>>> Atlassian beats by $0.03, beats on revs; guides Q2 EPS above consensus, revs

Atlassian beats by $0.03, beats on revs; guides Q2 EPS above consensus, revs above consensus; raises FY18 guidance (40.25 +0.44)
  • Reports Q1 (Sep) earnings of $0.12 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.09; revenues rose 41.7% year/year to $193.8 mln vs the $185.78 mln Capital IQ Consensus.
  • Co issues upside guidance for Q2, sees EPS of $0.12, excluding non-recurring items, vs. $0.10 Capital IQ Consensus Estimate; sees Q2 revs of $203-205 mln vs. $200.23 mln Capital IQ Consensus Estimate.
  • Co issues raised guidance for FY18, sees EPS of $0.46-0.47 from $0.42-0.44, excluding non-recurring items, vs. $0.44 Capital IQ Consensus Estimate; raises FY18 revs to $841-847 mln from $826-834 mln vs. $831.02 mln Capital IQ Consensus Estimate.
  • Atlassian ended the first quarter of fiscal 2018 with a total customer count on an active subscription or maintenance agreement basis of 107,746. Atlassian added 4,246 net new customers during the quarter.
  • Q2 Guidance: Gross margin is expected to be approximately 79% on an IFRS basis and approximately 84% on a non-IFRS basis. FY18 Guidance: Gross margin is expected to be approximately 79% on an IFRS basis and approximately 84% on a non-IFRS basis.

>>> Maxim Integrated misses by $0.02, reports revs in-line; guides Q2 EPS above

Maxim Integrated misses by $0.02, reports revs in-line; guides Q2 EPS above consensus, revs above consensus (50.09 +0.24)
  • Reports Q1 (Sep) earnings of $0.54 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.56; revenues rose 2.6% year/year to $576 mln vs the $576.8 mln Capital IQ Consensus.
  • Co issues upside guidance for Q2, sees EPS of $0.61-0.67, excluding non-recurring items, vs. $0.57 Capital IQ Consensus Estimate; sees Q2 revs of $600-640 mln vs. $585.09 mln Capital IQ Consensus Estimate.

>>> Skechers USA beats by $0.15, beats on revs; guides Q4 EPS in-line, revs in-l

Skechers USA beats by $0.15, beats on revs; guides Q4 EPS in-line, revs in-line (24.02 -1.08)
  • Reports Q3 (Sep) earnings of $0.59 per share, $0.15 better than the Capital IQ Consensus of $0.44 and above prior guidance of $0.42-0.47; revenues rose 16.2% year/year to $1.09 bln vs the $1.07 bln Capital IQ Consensus and vs prior guidance of $1.05-1.075 bln.
    • The net sales growth was the result of a 25.7 percent increase in the co's international wholesale business, a 1.4 percent increase in its domestic wholesale business, and an 18.6 percent increase in its company-owned global retail business with total comp store sales increases of 4.4 percent.
    • The increase in its Company-owned retail business, which included sales growth of 9.5 percent in its domestic channel and a domestic comp store sales increase of 3.1 percent, came despite temporary store closures in Texas and Florida, and continued store closures in Puerto Rico due to the recent hurricanes.
    • Co reported net sales last year of $1.5 million for the days corresponding to the days closed this year due to the hurricanes. Gross profit for the third quarter of 2017 was $520.0 million, or 47.5 percent of net sales, compared to $430.0 million, or 45.6 percent of net sales, for the third quarter of 2016.
  • Co issues in-line guidance for Q4, sees EPS of $0.09-0.14 vs. $0.12 Capital IQ Consensus Estimate; sees Q4 revs of $860-885 mln vs. $875.6 mln Capital IQ Consensus Estimate.
  • Co says the growth came across our three distribution channels -- with double-digit increases in company-owned Skechers retail business worldwide and its international subsidiary and joint venture businesses, as well as a single-digit increase in its international distributor and domestic wholesale businesses. The strong international growth, including the continued strength in China, the resurgence of the United Kingdom and growth across all of Europe combined with its strong international retail business, resulted in international wholesale and retail representing 53% of total sales in Q3

