Projected third quarter results include an estimated LIFO charge of $67 mln, up from the estimated $45.5 mln charge previously. "We… Continue

Added by ken flagg on September 15, 2010 at 8:18am — No Comments