{"id":73604,"date":"2024-02-08T09:10:18","date_gmt":"2024-02-08T14:10:18","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73604"},"modified":"2024-02-08T09:10:18","modified_gmt":"2024-02-08T14:10:18","slug":"coffee-with-greta-flirting-with-5000","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/02\/08\/coffee-with-greta-flirting-with-5000\/","title":{"rendered":"Coffee With Greta: Flirting With 5,000"},"content":{"rendered":"

DJIA Futures: <\/b>+19 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>-5 (-0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-18 (-0.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are mostly lower with the <\/span>S&P 500<\/b> on the brink of crossing 5,000 points for the first time ever.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Disney Pops After Earnings Beat, Higher Guidance<\/span><\/h2>\n

Walt Disney <\/b>(DIS) shares are up 8.2% ahead of the open after beating fiscal Q1 expectations and hiking its guidance.\u00a0<\/span><\/p>\n

Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $1.22 vs $0.99 expected<\/span><\/li>\n
  • Revenue: $23.55 billion vs $23.64 billion expected<\/span><\/li>\n<\/ul>\n

    The company announced a $0.45 dividend payable in July, up 50% from the January payout.\u00a0<\/span><\/p>\n

    Entertainment revenue fell 7% year over year to $9.98 billion, ESPN revenue rose 4%, and experiences revenue jumped 7%.\u00a0<\/span><\/p>\n

    Disney+ subscribers decreased by 1.3 million from the previous quarter due to price increases but average revenue per user rose.\u00a0<\/span><\/p>\n

    Disney said it is on track to meet or exceed its goal of cutting costs by at least $7.5 billion this fiscal year.\u00a0<\/span><\/p>\n

    The company forecast fiscal 2024 EPS of $4.60, which would be at least 20% higher than 2023.\u00a0<\/span><\/p>\n

    CEO Bob Iger also announced Disney will take a $1.5 billion stake in Epic Games to create new games using its intellectual property, including Disney, Pixar, Marvel, Star Wars and Avatar.<\/span><\/p>\n

    PayPal Plunges On Disappointing Guidance<\/span><\/h2>\n

    PayPal <\/b>(PYPL) shares are tumbling 8.4% in premarket trade after beating Q4 expectations but issuing soft guidance.\u00a0<\/span><\/p>\n

    Here\u2019s how the digital payments giant\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n

      \n
    • Adjusted EPS: $1.48 vs $1.36 expected<\/span><\/li>\n
    • Revenue: $8.03 billion vs $7.87 billion expected<\/span><\/li>\n<\/ul>\n

      Revenue increased 9% year over year while net income jumped 52%.<\/span><\/p>\n

      The number of active PayPal accounts fell 2% from a year ago to 426 million vs 427.17 million expected.\u00a0<\/span><\/p>\n

      For the first quarter, PayPal forecast annual EPS growth in the mid-single digits vs 8.7% expected.<\/span><\/p>\n

      The company expects full-year earnings of $5.10 per share vs $5.48 expected.<\/span><\/p>\n

      Arm Spikes On Strong Forecast<\/span><\/h2>\n

      Arm Holdings <\/b>(ARM) shares are surging 27.9% ahead of the open after beating fiscal Q3 expectations and issuing strong guidance.\u00a0<\/span><\/p>\n

      Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $0.29 vs $0.25 expected<\/span><\/li>\n
      • Revenue: $824 million vs $761 million expected<\/span><\/li>\n<\/ul>\n

        Total revenue jumped 14% from the same quarter a year ago.<\/span><\/p>\n

        Royalty revenue rose 11% year over year to $470 million which Arm attributed to a recovery in the smartphone market.\u00a0<\/span><\/p>\n

        The company forecast fiscal Q4 earnings between $0.28 and $0.32 per share on $850 million to $900 million in revenue.\u00a0<\/span><\/p>\n

        Analysts expect EPS of $0.21 on $780 million in sales.\u00a0<\/span><\/p>\n

        Spirit Airlines Rises As Losses Narrow<\/span><\/h2>\n

        Spirit Airlines <\/b>(SAVE) shares are up 3.0% in premarket trade after reporting a narrower loss than expected in the fourth quarter.\u00a0<\/span><\/p>\n

        Here\u2019s how the airline\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

          \n
        • Adjusted loss per share: $1.36 vs $1.46 expected<\/span><\/li>\n
        • Revenue: $1.32 billion, in line with expectations<\/span><\/li>\n<\/ul>\n

          Revenue was down 5% year over year.\u00a0<\/span><\/p>\n

          Spirit said fare revenue per passenger tumbled 25% to $48.24, while nonticket revenue per passenger dropped 6.6% to $66.60.\u00a0<\/span><\/p>\n

