Stocks to Watch – Earnings Calendar September 2-6, 2014

During regular trading hours and after hours, there were many stocks that continued to break out to the upside and downside in their earning news. I will watch all the key  stocks below in earning report during reporting Earnings week September 2-6, 2014. If you are looking to day trade today, you might want to check out the following stocks. I usually throw these on my watch list and monitor with resistance & support levels. My Daily Trading Activities - Membership Link

I also have  technical analysis different stocks-Right Here.

Ticker     Company             Earning Date
SHOS  Sears Hometown and Outlet Stores, Inc.           9/1/2014 8:30

ARX    Aeroflex Holding Corp.            9/1/2014

COCO Corinthian Colleges Inc.            9/1/2014

DFZ     R.G. Barry Corporation            9/1/2014

DRL     Doral Financial Corporation      9/1/2014

HOFT  Hooker Furniture Corp.            9/1/2014

MEIP   MEI Pharma, Inc.         9/1/2014

PMFG PMFG, Inc.      9/1/2014

FN       Fabrinet            9/1/2014 16:30

CONN            Conns Inc.        9/2/2014 8:30

EDMC Education Management Corporation     9/2/2014

PIKE   Pike Corporation          9/2/2014

SPA     Sparton Corp.  9/2/2014

AVNW            Aviat Networks, Inc.    9/2/2014 16:30

GWRE Guidewire Software, Inc.          9/2/2014 16:30

TERP   TerraForm Power, Inc. 9/2/2014 16:30

TEU     Box Ships Inc.  9/2/2014 16:30

GIII      G-III Apparel Group, Ltd.        9/3/2014 8:30

LPG     Dorian LPG Ltd.          9/3/2014 8:30

NAV    Navistar International Corporation        9/3/2014 8:30

TOL     Toll Brothers Inc.          9/3/2014 8:30

VNCE Vince Holding Corp      9/3/2014 8:30

CVGW            Calavo Growers Inc.    9/3/2014

ABM   ABM Industries Incorporated   9/3/2014 16:30

AVAV AeroVironment, Inc.     9/3/2014 16:30

BV       Bazaarvoice, Inc.          9/3/2014 16:30

CBK    Christopher & Banks Corporation        9/3/2014 16:30

ENVI   Envivio, Inc.     9/3/2014 16:30

HRB    H&R Block, Inc.          9/3/2014 16:30

KFY    Korn/Ferry International           9/3/2014 16:30

MIND  Mitcham Industries Inc. 9/3/2014 16:30

MTRX Matrix Service Company          9/3/2014 16:30

PVH    PVH Corp.      9/3/2014 16:30

SCVL  Shoe Carnival Inc.        9/3/2014 16:30

CIEN   Ciena Corporation        9/4/2014 8:30

HOV    Hovnanian Enterprises Inc.        9/4/2014 8:30

HURC Hurco Companies Inc.  9/4/2014 8:30

JOY     Joy Global, Inc.            9/4/2014 8:30

LAYN Layne Christensen Company     9/4/2014 8:30

MEI     Methode Electronics, Inc.         9/4/2014 8:30

MFRM            Mattress Firm Holding Corp.    9/4/2014 8:30

PAY    VeriFone Systems, Inc. 9/4/2014 8:30

UTIW  UTi Worldwide Inc.      9/4/2014 8:30

COO   The Cooper Companies Inc.     9/4/2014 16:00

ACET  Aceto Corp.     9/4/2014 16:30

AMBA Ambarella, Inc. 9/4/2014 16:30

BEBE   Bebe Stores, Inc.          9/4/2014 16:30

BLOX  Infoblox Inc.     9/4/2014 16:30

CFI      Culp, Inc.         9/4/2014 16:30

ESL     Esterline Technologies Corp.     9/4/2014 16:30

FNSR  Finisar Corp.    9/4/2014 16:30

SEAC  SeaChange International Inc.     9/4/2014 16:30

UBA    Urstadt Biddle Properties Inc.   9/4/2014 16:30

VRNT  Verint Systems Inc.       9/4/2014 16:30

ZQK    Quiksilver Inc.  9/4/2014 16:30

ZUMZ Zumiez, Inc.      9/4/2014 16:30

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Stock Alerts -Apple suppliers (QCOM -1.6%. BRCM -2.3%. SWKS -2.9%. AVGO -1%. TQNT -3.4%) aren't responding well to the tech giant's FQ1 report -1/27/14

