Search Weight Loss Topics:




Mar 2

News – Investor’s Business Daily

Planet Fitness (PLNT), Shake Shack (SHAK), Glaukos (GKOS), Broadcom (AVGO) andBox (BOX) reportedquarterly earnings after the close Wednesday.

Broadcom and Glaukos reported strong results, but Shake Shack had weak same-store sales while Planet Fitness and Box gave mixed-to-weak guidance. Here are the details and the stock reaction.

Estimates:EPS to increase 12% to 19 cents as revenue grows 9% to $115.51 million.

Results: EPS climbed 18% to 20 cents. Revenue rose 10% to $116.4 million. Same-gym sales climbed 10.6%.

Outlook:Full-year EPS of 72-75 cents vs. consensus for 75 cents. Full-year revenue of $405 million to $415 million vs. analyst targets for $411.2 million. Systemwide comps of 6%-8%.

Stock: Planet Fitness fell 8.4% in after-hours trading. Shares closed up 1.6% to 21.85 on the stock market today as they form a flat base with 22.17 entry point.

Estimates: Q4 profit to grow 12.5% to 9 cents a share on 38% revenue growth to $70.7 million.

Results:EPS matched views for 9 cents, while revenue climbed 43.5% to $73.3 million. Same-store sales rose just 1.6%, below some estimates.

Outlook: Shake Shack raised its full-year revenue target to $349 million to $353 million from$348 million to $352 million. That's above the consensus. Sees full-year same-store growth 2%-3%.

Stock: Shake Shack fell nearly 6% in after-hours action. Shares closed up 0.75% to 36.12. The stock has largely been trading below its 50-day and 200-day averages this calendar year, although it is working on a cup-with-handle base with 39.80 entry point.

Estimates: Break-even EPS vs. the prior year's 7-cent per-share loss. Revenue seen rising 47% to $29.8 million.

Results: Q4 was break-even, revenue climbed 64% to $33.2 million.

Outlook: Full-year sales of $160 million to $165 million vs. views for $147.5 million.

Stock: Shares rose 9.2% to 50 in after-hours trading. Glaukos closed 0.6% higher at 45.79.The stock is tracking higher, now extended well past buy range after clearing a 36.10 entry point on Jan. 6.

Estimates:EPS to jump 44% to $3.48 with revenue up 129% to $4.08 billion, up 129%, thanks to its merger with Avago. If the forecasts hold, the numbers would represent the fourth straight quarter of accelerating sales and earnings growth.

Results: Adjusted EPS of $3.63, revenue was $4.15 billion.

Outlook:Fiscal Q2 revenue of about $4.1 billion vs. estimates for $3.9 billion.

Stock: Shares rose 4% in after-hours trading. The stock finished up 2% at 215.14, rallying steadily since mid-January.

Estimates: A 14-cent per-share loss (vs. the prior-year quarter's 26-cent per-share loss) and 28% revenue gains to $108.9 million.

Results: The adjusted loss was 10 cents per share. Revenue climbed 29% $109.9 million.

Outlook: Box sees Q1 revenue of $114 million to $115 million vs. the consensus for $115.1 million. Box expects full-year revenue of $500 million to $504 million vs. analyst views for $500.6 million. Box sees Q1 adjusted per-share loss of 14-15 cents vs. views for a 12-cent loss. It expects a full-year per-share loss of 45-49 cents vs. the consensus for a loss of 60 cents.

Stock: Box fell 2.5% in after-hours trading. Shares closed up 3.6% to 18.26.

RELATED:

Snap IPO Wednesday! And Here's Some Other Stuff: Investing Action Plan

The IPO of messaging app Snap was a center of attention, as stocks opened lower Thursday. (ZUMAPRESS.com/Newscom)

9:42 AM ET Stocks opened lower Thursday, reflecting trade across global markets. Investors eyed the highly anticipated initial offering of social networking site...

9:42 AM ET Stocks opened lower Thursday, reflecting trade across global markets. Investors...

Here is the original post:
News - Investor's Business Daily

Related Posts

    Your Full Name

    Your Email

    Your Phone Number

    Select your age (30+ only)

    Select Your US State

    Program Choice

    Confirm over 30 years old

    Yes

    Confirm that you resident in USA

    Yes

    This is a Serious Inquiry

    Yes

    Message:



    matomo tracker