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

Tyler Durden's picture




 

Unleash the talking head spin...

 

Yahoo misses and cuts guidance...

  • *YAHOO 2Q ADJ. EPS 16C, EST. 19C
  • *YAHOO SEES 3Q ADJ. EBITDA $200M-$240M, EST. $279.7M
  • *YAHOO SEES 3Q REV EX-TAC $1B-$1.04B, EST. $1.07B

Micorosft beat bottom, missed top line...

  • *MICROSOFT 4Q ADJ. EPS 62C, EST. 58C
  • *MICROSOFT 4Q UNEARNED REV. $25.32B, EST. $25.96B

Chipotle beat bottom line but missed comps and revenues...

  • *CHIPOTLE 2Q COMP SALES UP 4.3%, EST. UP 5.8%
  • *CHIPOTLE 2Q EPS $4.45 , EST. $4.43
  • *CHIPOTLE 2Q REV. $1.2B, EST. $1.22B

GoPro beats but fails to raise guidance, reiterating prior margins

  • *GOPRO 2Q REV. $419.9M, EST. $395.2M
  • *GOPRO 2Q ADJ. EPS 35C, EST. 26C
  • *GOPRO REPEATS L-T GROSS MARGIN, OPER MARGIN TARGETS IN SLIDES

And the result...

 

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Tue, 07/21/2015 - 16:27 | 6338566 USisCorrupt
USisCorrupt's picture

Wake me when they reach $0.00

Tue, 07/21/2015 - 16:44 | 6338629 johngaltfla
johngaltfla's picture

iShit happens.

Tue, 07/21/2015 - 16:56 | 6338686 Headbanger
Headbanger's picture

Oh the humanity!!

Tue, 07/21/2015 - 17:43 | 6338861 Creepy A. Cracker
Creepy A. Cracker's picture

SOOOOoooooooooo bullish.

Fewer jobs, more free time to spend at home with the family, EBT applications online now.  Such GOOD news!!!!...

Tue, 07/21/2015 - 16:27 | 6338569 Rainman
Rainman's picture

In other news, Toshiba gets busted for the biggest accounting scam in almost modern history .....so far

Tue, 07/21/2015 - 17:07 | 6338741 BandGap
BandGap's picture

The real question is who did the accounting and reporting of the results.

Tue, 07/21/2015 - 16:28 | 6338570 Atlas_shrugging
Atlas_shrugging's picture

wha?  43x earnings for beans and rice is rich?

Tue, 07/21/2015 - 16:45 | 6338627 Brooks_Orpington
Brooks_Orpington's picture

Give me a sister, I can't resister her.  Red beans and rice didn't miss her.

 

[edit] I don't spell too well either.

Tue, 07/21/2015 - 16:47 | 6338640 J Jason Djfmam
J Jason Djfmam's picture

Oh no! She has a blister.

At least I can still fist her.

 

 

 

Sorry.

Tue, 07/21/2015 - 16:48 | 6338644 Brooks_Orpington
Brooks_Orpington's picture

That escalated quickly!

Wed, 07/22/2015 - 01:08 | 6340353 GotGalt
GotGalt's picture

+1

genius

Tue, 07/21/2015 - 16:49 | 6338654 Mae Kadoodie
Mae Kadoodie's picture

Sales of the iBurrito must have been hard to stomach.

Tue, 07/21/2015 - 17:33 | 6338833 disabledvet
disabledvet's picture

Shake Shack up big on no news today.

I'm sure the SEC will be all over that one shortly!!

Cuz "blow the fucking bubble only BIGGER" is how this game is played.

Tue, 07/21/2015 - 19:10 | 6339258 silverer
silverer's picture

They heard that somebody was hungry.

Tue, 07/21/2015 - 16:31 | 6338579 John Law Lives
John Law Lives's picture

Since when do earnings mean J-A-C-K...S-H-I-T-E in this day and age.  And, if the earnigns are bad, why not just double seasonally adjust them until they look better.

FUBAR.

Tue, 07/21/2015 - 16:36 | 6338597 adr
adr's picture

Uh, they already did.

