Earnings peak | Morning News

OCTOBER 21, 2015

US futures point to a higher opening as earnings seasons hits its peak and global markets trade mostly in the positive. China gave back early gains to close down 3.05%. Overnight, crude fell as investors await EIA Petroleum Inventories this morning at 10:30AM EST, and a meeting between OPEC members and non-member oil producing countries later today.

NEWS:

KERX: Baupost Group files 34.6% stake in Keryx
WDC: SNDK: Western Digital to buy Sandisk for $19B
MNST: McDonalds confirms testing Monster drinks in 20 locations
FB: Irish court orders investigation of Facebook data transfers to U.S, reports reuters
FB:Facebook Focuses on Emerging Markets for New Products. reports the wsj
GS: Reliance Capital to buy Goldman’s Indian fund unit for $37.5M, reports reuters
GOOG: GOOGL:Google Launches Shopping Insights To Help Stores Figure Out Potential Bestsellers, reports techcrunch
IMAX:Early ticket sales for December’s Star Wars: The Force Awakens has broken IMAX records
MDT:Medtronic Receives CE Mark for New Single-Chamber ICDs That Can Detect Atrial Fibrillation, reports nasdaq
SNTA: announces the termination the Phase 3 GALAXY-2 trial of ganetespib and docetaxel, for ineffectiveness in treating some lung cancers
LRCX: KLAC:Lam Research to acquire KLA-Tencor in a $10.6B deal ($67.02/share)

ON THE ECONOMIC CALENDAR:

7AM: MBA Mortgage Applications
10:30AM: EIA Petroleum Inventories

NOTABLE EARNINGS REPORTED YESTERDAY AFTER THE CLOSE:

ILMN: Q3 EPS of $0.80 beats by $0.01: revenue of $550.3M misses by $5.77M: revenue +14.6% y/y: guides below consensus
ISRG:Q3 EPS of $5.24 beats by $1.01: revenue of $590M beats by $9.63M: revenue +10.5% y/y
VMW:Q3 EPS of $1.02 beats by $0.02: revenue of $1.67B beats by $10M: revenue +9.9% y/y: raises guidance FY15 EPS view to $4.04-$4.08 from $3.97-$4.03
IRBT:Q3 EPS of $0.42 beats by $0.19: revenue of $143.6M misses by $1.7M: revenue +0.1% y/y: soft guidance
PKG: Q3 EPS of $1.26 misses by $0.02: revenue of $1.47B misses by $30M: revenue -3.3% y/y: guides Q4 EPS $1.03 vs. consensus $1.17
CREE: FQ1 EPS of $0.21 beats by $0.01: revenue of $425.5M beats by $6.83M: revenue -0.5% y/y: guides in-line
CB: Q3 EPS of $2.60 beats by $0.60: revenue of $3.17B misses by $20M
YHOO: Q3 EPS of $0.15 misses by $0.02: revenue of $1B misses by $260M: revenue -8.3% y/y: guides below consensus
WERN:Q3 EPS of $0.44 beats by $0.01: revenue of $534.5M misses by $14.81M: revenue -3.2% y/y
IBKR:Q3 EPS of $0.35 beats by $0.03: revenue of $359M misses by $8.12M: revenue +109.9% y/y

NOTABLE EARNINGS REPORTED TODAY BEFORE THE OPENING:

STJ:Q3 EPS of $0.97 in-line: revenue of $1.34B misses by $10M: revenue-2.2% y/y
BA:Q3 EPS of $2.52 beats by $0.30: revenue of $25.85B beats by $1.1B: revenue +8.7% y/y: raises guidance
GM:Q3 EPS of $1.50 beats by $0.31: revenue of $38.8B beats by $250M: revenue -1.2% y/y
ABT:Q3 EPS of $0.54 beats by $0.01: revenue of $5.15B beats by $10M: revenue +1.0% y/y
SNDK: Q3 EPS of $1.09 beats by $0.29: revenue of $1.45B beats by $50M: revenue -17.1% y/y
KO:Q3 EPS of $0.51 beats by $0.01: revenue of $11.43B misses by $110M: revenue -4.6% y/y: teams up with 3 bottlers to expand local distribution
NLSN:Q3 EPS of $0.69 in-line: revenue of $1.53B misses by $10M: revenue -2.5% y/y
TUP:Q3 EPS of $0.79 beats by $0.08: revenue of $521M beats by $5.29M: revenue -11.5% y/y: weak guidance
TMO:Q3 EPS of $1.80 beats by $0.01: revenue of $4.12B beats by $20M: revenue -1.2% y/y: raises guidance
PII:Q3 EPS of $2.30 beats by $0.02: revenue of $1.46B beats by $30M: revenue +12.3% y/y
OC:Q3 EPS of $0.96 beats by $0.28: revenue of $1.46B beats by $40M: revenue +5.8% y/y
BIIB:Q3 EPS of $4.48 beats by $0.68: revenue of $2.78B beats by $130M: revenue +10.8% y/y: announces 11% cut in workforce: raises guidance
ABB:Q3 EPS of $0.26 misses by $0.02: revenue of $8.52B misses by $400M: revenue -13.2% y/y
BKU:Q3 EPS of $0.50 beats by $0.01: revenue of $220.12M beats by $8.7M: revenue +17.3% y/y
AOS:Q3 EPS of $0.82 beats by $0.03: revenue of $625.1M misses by $24.87M: revenue +7.5% y/y: raises guidance FY15 EPS to $3.08-$3.12 from $3.04-$3.09 vs. consensus $3.07
LRCX:FQ1 EPS of $1.82 beats by $0.11: revenue of $1.6B in-line: revenue +39.1% y/y
KMB:Q3 EPS of $1.51 beats by $0.02: revenue of $4.72B beats by $40M:revenue -6.7% y/y
SLGN: Q3 EPS of $1.26 misses by $0.14: revenue of $1.2B in-line: revenue -2.4% y/y: cuts guidance FY15 adjusted EPS to $2.88-$2.98 from $3.10-$3.30
ARMH:Q3 EPS of $0.35 misses by $0.01: revenue of $375.5M beats by $2.68M: revenue +17.3% y/y

SOME NOTABLE EARNINGS TO BE REPORTED TODAY AFTER THE CLOSE:

AMP, AWH, AXP, BDN, CA, CCI, CLB, CTXS, CYS, DLB, DTLK, EBAY, EEFT, EFX, ELY, FTK, GGG, HNI, IBKC, KALU, KMI, KNX, LOGI, LVS, MLNX, MSA, NOW, PFPT, PLCM, RHI, RJF, SLG, SLM, SNDK, SON, SXT, TSCO, TXN, TYL, UIS, URI, VMI

ANALYSTS’ RATINGS CHANGES:

UPGRADES: