FinancialBuzz.com: 'Earnings Recap' Week Ending February 15th, 2019

NEW YORK, Feb. 15, 2019 /PRNewswire/ -- U.S. markets continually rose throughout the week due to optimism revolving around U.S.-China trade talks. On Tuesday, the Dow Jones Industrial Average gained as much as 350 points or 1.3% following reports of a potential trade war deal between the two countries. Reports suggested that the U.S. and China are looking to negotiate a deal before the deadline in March. Both parties have expressed that the new negotiations, which began in Beijing on Monday, would bring them closer to an agreement. The positive news regarding the trade war tensions carried on into Wednesday after U.S. President Donald Trump said the talks are "going very well" between the two sides. However, the bullish run was cut short on Thursday after the December retail sales reports were released. The data showed that retail sales fell by 1.2% in December, making it the biggest monthly drop since September 2009, according to the Commerce Department. The report sent Treasury yields and the U.S. dollar lower. The benchmark 10-year rate traded around 2.64%, slightly down from 2.69%, while the U.S. dollar fell against other major currencies. The Dow Jones Industrial Average fell by as much as 229.15 points or 0.8% on Thursday. However, markets began to quickly rebound throughout Thursday as the Dow recovered as much as 213.4 points by mid-day. The Nasdaq Composite gained 69.52 points, while the S&P 500 regained 22.83 points. Shopify Inc. (NYSE: SHOP), Under Armour, Inc. (NYSE: UAA), Activision Blizzard, Inc. (NASDAQ: ATVI), Twilio Inc. (NYSE: TWLO), Nvidia Corporation (NASDAQ: NVDA) 

"Futures had been drifting higher this morning [Thursday], but a ton of economic data was just released and it wasn't good," wrote Paul Hickey of Bespoke Investment Group in a Thursday morning note to clients. "PPI missed on the headline but was stronger than expected at the core. Retail sales for December were much weaker than expected, and jobless claims also came in considerably higher than expected. Jobless claims have now been steadily drifting higher with the four-week moving average reaching its highest level in over a year and leading to the question, have we seen the low in jobless claims?"

Shopify Inc. (NYSE: SHOP) reported its fourth quarter financial results on Tuesday before market open. The e-commerce company topped expectations, however, shares slipped by 3% Tuesday morning. For the quarter, Shopify reported earnings of USD 26 cents per share on revenue of USD 343.86 Million. Analysts expected earnings of USD 20 cents per share on revenue of USD 327.63 Million. Shopify's revenue and earnings have increased dramatically year-over-year; revenue has now increased by 54% from the same quarter last year, while earnings per share are up from USD 15 cents per share.

Under Armour, Inc. (NYSE: UAA) reported its fourth quarter financial results on Tuesday during pre-market hours. The Company reported better-than-expected earnings and revenue, sending shares 7% higher. For the quarter, Under Armour reported earnings of USD 9 cents per share on revenue of USD 1.4 Billion. Analysts expected earnings of USD 4 cents per share on revenue of USD 1.38 Billion. Under Armour said the stronger than expected quarter was resulted by boosted international apparel sales and growth.

Activision Blizzard, Inc. (NASDAQ: ATVI) reported mixed fourth-quarter results on Tuesday during extended trading hours, causing shares to seesaw. Despite the mixed reaction, Activision shares gained 7% at the opening bell on Wednesday. For the quarter, Activision reported earnings of USD 1.29 per share on revenue of USD 2.84 Billion. Analysts expected earnings of USD 1.28 per share on revenue of USD 3.04 Billion. Activision also announced that due to recent headwinds, the Company is planning to slash its global workforce by 8%.

Twilio Inc. (NYSE: TWLO) reported its fourth quarter results on Tuesday. The cloud communications company reported in earnings but topped revenue expectations. For the quarter, Twilio reported earnings of USD 4 cents per share on revenue of USD 204.3 Million. Analysts expected earnings of USD 4 cents and revenue of USD 185 Million. The Company saw its revenue grow substantially by 77% year-over-year as its active customer accounts rose to 64,286 from 48,979 in the quarter.

Nvidia Corporation (NASDAQ: NVDA) reported its fourth quarter financial results on Thursday during extended trading hours. The Company beat expectations for both earnings and revenue, sending shares 7% higher. For the quarter, Nvidia reported earnings of USD 80 cents per share on revenue of USD 2.21 Billion. Analysts projected earnings of USD 75 cents per share on revenue of USD 2.20 Billion. Nvidia reported that post-crypto excess channel inventory and decelerating market conditions drove the annual revenue decline. However, Nvidia also said it is seeing strength in its computing platform, artificial intelligence, autonomous driving, and robotics segments.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com 

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has not been compensated for financial news dissemination and PR services by any parties. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.FinancialBuzz.com.

For further information:

Media Contact:
info@financialbuzz.com
+1-877-601-1879

Url: http://www.FinancialBuzz.com

Related Links

http://www.FinancialBuzz.com