Netflix sees Q1 paid streaming net change +8.9 million
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Netflix falls after slight Q4 revenue miss and solid subscriber growth numbersNETFLIX EARNINGS: •Q4 revenue: $4.19B, vs $4.21B est. •Q4 EPS (GAAP): $0.30, vs $0.24 est. •Q4 total paid subscriber growth: 8.8M, vs 7.6M est. •Q1 total paid subscriber growth guidance: 8.9M, vs 8.5M est.
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Lululemon raises Q4 guidanceLululemon Athletica Inc. on Monday raised its revenue and earnings guidance for the fourth quarter. The athletic-wear retailer said it expects fourth-quarter revenue to be between $1.14 billion and $1.15 billion, up from its old guidance of between almost $1.12 billion and nearly $1.13 billion. The new revenue guidance is based on comparable sales on a constant-dollar basis increasing in the mid to high teens, whereas the company's old guidance was based on comparable sales on a constant-dollar basis increasing in the high single to low double digits, the company said.
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UPDATE: Tailored Brands lowers Q4 guidance as Jos. A. Bank sales fall short, shares slideTailored Brands Inc.'s shares slid 11% premarket Monday, after the company lowered its fourth-quarter guidance, saying same-store sales at its Jos. A. Bank mens clothing chain came in below expectations. The company, which also operates Men's Wearhouse, K&G and Moores, said it now expects Jos. A. Bank same-store sales to be flat, versus prior guidance of up in the low single digits. Same-store sales for November and December fell 1.4%, as sales at Jos. A. Bank fell 0.1% and sales at Men's Wearhouse fell 3.6%. The company expects its overall adjusted per-share loss to range from 29 cents to 34 cents, versus prior guidance of a loss of 24 cents to 29 cents. Full-year fiscal 2018 adj. EPS is expected to range from $2.25 to $2.30 compared with prior guidance of $2.30 to $2.35. Shares have fallen 33.9% in the last 12 months, while the S&P 500 has fallen 6.8%.
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Tesla warns on Q4 profit, cuts jobs to pull down Model 3 priceElectric-car maker Tesla Inc. will cut “approximately” 7% of its full-time workforce and warned that Q4 profit won’t meet the performance of Q3, CEO Elon Musk said in an update Friday.
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Snap CFO resigning, company says it will come in near top end of guidance for Q4
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In this bull market, Information Technology stocks have performed best during Q4 earnings seasonsFinancials has been the worst-performing of the major market sectors, and Information Technology ultimately ends up as the Q4 season winner.
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