John Minchillo/AP Images
- Earnings season is coming to a close, and Markets Insider took a look at some of the biggest winners and losers from the most recent reporting cycle.
- Corporate earnings have been in focus over the last few weeks as investors have been presented with mounting signs of slowing global growth.
- Analysts were also looking to measure the impact of the US-China trade war on sales, corporate investment, and margins.
- Here are the 5 of the biggest winners and losers from second-quarter earnings season.
- Visit the Markets Insider homepage for more stories.
Earnings season is wrapping up as public companies finish reporting financial results for the most recent quarter.
Second-quarter results were closely watched by investors looking for signs of a slowing economy as corporate profits often take a hit when growth begins to wane.
Throughout the past several weeks, as companies have continued reporting sales and profit numbers and hosting earnings calls, economic data has shown powerhouse economies like Germany and China could be headed for a recession.
Many analysts and investors were also trying to assess the impact of the US-China trade war. Companies across industries including semiconductors, industrials, and technology referenced the trade standoff as a looming uncertainty in the macro environment.
Markets Insider put together a list of companies that posted strong single-day share gains following their earning’s releases, in addition to stocks that plummeted after weak results.
Here are five of the biggest winners and losers from the second-quarter earnings season. Each group is listed in increasing order of single-day stock move:
Winner #5: Lyft
Mario Tama/Getty Images
Ticker:LYFT
Single-day stock move: 8%
Key numbers from Lyft’s second-quarter earnings report:
- Revenue: $867 million, compared to $809 million expected by analysts
- Earnings per share: (-0.68%), compared to (-$1.74) predicted by analysts
- Guidance: $3.47 billion in revenue for 2019
Winner #4: Lowe’s
Joe Raedle/Shutterstock
Ticker:LOW
Single-day stock move: 13%
Key numbers from Lowe’s second-quarter earnings report:
- Revenue: $20.99 billion versus $20.96 billion expected by analysts
- Earnings per share: $2.15 compared to $2.013 predicted by analysts
- Net income: $1.70 billion versus $1.58 billion estimated by analysts
- Same-store sales: Increased 2.3% from the same period last year
Winner #3: Target
Associated Press
Ticker:TGT
Single-day stock move: 18%
Key numbers from Target’s second-quarter earnings:
- Revenue: $18.42 billion versus $18.25 billion expected by analysts.
- Earnings per share: $1.82 compared with $1.62 estimated by analysts.
- Profit: $1.32 billion, up 17% from the same period last year.
- Same-store sales: up 3.4% from last year.
Winner #2: Match Group
Photo illustration by Joe Raedle/Getty Images
Ticker:MTCH
Single-day stock move: 20%
Key numbers from Match Group’s second-quarter earnings:
- Revenue: $498.0 million, versus the $489.2 million estimate
- Earnings per share: $0.430, versus the $0.405 estimate
- Average Tinder subscribers: 5.2 million, up 37% year-over-year
- Average revenue per user: $0.58, up 1.8% year-over-year
Winner #1: Roku
Reuters
Ticker: ROKU
Single-day stock move: 22%
Key numbers from Roku’s second-quarter earnings:
- Revenue: $250.1 million, compared to $224.46 million expected by analysts
- Earnings per share: -$0.08, compared to -$0.21 expected by analysts
- Average revenue per user: $21.06, up $2.00 from the first quarter
- Net income: -$9.33 million, compared to -$23.6 million expected by analysts
Loser #5: Uber
Reuters
Ticker: UBER
Single-day stock move: (-12%)
Key numbers from Uber’s second-quarter earnings report:
- Revenue: $2.87 billion versus $3.05 billion expected
- Earnings per share (GAAP): $-4.72 versus $-3.23 expected
- Net loss: $5.24 billion, in-line with estimates
- Gross bookings: $15.76 billion
Loser #4: Square
Square
Ticker: SQ
Single-day stock move: (-15%)
Key numbers from Square’s second-quarter earnings report:
- Earnings: $0.210 versus the $0.163 estimate
- Revenue: $562.8 million, versus the $557.8 million estimate
- Gross payment volume: $26.8 million, versus the $26.9 million estimate
- 3Q revenue forecast: $590 million to $600 million, versus the $599.5 million estimate
Loser #3: Beyond Meat
Facebook/Beyond Meat
Ticker: BYND
Single-day stock move: (-17%)
Key numbers from Beyond Meat’s second-quarter earnings report:
- Earnings per share: loss of $0.24 per share reported versus loss of $0.08 per share (expected)
- Revenue: $67.3 million reported versus $50.7 million (expected)
Loser #2: Macy’s
Kena Betancur/Getty Images
Ticker: M
Single-day stock move: (-18%)
Key numbers from Macy’s second-quarter earnings report:
- Adjusted earnings per share: $0.28, versus the $0.45 estimate
- Revenue: $5.55 billion, versus the $5.56 billion estimate
- 2019 adjusted earnings per share guidance: $2.85 to $3.05, versus the previous expectation of $3.05 to $3.25
Loser #1: Fitbit
Reuters
Ticker: FIT
Single-day stock move: (-20%)
Key numbers from Fitbit’s second-quarter earnings report:
- Revenue: $314 million, compared to $312 million expected by analysts
- Earnings per share: (-$0.14), versus (-$0.18) predicted by analysts
- Revenue guidance: Lowered midpoint of 2019 revenue outlook to $1.455 billion from $1.55 billion
