Facebook (NASDAQ:FB) does not report its calendar Q4 ’16 quarter and financial results until February 1, 2017, but investors have been nervous about the stock since – with the post-presidential election rally in the 4th quarter of 2016 – Facebook actually fell 10% for the three months that ended 2016, even as the rest of the market rallied nicely.
A big part of that 10% decline was due to the first pass at 2017 guidance by Facebook’s management on the 3rd quarter 2016 conference call last November 2nd, 2016, where Facebook cautioned that 2017 revenue would be impacted by ad load factors and 2017 expenses might be higher too.
Also guiding cautiously for a tough Q4 ’16, Facebook said that:
Revenue growth rates would decline due to tough comps. Expense guidance would be at the low end of the 30%-35% range. Revenue and “other fees” payments would be lower in Q4 ’16.
Facebook also said that “official” 2017 guidance would be given on the February 2017 call.
But here is the thing:
stock shares: Credit Acceptance Corporation(CACC)
Advisors’ Opinion:
- [By Wayne Duggan]
Credit Acceptance Corp. (NASDAQ: CACC) shares are down more than 5.1 percent on Friday after Bloomberg reported that the Federal Trade Commission has requested information from the company regarding its use of ignition kill switches and GPS systems in debt collection.
stock shares: Discovery Communications, Inc.(DISCA)
Advisors’ Opinion:
- [By Lisa Levin]
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Analysts are expecting Discovery Communications Inc. (NASDAQ: DISCA) to have earned $0.47 per share on revenue of $1.69 billion in the latest quarter. Discovery Communications shares rose 0.17 percent to $29.08 in after-hours trading.
Analysts expect T-Mobile US Inc (NASDAQ: TMUS) to report - [By Lisa Levin]
Discovery Communications Inc. (NASDAQ: DISCA) announced plans to acquire Scripps Networks Interactive, Inc. (NYSE: SNI) for $14.6 billion.
Discovery will pay $90 per share in cash and stock to buy Scripps. The transaction is projected to close by early 2018.
stock shares: Black Box Corporation(BBOX)
Advisors’ Opinion:
- [By Monica Gerson]
Black Box Corporation (NASDAQ: BBOX) is expected to post its quarterly earnings at $0.26 per share on revenue of $218.41 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
stock shares: DepoMed Inc.(DEPO)
Advisors’ Opinion:
- [By Lisa Levin]
Shares of Depomed Inc (NASDAQ: DEPO) got a boost, shooting up 13 percent to $23.90. Depomed is preparing to put itself up for sale, following calls from activist investor Starboard Value LP to explore such a move, just a year after it fought off a hostile acquisition bid, people familiar with the matter told Reuters.
