Navivest Stocks and Options Blog

Apple Blows Past Estimates

Jul 21, 2010 Company News, Earnings, Stock to watch

Apple (AAPL) announced bettered than expected second quarter results after the bell yesterday, sending the shares up $9.09 in pre-market trading today.

Apple reported that in the period, it had revenue of $15.7 billion, compared to revenue of $9.73 billion in the year ago second quarter period. Profit came in at $3.25 billion or $3.51 on a per share basis, compared to quarterly profit of $1.83 billion or $2.01 per share in Q2 2009. Analysts had been forecasting revenue of $14.7 billion and earnings per share of $3.11.

For the current quarter, the company is forecasting revenue of $18 billion, against analysts’ forecasts of $17 billion and earnings of $3.44 per share, against analysts’ forecasts of $3.83.

In the period, Apple sold 8.4 million iPhones, up 61 percent from last year, 3.3 million iPads, 1.7 milion of the company’s latest iPhone, which just went on the market towards the end of the quarter and 3.47 million Macs, a 33% increase and 9.41 million iPods, which was an eight percent decline in unit sales.

Apple shares are up $9.37 or 3.72% on the news in pre-market trading this morning.

Tags: apple, Earnings

Intel Reports Best Ever Quarterly Earnings Results

Jul 13, 2010 Company News, Earnings, Stock to watch

Technology bellwether Intel (INTC) today reported 2010 second quarter earnings results that handily beat analysts’ estimates. According to the company, this was its best quarter ever. For the period, the company reported that revenues rose 34% to $10.765 billion, from $8.024 billion in the year ago period.

Operating income rose from a loss of $12 million in Q2 2009, to $3.98 billion, while net income rose to $2.88 billion, from a loss of $398 million Q2 2009. Results from the second quarter of 2009, were affected by a $1.06 billion fine that was levied on the company by the European Union.

The company’s gross margin, which is closely followed by analysts, rose to 67%, from 51% a year ago. Intel had previously announced that it expects to realize margins of 64%, plus or minus 2%.

On a per share basis, the company earned $0.51, compared to the $0.43 analysts had been forecasting, on revenues of $10.25 billion. The company had also provided its own revenue guidance of $10.2 billion, plus or minus $400 million.

Intel’s stock rose as much as $1.72 or 8.1% in after hours trading on the news.

Tags: Earnings, intel

Buffalo Wild Wings’ Crushed On Same Store Sales

Apr 28, 2010 Company News, Earnings

Shares of Buffalo Wild Wings (BWLD) sold off today, after the company released its latest earnings news, which were better than expected, but the company also announced that same store sales for April fell.

The stock dropped $8.71 to close at $42.30, a loss of 17.06% in regular session trading.

Yesterday after the bell, the company reported that for the first quarter of 2010, it earned $10.8 million or $0.58 per share, which was a penny ahead of the consensus estimate of $0.57.

Revenue for the period was $152.3 million against forecasts of $154.4 million.

Tags: buffalo wild wings, Earnings

Stock of The Day – Harley Davidson

Apr 20, 2010 Company News, Earnings, Stock Market

Shares of Harley-Davidson (HOG) are up $2.34 to $35.11, a gain of 7.14% in very early trading, on the company’s latest earnings news, which was reported this morning.

For the first quarter of 2010, the company reported revenue $1.04 billion and income from operations of $68.7 million, which works out to $0.29 per share. The company’s earnings actually declined 71% from the same period last year, while revenue declined 29%.

Analysts had been looking for revenue of $1.02 billion and earnings per share of $0.22.

Tags: Earnings, harley davidson

Google Shares Tanking On 2010 Q1 Results

Apr 15, 2010 Company News, Earnings

Google’s (GOOG) stock is being sold off in after hours trading, with the shares down $17.30 to $577.75, a 2.9% decline, at 4:18 PM, on the company’s latest earnings results. This despite the fact that the results actually beat estimates.

For the first quarter period, Google is reporting revenues of $6.775 billion, from $5.509 billion in the same period a year ago. Net income was $1.955 billion from $1.423 in the Q1 period a year ago. Earnings on a per share basis, was $6.06 on a diluted basis, compared to $4.49 per share a year ago.

Traffic Acquisition Costs or TAC, which refers mostly to the fees Google pays to outside sites that display Google ads, came in at $1.71 billion. TAC totaled 26% of advertising revenues. On a non-GAAP basis, Google is reporting earnings of $6.76 per share.

Analysts had been looking for the company to report revenues of $4.954 billion and earnings of $6.60 per share. As can be seen, the company beat handily on both the top and bottom line. However, the stock is reportedly being sold off because there was an earnings whisper number of $6.76 per share.

Tags: Earnings, google

Nike Up After Hours On Earnings News

Mar 17, 2010 Company News, Earnings

Nike (NKE) shares are up $2.38 to $73.26 in after hours trading, a 3.36% gain, on the company’s latest earnings news.

For the fiscal 2010 third quarter period that ended February 28, 2010, Nike reported revenue of $4.7 billion, up 7% from the $4.4 billion reported in the same period of 2009.

Net income for the period was $496 million or $1.01 per diluted share, compared to $244 million or $0.50 per diluted share in the same period last year. Analysts had been looking for the company to report earnings of $0.89 per share on revenue of $4.59 billion.

Tags: Earnings, nike

DSW Falls 10% On Latest Earnings

Mar 16, 2010 Uncategorized

Shares of women’s shoe retailer DSW Inc (DSW) fell $3.10 or 10.53% to $26.33 after the company released its 2009 Q4 earnings results, which came in at $0.30 against estimates of $0.32. The company also announced that it now expects fiscal 2010 earnings to come in between $1.35 and $1.45 per share, up from its previous guidance of $1.15 to $1.25 per share. Current analysts’ estimates are for 2010 EPS of $1.40.

Tags: dsw inc, Earnings

Buy Big Lots Options On Upcoming Earnings

Feb 26, 2010 Earnings, Options, Trading Idea

The following is the latest trade from our Options Capitalist service.

Closeout retailer Big Lots (BIG) reports its latest earnings news on Monday. There is a very good likelihood the company beats estimates, which should send the shares higher.

Buy the Big Lots March 2010 32.50 calls. They are now trading at $1.90 by $2.05. Enter to $2.40. There is a fifteen cents spread between bid and ask, which is larger than what we prefer, but with a beat, we should see a $2-$3 pop in the stock.

The Options Capitalist is a subscriptions-based options trading recommendation service. More information about the service can be found here.

Tags: big lots, calls, Earnings, Options

Hewlett Packard Earnings Options Play

Feb 17, 2010 Earnings, Options, Stocks, Trading Idea

Hewlett Packard (HPQ) reports Q1 2010 after the bell today. Analysts are looking for the company to report earnings of $1.06 per share for the quarter. There is a good likelihood  the company will beat earnings and we are buying calls to profit if the company does beat estimates and the stock moves higher. We are also purchasing some puts to hedge against a downside move in the stock, in the event the news is disappointing.

The Trade:

Buy the Hewlett Packard March 50 calls. The current ask is $1.62

For every three calls you purchase, buy 1 Hewlett Packard March 50 puts, which are currently asking $1.52.

We will post a follow up on this trade tomorrow Thursday February 18, 2010.

Navivest is a trading advisory services firm offering subscription-based trade recommendation services. For more information on our services, visit our website at http://www.navivest.com

Tags: Earnings, hewlett packard, Options