>>> Proofpoint beats by $0.08, beats on revs; guides Q4 EPS above consensus, rev

Proofpoint beats by $0.08, beats on revs; guides Q4 EPS above consensus, revs in-line; guides FY18 EPS in-line, revs in-line (95.10 +0.91)
  • Reports Q3 (Sep) earnings of $0.25 per share, $0.08 better than the Capital IQ Consensus of $0.17; revenues rose 34.6% year/year to $134.3 mln vs the $131.48 mln Capital IQ Consensus.
    • Billings rose 33% to $166.5 mln vs $162-164 mln guidance
  • Co issues guidance for Q4, sees EPS of $0.19-0.21 vs. $0.18 Capital IQ Consensus Estimate; sees Q4 revs of $138-140 mln vs. $138.53 mln Capital IQ Consensus Estimate.
    • Seeings Q4 billings of $180-182 mln.
  • Co issues in-line guidance for FY18, sees EPS of $0.96-1.03 vs. $1.00 Capital IQ Consensus Estimate; sees FY18 revs of $644-648 mln vs. $648.80 mln Capital IQ Consensus Estimate.
    • Sees FY18 billings of $798-802 mln

WWD : Vogue and Vice Media to Partner on Editorial Project

Vogue and Vice Media to Partner on Editorial Project
The collaboration is dubbed "Project Vs."

Vice chief executive officer Shane Smith and Vogue editor in chief Anna Wintour.
In a somewhat unlikely partnership, Vogue and Vice Media are teaming up on an editorial project.

The partnership, which will run 100 days, will feature a new web site and exists across the brands’ various platforms. According to a representative, it will “showcase figures, movements and issues making an impact on society today, with each week highlighting a different theme.”

Content will be produced by a team of Vogue and Vice editors and will include a mix of videos, photographs, long-form storytelling and more. The project, which is tentatively titled Project Vs, will launch in early 2018. Condé Nast, Vogue’s parent company, will lead the advertising process for the collaboration with Vogue chief business officer Susan Plagemann overseeing efforts in coordination with the Vice team.

“Vogue and Vice may appear to some to see the world through different lenses,” said Anna Wintour, Condé Nast artistic director and editor in chief of Vogue. “But, in my view, both are fearless and breathtaking, with unquenchable curiosity and vigor. This collaboration will benefit from two talented editorial teams working together to produce relevant and exciting stories about the way we live now.”

Vice chief commercial and creative officer Tom Punch offered: “What started as a slow-dance collaboration has quickly become a high-speed collision between Vice and Vogue, juxtaposing the many social, political and cultural tensions of our times to create a capsule commentary on the world we live in. We’re very excited to see where Project Vs will take us all.”

>>> Nucor beats by $0.04, reports revs in-line; guides Q4 EPS to be at or slight

Nucor beats by $0.04, reports revs in-line; guides Q4 EPS to be at or slightly below Q3 levels
  • Reports Q3 (Sep) earnings of $0.83 per share, $0.04 better than the Capital IQ Consensus of $0.79 and above prior guidance of $0.75-0.80; revenues rose 20.5% year/year to $5.17 bln vs the $5.19 bln Capital IQ Consensus.
  • Co issues guidance for Q4, sees EPS being similar to slightly decreased from Q3 levels of $0.83, which is slightly below the $0.85 Capital IQ Consensus Estimate.
  • "Approaching the end of 2017, we are encouraged by a number of positive factors impacting our markets going into 2018. We see generally stable or improving market conditions for nonresidential construction, automotive, energy, heavy equipment and agriculture. Although illegally traded imports remain at unacceptable levels, we are encouraged by the cumulative benefits of the domestic steel industry's successful trade cases."
  • Co expects much improved performance by the raw materials segment in Q4, driven by more consistent DRI production. The downstream steel products segment is also likely to benefit from margin improvement. Co expects the steel mills segment to see some decline mainly due to weakness in plate steel and typical seasonality.