When mark to unicorn, pre-booked sales, tax rate deductions, cap-ex writeoffs, etc can't make your numbers look good, reality looks like Hillary's face without makeup.

Even with nineteen layers of spackle you know the bitch is ugly, but at least you can still look in her direction. Take off the makeup and one look will cause your face to melt. That is earnings without accounting fudges that make what Toshiba did look like kindergarten.

Tue, 07/21/2015 - 16:38 | 6338605 J Jason Djfmam
J Jason Djfmam's picture

Time to put a brown paper bag on the market.

Tue, 07/21/2015 - 18:14 | 6338991 Bastiat
Bastiat's picture

For it to breathe into or to cover its face?

Tue, 07/21/2015 - 16:34 | 6338589 i_call_you_my_base
i_call_you_my_base's picture

I sure hope people chased that pump into the close.

Tue, 07/21/2015 - 16:35 | 6338592 TheRideNeverEnds
TheRideNeverEnds's picture

Maybe Apple will save us 

 

Oh, its halted; locked down limit you say....  I see

 

The tech bubble is dead!  Long live the tech bubble!

 

 

Tue, 07/21/2015 - 16:37 | 6338599 J Jason Djfmam
J Jason Djfmam's picture

"Nobody, I mean nobody, could have seen this coming"!

Tue, 07/21/2015 - 20:03 | 6339488 kw2012
kw2012's picture

No on with an Apple Watch

Tue, 07/21/2015 - 16:43 | 6338624 SheepDog-One
SheepDog-One's picture

Would be a problem if Apple was up 5% though, it's only broken if something goes down.

Tue, 07/21/2015 - 16:35 | 6338593 Bitcoin Meiser
Bitcoin Meiser's picture

AAPL just reported that it missed the revenue forcast. So expect carnage in the market tomorrow, followed by The Great Crash after hedge funds sell off after earnings season.

Tue, 07/21/2015 - 16:40 | 6338609 J Jason Djfmam
J Jason Djfmam's picture

...and behold a pale unicorn, and shemitah rode with him.

Tue, 07/21/2015 - 16:59 | 6338703 Model T
Model T's picture

I'm short S&P500 as I reported here, faithfully on the day I put the position on. It's so easy. They just give you money. "Money for Jam, and Chicks for free"---I love the Rock n Roll life.

Tue, 07/21/2015 - 16:40 | 6338610 back to basics
back to basics's picture

What do you mean APPL missed???

 

I'm shocked, shocked I tell you.

 

Doesn't the whole planet own an iWatch by now? How about an iTV, no? ........LOL !!!

Tue, 07/21/2015 - 16:44 | 6338630 Bitcoin Meiser
Bitcoin Meiser's picture

Anchors and guests on Bloomberg were totally trashing the Apple Watch right before the earnings report came out. I didn't know it was doing so badly.

Tue, 07/21/2015 - 16:41 | 6338615 taketheredpill
taketheredpill's picture

Haven't seen all the numbers, but the fact that they buired the iWatch sales figures is telling.  Someone on our esk remarked "iWatch sales last quarter were higher than iPad sales!"....which sounds like iSpin.

 

Tue, 07/21/2015 - 16:45 | 6338623 i_call_you_my_base
i_call_you_my_base's picture

So a brand new, highly touted, "revolutionary" product released last quarter barely beat the sales of a product that has four generations and already sold tens of millions of units. BULLISH.

Tue, 07/21/2015 - 16:49 | 6338659 adr
adr's picture

Apple doesn't have a compelling product anymore.

Remember when everyone had a Motorola phone, then a Nokia phone, then a Blackberry, then an iPhone?

Now that you can buy any one of fifty off contract phones with equal power to the iPhone5 for less than $300 there is no point to the overpriced and overhyped iPhone. Smartphones have been commoditized.

