Market Focus

Starbucks 

Starbucks’ sales and profit growth came in strong, but for the holiday quarter, the company isn’t expected results to meet analyst estimates. Shares slipped initially in after-hours trading before coming back slightly. During the regular session shares were off more than one percent to $62.50.

LinkedIn 

LinkedIn beat forecasts as the company gained traction in China. The social network for professionals earned more from its recruitment services business and saw sales rise nearly 40 percent from the previous year. Shares popped in initial after-hours trading. During the regular session shares rose nearly two percent to $217.

Aetna

Aetna reporting mixed quarterlies. Adjusted earnings topped consensus, while revenue came in below forecasts. The company did hike its full-year earnings forecast, despite reporting a slight dip in medical membership. Shares rose more than three percent to $114.86.

MasterCard

MasterCard’s earnings were better than expected, but revenue came in below consensus. Customer incentives weighed on the payment company’s top line results. Still, the stock rose a fraction to $100.59.

MGM Resorts 

MGM unveiled plans to create a real estate investment trust or a REIT that will be made up of ten of its properties. Separately, the company’s earnings and revenue best estimates. Shares popped nearly five percent to $22.80.

Sherwin Williams 

Mixed results from Sherwin Williams. Revenue was shy of forecasts, but the paint company is upping its full-year outlook based on an increase in sales when compared to last year. The stock rose 4.5 percent to $258.11.

NXP Semiconductor 

A disappointing outlook weighed on shares of NXP Semiconductor in today’s session. The company is predicting a revenue decline in the fourth quarter. This as orders have fallen because of the slowing global economy. Shares tumbled 20 percent to $73.

GoPro

Investors getting a chance to react today to an earnings and revenue miss from GoPro. The action camera maker also offered a weak holiday earnings outlook, but the CEO said a closer look at the quarter showed positive signs. Shares slid 15 percent to $25.62.

This entry was posted in Market Focus. Bookmark the permalink.

Leave a Reply