Apple suppliers, Nasdaq futures sell off AH

• Apple suppliers aren't responding well to the tech giant's FQ1 report. Though Apple beat estimates on the back of higher iPhone ASPs (the result of a mix shift towards the 5S), iPhone units (51M) fell short of Street expectations (56M-57M), and the company's FQ2 revenue guidance is below consensus.
• Unsurprisingly Cirrus Logic (CRUS) is the biggest decliner: its shares are down 6.7% AH. Other decliners: QCOM -1.6%. BRCM -2.3%. SWKS -2.9%. AVGO -1%. TQNT -3.4%.
• Cirrus, believed to get over 70% of its sales from Apple, reports tomorrow. Qualcomm reports on Wednesday, and Broadcom on Thursday.
• Nasdaq-100 (QQQ) futures are down 0.8% in response to Apple's numbers.

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Stock Alerts -Oracle's (ORCL) beats by $0.02, beats on revenues -12/18/13

Oracle beats by $0.02, beats on revenues

• Oracle (ORCL): FQ2 EPS of $0.69 beats by $0.02.
• Revenue of $9.3B (+2% Y/Y) beats by $0.11B.

Oracle's license, hardware product growth in-line; shares +0.7% AH

• Oracle's (ORCL) software license/cloud subscription sales (drives future services revenue) fell 1% Y/Y in FQ2 to $2.4B. That represents a reversal from FQ1's 4% growth, but is in-line with guidance of -6% to +4%. Hardware product sales fell 3% Y/Y to $714M, an improvement from FQ1's 14% drop and near the high end of a guidance range of -11% to -1%.
• License update/product support services revenue (49% of total revenue, tends to be fairly stable) rose 6% Y/Y vs. 7% in FQ1. Hardware support sales rose 4%.
• $2.8B was spent on buybacks, down slightly from FQ1's $3B but still doing much to strengthen EPS. Opex rose 4% Y/Y, even with FQ1. Sales/marketing spend +11% to $2B, R&D +6% to $1.3B.
• Americas revenue (54% of total) +4% Y/Y, even with FQ1. EMEA +4%, up from FQ1's +2%. Asia-Pac remains weak, sales -9% vs. -4%. Cisco and others have reported seeing NSA-related challenges in China.
• Larry Ellison says cloud/SaaS software bookings rose 35% Y/Y. That suggests bookings for on-premise software declined meaningfully.
• CC at 5PM ET, guidance should be provided. FQ2 results, PR.

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Stock Alerts -AK Steel (AKS) +6% AH on upbeat Q4 guidance -12/18/13

AK Steel +6% AH on upbeat Q4 guidance

• AK Steel (AKS) +6% AH after guiding Q4 earnings above expectations, seeing Q4 EPS of $0.02-$0.06 vs. -$0.04 analyst consensus.
• AKS expects shipments of ~1.4M tons in Q4, up ~13% Q/Q, as it observes stronger demand particularly in carbon sales to the spot market; the expected increase also reflects a recovery from the unplanned outage at Middletown Works blast furnace.
• Expects average Q4 selling price to fall ~4% from Q3 average selling price of $1,071/ton.
• X +2.2% AH.

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Stock Alerts -Ciena (CIEN) dives more than 10% after earnings miss -12/12/13

Ciena dives more than 10% after earnings miss

• Ciena (CIEN) tumbles 11.5% premarket after a big miss on FQ4 results - reporting adjusted EPS of $0.16 per share vs. expectations of $0.24.
• Adjusted gross margin of 40.8% compares to 43.6% the previous quarter. Adjusted operating margin of 4.7% falls from 8.2% the previous quarter. Operating expenses rose to $210.5M from $190.4M.
• FQ1 revenue guidance of $515M-$545M is inline with Street expectations.
• The company will swap its Nasdaq (NDAQ) listing for one on the NYSE (ICE). The stock symbol will remain the same.
• FQ4 results, press release
• CC at 8:30 ET

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Stock Alerts - 3D Systems (DDD +4.7%), Stratasys (SSYS +4.3%), Voxeljet (VJET -3.1%) -11/21/13

3D printing plays rally following bullish notes ... but not Voxeljet

• After getting drubbed two days in a row, 3D Systems (DDD +4.7%), Stratasys (SSYS +4.3%), ExOne (XONE +2.5%), and Proto Labs (PRLB +3.3%) are all rebounding a bit. Industrial inspection/scanning tool vendor Perceptron (PRCP +7.9%), whose status as a 3D printing play has been hotly debated, is also joining in on the fun.
• S&P has raised its PT for 3D Systems to $84 from $63, citing sales and margin growth. Meanwhile, Piper has issued a bullish note on Stratasys: The firm notes management was upbeat during a recent talk, and thinks MakerBot's 3D printer sales are better than expected.
• Back in August, Kara Swisher reported MakerBot is expecting 2013 revenue of $75M+, up ~5x from a 2012 level of $15.7M.
• Voxeljet (VJET -3.1%), which was hammered yesterday thanks in part to a bearish and colorful Citron Research report, is notably missing out on today's rally. Voxeljet's decline comes even though Citi has defended the company against Citron, stating only 3 of the 52 companies that have bought the German firm's printers have been provided loans.
• Voxeljet is down 46% over the last three trading days, but still up 186% from its $13 October IPO price.

