firing up my L2's
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CVTI quite the pick sbt...
LOGI earnings blurb, chart link back:
0719 GMT [Dow Jones] Logitech's (LOGN.VX) 1Q 2013 results are weaker than
Bank Vontobel expected as the company is suffering from the negative impact of
restructuring charges and disappointing growth in China, the bank says. Analyst
Michael Foeth says it is too early to get any sense of the potential success of
the company's new products, while the benefits from recent new devices for iPad
and audio are not enough to offset declines in other major categories like
gaming and video peripherals. His recommendation is hold with a CHF10 target.
Stock down 9.4% at CHF8.105. (john.revill@dowjones.com)
ZNGA chart & earnings color:
By Ben Fox Rubin
Zynga Inc. (ZNGA) swung to another second-quarter loss, despite rising
revenue, as costs surged higher.
Shares plunged 34% after hours to $3.33 after the company sharply lowered its
adjusted earnings estimates for the year, saying it is seeing a faster decline
in existing web games due to a more challenging environment on Facebook Inc.
(FB) and reduced expectations for its "Draw Something" game. As of Wednesday's
close, the company's shares were already trading at nearly half their December
initial public offering price of $10 a share.
The company now expects earnings of 4 cents to 9 cents a share, with bookings
of $1.15 billion to $1.23 billion. In April, Zynga projected a profit of 23
cents to 29 cents, with bookings of $1.43 billion to $1.5 billion.
The San Francisco-based maker of casual games such as "FarmVille" and "Words
With Friends" has built most of its success through ties to Facebook and
released its results a day before the social-networking giant issues its first
earnings report as a public company. Facebook shares were also down after
hours, trading 7% lower at $27.30.
Zynga has reported surging revenue, bringing in most of its top line from the
Facebook platform. But, since going public in December, it reported losses in
all three of its quarters as a public company largely due to compensation
costs, though its recorded seven consecutive quarters of profits before then.
As Zynga continues to seek ways to expand its offerings, it also has
separated itself more from Facebook. The company has begun offering access to
some of its games over its own website, with gamers appearing to respond
positively to the move.
This year, Zynga paid about $180 million in cash to acquire OMGPOP, maker of
the popular mobile-phone game "Draw Something." The company spent $45.5 million
on 15 different acquisitions last year, according to a filing with the U.S.
Securities and Exchange Commission.
In the latest quarter, Zynga reported a loss of $22.8 million, or 3 cents a
share, compared with a year-earlier profit of $1.4 million, which was roughly
break even on a per-share basis. Excluding stock-based compensation costs and
other items, per-share earnings dropped to 1 cent from 5 cents.
Revenue grew 19% to $332.5 million, while bookings rose 9.8% to $301.6
million.
Analysts polled by Thomson Reuters expected a profit of 5 cents a share with
$344 million of bookings.
Expenses grew 39%, as research and development costs rose 79%.
Write to Ben Fox Rubin at ben.rubin@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
July 25, 2012 16:50 ET (20:50 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
072512 20:50 -- GMT
ZNGA chart & earnings color:
By Ben Fox Rubin
Zynga Inc. (ZNGA) swung to another second-quarter loss, despite rising
revenue, as costs surged higher.
Shares plunged 34% after hours to $3.33 after the company sharply lowered its
adjusted earnings estimates for the year, saying it is seeing a faster decline
in existing web games due to a more challenging environment on Facebook Inc.
(FB) and reduced expectations for its "Draw Something" game. As of Wednesday's
close, the company's shares were already trading at nearly half their December
initial public offering price of $10 a share.
The company now expects earnings of 4 cents to 9 cents a share, with bookings
of $1.15 billion to $1.23 billion. In April, Zynga projected a profit of 23
cents to 29 cents, with bookings of $1.43 billion to $1.5 billion.
The San Francisco-based maker of casual games such as "FarmVille" and "Words
With Friends" has built most of its success through ties to Facebook and
released its results a day before the social-networking giant issues its first
earnings report as a public company. Facebook shares were also down after
hours, trading 7% lower at $27.30.
Zynga has reported surging revenue, bringing in most of its top line from the
Facebook platform. But, since going public in December, it reported losses in
all three of its quarters as a public company largely due to compensation
costs, though its recorded seven consecutive quarters of profits before then.
As Zynga continues to seek ways to expand its offerings, it also has
separated itself more from Facebook. The company has begun offering access to
some of its games over its own website, with gamers appearing to respond
positively to the move.
This year, Zynga paid about $180 million in cash to acquire OMGPOP, maker of
the popular mobile-phone game "Draw Something." The company spent $45.5 million
on 15 different acquisitions last year, according to a filing with the U.S.
Securities and Exchange Commission.
In the latest quarter, Zynga reported a loss of $22.8 million, or 3 cents a
share, compared with a year-earlier profit of $1.4 million, which was roughly
break even on a per-share basis. Excluding stock-based compensation costs and
other items, per-share earnings dropped to 1 cent from 5 cents.
