We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Q2 Earnings Season Goes Tech & Fast Casual: AAPL, TWTR, PNRA & BWLD
Read MoreHide Full Article
Another hot and heavy session in Q2 earnings got underway following the close to regular trading this Tuesday, with Apple Inc. (AAPL - Free Report) , Twitter , Panera Bread Co. and Buffalo Wild Wings all reporting quarterly results. Overall things are looking pretty good in the late trading session; here's why:
Apple recorded an earnings beat in its fiscal Q3 numbers today: $1.42 per share versus expectations of $1.39, and revenues also topped the Zacks consensus of $41.8 billion in the quarter to post $42.4 billion. iPhone sales were better than expected (although the price per iPhone unit sold was actually a bit lower than anticipated), which looks like the main reason shares are up 5% in the after-market. Revenues from China were down, though Apple expects to see a turn-around in the second largest economy. CEO Tim Cook was pleased about how many new iPhone users switched from Android-based phones recently.
This is not one of those Apple blowout quarters of yesteryear, and there are still plenty of questions investors have for Cook and the rest of the board. Apple sits on loads of cash but has not made a significant purchase in several quarters (its just-announced Apple Music deal with the program "Carpool Karaoke" notwithstanding.
Twitter brought a mixed bag to its Q2 earnings report this afternoon, beating the Zacks consensus on the bottom line of -15 cents per share to -11 cents (accounting for stock-based compensation and other BNRI) but coming in light on revenues: $602 million compared with the $605.5 million expected. U.S. monthly active users (MAU) grew to 313 million in Q2 from 310 million in Q1, though Advertising Revenue was short of analyst expectations of $340 million by about $5 million. This has sent Twitter shares tumbling nearly 9% at this stage, which follows a 12% climb over the past month. For more on Twitter's Q2 earnings results, please click here.
Panera posted a 3-cent beat after Tuesday's close on revenues slightly above estimates, but pretty much in-line. Year over year earnings growth is roughly 10%, with yearly sales growth around 3%. This marks the company's fourth straight earnings beat, and guidance for fiscal 2016 was raised in the company's Q2 earnings report. Panera Bread Co. is up nearly 4% on the news after a weak regular trading day ahead of the report.
Buffalo Wild Wings also beat earnings expectations by a couple pennies, though on quarterly revenues slightly below expectations. Total revenues were up, but same-store sales figures were down from a year ago. Shares are up about 3% in late trading, and this follows a boost to BWLD stock after it was disclosed activist investment firm Marcato Capital had taken a bigger stake in the sports-themed restaurant chain. For more information on Buffalo Wild Wings' earnings, please click here.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Q2 Earnings Season Goes Tech & Fast Casual: AAPL, TWTR, PNRA & BWLD
Another hot and heavy session in Q2 earnings got underway following the close to regular trading this Tuesday, with Apple Inc. (AAPL - Free Report) , Twitter , Panera Bread Co. and Buffalo Wild Wings all reporting quarterly results. Overall things are looking pretty good in the late trading session; here's why:
Apple recorded an earnings beat in its fiscal Q3 numbers today: $1.42 per share versus expectations of $1.39, and revenues also topped the Zacks consensus of $41.8 billion in the quarter to post $42.4 billion. iPhone sales were better than expected (although the price per iPhone unit sold was actually a bit lower than anticipated), which looks like the main reason shares are up 5% in the after-market. Revenues from China were down, though Apple expects to see a turn-around in the second largest economy. CEO Tim Cook was pleased about how many new iPhone users switched from Android-based phones recently.
This is not one of those Apple blowout quarters of yesteryear, and there are still plenty of questions investors have for Cook and the rest of the board. Apple sits on loads of cash but has not made a significant purchase in several quarters (its just-announced Apple Music deal with the program "Carpool Karaoke" notwithstanding.
Twitter brought a mixed bag to its Q2 earnings report this afternoon, beating the Zacks consensus on the bottom line of -15 cents per share to -11 cents (accounting for stock-based compensation and other BNRI) but coming in light on revenues: $602 million compared with the $605.5 million expected. U.S. monthly active users (MAU) grew to 313 million in Q2 from 310 million in Q1, though Advertising Revenue was short of analyst expectations of $340 million by about $5 million. This has sent Twitter shares tumbling nearly 9% at this stage, which follows a 12% climb over the past month. For more on Twitter's Q2 earnings results, please click here.
Panera posted a 3-cent beat after Tuesday's close on revenues slightly above estimates, but pretty much in-line. Year over year earnings growth is roughly 10%, with yearly sales growth around 3%. This marks the company's fourth straight earnings beat, and guidance for fiscal 2016 was raised in the company's Q2 earnings report. Panera Bread Co. is up nearly 4% on the news after a weak regular trading day ahead of the report.
Buffalo Wild Wings also beat earnings expectations by a couple pennies, though on quarterly revenues slightly below expectations. Total revenues were up, but same-store sales figures were down from a year ago. Shares are up about 3% in late trading, and this follows a boost to BWLD stock after it was disclosed activist investment firm Marcato Capital had taken a bigger stake in the sports-themed restaurant chain. For more information on Buffalo Wild Wings' earnings, please click here.