Apple (AAPL) – CEO Tim Cook defended Cupertino’s decision in an ABC News interview screened Wednesday night to resist the FBI’s call to unlock encrypted information stored on a mass shooter’s iPhone for evidence. Cook said the FBI is asking him to develop “the software equivalent of cancer” in order to hack the iPhone, and that accessing the device in the name of fighting terrorism would be “bad for America.”
—
Shares of Celldex Therapeutics, Inc. (CLDX) are rallying 10 percent to $7.71 in pre-market hours on Thursday following the company’s earnings release. The biopharmaceutical firm posted Q4’15 EPS loss of ($0.33) per share vs. ($0.35) consensus. Revenue rose 21.10% YoY to $1.78 million, above views for $0.8 million.
—
Best Buy Co., Inc. (BBY) reported fourth quarter non-GAAP EPS of $1.53 before the opening bell Thursday, compared to the consensus estimate of $1.39. Revenues declined 4.10% from last year to $13.62 billion. Analysts expected revenues of $13.59 billion. The stock is currently down $0.57, or 1.81%, to $30.90.
For the current quarter, Best Buy issued guidance below-consensus despite a bottom-line beat in Q4. The company expects its 1Q16 EPS to range between $0.31-$0.35 versus consensus of $0.39 per share. The company also issued revenue projection of $8.25-$8.35 billion, compared to the consensus revenue estimate of $8.44 billion.
BBY currently prints a one year loss of 14.53% and a year-to-date return of 3.35%.
—
Salesforce.com (CRM) shares surged over 10% in pre-market trading after the cloud computing firm posted better-than-expected Q415 revenue and raised its full-year guidance. The tech firm handed in earnings of $0.19 per share on revenue of $1.81 billion, in-line with Wall Street estimates of $0.19 per share on revenue of $1.79 billion.
For the current quarter, CRM expects EPS of $0.23-0.24 versus consensus of $0.21 per share. The company also issued rev projection of $1.885-$1.895 billion, compared to the consensus revenue estimate of $1.86 billion.
Leave a Reply