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Erning watch: ZGNX, RCON, MKGAF, STXS, DANG, CTCH, ICPT, PNTR, GLOG, BTG, ESLT, GSOL, QBAK, LGL, PENX -11/14/13

ZGNX

Oppenheimer sees big upside for Zogenix

Oppenheimer upgrades Zogenix (ZGNX) to Outperform.

Price target is $5, representing upside of 84% from Wednesday's close.

  

RCON

Recon Technology EPS of $0.002

Recon Technology (RCON): FQ1 EPS of $0.002.

Revenue of $1.9M (+27.2% Y/Y). (PR)

MKGAF

German Merck lifts guidance, beats profit estimates

Merck KGaA (MKGAF) Q3 EBITDA: €831M (+10% Y/Y), beats by €24M.

Revenue of €2.75B, misses by €20M.

Full year outlook: EBITDA of €3.2-3.25B versus previous guidance of €3.1-3.2B. (PR)

   

STXS

Stereotaxis EPS of -$0.26

Stereotaxis (STXS): Q3 EPS of -$0.26.

Revenue of $10.8M. (PR)

DANG 

Dangdang Net Income of -$4.1M

Dangdang (DANG): Q3 Net Income of -$4.1M.

Revenue of $249.3M (+19% Y/Y) misses by $12.42M. (PR)

CTCH

Commtouch Software misses by $0.02

Commtouch Software (CTCH): Q3 EPS of $0.01 misses by $0.02.

Revenue of $8.1M beats by $0.1M. (PR)

ICPT

Intercept Pharmaceuticals EPS of -$1.65

Intercept Pharmaceuticals (ICPT): Q3 EPS of -$1.65.

Revenue of $523K. (PR)

 

PNTR

Pointer Telocation Adj. Net Income of $1.92M

Pointer Telocation (PNTR): Q3 Adj. Net Income of $1.92M.

Revenue of $24.4M (+21% Y/Y). (PR)

  

GLOG

GasLog beats by $0.01, beats on revenues

GasLog (GLOG): Q3 EPS of $0.18 beats by $0.01.

Revenue of $43.2M beats by $0.84M. (PR)

BTG

B2Gold EPS of $0.02

B2Gold (BTG): Q3 EPS of $0.02. (PR)

ESLT

Elbit Systems EPS of $1.32

Elbit Systems (ESLT): Q3 EPS of $1.32.

Revenue of $730.6M. (PR)

GSOL

Global Sources EPS of $0.17

Global Sources (GSOL): Q3 EPS of $0.17.

Revenue of $44.8M. (PR)

QBAK

Qualstar Corporation EPS of -$0.21

Qualstar Corporation (QBAK): FQ1 EPS of -$0.21.

Revenue of $2.2M. (PR)

LGL

The LGL Group EPS of -$0.46

The LGL Group (LGL): Q3 EPS of -$0.46.

Revenue of $6.09M (-16.5% Y/Y). (PR)

PENX

Penford Corporation EPS of -$0.08

Penford Corporation (PENX): FQ4 EPS of -$0.08.

Revenue of $117M (+6.5% Y/Y). (PR)

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Earning Alert -Expedia (EXPE) flies higher as growth accelerates; peers (EXPE +18.3% AH. PCLN +1.5%. TRIP +1%. OWW +2.7%. CTRP +1.8%.) also up - 10/30/13

