EMC Corporation (EMC) shares are down $0.51 to $25.81 in pre-market trading Wednesday after the company reported its first-quarter earnings results.
The maker of data-storage equipment reported non-GAAP earnings of $0.31 per share on revenues of $5.61 billion, up 2.4% from a year ago. Analysts were expecting EPS of $0.36 on revenues of $5.73 billion. Net income attributable to EMC fell 32% to $252 million, or $0.13 per share, in Q1 ended March 31, from $392 million, or $0.19 per share, a year earlier.
“We are pleased that we slightly exceeded our first-quarter non-GAAP EPS expectations; however, we fell a bit short on first-quarter storage revenue due to geo-political factors in Russia and China and not executing as crisply as we had expected in the first quarter”, stated Joe Tucci, EMC Chairman and CEO. “That said, we are confident that we will meet our business outlook for the year.”
The Hopkinton, Massachusetts-based company guided FY/15 revenues of $25.70 billion, as compared to analysts’ expectations of $25.91 billion. The management also gave its bottom line EPS range of $1.91 per share, against projections of $1.97 per share.
The $52.33 billion market cap company reported $13.5 billion in cash in its most recent quarter.
The Boeing Company (BA) reported first quarter non-GAAP EPS of $1.97 before the opening bell Wednesday, compared to the consensus estimate of $1.81. Revenues increased 8.3% from last year to $22.15 billion. Analysts expected revenues of $22.50 billion. The stock is currently down $1.08 to $152.25 .
For full fiscal year 2015, the airplane builder provided EPS guidance of $8.20 – $8.40 vs. consensus of $8.48 per share. The company also issued revenue projection of $94.5 – $96.5 billion, compared to the consensus revenue estimate of $94.82 billion. GAAP earnings per share was $1.87, a 46% increase from the corresponding period in 2014.
“With disciplined execution and a sharp focus on productivity, we are meeting increasing customer commitments while profitably growing our business,” said in a statement Boeing Chairman and CEO Jim McNerney. “The strong operational and financial performance reinforces our ability to continue providing competitive returns for our shareholders while investing in technology and our people.”
On valuation measures, Boeing Co. shares, which currently have an average 3-month trading volume of 3.39 million shares, trade at a trailing-12 P/E of 20.78, a forward P/E of 16.56 and a P/E to growth ratio of 1.49. The median Wall Street price target on the name is $164.50 with a high target of $196.00. Currently ticker boasts 13 ‘Buy’ endorsements, compared to 7 ’Holds’ and 2 ‘Sell’.
Profitability-wise, BA has a t-12 profit and operating margin of 6.00% and 7.93%, respectively. The $108.00 billion market cap company reported $8.65 billion in cash vs. $8.90 billion in debt in its most recent quarter.
BA currently prints a one year return of 22.82% and a year-to-date return of around 19%.
The chart below shows where the equity has traded over the last 52 weeks.
Shares of Angie’s List, Inc. (ANGI) rallied 11% to $6.80 after the company released its earnings results on Wednesday. The consumer reviews service firm reported Q1’15 EPS of $0.07 per share vs. $0.00 consensus on $83.5 million in revenue, up 15% from a year ago. For the current quarter, net income was $4.4 million, compared to a net loss of $3.8 million in the first quarter of 2014.
“We had a positive start to the year,” said in a statement Angie’s List CEO Bill Oesterle. “We strengthened the foundation of our marketplace by adding inventory and growing gross merchandise value. Further, we improved our efficiency with respect to membership acquisition, enhanced service provider sales efficiency and delivered leverage in key expense line items.”
For FY/15, Angie’s List provided revenue guidance of $357 – $363 million, compared to the consensus revenue estimate of $359.40 million.
Profitability-wise, ANGI has a t-12 profit and operating margin of (3.83%) and (2.73%), respectively. The $359.87 million market cap company reported $77.5 million in cash vs. $58.91 million in debt in its most recent quarter.
ANGI currently prints a one year loss of about 50% and a year-to-date loss of 1.28%.
The chart below shows where the equity has traded over the last 52 weeks.
The Coca-Cola Company (KO) gained $1.02 to $41.80 in pre-market trading after it reported fiscal-first quarter earnings.
The world’s largest beverage maker handed in earnings of $0.48 per share on revenue of $10.71 billion, beating Wall Street estimates of $0.42 per share on revenue of $10.70 billion. Net earnings was $1.56 billion, or $0.35 per share, a 3.70% decline from $1.62 billion, or $0.36/shr a year earlier.
On valuation measures, Coca-Cola Co. shares, which currently have an average 3-month trading volume of 15.52 million shares, trade at a trailing-12 P/E of 25.49, a forward P/E of 19.33 and a P/E to growth ratio of 4.23. The median Wall Street price target on the name is $45.00 with a high target of $53.00. Currently ticker boasts 11 ‘Buy’ endorsements, compared to 12 ’Holds’ and 2 ‘Sell’.
Profitability-wise, KO has a t-12 profit and operating margin of 15.43% and 23.63%, respectively. The $178.06 billion market cap company reported $8.2 billion in cash vs. $26.08 billion in debt in its most recent quarter.
KO currently prints a one year return of 3.11% and a year-to-date loss of 2.61%.
McDonald’s Corp. (MCD) is up $1.98 to $96.85 in pre-market trading after it reported fiscal results for the first quarter.
In its quarterly report, the restaurant operator said it earned $1.01 per share, well below the $1.06 per share analysts were expecting. Revenue fell 11.1% to $5.96 billion, below views for $5.97 billion. For the current quarter, net income was $811.5 million or $0.84 per share, compared with net income of $1.2 billion, or $1.21 per share in the first quarter of 2014.
In the U.S. and Europe, Q1 comparable sales decreased 2.6% and 0.6%, respectively, reflecting negative sales and guest traffic.
Kevin Ozan, McDonald’s Chief Financial Officer, stated, “We are committed to positioning the Company for long-term growth. We took a meaningful step in the first quarter with the decision to close under-performing restaurants that are not contributing to our profitability. While we continue our efforts to regain our business momentum and improve sales at our more than 36,000 restaurants around the world, our current performance reflects the ongoing pressures on the business. April global comparable sales are expected to be negative.”
Profitability-wise, MCD has a t-12 profit and operating margin of 17.34% and 29.04%, respectively. The $91.18 billion market cap company currently prints a one year loss of 1.52% and a year-to-date return of 2.13%.
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