After Hours

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Valeant Crashes To 3-Year Lows After-Hours On News May Restate Earnings





It's been an ugly few days for Valeant. Following Wells Fargo downgrade and Jim Chanos warnings over PBMs broadly based on Deutsche Bank's analysis, Dow Jones reports after-hours that Valeant is set to restate earnings after an internal review. The stock is down 10% after-hours, down 18% on the day and back at levels not seen since early 2013...

 
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Tesla Releases Steaming Pile Of Epic "Non-GAAP" Gobbledygook; Stops Reporting Free Cash Flow; Stock Soars





Perhaps the only company's results we have more fun spreading that Netflix, is Tesla's for the simple reason that the company has managed to convert GAAP reality into a singularity of such non-GAAP bullshit, which is no longer merely laughable but is solidly inside the ridiculous, if not criminal (of course, nobody cares as long as the stock keeps rising but the second it plunges, watch those lawsuits soar), that none other company can even come close.

 
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Here Is The Reason Why Twitter Is Crashing After Hours





What do you call a "growth" stock that has stopped growing?

 
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Google Soars After Hours, Surpasses Apple As World's Most Valuable Stock, After Big Q4 Beat





If there were any concerns that retailers and other vendors of goods and services are hunkering down on their ad spending, those fears can be safely swept under the rug because just days after Facebook's dramatic beat, moments ago GOOG likewise slammed expectations by beating massively both on the top and bottom line.

 
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US, China Stocks Tumble After Industrial Profits Plunge





Dow futures are down 100 points and Chinese stocks are pressing new 14-month lows, extending last night's carnage after Chinese Industrial Profits tumbled. With a dismal 4.7% drop year-over-year, led by a near 60% collapse in the mining industry, early strength (after some jawboning from Abe) gave way to fresh lows and US equity futures are also responding. Offshore Yuan refuses to drop since Xinhua wrote a 3rd hit piece against George Soros and his "speculative snap profits."

 
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AAPL Earnings Beat Despite Missing Sales, iPhone Expectations; US Revenues Decline





Expectations were hardly sky high for AAPL heading into a quarter in which most of its suppliers had already announced iPhone sales would be disappointing, and moments ago AAPL validated many of these concerns when while beating on the bottom line, with an EPS of $3.28 compared to expectations of a $3.22 print, it missed not only on the top line, with revenue coming shy of the $76.5 billion expected at $75.9 billion, but across every single product line, most notably iPhones, of which AAPL sold 74.78 million in the quarter, below the 75 million expected.

 
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The Cost Of Keeping The Netflix "Story" Intact: A Record $276 Million In Q4 Cash Burn





Considering the stock is up about 10% in the after hours, the Netflix story remains intact.  What was the cost of keeping the last FANG momentum "story" alive? A record $276 million in cash burn in the quarter.

 
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Cramer Does It Again: Camera-On-A-Stick Crashes 30% After Slashing Guidance, Cuts 7% Of Jobs





Who could have seen this coming? Week after the CEO ordered his mega-yacht and 6 months after Jim Cramer said "it was going higher," GoPro has just slashed Q4 revenue guidance by 15% (from $510.9mm to $435mm) and has addtionally decided to layoff 7% of the workforce. For now, GPRO is halted... but Ambarella is not (and is collapsing 6% after hours) leaving them down 65-80% since Cramer said "buy buy buy."

 
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The Largest US Pipeline Operator Is Plunging After It Just Cut Its Dividend By 74%





Everything is not awesome. We have three small words for all those MLP-holders: "Paid to wait."

 
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"Devastated" Trader Crushed By Soaring Biotech, Starts Online Begging Campaign To Fund $106,000 Margin Call





"I hesitated on doing this but I literally owe Etrade $106,445.56 as of this moment what would you do if you were in my situation?"

 
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Nordstrom Plummets After Abysmal Results, Slashing Guidance





If there were any questions if the US consumer was merely "strong" or "quite strong", after the abysmal results from Macy's first, and moments ago, Nordstrom, they should all be safely swept away now.

 
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FaceBook Hits All Time High After Beating Across The Board; Over 1BN Daily Users: The Quarter In Charts





Today's most anticipated earnings report was Facebook, and moments ago the social network reported Q3 results which confirmed that while the American middle class is increasingly unable to find work, it has a lot of free time to spend on their Facebook account. Here is how it did.

 
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