Netflix and Intel reported strong results this week as earnings season marches toward the major tech stocks.
In the last week, companies like Walt Disney (DIS), Allergan (AGN), Electronic Arts (EA) and KLA Tencor (KLAC) beat estimates, only to drift or fall. The tepid response comes amid fears about a renewed trade war with China, plus buyer fatigue after four months of solid gains.
Take the good news first: Apple (AAPL) is starting to move beyond its reliance on smart phones and shifting into longer-lasting businesses. Revenue from services and wearables both rose more than expected, while record buybacks helped lift per-share earnings.
The Golden Dragon Index ($HXC) has surged 9 percent in the last month and is up 28 percent so far in 2019. That’s more than twice the gains of the Nasdaq-100 and SPDR Technology Fund (XLK) over the same periods.
Highlights: Grubhub Inc. (NYSE: GRUB) reported $1.0 billion in revenue (+47.5% year-over-year) and $5.0 billion in food sales (+34% YOY) Take rate increased to 20.9%… 阅读更多 »Grubhub Earnings Break US $1 Billion in revenue with over 17 million active users
Netflix Earnings – International revenues exceed U.S. with over 139 million paid memberships worldwide
Netflix increased annual revenue 35% to $16 billion in 2018 and nearly doubled operating income to $1.6 billion with an operating profit margin of 10%.