NEW YORK, November 10, 2017 /PRNewswire/ --
The U.S. stocks are up more than 20 percent since the U.S.
election in 2016. The major three major indexes continue to set
record highs in 2017. According to Reuters, The Dow Jones
Industrial Average has closed at record highs for more than 70
times since November 8, 2016. While
S&P 500 has closed at all-time highs for 52 days. Ryan Detrick, Senior Market Strategist at LPL
Financial, in a post: "Although no one at the time would have
believed it, the 12 months since Election
Day have been among the least volatile ever for equity
markets. Not to mention the solid 21% gain the S&P 500 Index
racked up along the way that has the bulls smiling." Priceline
Group Inc (NASDAQ: PCLN), Tripadvisor Inc (NASDAQ: TRIP), Weight
Watchers International, Inc. (NYSE: WTW), Walt Disney Co (NYSE:
DIS), NVIDIA Corporation (NASDAQ: NVDA).
The strong performance in the U.S. stock market are boosted by
better-than-expected corporate earnings, improving economic data as
well as investors' optimism in the tax reform plan. According to
FactSet, 73 percent of S&P 500 companies reported
better-than-expected earnings in the second quarter. Technology is
one of the best-performing sectors this year. The tech-heavy Nasdaq
Composite Index is up nearly 25 percent year-to-date, outperforming
18.44 percent increase in Dow and 15.12 percent gain in S&P
500.
Priceline Group Inc (NASDAQ: PCLN) reported Monday its
3rd quarter 2017 financial results. Third quarter the company's
gross profit for the 3rd quarter was $4.4
billion, a 22% increase from the prior year (approximately
19% on a constant-currency basis). International operations
contributed gross profit in the 3rd quarter of $4.0 billion, a 23% increase versus a year ago
(approximately 20% on a constant-currency basis). Net income in the
3rd quarter was $1.7 billion, a 240%
increase versus the prior year, which included a $941 million goodwill impairment charge. Net
income was $34.43 per diluted share,
a 240% increase as compared to the prior year.
Tripadvisor Inc (NASDAQ: TRIP) announced earlier this
week its financial results for the third quarter ended September 30, 2017. Total Revenue was
$439 million, an increase of
$18 million, or 4% year-over-year.
Non-Hotel Revenue grew 26% year-over-year, led by growth in
Attractions and Restaurants, and Non-Hotel Adjusted EBITDA was
$44 million for a 35% Adjusted EBITDA
margin. Average monthly unique hotel shoppers reached 163 million,
up 7% year-over-year. "We are making progress on our 2017
initiatives," said Chief Executive Officer Steve Kaufer. "In Hotels, we are pursuing
profitable long-term revenue growth through an improved shopper
experience and a marketing shift to brand-building channels. In
Non-Hotels, we are investing to increase our lead, particularly in
Attractions, as we broaden our marketplace and further deepen
traveler engagement in more moments on their trip."
Weight Watchers International, Inc. (NYSE: WTW) announced
its results for the third quarter of fiscal 2017 and raised its
full year fiscal 2017 earnings guidance. Revenues in Q3 2017 of
$324 million, up 15%, or 14% on a
constant currency basis, year-over-year. FY 2017 EPS guidance
raised to a range of $1.77 to $1.83
versus prior guidance of $1.57 to
$1.67. Total Paid Weeks in Q3 2017 up 20% year-over-year
"Weight Watchers delivered strong performance across all major
geographies in the third quarter, which resulted in high-quality
earnings results," said Mindy
Grossman, the Company's President and CEO. "We are excited
about the upcoming winter season and the launch of our new program,
which has received highly positive and enthusiastic feedback in
consumer trials. We have a tremendous opportunity to continue to
evolve Weight Watchers into a global, healthy living brand."
Walt Disney Co (NYSE: DIS) reported earnings for its
fourth quarter and fiscal year ended September 30, 2017.
Diluted earnings per share (EPS) for the fourth quarter increased
3% from $1.10 in the prior-year
quarter to $1.13 in the current
quarter. "No other entertainment company is better equipped to
navigate the ever-evolving media landscape, thanks to our
unparalleled collection of brands and franchises and our ability to
leverage IP across our entire company," said Robert A. Iger,
Chairman and Chief Executive Officer, The Walt Disney Company. "We
look forward to launching our first direct-to-consumer streaming
service in the new year, and we will continue to invest for the
future and take the smart risks required to deliver shareholder
value."
NVIDIA Corporation (NASDAQ: NVDA) reported yesterday
record revenue for the third quarter ended October 29, 2017, of $2.64
billion, up 32 percent from $2.00
billion a year earlier, and up 18 percent from $2.23 billion in the previous quarter, with
growth across all its platforms. "We had a great quarter across all
of our growth drivers," said Jensen Huang, founder and chief
executive officer of NVIDIA. "Industries across the world are
accelerating their adoption of AI. GAAP earnings per diluted share
for the quarter were a record $1.33,
up 60 percent from $0.83 a year ago
and up 45 percent from $0.92 in the
previous quarter. Non-GAAP earnings per diluted share were
$1.33, also a record, up 41 percent
from $0.94 a year earlier and up 32
percent from $1.01 in the previous
quarter.
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