Wednesday, February 26, 2014

For Investors Only

Investor's Business Daily is reporting:
First Solar, the No. 2 company by market cap in IBD's No. 1-ranked industry group, saw its stock get burned after hours Tuesday, after the company posted Q4 earnings and revenue that missed views, as did its sales guidance.
The solar panel maker's stock was down 12% after its results, a day after the No. 1 company in that group, SolarCity (SCTY), also fell after hours when it surprised investors with word that it would delay its full earnings report to March 3. SolarCity rebounded in Tuesday's regular session, rising 3.4%.
Barnes & Noble beats by $0.26, reports revs in-line; reaffirms full year guidance: Reports Q3 (Jan) earnings of $0.86 per share, $0.26 better than the Capital IQ Consensus Estimate of $0.60; revenues fell 10.3% year/year to $2 bln vs the $2.01 bln consensus.

CenterPoint misses by $0.02: Reports Q4 (Dec) earnings of $0.26 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.28; revenues rose 2.2% year/year to $2.18 bln.

Target reports Q4 in-line with Jan 10 preannouncement; guides Q1 EPS below consensus; guides FY15 EPS below consensus: Reports Q4 (Jan) earnings of $0.81 per share, in-line with the Capital IQ Consensus of $0.81 (adj. EPS $1.30 vs. $1.20-1.30 guidance, lowered from $1.50-1.60 on Jan 10); revenues fell 3.8% year/year to $21.52 bln vs the $21.44 bln consensus, reflecting the impact of an additional accounting week in 20125 and a 2.5% decrease in comparable sales (in-line with preannouncement), partially offset by the contribution from new stores. 

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Chesapeake Energy misses by $0.12, beats on revs; Q4 daily production +2% YoY; Reports Q4 (Dec) earnings of $0.27 per share, $0.12 worse than the Capital IQ Consensus Estimate of $0.39; revenues rose 28.3% year/year to $4.54 bln vs the $4.4 bln consensus. 

Early trading: market up; oil up.

Oasis down almost 4%.

KOG down about 3%. Looks like some profit taking?

Is there any good news? SRE down slightly; MDU up slightly; WMB down about 2%. Looks like things getting off to a slow start.

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