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Financialbuzz.com: 'Earnings Recap' Week Ending February 8th, 2019


News provided by

FinancialBuzz.com

08 Feb, 2019, 14:45 GMT

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NEW YORK, Feb. 8, 2019 /PRNewswire/ --

FinancialBuzz.com News Commentary

U.S. markets were focused around earnings results and U.S. President Donald Trump's State of the Union address this week, starting the week strong as they rose throughout Monday. Google's parent company reported its financial results after market close on Monday, but due to declining advertising prices and increased expenses, shares edged lower. The Dow Jones Industrial Average disregarded Alphabet's loss and rose by 430 points from Monday's open into Tuesday's high in anticipation of the speech. Investors seemed to be disappointed leading into Wednesday however, causing the early morning slump. Despite the news, markets quickly rebounded throughout Wednesday, closing approximately 40 points lower from the opening bell. The bullish run through the week was almost nearly erased after worse-than-expected results were reported and ongoing U.S.-China trade war tensions. Then, Twitter reported its financial results before the opening bell and provided weaker guidance, causing shares to plunge by 10%. Twitter's decline led markets to spiral down. In combination with the trade war news, the Dow Jones fell by as much as 370 points or 1.4%. National Economic Council Director Larry Kudlow said in an interview with Fox Business Network that there is still a long way to go before the U.S. and China reach a deal. CNBC also reported that a meeting between Trump and China's President Xi Jinping is not likely to happen before the deadline on March 1st, however, the U.S. is like to keep tariffs at 10% rather than raising them to 25% as scheduled. The S&P 500 Index fell by 62.66 points or 2.2% on Thursday, while the Nasdaq Composite fell by 134.48 points or 1.8%. Alphabet Inc. (NASDAQ: GOOG), Snap Inc. (NYSE: SNAP), Chipotle Mexican Grill, Inc. (NYSE: CMG), Twitter, Inc. (NYSE: TWTR), Grubhub Inc. (NYSE: GRUB)

Companies are reporting robust earnings growth for their respective fiscal quarters. However, many outlooks were much weaker than projected due to rising expenses as well as global economic weakness, which ended up snapping a 5-day winning streak for the S&P 500. Now, investors will shift their focus to trade talks as well as other global news. "The excuse for today's correction appears to be related to U.S.-China trade talks but to me the bigger factor is that many of the forces which have been driving the market rebound in recent weeks —investors getting back on the bandwagon, the Fed shift from hawkish to neutral, and the adjustment of expectations following the initial wave of earnings reports—, have run their course and investors appear to be waiting for the next big mover," said Colin Cieszynski, Chief Market Strategist at SIA Wealth Management. Cieszynski predicted the S&P 500 will move in a range of 2,600 to 2,800 in the near term with volatility rising on uncertainty over a possible second government shutdown, U.S.-China trade, and Brexit.

For our latest "Buzz on the Street" Show featuring "Earnings Recap" please visit: 

https://www.youtube.com/watch?v=c7dfj5w5Kwo

Alphabet Inc. (NASDAQ: GOOG), Google's parent company, reported its fourth quarter financial results after market close on Monday. The tech giant topped estimates, however, shares declined on advertising prices and increased expenses, causing shares to fall by 3%. Alphabet reported earnings of USD 12.77 per share on revenue of USD 39.28 Billion. Analysts expected earnings of USD 10.82 per share on revenue of USD 38.93 Billion. The Company reported that its advertising revenue rose to USD 32.63 Billion, compared to USD 27.22 Billion the same quarter last year. Alphabet also reported that capital expenditures increased from USD 3.81 Billion last year to USD 6.85 Billion for the quarter.

Snap Inc. (NYSE: SNAP) reported its fourth quarter financial results after market close on Tuesday and surpassed analysts' estimates, sending shares 25% higher at the opening bell on Wednesday. Snap reported an adjusted earnings loss of USD 4 cents per share on revenue of USD 390 Million. Analysts projected earnings loss of USD 7 cents per share on revenue of USD 378 Million. The Company also reported 186 million daily active users, which fell from 187 million the same quarter last year. Despite the user decline, Snap reported staggering growth across its charts. Snap said its revenue increased by 36% year-over-year while earnings per share loss decreased by 65%.

Chipotle Mexican Grill, Inc. (NYSE: CMG) reported its fourth quarter financial results after market close on Wednesday. The fast-food chain crushed estimates in sales and earnings, sending shares soaring by 13.3% at the open on Thursday. Chipotle reported earnings of USD 1.72 per share on revenue of USD 1.23 Billion. Analysts forecasted earnings of USD 1.37 per share on revenue of USD 1.19 Billion. Chipotle saw its same-store sales grow to 6.1%, compared to expectations of 4.49%. Chief Executive Officer Brian Niccol's push for digitized transactions led digital sales also rose by an astounding 65.9%, accounting for 12.9% of total sales.

Twitter, Inc. (NYSE: TWTR) reported its fourth quarter financial results on Thursday morning. The Company beat expectations, but it provided weaker-than-expected guidance, sending shares tumbling down by 10%. For the fourth quarter, Twitter reported earnings of USD 31 cents per share on revenue of USD 909 Million. Analysts expected earnings of USD 25 cents per share on revenue of USD 878.1 Million. Twitter noted that it would be splitting its user metrics data into total users and total monetized users. The social media giant reported average monthly users of 321 million, which fell compared to 330 million last year. Average monetizable daily active users were 126 million for the quarter compared to 115 million year-over-year.

Grubhub Inc. (NYSE: GRUB) reported its fourth quarter financial results on Thursday before market open and missed its quarterly estimates, causing shares to plunge by 19%. For the fourth quarter, Grubhub reported earnings of USD 19 cents per share on revenue of USD 287.7 Million. Analysts expected earnings of USD 28 cents per share on revenue of USD 290 Million. The dining delivery service saw its active diners increased by 22% to 17.7 million. Daily average grubs, which the number of orders placed, increased by 19% to 467,500 orders. Gross food sales totaled USD 1.4 Billion, jumping by 21% year-over-year.

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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.

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