Expedia flies higher as growth accelerates; peers also up

• What a difference a quarter makes: Three months after Expedia (EXPE) crashed due to a Q2 miss caused partly by poor TripAdvisor-related sales and share losses to Priceline's Booking.com unit, shares are taking off in response to a Q3 beat driven by a pickup in revenue growth (+20% vs. +16% in Q2) and gross bookings growth (+15% vs. +13%).
• Excluding Trivago, Q3 revenue growth would be 14%, and Q2 growth 12%.
• Expedia's domestic bookings (56% of total) rose 13% Y/Y in Q3 after growing only 7% in Q2. International bookings +18% vs. +23%. Domestic revenue +12%, international +23%.
• Hotel revenue (73% of total) +11% Y/Y, air revenue (7% of total) +16%, other revenue (inc. ads, 20% of total) +44%, boosted by Trivago.
• Hotel room nights +20% Y/Y vs. +19%. Revenue per hotel room night fell 7% Y/&, and average daily room rates were flat.
• $221M was spent on buybacks. Sales/marketing spend rose 24% Y/Y to $625.3M, as Expedia continues competing fiercely with Priceline and others for Google search keywords.
• EXPE +18.3% AH. PCLN +1.5%. TRIP +1%. OWW +2.7%. CTRP +1.8%.
• Q3 results, PR

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Earning Alert - Tech guidance roundup: Trulia(TRLA), Digital Realty(DR), Rubicon (RBCN), WebMD(WBMD) - 10/29/13

Tech guidance roundup: Trulia, Digital Realty, Rubicon, WebMD

• Trulia (TRLA) expects Q4 revenue of $48.5M-$50M, below a $53.4M consensus. Shares nonetheless +4.1% AH, as investors focus on Trulia's Q3 beat. (Q3 results, PR)
• Digital Realty (DLR) now expects 2013 core FFO/share of $4.65-$4.67, below a prior range of $4.74-$4.83 and a consensus of $4.79. FFO/share is expected to grow by a mid-single digit % in 2014; the consensus is for 10.2% growth. Also, a new $500M buyback has been authorized. Shares unchanged AH for now. (Q3 results, PR)
• Rubicon (RBCN) expects flat Q/Q revenue growth in Q4 and EPS of -$0.20 to -$0.24; that's worse than a consensus for 30% growth and EPS of -$0.13. Shares -7.1% AH. (Q3 results, PR)
• WebMD (WBMD) expects Q4 revenue of $141M+; that's unfavorable to a consensus of $143M. The company also announces its has acquired Avado, a developer of cloud-based software through which health professionals can interact with patients. Terms are undisclosed. Shares -5% AH. (Q3 results, PR)

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Earning Alert - Boardwalk Pipeline (BWP), Haemonetics (HAE), CNA Financial (CNA), Changyou.com (CYOU), Sohu.com (SOHU) - 10/28/13

SBCF

Seacoast Banking EPS of $0.47

Seacoast Banking (SBCF): Q3 EPS of $0.47.

Revenue of $22.9M beats by $0.5M. (PR)

EDR

Education Realty Trust FFO in-line, beats on revenue

Education Realty Trust (EDR): Q3 FFO of $0.08 in-line.

Revenue of $44.19M beats by $6.35M. (PR)

TGE

TGC Industries misses by $0.20, misses on revenues

TGC Industries (TGE): Q3 EPS of -$0.18 misses by $0.20.

Revenue of $21.1M misses by $15.73M. (PR)

CNA

Cna Financial Corp declares $0.20 dividend

CNA Financial Corporation (CNA) declares $0.20/share quarterly dividend, in line with previous.

Forward yield 2.02%

Payable Nov. 26; for shareholders of record Nov. 12; ex-div Nov. 7.

BWP

Boardwalk Pipeline misses by $0.05, misses on revenues

Boardwalk Pipeline (BWP): Q3 EPS of $0.21 misses by $0.05.

Revenue of $275.5M (+2% Y/Y) misses by $19.45M. (PR)

HAE

Haemonetics beats by $0.11, misses on revenue

Haemonetics (HAE): FQ2 EPS of $0.66 beats by $0.11.

Revenue of $235.8M misses by $3.71M. (PR)

L

Loews Adj. Net profit $324M

Loews Corp (L): Q3 Adj. Net profit $324M

Revenue of $3.7B. (PR)

   

CNA

CNA Financial beats by $0.24

CNA Financial (CNA): Q3 EPS of $1.00 beats by $0.24. (PR)

CYOU

Changyou.com beats by $0.01, misses on revenues

Changyou.com (CYOU): Q3 EPS of $1.37 beats by $0.01.

Revenue of $183.1M misses by $0.3M. (PR)

SOHU

Sohu.com misses by $0.01

Sohu.com (SOHU): Q3 EPS of $0.51 misses by $0.01.