If you are looking for a good phone that won't break the bank, get the ASUS Zenphone2

  • Fully Unlocked Dual SIM
  • 5.5" 1080p Display
  • 64 bit 2.3 ghz Quad Core Intel processor
  • 4GB RAM
  • 64GB storage
  • 13mp Sony Camera
  • 4G/LTE
  • $299

It really does make the iPhone look like a joke. The phone is more powerful than most of the recent laptops released.

Tue, 07/21/2015 - 16:56 | 6338687 i_call_you_my_base
i_call_you_my_base's picture

I still think the macbook is the best laptop. Most durable and comfortable to use.

Tue, 07/21/2015 - 17:23 | 6338792 Tinky
Tinky's picture

Agreed, though their computer software is increasingly influenced by that of the iphone, which sucks as far as I'm concerned.

Tue, 07/21/2015 - 19:05 | 6339236 silverer
silverer's picture

Yes, I already had a "desktop" phone.  It rings, you answer it.  Done.  Crap, I miss my old Samsung flip phone.  Three days of battery life.

Tue, 07/21/2015 - 22:01 | 6339908 MisterMousePotato
MisterMousePotato's picture

Yes, but can it play Crysis?

Wed, 07/22/2015 - 00:39 | 6340331 Abbie Normal
Abbie Normal's picture

The macbook may be the best ultrabook, but without a DVD drive, it's not even a fully functional laptop.

Wed, 07/22/2015 - 01:09 | 6340355 GotGalt
GotGalt's picture

Right, that must be why Apple continues to rake in over 90% of ALL mobile profits.

Tue, 07/21/2015 - 16:52 | 6338672 Mentaliusanything
Mentaliusanything's picture

APPL missed ... Unpossible

Tue, 07/21/2015 - 17:53 | 6338902 Antifaschistische
Antifaschistische's picture

Soon, Chairman Obama will announce that it is illegal for Hedge Funds, Pension Funds or any Mutual Funds to sell shares of AAPL

Tue, 07/21/2015 - 16:39 | 6338606 taketheredpill
taketheredpill's picture

Watch CNBC with Sound OFF / Captions ON.  That's Entertainment! 

Tue, 07/21/2015 - 16:41 | 6338616 J Jason Djfmam
J Jason Djfmam's picture

Play Pink Floyds "Dark Side of the Moon".

Tue, 07/21/2015 - 16:49 | 6338657 CuttingEdge
CuttingEdge's picture

From that album "On The Run" is very prescient, given what we all know is coming down the pipe.

Tue, 07/21/2015 - 22:14 | 6339960 Sokhmate
Sokhmate's picture

Permanent Lapse of Reason

Tue, 07/21/2015 - 16:43 | 6338625 Bitcoin Meiser
Bitcoin Meiser's picture

Are they crapping in their pants yet and screaming "The sky is falling?"

 

Tue, 07/21/2015 - 19:30 | 6339338 TheRideNeverEnds
TheRideNeverEnds's picture

I've got my finger on the trigger for news of Gartman recommending a sell on Apple. Get ready to reverse those shorts in a day or so. I'll give it till the end of the week tops.

Tue, 07/21/2015 - 18:27 | 6339052 SillySalesmanQu...
SillySalesmanQuestion's picture

Unleash the CramLies!

Tue, 07/21/2015 - 19:57 | 6339458 kw2012
kw2012's picture

CramLies?? Is that the demon spawn of James Tiberius Cramer and Steve Liesman?

Tue, 07/21/2015 - 16:40 | 6338612 slaughterer
slaughterer's picture

"Drooling"

Tue, 07/21/2015 - 16:43 | 6338626 ajkreider
ajkreider's picture

Go pro chart makes no sense at all. Wisdom of the market = fail.

Tue, 07/21/2015 - 21:23 | 6339766 atomp
atomp's picture

Camera-on-a-stick, FTW! TOO COOL! Hey, what's Kodak trading at these days?

Tue, 07/21/2015 - 16:46 | 6338636 Spungo
Spungo's picture

Camera on a stick, bitches!

Tue, 07/21/2015 - 17:57 | 6338652 J Jason Djfmam
J Jason Djfmam's picture

That's it! Put the Iwatch on a stick.

The Time Pro Stick Watch!

