Tag Archives: bad-request

SolarWinds Stock Dives On Revenue Miss, Weak Guidance Weak

SolarWinds (SWI) reported Q2 revenue that missed views and issued current quarter EPS and revenue guidance that fell short of expectations, sending the IT software maker’s stock down. SolarWinds stock tumbled 10.7% to 42 in late trading in the stock market today. That would be the lowest since last October. SolarWinds had closed up 1% to 47.05. Austin, Tex.-based SolarWinds sells software that helps IT departments manage their communications

Higher iPhone prices could bring Apple earnings surprise

Apple (AAPL) could spring an earnings surprise on investors next week if it sold more higher-end iPhones than Wall Street expected in the June quarter. That’s what UBS analyst Steven Milunovich thinks will happen. Milunovich is above Wall Street’s consensus view on sales and earnings per share for Apple’s fiscal third quarter. He expects Apple to earn $2 a share on sales of $52.5 billion, while Wall Street is looking for $1.79 EPS on sales of $49.1 billion. The primary difference is iPhone’s average selling prices. UBS says the iPhone ASP will be $660 vs. Wall Street’s consensus of $636. Milunovich’s thesis is supported by a CIRP survey of U.S. iPhone buyers in June. That survey found an increasing percentage of iPhone buyers choosing the more expensive iPhone 6 Plus and iPhones with greater flash storage. The CIRP survey found that the percentage of iPhone buyers getting the jumbo iPhone…

Fitbit, Apple Putting The Hurt On Garmin Wearables

Garmin (GRMN) stock took a tumble Thursday after the GPS device maker preannounced weaker-than-expected Q2 earnings, driven by challenges in its fitness device business and foreign exchange pressure. Garmin stock was down 7.5% in afternoon trading on the stock market today, near 43. Late Wednesday, Garmin said it expects to report Q2 revenue of $770 million to $775 million and earnings per share of 70 to 72 cents. The sales target is in line with