Revenue of $368M (+29% Y/Y) beats by $3.4M. (PR)

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Icahn lowers Netflix (NFLX) stake to 4.5% -10/22/13

Icahn lowers Netflix stake to 4.5%

• In a new 13D, Carl Icahn discloses he has lowered his stake in Netflix (NFLX) to 4.5%. Icahn had nearly a 10% stake in the company when he first disclosed his investment a year ago.
• Shares are up over 4x since Icahn first bought in. He admitted earlier this month Netflix's run-up meant shares are no longer a "no-brainer."
• NFLX -2.2% AH after falling 9.2% in regular trading.
• Earlier: Netflix turns negative post-earnings
•  

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VMware (VMW): Q3 EPS of $0.84 beats by $0.02 -10/21/13

VMware beats by $0.02, revenues in-line

• VMware (VMW): Q3 EPS of $0.84 beats by $0.02.
• Revenue of $1.29B (+14% Y/Y) in-line.

VMware's Q3 license growth beats expectations; unearned revenue jumps

• VMware's (VMW) Q3 license revenue (drives future services revenue) rose 15% Y/Y to $564M. That's well above Q2's 2.6% growth, and also guidance for 9%-13% growth. Services revenue +13% to $725M.
• Total revenue growth was 14%, or 19% if excluding assets that were either sold or are part of the Pivotal spinoff. VMware's unearned revenue balance rose 21% Y/Y to $3.64B. That's one reason free cash flow rose 50% Y/Y to $543M, easily surpassing net income of $261M.
• R&D spend only rose 2% Y/Y to $266M, thanks to restructuring moves. Sales/marketing +9% to $449M.
• Guidance will be provided on the CC (starts at 5PM ET).
• VMW +4% AH. EMC also +4%. EMC reports tomorrow morning.
• Q3 results,

VMware Q4 revenue guidance light, but license guidance strong

• VMware (VMW) guides on its Q3 CC for Q4 revenue of $1.45B-$1.48B, largely below a $1.48B consensus. However, license growth is expected to remain healthy, rising 12%-16% Y/Y after accelerating to 15% in Q3
• In addition, VMware now expects 2013 operating cash flow of $2.3B-$2.5B vs. prior guidance of $2.1B-$2.35B.
• The company does expect its Q1 2014 Q/Q revenue and license revenue drops to be 100 bps greater than the drop it saw in Q1 2013. However, full-year revenue is still expected to grow 15% Y/Y vs. a 14.5% consensus.
• VMware also mentioned its bookings were strong in all three major geographies, including Asia-Pac, where peers have stumbled. Costly enterprise license agreements (ELAs) now account for 1/3 of total bookings, and over 40% of bookings involved something besides standalone vSphere licenses, up from 35% in Q2 and 30% a year ago.
• End-user computing (PC virtualization, mobile software) bookings fell slightly Y/Y after rising at a mid-teens rate in Q2. That could be a sign Citrix's (CTXS) troubles are due to broader demand weakness.
• VMW now +8.3% AH. IBM and Citrix had led investors to expect bad news. EMC +4.5%. JPMorgan's upgrade was well-timed.
• Q3 results, details

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Netflix (NFLX) shares jump after earnings, outlook Q3 EPS of $0.52 beats by $0.03. - 10/21/13

NetfliX beats by $0.03.

• Netflix (NFLX): Q3 EPS of $0.52 beats by $0.03.
• Revenue of $1.1B in-line. Shares +5.5% AH.

Netflix uninterested in sports, keeping "open mind" on movies

• Though rumors have been afoot that the NFL will try to sell TV rights to Netflix (NFLX) or Google, content chief Ted Sarandos asserted on the Q3 CC Netflix is still uninterested in bidding for sports content.
• On the other hand, the company is interested in documentaries, and is keeping an "open mind" on films, though the pay-TV window demanded by theaters makes things difficult.
• Netflix expects another 6M U.S. streaming net adds in 2014 on top of the 6M it expects to see this year. The company sees a 400 bps improvement in its U.S. streaming contribution margin each year.
• Reed Hastings insists there's "zero cord-cutting." Is he giving an honest take, or throwing a bone to MSOs the company is reportedly trying to strike set-top deals with?
• Hastings also admitted in the shareholder letter "momentum-investor-fueled euphoria" has contributed to the huge 2013 rally delivered by his company's shares. "Some of the euphoria today feels like 2003."
• Orange is the New Black is set to be Netflix's most-watched original show by year's end.
• Shares +10.8% AH to new highs