Revenue grew 19% to $332.5 million, while bookings rose 9.8% to $301.6
million.
Analysts polled by Thomson Reuters expected a profit of 5 cents a share with
$344 million of bookings.
Expenses grew 39%, as research and development costs rose 79%.
Write to Ben Fox Rubin at ben.rubin@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
July 25, 2012 16:50 ET (20:50 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
072512 20:50 -- GMT
JCP, cnbc had herb saying it was due to a tweet from a well known fashionista who had good things to say after visiting with Ron Johnson
QE3...everyone is trying to read tea leaves on when/if it comes...my thoughts are that it WILL come soon, likely next month or Sep at the latest...
I believe the strategy is that it will be intended prop the market (Obama's plight mirrors the S&P)at least temporarily...and we may not know if it will succeed/fail until after the election...so the TIMING of QE3 acts as a political hedge imo....worst case the market is flat for the remaining months before election day if they kick off QE3
my political .02
nice pix bloom & mwm
AAPL by looking at your chart that 100 day moving avg. hasn't been broken in a while...interested to see if it can close above it
OT: take a pic or two and post it will ya? I'm stuck in the sweltering humidity of NC!
Round 20 of this merry go round on whether Greece gets another tranche, lol
BTU color per briefing:
Reports Q2 (Jun) earnings of $0.73 per share, excluding non-recurring items, $0.20 better than the Capital IQ Consensus Estimate of $0.53; revenues rose 0.9% year/year to $2 bln vs the $2.06 bln consensus. Second quarter sales volumes were 57.4 million tons, on par with the prior year as increases from Australia and Trading and Brokerage offset lower U.S. production. U.S. shipments were down slightly from the prior year due to market-driven production cutbacks and negotiated customer settlements. U.S. revenues rose 4 percent, driven by higher realized prices in both the Midwestern and Western regions. Australian revenues rose 3 percent on a 26 percent increase in volumes related to expanded and acquired operations, which overcame a 19 percent decline in realized coal pricing resulting from lower benchmark settlements. Australia shipments totaled 8.2 million tons, including 3.6 million tons of metallurgical coal and 2.7 million tons of seaborne thermal coal. Co issues downside guidance for Q3, sees EPS of $0.20-0.45 vs. $0.65 Capital IQ Consensus Estimate. Peabody is targeting third quarter 2012 adjusted EBITDA in the range of $350 to $450 million. Targets reflect Australian conditions that include performance at contractor-operated mines, lower average realized pricing, a longwall move, timing of export shipments and the introduction of the carbon tax. For 2012, total sales are now targeted at 230 to 250 million tons, including Australian sales of 31 to 34 million tons, 185 to 195 million tons from the United States and the remainder from Trading and Brokerage activities.
Gapper NFLX earnings amc, taking the contrarian route
Tanker IRBT earnings amc, broken chart, not sure if ppl buy robotic vacuums still?
edit: firefox crashed so I'm stuck with clunky internet explorer, not sure how to post charts using it
awesome! gratz....contest has alot of ppl in the hunt!
someone should have picked it for a gap!
$BDI I agree...what a pitiful market for shipping rates.
I wonder if shipping stocks will ever recover...such a horrid sector with no real bounce since 2009
gratz on another tiara dude!
Gapper VMW, earnings for cloudies maybe not so bad? idk
Tanker BIDU earnings, china slowdown
CKEC interesting to see how this one reacts to the shooting, what a terrible event...
wow...sounds like he won't get jail time though...since it's a civil complaint...not 100% sure though
too bad no one spited my picks...they'd be looking good now, ALGN down SNDK up ah lol
yowzers...I learned the lesson you are learning right now too many times...and I enriched option sellers one too many times so I only play options once every few months now...sorry didnt work for you
I'd say you are more than qualified hee hee
woo hoo...even terds bounce!
lol like the banker in scarface movie
AAPL I agree...I haven't played options in a while maybe I will throw a few bucks on some calls...
Tanker SNDK earnings amc, since it worked for you last time
Gapper ALGN earnings amc, proven gapper
lol at several of the last 50 or so posts guys...would be unfair to reply to just one...omg the bratty teens...i can def relate to that
hi guys! been a while since I posted here...I've played sparingly all spring/summer unfortunately due to the demands of life...but I have kept my score under 90 most of the time that I have played...and usually get a bird...matter of fact last time I played 18 I had 2
Me n the father in law played the local 9 hole pasture last week, a water moccasin decided to park behind one of the greens and watch us play...but he hates snakes so he wacked it one good on the noggin with the flagstick and killed it...
that's the extent of my golf life lately...although my golf bud will be around in 2 weeks!
Tanker STEM
Gapper EDU, maybe they will send a "defense" press release in from Beijing lol