AT&T, Qualcomm Mixed; Sands Misses; eBay Meets; United Rentals Beats
The telecom giant, which is buying Time Warner (TWX), recently said its new video streaming service, DirecTV Now, drove the addition of more than 200,000 video subscribers in the fourth quarter.
Estimates: Q4 EPS up 4.8% to 66 cents with revenue down 0.2% to $42.04 billion.
Stock: Shares fell in early trading but was up 0.1% to 41.39 in afternoon trading on the stock market today, as it forms a cup-with-handle base with a 43.13 entry.
The chipmaker is one of Cowen's picks amid telecom investments in 5G wireless technology.
Estimates: Q1 EPS to increase 22% to $1.18 as revenue grows 6% to $6.12 billion.
Stock: Qualcomm rose 2.9% intraday. Shares sank 12.7% Monday amid a suit by Apple (AAPL) and charges from the Federal Trade Commission for anti-competitive tactics. Qualcomm said it would vigorously fight the FTC charges, calling them flawed and political. Qualcomm also has said Apple's claims are "baseless," accusing the iPhone giant of "encouraging regulatory attacks" around the world.
Las Vegas Sands
The casino operator gets the bulk of its revenue from Macau, recently opening a new casino-resort.
Estimates: EPS up 6.5% to 66 cents, as revenue rises 8.8% to $3.11 billion.
Stock: Shares advanced 0.7% Wednesday afternoon. Las Vegas Sands tumbled last month on reports of new cash-withdrawal restrictions in the Chinese gambling mecca Macau.
The construction and industrial equipment rental company has been enjoying a postelection rally.
Estimates: EPS up 2% to $2.24 as revenue grows 9% to $3.12 billion.
Stock: Shares fell 0.1% intraday. The stock has been on an upswing after popping above their 50-day line on Nov. 9. President Trump has vowed more infrastructure and other stimulus to boost economic growth, which should be good for United Rentals
The online marketplace could be an "under-the-radar beneficiary" of the holiday shopping season, according to a Benchmark analyst.
Estimates: Q4 EPS, minus items, up 8% to 54 cents on 4% revenue growth to $2.4 billion.
Stock: Shares rose 0.5% intraday to 30.14 as they form a cup with handle base with 31.26 entry point.