More on Netflix: margin growth solid, content expenses to be recognized faster

• Q3 U.S. streaming margin was 23.7%, up 120 bps Q/Q and 450 bps Y/Y, and the division had a contribution profit of $166M (+10% Q/Q and +47% Y/Y). Netflix (NFLX) is guiding for a Q4 margin of 23.2%.
• The international unit had a $74M contribution loss in Q3 vs. $66M in Q2 and $92M a year ago, and a $65M loss is expected in Q4. But Q3 net adds totaled 1.44M, beating guidance of 550K-1.25M and raising the size of the international sub base to 9.19M. 900K-1.7M net adds are expected in Q4.
• Reed Hastings admits "low quality" free trial promotions in Latin America boosted Q3 international adds, and will pressure Q4 adds a bit.
• The DVD sub base fell by 360K Q/Q to 7.15M after declining by 470K in Q2. The business had a $107M contribution profit vs. $109M in Q2.
• Going forward, Netflix will amortize original content costs more quickly, due to the fact a large portion of viewing happens shortly after a show launches. Until now, shows were amortized on a straight-line basis over four years or the show's license period (whichever is shorter).
• Free cash flow was $7M in Q3 vs. $13M in Q2 and -$20M a year ago. Netflix expects Q4 EPS of $0.47-$0.73, above a $0.46 consensus.

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Erning watch: ASML, MAT, CMA, KEY, BK, PNC, BLK, WNS, SWK -10/16/13

Erning watch: ASML, MAT, CMA, KEY, BK, PNC, BLK, WNS, SWK -10/16/13

ASML

  

ASML misses by €0.08

ASML (ASML): FQ2 EPS of €0.44 misses by €0.08.

Revenue of €1.32B (+11% Y/Y).

  

MAT

  

Mattel beats by $0.04

Mattel (MAT): Q3 EPS of $1.16 beats by $0.04.

Revenue of $2.21B (+6% Y/Y) beats by $0.02B. (PR)

Mattel, Inc. declares $0.36 dividend

Mattel, Inc. (MAT) declares $0.36/share quarterly dividend, in line with previous.

Forward yield 3.47%

Payable Dec. 13; for shareholders of record Nov. 27; ex-div Nov. 25. 

Global sales lift Mattel to earnings beat

Mattel (MAT) reports sales in North America rose 3% in Q3 and international sales gained 9%.

Sales by brand: Barbie +3%; Hot Wheels -2%; Fisher-Price flat; American Girl +20%.

Gross margin +10 bps Y/Y during the period.

  

CMA

  

Comerica beats by $0.07

Comerica (CMA): Q3 EPS of $0.78 beats by $0.07. (PR)

KEY

KeyCorp beats by $0.05

KeyCorp (KEY): Q3 EPS of $0.28 beats by $0.05. (PR)

  

BK

  

BNY Mellon beats by $0.02

BNY Mellon (BK): Q3 EPS of $0.60 beats by $0.02.

Non-GAAP Revenue of $3.76B beats by $0.01B. (PR)

  

PNC

PNC beats by $0.17, beats on revenues

PNC (PNC): Q3 EPS of $1.79 beats by $0.17.

Revenue of $3.92B (-4% Y/Y) beats by $0.02B. (PR)

BLK

  

BlackRock misses by $0.01, revenues in-line

BlackRock (BLK): Q3 EPS of $3.88 misses by $0.01.

Revenue of $2.47B (+7% Y/Y) in-line. (PR)

  

  

WNS

  

WNS beats by $0.02

WNS (WNS): FQ2 EPS of $0.33 beats by $0.02.

Revenue less repair payments of $115.4M. (PR)

SWK

  

Stanley Black & Decker misses by $0.01, misses on revenues

Stanley Black & Decker (SWK): Q3 EPS of $1.39 misses by $0.01.

Revenue of $2.76B (+10% Y/Y) misses by $0.05B. (PR)

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JPMorgan Chase (JPM): Q3 EPS of $1.42 beats by $0.13, Infosys (INFY): FQ2 EPADS $0.73 (excl. prov. of $35M for visa related matter) vs consensus of $0.70. -10/11/13

 

JPMorgan Chase beats by $0.13

• JPMorgan Chase (JPM): Q3 EPS of $1.42 beats by $0.13.
• Revenue of $23.2B misses by $0.94B. (PR)
• Book value/share of $52.01

Litigation costs push JPMorgan into Q3 loss; shares gain

• EPS of $1.42 excludes litigation expense and reserves of $7.2B (vs. less than $1B a year ago), or $1.85 per share and also excludes the benefit of reserve releases of $992M, or $0.25 per share.
• Dimon: "The Board continues to seek a fair and reasonable settlement with the government on mortgage-related issues and one that recognizes the extraordinary circumstances of the Bear Stearns and WAMU transactions, which were undertaken at the request or encouragement of the U.S. Government."
• Consumer & Community Banking revenue of $11.1B is off 13% Y/Y. Tipped weakness on mortgage banking doesn't disappoint, with noninterest revenue of 27%. Total mortgage originations fell 17% from Q2, but that's all refi business as purchase originations rose 15%.
• Investment banking revenue of $8.2B is off 2% Y/Y, but includes a $397M DVA charge.
• Commercial banking revenue of $1.7B is off 7% Y/Y.
• Basel Tier 1 common ratio of 10.5%
• CC at 8:30 ET.
• Q3 results, press release.
• Shares +1.4% premarket.

