(SMAR) shares rose in the extended session Monday after the cloud-software company's quarterly results and outlook topped Wall Street estimates. Smartsheet shares rose 4.4% after hours, following a 0.6% rise to close the regular session at $27.06. The company reported a third-quarter loss of $15.6 million, or 15 cents a share, compared with a loss of $10.4 million, or 54 cents a share, in the year-ago period. The adjusted loss was 9 cents a share. Revenue rose to $46.9 million from $29.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 13 cents a share on revenue of $39.2 million. For the fourth quarter, Smartsheet expects an adjusted loss of 15 cents to 13 cents a share on revenue of $49 million to $50 million, while analysts had forecast a loss of 16 cents a share on revenue of $44.1 million.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Tuesday, December 4, 2018
Thursday, November 29, 2018
Box Inc. (BOX)
Box Inc. (BOX) shares rose in the extended session Wednesday after the cloud-storage company topped Wall Street estimates for the quarter. Box shares rose 2.1% after hours, following a 4.5% rise to close the regular session at $18.19. The company reported a third-quarter loss of $40.2 million, or 28 cents a share, compared with $42.9 million, or 32 cents a share, in the year-ago period. The adjusted loss was 6 cents a share. Revenue rose to $155.9 million from $94.8 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 7 cents a share on revenue of $154.6 million. For the fourth quarter, Box expects adjusted earnings of 2 cents to 3 cents a share on revenue of $163.5 million to $164.5 million, while analysts had forecast 2 cents a share on revenue of $164.2 million.
Wednesday, November 28, 2018
Salesforce.com Inc. (CRM)
Salesforce.com Inc. (CRM) shares rose in the extended session Tuesday, following an initial dip, after the customer-relations management software company topped Wall Street estimates for the quarter but its fourth-quarter earnings outlook came up a little short. Salesforce shares rose 5% after hours, following an initial 3% dip. Shares rose 0.9% to close the regular session at $127.54. The company reported third-quarter net income of $105 million, or 13 cents a share, compared with $107 million, or 14 cents a share, in the year-ago period. Adjusted earnings were 61 cents a share. Revenue rose to $3.39 billion from $2.70 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 50 cents a share on revenue of $3.37 billion.
Crude Futures (/CL) 11/28
Crude Futures (/CL) are trading modestly lower this morning near $51 a barrel albeit off its 52 week trough carved out earlier this week. Weekly inventory results will be shared an hour after the market open with a 0.6 million barrel build anticipated from the official Energy Information Administration (EIA). Preliminary results from the American Petroleum Institute (API) report also signaled a strong stockpile over the past 7 days. Any rumblings ahead of next week's OPEC meeting will also garner attention.
Tuesday, November 27, 2018
economic data today 11/27
The main piece of economic data today will be the Consumer Confidence report which will be released at 9:00am CT. Equity markets have moved lower overnight, after President Trump told the WSJ that he is likely to raise the tariff level on $200 billion of Chinese imports to 25% from 10% at the beginning of 2019. He also added he may add tariffs on an additional $267 billion of Chinese goods if there is no deal with China. At the time of this writing, S&P futures (/ES) are down 0.3% near 2661 and U.S. Crude oil futures (/CL) are unchanged near $51.75 per barrel.
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