Novosti i prognoe: tržište kapitala od 25-10-2019

U.S. stock-index futures traded little-changed on Friday as disappointing Q4 revenue guidance  from Amazon (AMZN) overshadowed a clutch of strong Q3 results from several other large companies.

Global Stocks:

(company / ticker / price / change ($/%) / volume)

Uber (UBER) initiated with a Buy at Guggenheim

Intel (INTC) target raised to $53 from $50 at Cowen 

Apple (AAPL) target raised to $270 from $260 at Cascend Securities 

Intel (INTC) upgraded to Outperform from Market Perform at Northland Capital; target $69

Yandex N.V. (YNDX) reported Q3 FY 2019 earnings of RUB20.50 per share (versus RUB18.80 in Q3 FY 2018), missing analysts’ consensus estimate of RUB23.01.

The company’s quarterly revenues amounted to RUB45.014 bln (+38.2% y/y), beating analysts’ consensus estimate of RUB44.443 bln.

YNDX rose to $33.05 (+1.07%) in pre-market trading.

Verizon (VZ) reported Q3 FY 2019 earnings of $1.25 per share (versus $1.22 in Q3 FY 2018), beating analysts’ consensus estimate of $1.23.

The company’s quarterly revenues amounted to $32.894 bln (+0.9% y/y), generally in line with analysts’ consensus estimate of $32.742 bln.

VZ rose to $61.20 (+1.02%) in pre-market trading.

Visa (V) reported Q4 FY 2019 earnings of $1.47 per share (versus $1.21 in Q4 FY 2018), beating analysts’ consensus estimate of $1.43.

The company’s quarterly revenues amounted to $6.137 bln (+12.9% y/y), generally in line with analysts’ consensus estimate of $6.081 bln.

The company also issued in-line guidance for FY 2020, projecting EPS up mid-teens (versus analysts’ consensus estimate of +14.9% y/y) and net revenue up low-double digits (versus analysts’ consensus estimate of +10.9% y/y).

In addition, Visa raised its quarterly dividend by 20% to $0.30/share.

V fell to $176.00 (-0.09%) in pre-market trading.

Intel (INTC) reported Q3 FY 2019 earnings of $1.42 per share (versus $1.40 in Q3 FY 2018), beating analysts’ consensus estimate of $1.24.

The company’s quarterly revenues amounted to $19.190 bln (+0.1% y/y), beating analysts’ consensus estimate of $18.066 bln.

The company also issued upside guidance for Q4 and the full fiscal year 2019. It projected Q4 EPS of $1.24 versus analysts’ consensus estimate of $1.21 and Q4 revenue of $19.2 bln versus analysts’ consensus estimate of $18.83 bln. For FY 2019, it forecast EPS of $4.60 versus analysts’ consensus estimate of $4.38 and revenue of $71.0 bln versus analysts’ consensus estimate of $69.47 bln.

INTC rose to $54.20 (+3.77%) in pre-market trading.

Amazon (AMZN) reported Q3 FY 2019 earnings of $4.23 per share (versus $5.75 in Q3 FY 2018), missing analysts’ consensus estimate of $4.49.

The company’s quarterly revenues amounted to $69.981 bln (+23.7% y/y), beating analysts’ consensus estimate of $68.723 bln.

The company also issued downside guidance for Q4 FY 2019, projecting revenue of $80.0-86.5 bln versus analysts’ consensus estimate of $87.17 bln and operating income of $1.2-2.9 bln versus analysts’ consensus estimate of $4.18 bln.

AMZN fell to $1676.99 (-5.83%) in pre-market trading.