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Fly News Breaks for February 21, 2020
Feb 21, 2020 | 08:32 EDT
RBC Capital analyst Joseph Spak lowered his price target on Visteon (VC) to $91 after its "rough print" with a Q4 earnings miss and below-consensus FY20 revenue guidance. The analyst notes that the coronavirus situation is "fluid" and the company's margin guidance was disappointing, but he keeps his Outperform rating and sees the outlook as "conservative" given the new business roll-ons and some caution around the Ford (F) F-150 launch based on the "hiccups" of prior Ford launches.
News For VC;F From the Last 2 Days
Oct 28, 2020 | 19:01 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to See Story Here
Oct 28, 2020 | 17:35 EDT
Says will deliver first mustang Mach-E to customers in America and Europe in the coming weeks. Says to unveil electric transit commercial vehicle next month. Says saw higher-than-expected demand for new vehicles in the quarter. Says experienced strongest performance from Ford Credit in 15 years. Sees Q4 adjusted EBIT down $500M to breakeven. Sees FY20 adjusted EBIT profitable. Says issue in North America is cost and growth. Says Ford's electrification bet is different. Says sees tremendous volume opportunity in first inning of electrification. Says connectivity and data is the real change in electrification. Comments taken from Q3 earnings conference call.
Oct 28, 2020 | 16:07 EDT
Reports Q3 revenue $37.5B, consensus $32.86B. "We know that there's huge value to be unlocked as we turn around our automotive operations," said Jim Farley, Ford's president and CEO. "There will be additional opportunity when we start growing again, which we will do with products and services customers can't resist."
Oct 28, 2020 | 13:56 EDT
Ford (F) is scheduled to report quarterly results after the market closes on October 28, while General Motors (GM) is scheduled to report before the market opens on November 5. What to watch... To see the rest of the story go to See Story Here
Oct 28, 2020 | 13:05 EDT
Notable companies reporting after the market close, with earnings consensus, include Visa (V), consensus $1.10... Amgen (AMGN), consensus $3.80... ServiceNow (NOW), consensus $1.03... Gilead Sciences (GILD), consensus $1.95... Cognizant Technology (CTSH), consensus 90c... eBay Inc. (EBAY), consensus 86c... O'Reilly Automotive (ORLY), consensus $6.19... Ford Motor (F), consensus 16c... Pinterest (PINS), consensus 2c... Yum China (YUMC), consensus 49c... Cerner (CERN), consensus 71c... Teladoc Health (TDOC), consensus (32c)... Etsy (ETSY), consensus 58c... Livongo Health (LVGO), consensus 5c... Western Digital (WDC), consensus 54c... United Rentals (URI), consensus $4.28... Molina Healthcare (MOH), consensus $2.16... Fastly (FSLY), consensus 0c... SunPower (SPWR), consensus (5c)... Sprouts Farmers Market (SFM), consensus 36c... Sunnova Energy (NOVA), consensus (15c)... Rent-A-Center (RCII), consensus 96c... Spirit Airlines (SAVE), consensus ($2.72).