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Interesting Stocks To Watch On May 3

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Monster Beverage Corp. (MNST) reported upbeat results for the first quarter, reflecting growth its Monster Energy brand energy drinks, new Monster Energy brand energy drink introductions, as well as the launch of its Reign Total Body Fuel high performance energy drinks.

Net income for the first quarter was $261.49 million or $0.48 per share compared to $216.05 million or $0.38 per share last year.

Analysts polled by Thomson Reuters expected earnings of $0.42 per share for the quarter. Analysts' estimate typically exclude certain special items.

Revenue for the quarter rose 11.2% to $945.99 million from $850.92 million last year.

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Universal Display Corp. (OLED) revised its fiscal 2019 revenue guidance, while reporting strong Q1 results.

Net income for the first quarter was $31.5 million or $0.66 per share versus $6.0 million or $0.13 per share in the first quarter of 2018.

On an ASC Topic 605 basis, net income would have been $42.5 million or $0.90 per share, compared to $25.9 million or $0.55 per share last year.

Analysts polled by Thomson Reuters expected earnings of $0.29 per share for the quarter. Analysts' estimate typically exclude certain special items.

Total revenue in the first quarter of 2019 was $87.8 million as compared to $43.6 million in the first quarter of 2018. On the basis of ASC Topic 605, total revenue in the first quarter of 2019 would have been $101.6 million, compared to $68.2 million last year.

FY19 Guidance

The company now expects fiscal 2019 revenue to be about in the range of $345 million - $365 million. Under the prior accounting standard ASC Topic 605, the company estimates that its 2019 revenues would be about $405 million - $425 million.

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Carbonite Inc. (CARB) revised its fiscal 2019 guidance and reported better-than-expected Q1 profit.

The company's Q1 net income was $2.0 million or $0.06 per share, compared to $11.9 million or $0.40 per share in 2018.

Non-GAAP earnings totaled $0.44 per share, higher than the previous year's earnings of $0.27 per share. Analysts polled by Thomson Reuters expected earnings of $0.36 per share for the quarter. Analysts' estimate typically exclude certain special items.

Revenue was $81.2 million, an increase of 27%, compared to $64.0 million generated a year ago. Non-GAAP revenue rose 28% to $83.0 million from $64.9 million in the first quarter of 2018.

Q2, FY19 Guidance

For the second quarter, the company expects GAAP revenue in the range of $119 million - $123 million, and non-GAAP revenue of $133 million - $137 million. Analysts look for revenue of $139.06 million for the quarter.

For fiscal 2019, the company now sees GAAP revenue in the range of $457 million - $471 million, versus the prior issued range of between $468 million and $482 million. Non-GAAP revenue now expected to be in the range of $491 million - $505 million, compared to the previously communicated range of $488 million - $502 million. Analysts estimate revenue of $494.58 million for 2019.

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