Non-bank ATM operator Cardtronics (NASDAQ:CATM) slumped on Friday despite reporting fourth-quarter results that beat analyst estimates on all fronts. The culprit driving the decline may be the company’s 2017 guidance, which calls for a decline in adjusted EPS. At 2:30 p.m. EST, the stock was down about 10%.
Cardtronics reported fourth-quarter revenue of $309.8 million, up 2% year over year and about $1 million higher than the average analyst estimate. ATM operating revenues rose 1%, or 7% adjusting for movements in currency exchange rates. Cardtronics pointed to the appreciation of the U.S. dollar relative to the British pound as a major headwind.
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Non-GAAP EPS came in at $0.79, up from $0.71 during the prior-year period and $0.01 better than analysts were expecting. Cardtronics CEO Steve Rathgaber pointed to the company’s strong growth adjusted for currency during 2016, as well as some changes set for 2017:
Top 5 Bank Stocks To Invest In Right Now: Tencent Holdings Ltd (700)
- [By Belinda Cao]
Sohu.com Inc. (SOHU), which sold a stake in its search unit to Tencent Holdings Ltd. (700), advanced 11 percent for the week to $72.06. It retreated 5.9 percent Sept. 20. Tencent, Chinas biggest Internet company by market value, paid $448 million for a 36.5 percent stake in Sohus Sogou unit last week and merge its own search service with Sogou.
Top 5 Bank Stocks To Invest In Right Now: Carlsberg A/S (CABGY)
- [By Mark Fritz]
Price Target: $124.
Heineken N.V. (ADR) (OTC: HINKY): Hold.
Price Target: 82.30 euros.
Carlsberg A/S (ADR) (OTC: CABGY): Hold.
Price Target: 652 krones.
Top 5 Bank Stocks To Invest In Right Now: Canadian Solar Inc.(CSIQ)
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects General Mills, Inc. (NYSE: GIS) to report quarterly earnings at $0.71 per share on revenue of $3.84 billion before the opening bell. General Mills shares gained 0.51 percent to $60.57 in after-hours trading.
Analysts expect FedEx Corporation (NYSE: FDX) to post quarterly earnings at $2.62 per share on revenue of $15.00 billion after the closing bell. FedEx shares gained 0.12 percent to $192.51 in after-hours trading.
Before the markets open, Canadian Solar Inc. (NASDAQ: CSIQ) is projected to report its quarterly earnings at $0.32 per share on revenue of $690.27 million. Canadian Solar shares fell 0.44 percent to $13.49 in after-hours trading.
Analysts are expecting Nike Inc (NYSE: NKE) to have earned $0.53 per share on revenue of $8.47 billion in the latest quarter. Nike will release earnings after the markets close. Nike shares rose 0.14 percent to $58.76 in after-hours trading.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Lisa Levin]
Shares of Canadian Solar Inc. (NASDAQ: CSIQ) were down around 11 percent to $12.10 after the company posted downbeat quarterly earnings and issued a weak forecast.
- [By Travis Hoium]
Here are a few more notable items from the week.
First Solar (NASDAQ:FSLR) completed 18 MW of solar farms in Thailand with Prime Road Group. This is a module supply agreement from First Solar and is an example of the strategy it’s moving to in the long term. Look for more projects in which the company supplies equipment but a third party does construction and owns the project. Speaking of supply agreements, First Solar signed a 140 MW module supply agreement in Australia this week. The project will begin construction in April, so this will be a source of revenue for First Solar this year. Canadian Solar (NASDAQ:CSIQ) sold three utility-scale solar projects totaling 59.8 MW to Fengate Real Asset Investments this week for $195.3 million. This helps monetize assets on the balance sheet, reducing risk for the business in 2017.
That’s all for this week in solar. Earnings season in the industry starts next week, so we’ll be able to see how strategies and trends are playing out in what’s sure to be an exciting 2017.
- [By Elizabeth Balboa]
First Solar, Inc (NASDAQ: FSLR) was trading down 3.7 percent Monday, while JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO) was down 0.8 percent, SunPower Corporation (NASDAQ: SPWR) 4.4 percent, Canadian Solar Inc. (NASDAQ: CSIQ) 5.2 percent and JinkoSolar Holding Co., Ltd. (NYSE: JKS) 4.4 percent.
- [By Lisa Levin] Related LOV Match Group And Spark Networks: A Valentine's Day Case Study 20 Biggest Mid-Day Losers For Thursday
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Canadian Solar Inc. (NASDAQ: CSIQ) is expected to report its quarterly earnings at $0.32 per share on revenue of $690.27 million.
General Mills, Inc. (NYSE: GIS) is projected to report its quarterly earnings at $0.71 per share on revenue of $3.84 billion.
Coca-Cola European Partners Plc (NYSE: CCE) is estimated to report its quarterly earnings at $0.45 per share on revenue of $2.72 billion.
Lands' End, Inc. (NASDAQ: LE) is expected to report its quarterly earnings at $0.35 per share on revenue of $459.43 million.
Francesca's Holdings Corp (NASDAQ: FRAN) is estimated to report its quarterly earnings at $0.37 per share on revenue of $145.91 million.
Cheetah Mobile Inc (ADR) (NYSE: CMCM) is projected to report its quarterly earnings at $0.06 per share on revenue of $178.04 million.
Neogen Corporation (NASDAQ: NEOG) is estimated to report its quarterly earnings at $0.27 per share on revenue of $90.05 million.
Lennar Corporation (NYSE: LEN) is projected to post earnings for its first quarter.
Fifth Street Asset Management Inc (NASDAQ: FSAM) is expected to report its quarterly earnings at $0.14 per share on revenue of $25.12 million.
Top 5 Bank Stocks To Invest In Right Now: Cotiviti Holdings, Inc. (COTV)
- [By Scott Rubin]
Big gainers on the day included Intersil Corp (NASDAQ: ISIL), which jumped 20 percent on news of a buyout, and Medivation (NASDAQ: MDVN), which added 20 percent on a deal with Pfizer (NYSE: PFE) related to its cancer drug. Cotiviti Holdings Inc (NYSE: COTV) lost around 9 percent in the wake of a mid-day sell-off and Marathon Oil Corporation (NYSE: MRO) fell 7 percent in the wake of a management shakeup.
Top 5 Bank Stocks To Invest In Right Now: Stamps.com Inc.(STMP)
- [By Lee Jackson]
These companies also reported insider selling last week: Aetna Inc. (NYSE: AET), Cullen/Frost Bankers Inc. (NYSE: CFR), Rockwell Automation Inc. (NYSE: ROK), Stamps.com (NASDAQ: STMP) and Western Alliance Bancorporation (NYSE: WAL).
- [By Joe Tenebruso]
Stamps.com (NASDAQ:STMP) reported sharply higher sales and earnings in the fourth quarter, as the shipping solutions company has become the platform of choice for a steadily growing number of online businesses.
- [By Ethan Ryder]
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