Cree Cuts Q4 Guidance; Shares Down – Quick Facts

Cree, Inc. (CREE) reduced its guidance for the fourth quarter of fiscal 2019 due to the impact from Huawei matter, and also due to the softer than projected demand for the company’s LED products. In May, the Bureau of Industry and Security of the U.S. Department of Commerce added Huawei Technologies Co. to a Entity List.
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Motorola Solutions Raises Earnings Guidance – Quick Facts

Motorola Solutions, Inc. (MSI) announced, for 2019, the company now expects non-GAAP earnings per share in the range of $ 7.60 to $ 7.72, up from the prior guidance of $ 7.55 to $ 7.70. The company continues to expect revenue growth of approximately 6 to 7% for fiscal 2019. Analysts polled by Thomson Reuters expect the company to report profit per share of $ 7.66. Analysts’ estimates typically exclude special items.
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Starbucks Raises 2019 Earnings Guidance; Q2 Profit Beats Estimates

Starbucks Corp. (SBUX) announced, with solid first-half financial results, the company is on track to deliver on its full-year commitments. For fiscal 2019, non-GAAP EPS is projected in the range of $ 2.75 to $ 2.79, revised from a range of $ 2.68 to $ 2.73 previously. Analysts polled by Thomson Reuters expect the company to report profit per share of $ 2.71 for the fiscal year. Analysts’ estimates typically exclude special items. The company continues to expect global comparable store sales growth between 3% and 4%.
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Nintendo shares fall as much as 5% after conservative earnings guidance

Nintendo Co Ltd’s shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console in China.


Reuters: Business News

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Shaw Communications Says Remains On Track To Meet Its FY19 Guidance

Shaw Communications Inc. (SJR_B.TO, SJR, SJR_A.TO) confirmed Tuesday that it remains on track to meet its fiscal 2019 guidance, which includes consolidated operating income before restructuring costs and amortization growing 4 to 6 percent over fiscal 2018. The expected growth rate is based on adjusted fiscal 2018 results that include the impact of IFRS 15.
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Signet Jewelers Issues FY20 Guidance; Maintains Quarterly Dividend – Quick Facts

Signet Jewelers Limited (SIG), a retailer of diamond jewelry, announced, for fiscal 2020, the company expects: non-GAAP EPS of $ 2.87 – $ 3.45; total sales of $ 6.0 billion – $ 6.1 billion; and same store sales to be in the range of a decline of 2.5% to flat. Analysts polled by Thomson Reuters expect the company to report profit per share of $ 3.12 on revenue of $ 6.1 billion. Analysts’ estimates typically exclude special items.
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Hilton Worldwide Q4 Profit Tops View; Provides Rosy Guidance – Quick Facts

Hilton Worldwide Holdings Inc. (HLT) reported Wednesday net income for the fourth quarter was $ 224 million or $ 0.75 per share, sharply lower than $ 729 million or $ 2.27 per share in the prior-year quarter. Adjusted for special items, earnings were $ 0.79 per share, compared to $ 0.53 per share last year.
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AT&T Q4 Profit Matches Estimates, Revenue Up 15.2%; Reaffirms FY19 Guidance

AT&T Inc. (T) reported fourth-quarter net income attributable to company of $ 4.9 billion, or $ 0.66 per share, compared to $ 19.0 billion, or $ 3.08 per share, in the year-ago quarter which reflected the impact of the December 2017 federal Tax Cuts and Jobs Act. Adjusting for items, earnings per share was $ 0.86 compared to an adjusted $ 0.78 in the year-ago quarter, a 10% increase. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $ 0.86 for the quarter. Analysts’ estimates typically exclude special items.
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Deutsche Börse 2018 Adj. Net Profit To Significantly Exceed Guidance

The Executive Board of Deutsche Börse AG (DBOEY.PK, DBOEF.PK) announced, after consolidating the preliminary results for the financial year 2018 for the first time, that the guidance for the growth of the adjusted net profit for 2018 will be exceeded significantly. The Executive Board reported that currently it is expecting growth of the adjusted net profit of around 17 percent. This is against a guidance of more than 10 percent.
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Stocks Fall Sharply After Apple Lowers Revenue Guidance – U.S. Commentary

After recovering from an initial move to the downside in the previous session, stocks remained firmly negative following an early sell-off on Thursday. With the sharp pullback on the day, the major averages more than offset yesterday’s modest gains.
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Associated British Foods Affirms Outlook; 8-week Trading In Line With Guidance

Speaking at the Annual General Meeting of Associated British Foods plc (ASBFY.PK, ABF.L), the Chairman Michael McLintock said the Group still expects adjusted earnings per share for the financial year to be in line with the 2018 financial year. He reiterated the Group outlook statement for the current financial year that was included in the annual report.
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Enbridge Expects 2018 DCF/shr In Upper Half Of Guidance; Raises 2019 Dividend

Enbridge Inc. (ENB.TO, ENB) announced the company continues to expect 2018 DCF per share in the upper half of its guidance range of $ 4.15 to $ 4.45 per share. The 2019 and 2020 mid-point of the projected range of DCF is unchanged from last year at $ 4.45 per share and $ 5.00 per share, respectively. Beyond 2020, Enbridge is targeting to achieve annual DCF per share growth in the range of 5%-7%.
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Kohl’s Corp. Q3 Profit Tops Estimates, Comps. Up 2.5%; Raises Guidance

Kohl’s Corp. (KSS) reported third-quarter earnings per share, excluding loss on extinguishment of debt, of $ 0.98, an increase of 40% year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $ 0.96 for the quarter. Analysts’ estimates typically exclude special items. Reported net income was $ 161 million compared to $ 117 million, previous year. Gross margin was 37.0%, up 25 bps from prior year.
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Hospital behemoth HCA sees shares jump after strong earnings and forward guidance

The Nashville-based hospital behemoth raised its earnings and revenue guidance for the year. 
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GE Names Lawrence Culp, Jr. CEO; Company To Fall Short Of 2018 Earnings Guidance

GE (GE) announced that Lawrence Culp, Jr. has been named Chairman and Chief Executive Officer of the company, effective immediately. The GE Board has appointed Thomas Horton as Lead Director. Culp and Horton have been members of the Board since April 2018. Culp will succeed John Flannery as Chairman and CEO.
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