Today’s Research Reports on Trending Tickers: Post Earnings Coverage on Philip Morris and GoPro

NEW YORK, NY / ACCESSWIRE / February 3, 2017 /
U.S. markets swung between gains and losses in trading Thursday as investors await more clarity on how President Trump’s recent actions would affect the economy. The Dow Jones Industrial Average declined 0.03 percent to close at 19,884.91, while the S&P 500 Index eked out a slight gain of 0.06 percent to close at 2,280.85. Additionally, the Federal Reserve on Wednesday announced that they would keep interest rates unchanged after the conclusion of its first monetary policy meeting, as more time to is needed to consider the current situation, although inflation climbed towards it 2 percent target.

“Now that we’re past the Fed, the next big worry for the market is the jobs report. I think investors are taking a wait-and-see approach ahead of the report,” said Adam Sarhan, CEO at 50 Park Investments. “So far, there have not been any economic disasters [since the election]; that’s why you’re seeing markets hold just below all-time highs.”

Let’s Take a
Closer Look at Today’s Trending Tickers

Philip Morris International’s shares gained 3.01 percent to close at $98.84 a share Thursday. The stock traded between $97.25 and $99.32 on volume of 6.17 million shares traded. The company reported revenues excluding excise taxes. Sales excluding excise taxes totaled $6.97 billion for the fourth quarter of 2016, an increase of 9 percent year-over-year and above Zacks consensus estimate of $6.39 billion. Philip Morris International’s earnings were $1.71 billion, or $1.10 per share, for the fourth quarter, just short of Zacks consensus estimate of $1.11. Philip Morris forecasts 2017 full-year earnings of $4.70 to $4.85 per share at current exchange rates, compared to analysts’ consensus forecasts of $4.72 per share.

Access Today’s Philip Morris Research
Report Click Here

GoPro’s shares gained 3.78 percent to close at $10.97 a share Thursday, but fell sharply in aftermarket trading. The stock traded between $10.59 and $11.10 on volume of 8.43 million shares traded. The company reported a GAAP loss of $115.7 million, or $0.82 per share, for the fourth quarter of 2016, compared to a loss of $34.45 million, or a loss of $0.25, in the same quarter a year ago. Revenues for the fourth quarter totaled $540.6 million, an increase of 23.8 percent year-over-year. Excluding special items, the company earned $0.29 a share. Analysts’ expectations had called for earnings of $0.22 per share on similar scale on revenues of $574.54 million, according to analysts surveyed by Thomson Reuters. The Company expects revenue of $190 million to $210 million with lower margin for the current quarter versus consensus estimate of $267.5 million.

Access Today’s GoPro Research Report Click
Here

Today’s Research Coverage Includes:

Philip Morris International Inc. (NYSE: PM)

GoPro Inc. (NASDAQ: GPRO)

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