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Scout Daily Update: Allergan PLC (AGN) Misses EPS By A Wide Margin

STOCK NEWS

GameStop Corp. (NYSE:GME): released Q3 numbers early. It expects to report Q3 revenues of $2.0 billion which is lower than the consensus which was projecting $2.08 billion. Comparable store sales are expected to be -7% to -6%.

Q3 EPS of $0.45 to $0.49 is expected to be which is lower than the consensus which was projecting $0.56 in EPS. GameStop Corp. (NYSE:GME)’s new full year guidance for EPS is $3.85 to $3.80. Comparable sales are expected to be -9.5% to -6.5% for the year.

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Estee Lauder Companies Inc (NYSE:EL): reported Q1 EPS of $0.84 which beat estimates by $0.04. Revenues of $2.87 billion were up 1.4% year over year which missed estimates by $30 million. The following is the revenue of each segment: Skin Care was down 1% at $1.1 billion, Makeup was up 1% at $1.17 billion, Fragrance was up 10% at $442 million, Hair Care was up 1% at $136 million, Other was up 24% at $21 million.

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Alibaba Group Holding Ltd (NYSE:BABA): reported Q2 EPS of $0.79 which beat estimates by $0.10. Revenues of $5.14 billion were up 47.3% year over year which beat estimates by $110 million. The following are the revenues for each business segment: Core commerce was $4.273 billion which was up 41%, Cloud computing was $224 million which was up 130%, Digital media and entertainment was $541 million which was up 302%, Innovation and initiatives and others was $104 million which was up 78%.

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Allergan plc (NYSE:AGN): reported Q3 EPS of $3.32 which missed estimates by $0.26. Revenues of $3.26 billion were up 4.3% which missed estimates by $70 million. The board authorized a $10 billion buyback. The CEO did not anticipate sales declines from products facing generic competition, including Namenda. He takes personal responsibility for missing EPS expectations by such a wide margin.

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ECONOMIC NEWS

The jobs growth in the ADP report missed expectations by 18,000 coming in at +147,000. The New York ISM contracted for the 3rd straight month which is the worst streak in 7 years. Donald Trump gained in the polls. In a no toss-ups map of the latest polls he is at 265 Electoral College votes, so if he shifts one more state he will win the election.

Note: This article was originally published by Scout Finance. Scout Finance’s iPhone and iPad application provides the easiest way to monitor stock prices, read documents, create charts, access financial data, receive breaking alerts, and more for the companies you care about most. Download and try for free today: http://link.scoutfin.com/insidermonkey
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