After Hours

Tyler Durden's picture

Apple Plunges Despite EPS Beat On iPhone Sales Miss, Drop In China Sales, Weak Guidance And Strong Dollar Warning





The company which was carrying the fate of not only the Dow Jones and the S&P 500 on its shoulders had taken the stairs up, and just took the elevator down.

 
Tyler Durden's picture

Earnings Avalanche: CMG, GPRO, YHOO, MSFT All Lower After Hours





Unleash the talking head spin...

 
Tyler Durden's picture

IBM Revenue Collapse Is Now Worse Than During Peak Of The Financial Crisis





The reason IBM stock is currently sliding and dragging down the broader Dow Jones future with it is that with Q2 revenues of $20.8 billion, the company not only missed expectations, but was a plunge of 13.4% from a year ago: a drop that surpasses the biggest revenue drop recorded during the peak of the financial crisis! This is also 13 consecutive quarter of declining Y/Y revenues.

 
Tyler Durden's picture

The Oldest Trick In The Accounting Book: The Reason For Intel's Massive EPS Beat In One Chart





For all those wondering just how INTC did it, here's the reason for Intel's beat in one simple chart.

 
Tyler Durden's picture

Crude Slides After API Shows Another Inventory Build





Just when everyone thought it was fixed, crude inventories start building again as API reports (for the 2nd week):

*API SAID TO REPORT CRUDE SUPPLIES ROSE 1.8M BBL LAST WEEK

This follows a surprising 1.3 million barrel build last week reporrted by API. WTI slipped back to $61.00 after hours...

 
Tyler Durden's picture

"Kept Afloat With Nothing But Happy Thoughts"





The Fed stimulates absolutely nothing but the media’s descriptions of it and the various economists and their models that depend solely on them being successful in doing so. If recessions are emotional and irrational pessimism as the monetary textbooks believe, then QE and ZIRP are just right sort of “happy pills” to push emotions back to the “right” direction. Is it any wonder the economy is in danger of sinking toward catastrophic failure?

 
EconMatters's picture

Einhorn Slams Mother Frackers





Einhorn just found his next target: U.S. onshore E&Ps or the oil fracking companies.

 
Tyler Durden's picture

S&P Futures Hug 2100 After China Denies QE, European Stocks Slide





Following yesterday's early MNI rumor that a Chinese QE is being "considered" and which sent the Shanghai Composite surging 3% and led to an initial boost in US stock futures, overnight the PBOC scrambled to once again deny such speculation. Of course, going full "cold Turkey" on Chinese stimulus would be too much for the market to handle, so in a piece by the WSJ also released overnight, the author said the PBOC would pivot from outright QE to mere LTRO, which is also not new and was reported over a week ago here in "China Floats QE Trial Balloon, PBoC May Launch LTROs." In any event, for now at least, Asian stocks are not happy despite Apple's latest blockbuster results, and neither is Europe, with the Stoxx 600 down 1%, and even the E-mini is hugging 2100 unable to levitate on any imminent central bank intervention.

 
Tyler Durden's picture

IBM Reports Worst Sales Since 2002; EPS Beats On Aggressive Buybacks, Cut In Tax Rate





IBM numbers in a nutshell: Revenue dropped by 11.9% to $19.6 billion; Net Income dropped by 2.4% to $2.3 billion...

And yet... GAAP EPS rose by 2.6% to $2.36!

Here's the accounting magic behind this "beat"

 
Tim Knight from Slope of Hope's picture

Negative Interest





The past six years have transformed my disposition toward the markets from excitement to frustration to despair to disillusionment to sheer tedium.

 
Tyler Durden's picture

9 New York Doctors Arrested For Using Homeless People To Defraud Millions From Medicaid





In America’s fraudulent oligarch economy in which corruption and theft have become the preferred means to earn money, it’s no surprise doctors feel a need to participate. Mr. Rorie was recruiting homeless people, prosecutors said, ...after hours of unnecessary tests and fake diagnoses, the homeless people would be sent off with sneakers - selected from stacks of shoeboxes in the clinics’ basements... "We can use the same patients like guinea pigs for anything we want,” Mr. Vainer was recorded saying in a government wiretap." Do no harm indeed.

 
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