Infosys open higher on strong revenue growth, ups guidance

• Infosys (INFY): FQ2 EPADS $0.73 (excl. prov. of $35M for visa related matter) vs consensus of $0.70.
• Net Profit -11.1% to $383M. Sales +15% to $2.06B vs $2.01B.
• Increase forecast for revenue growth in FY 2014 to 9-10%.
• Net addition of 2,964 employees.
• The board declares interim dividend of $0.32/share.
• Shares +5.1% in Mumbai.

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Citrix issues Q3 warning; enterprise IT peers fall in sympathy -10/9/13

Citrix issues Q3 warning; enterprise IT peers fall in sympathy

• Citrix (CTXS) expects Q3 revenue of $710M-$712M, below a prior guidance range of $730M-$740M and a $737.3M consensus. EPS guidance has been lowered to $0.68-$0.69, below a prior $0.72-$0.73 and a $0.73 consensus. (PR)
• The thin client/virtualization software and application delivery controller vendor doesn't give a reason for the shortfall. Full Q3 results arrive on Oct. 23.
• CTXS -11.1% AH. Off in sympathy: RHT -2.2% VMW -4.4%. EMC -1.5%. FFIV -4.3%.

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Yum's China same-store sales to drop in Q4; EPS guidance lowered - 10/8/13

Yum's China same-store sales to drop in Q4; EPS guidance lowered

• YUM's Chinese same-store sales fell 11% Y./Y in September (13% at KFC), slightly worse than August's 10%. Moreover, the company now thinks it's "unlikely China Division same-store sales will be positive for the fourth quarter."
• Thanks to China and a higher-than-expected tax rate, Yum now expects 2013 EPS to be down by a "high-single to low-double-digit percentage" Y/Y; the consensus is for a 6% drop to $3.06. 2014 EPS growth of "at least 20%" is promised.
• Same-store sales were flat in the U.S. and up 1% for Yum Restaurants International (YRI). Yum's global restaurant margin fell 1.3% Y/Y to 17.6%.
• The China unit had a $335M op. profit -11% Y/Y. It added 132 restaurant units in Q3, raising its YTD total to 458. Sales +1% Y/Y.
• YRI had a $163M op. profit, -6% Y/Y. 215 new units were added. Sales +1%. India division same-store sales were flat, but systems sales rose 24% thanks to unit growth.
• The U.S. division had a $164M op. profit, +1% Y/Y. Growth would've been 6% if not for refranchising.
• YUM -6.5% AH. CC at 9:15AM ET tomorrow. Q3 results, PR.

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Red Hat (RHT) beats by $0.02, beats on revenue - 9/23/13

Red Hat beats by $0.02, beats on revenue

• Red Hat (RHT): FQ2 EPS of $0.35 beats by $0.02.
• Revenue of $374M (+16% Y/Y) beats by $1.9M. Shares -3.27% AH

Red Hat guidance mixed, shares now -7.7% AH

• Red Hat (RHT) guides on its CC (webcast) for FY14 (ends Feb. '14) EPS of $1.36-$1.38; that's better than prior guidance of $1.31-$1.35 and a consensus of $1.35. However, the company expects FY14 revenue to be in a range of $1.51B-$1.52B, at the low end of a prior range of $1.51B-$1.54B and below a consensus of $1.53B.
• Moreover, FQ3 revenue is expected to be in a range of $381M-$384M, below a $391.5M consensus. While subscription revenue (87% of total in FQ2) is expected to keep growing, services revenue is expected to be flat after rising 9% in FQ2. FQ3 EPS is expected to be in a range of $0.34-$0.35 vs. a $0.34 consensus.
• The Americas accounted for 60% of FQ2 bookings, up from 58% a year ago (U.S. federal was strong). EMEA slipped to 23% from 24%, and Asia-Pac to 17% from 18%. Channel sales made up 70% of revenue, up from 66% a year ago and a new high.
• 30 deals were $1M+ vs. 27 a year ago. 40% of those deals involved middleware, and 6 were middleware-only.
• Driving home its point about long-term deals affecting billings, Red Hat pointed out only 15% of two very large deals ($20M+) were billed.
• Raymond James observes Red Hat's FQ2 billings figure of $376M was well short of a $389M consensus.
• FQ2 results, details