"Dude. Hit me with the time".

Tue, 07/21/2015 - 16:53 | 6338675 booboo
booboo's picture

I've developed the "GroPro" it's a chia pet on a stick. you a buyer at 200 a share? I will make a promise that it will double in 30 days.

Tue, 07/21/2015 - 17:55 | 6338907 J Jason Djfmam
J Jason Djfmam's picture

I'm in!

Tue, 07/21/2015 - 16:50 | 6338650 SilverCoinLover
SilverCoinLover's picture

And sitting in the on deck circle...AMZN! Earnings Thursday after the close. Longs getting nervous?

Tue, 07/21/2015 - 16:54 | 6338680 adr
adr's picture

The only thing that could cause Amazon to go down would be if they actually made money. The algos wouldn't know what to do if that happened.

 

Tue, 07/21/2015 - 17:12 | 6338763 Rainman
Rainman's picture

^ truth

Tue, 07/21/2015 - 17:10 | 6338756 Barney08
Barney08's picture

Can Yellen be reached for any comment? Dude we are going to need another fed meeting And SOON!!! BTFD!

Tue, 07/21/2015 - 17:36 | 6338845 CHX
CHX's picture

Stawks trading like gold and silver. An omen ?

Tue, 07/21/2015 - 17:58 | 6338918 J Jason Djfmam
J Jason Djfmam's picture

Bait.

Tue, 07/21/2015 - 18:05 | 6338952 arrowrod
arrowrod's picture

Gold down, then up.  Up $0.27, maybe, cause it's after hours.

Who the hell sells after hours.  To who?

 

Now some really bad news.  I'm reading ZH using Windows 10.  Haven't figured out how to install adblock on Windows 10 "Edge".  Wow, there are certainly a lot of ads.  Especially ads of stuff I've viewed in the last month.

I expect the sun to rise tomorrow.

Tue, 07/21/2015 - 18:33 | 6339076 SamuelMaverick
SamuelMaverick's picture

If you disable adobe flash, it will kill most of the nonsense video ads. It makes ZH enjoyable again.

 

                      Maverick

Tue, 07/21/2015 - 19:02 | 6339221 silverer
silverer's picture

try firefox, add on NoScript.  And as another poster suggested, decapitate Flash.  your worst enemy ever.

Tue, 07/21/2015 - 22:16 | 6339857 Palladin
Palladin's picture

If you want to get rid of ads, kill them at the source. Win-10 and the new latest and greatest MS crap offers nothing to stop them. But if you are somewhat technically inclined you can do something about it.

BTW, this works with all versions of Windows, 7,  8.0, 8.1 and 10. But be aware, depending on you hardware setup this might effect your performance, since you are introducing a hosts file gateway that has approxamately 15,000 lines that Windows has to sift through. But if you have a newer system, it shouldn't cause too much of a performance hit. More here:  http://winhelp2002.mvps.org/hosts.htm If you are running FireFox you can add this to you arsenal of AdBlockPlus and Ghostery.

Oh, and Tylers, you posted a 15 second chart. But when I checked the aftermarket trading it looks a bit different. Shame on you.

Plunge??? 

Hardly.

http://www.nasdaq.com/symbol/gpro/after-hours

http://www.nasdaq.com/symbol/cmg/after-hours

http://www.nasdaq.com/symbol/aapl/after-hours

http://www.nasdaq.com/symbol/yhoo/after-hours

http://www.nasdaq.com/symbol/msft/after-hours

 

Tue, 07/21/2015 - 22:19 | 6339974 Sokhmate
Sokhmate's picture

The devnull solution. I use it for facebook, doubleclick, few others.

Tue, 07/21/2015 - 19:57 | 6339459 Downtoolong
Downtoolong's picture

Meanwhile, Facebook market cap passes GE.

Yes, that GE.

 

Tue, 07/21/2015 - 20:08 | 6339506 kw2012
kw2012's picture

Tue, 07/21/2015 - 21:58 | 6339894 Sokhmate
Sokhmate's picture

Chipotle at $670! holy burrito!

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