          The company said it expects to post another profit loss in Q1 but forecast revenue between $1.25 billion and $1.28 billion which beat analysts\u2019 expectations.\u00a0<\/span><\/p>\n

          Spirit is planning for 2024 capacity to be flat to up mid single digits and 1.5% higher in Q1.<\/span><\/p>\n

          Weekly Jobless Claims Fall<\/span><\/h2>\n

          Weekly jobless claims fell more than expected as the labor market remains tight.\u00a0<\/span><\/p>\n

          The Labor Department reported 218,000 Americans filed initial claims for unemployment benefits last week.\u00a0<\/span><\/p>\n

          That was down by 9,000 from the previous week and lower than 220,000 expected.\u00a0<\/span><\/p>\n

          Continuing claims fell by 23,000 to 1.87 million in the week ending January 27.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: +19 (+0.1%) SPX Futures: -5 (-0.1%) NASDAQ Futures: -18 (-0.1%) Good morning friends! Futures are mostly lower with the S&P 500 on the brink of crossing 5,000 points for the first time ever. Let\u2019s get right to it! Disney Pops After Earnings Beat, Higher Guidance Walt Disney (DIS) shares are up 8.2% ahead of the open after beating fiscal Q1 expectations and hiking its guidance.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $1.22 vs $0.99 expected Revenue: $23.55 billion vs $23.64 billion expected The company announced a $0.45 dividend payable in July, up 50% from the January payout.\u00a0 Entertainment revenue fell 7% year over year to $9.98 billion, ESPN revenue rose 4%, and experiences revenue jumped 7%.\u00a0 Disney+ subscribers decreased by 1.3 million from the previous quarter due to price increases but average revenue per user rose.\u00a0 Disney said it is on track to meet or exceed its goal of cutting costs by at least $7.5 billion this fiscal year.\u00a0 The company forecast fiscal 2024 EPS of $4.60, which would be at least 20% higher than 2023.\u00a0 CEO Bob Iger also announced Disney will take a $1.5 billion stake in Epic Games to create new games using its intellectual property, including Disney, Pixar, Marvel, Star Wars and Avatar. PayPal Plunges On Disappointing Guidance PayPal (PYPL) shares are tumbling 8.4% in premarket trade after beating Q4 expectations but issuing soft guidance.\u00a0 Here\u2019s how the digital payments giant\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $1.48 vs $1.36 expected Revenue: $8.03 billion vs $7.87 billion expected Revenue increased 9% year over year while net income jumped 52%. The number of active PayPal accounts fell 2% from a year ago to 426 million vs 427.17 million expected.\u00a0 For the first quarter, PayPal forecast annual EPS growth in the mid-single digits vs 8.7% expected. The company expects full-year earnings of $5.10 per share vs $5.48 expected. Arm Spikes On Strong Forecast Arm Holdings (ARM) shares are surging 27.9% ahead of the open after beating fiscal Q3 expectations and issuing strong guidance.\u00a0 Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.29 vs $0.25 expected Revenue: $824 million vs $761 million expected Total revenue jumped 14% from the same quarter a year ago. Royalty revenue rose 11% year over year to $470 million which Arm attributed to a recovery in the smartphone market.\u00a0 The company forecast fiscal Q4 earnings between $0.28 and $0.32 per share on $850 million to $900 million in revenue.\u00a0 Analysts expect EPS of $0.21 on $780 million in sales.\u00a0 Spirit Airlines Rises As Losses Narrow Spirit Airlines (SAVE) shares are up 3.0% in premarket trade after reporting a narrower loss than expected in the fourth quarter.\u00a0 Here\u2019s how the airline\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted loss per share: $1.36 vs $1.46 expected Revenue: $1.32 billion, in line with expectations Revenue was down 5% year over year.\u00a0 Spirit said fare revenue per passenger tumbled 25% to $48.24, while nonticket revenue per passenger dropped 6.6% to $66.60.\u00a0 The company said it expects to post another profit loss in Q1 but forecast revenue between $1.25 billion and $1.28 billion which beat analysts\u2019 expectations.\u00a0 Spirit is planning for 2024 capacity to be flat to up mid single digits and 1.5% higher in Q1. Weekly Jobless Claims Fall Weekly jobless claims fell more than expected as the labor market remains tight.\u00a0 The Labor Department reported 218,000 Americans filed initial claims for unemployment benefits last week.\u00a0 That was down by 9,000 from the previous week and lower than 220,000 expected.\u00a0 Continuing claims fell by 23,000 to 1.87 million in the week ending January 27.<\/p>\n","protected":false},"author":41,"featured_media":73609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73604"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73604\/revisions"}],"predecessor-version":[{"id":73611,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73604\/revisions\/73611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73609"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}