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Stock Alerts - Companies affected include Patriot Coal (PCXCQ.OB), Alpha Natural Resources (ANR), Arch Coal (ACI), Peabody Energy (BTU), James River (JRCC), Cliffs Natural (CLF), Rhino Resource Partners (RNO), CONSOL Energy (CNX), Oxford Resource Partners (OXF), Walter Energy (WLT) and Natural Resource Partners (NRP). -9/20/13

EPA to set carbon limits on power plants

• The Environmental Protection Agency is scheduled to today unveil restrictions on carbon emissions for new power plants, a key part of President Obama's policy to fight what many see as global warming.
• The EPA will reportedly set CO2 limits at 1,100 pounds per megawatt hour for coal plants and 1,000 pounds for most natural gas plants. To meet those restrictions, coal plants would have to capture and store 20-40% of their CO2 emissions using technology that isn't yet being deployed on a commercial scale. The industry argues that the work would be so expensive that it would preclude the building of new plants.
• More far-reaching limits for existing facilities are due to be proposed in June 2014.
• Companies affected include Patriot Coal (PCXCQ.OB), Alpha Natural Resources (ANR), Arch Coal (ACI), Peabody Energy (BTU), James River (JRCC), Cliffs Natural (CLF), Rhino Resource Partners (RNO), CONSOL Energy (CNX), Oxford Resource Partners (OXF), Walter Energy (WLT) and Natural Resource Partners (NRP).
• ETF - KOL.

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Adobe Systems misses by $0.02, misses on revenues, Creative Cloud strength overshadows soft guidance -9/1/2013

Adobe Systems misses by $0.02, misses on revenues

• Adobe Systems (ADBE): FQ3 EPS of $0.32 misses by $0.02.
• Revenue of $995.1M misses by $14.9

Adobe +4.6% AH, Creative Cloud strength overshadows soft guidance

• In addition to missing FQ3 estimates, Adobe (ADBE) is guiding for FQ4 revenue of $1B-$1.05B and EPS of $0.28-$0.34, below a consensus of $1.08B and $0.41.
• However, the company also states it added 331K paid Creative Cloud subs in FQ3, easily more than FQ2's 221K and FQ1's 153K, and leading the total base to grow to 1.031M. Enterprise CC adoption was stronger than expected.
• Creative annual recurring revenue (ARR) +53% Q/Q to $546M. Adobe expects to add "slightly more" CC subs in FQ4 than were added in FQ3, and is on track to top its FY13 Digital Media ARR target of $800M.
• The shift to cloud subscriptions from up-front licenses has the effect of making Adobe's near-term revenue and earnings trail its bookings and free cash flow, as cloud revenue is recognized over the life of a subscription. Thus, thanks to the CC shift, Adobe's recognized Digital Media revenue fell 16% Y/Y to $636.7M.
• Marketing Cloud (ad tech) had another strong quarter, growing 28% Y/Y (25% exc. Neolane) and reaching a $1B/year run rate. Total Digital Marketing revenue +18% to $311.7M.

 

More on Adobe: Buybacks, deferred revenue, hardware, Acrobat

• Adobe (ADBE) spent $326M in FQ3 to repurchase ~7M shares (1.4% of outstanding shares).
• Deferred revenue totaled $734M at the end of FQ3, +6% Q/Q and reversing FQ2's 1% drop.
• Adobe declares "the overwhelming majority" of its customers are shifting from perpetual to term-based licenses, validating market acceptance of Creative Cloud.
• Document Services revenue (a portion of Digital Media revenue) fell 1.5% Y/Y to $182.7M thanks to shift towards Acrobat subscriptions. Document Services ARR rose 30% Q/Q to $109M, with total subscribers topping 1.3M after crossing 1M in FQ2.
• Print/publishing revenue was soft, falling 14% Y/Y to $46.7M (5% of revenue).
• Adobe also announces Project Mighty (a Bluetooth-equipped tablet stylus) and Project Napoleon (a digital ruler/guide) will be released in 1H14
• R&D spend +10% Y/Y to $208.7M, sales/marketing spend +5% to $388.7M. CC/Marketing Cloud investments have much to do with the R&D growth.
• ADBE +5% AH

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