>>> MasterCard beats by $0.09, misses on revs -- co will update guidance on the

MasterCard beats by $0.09, misses on revs -- co will update guidance on the call at 9:00 (90.23)
4/29/2015, 8:03:01 AM ET
Reports Q1 (Mar) earnings of $0.89 per share, $0.09 better than the Capital IQ Consensus of $0.80; revenues rose 2.7% year/year to $2.23 bln vs the $2.28 bln consensus.
  • An increase in cross-border volumes of 19%;
  • A 12% increase in gross dollar volume, on a local currency basis, to $1.1 trillion; and
  • An increase in processed transactions of 12%, to 11.0 billion.
  • These factors were partially offset by an increase in rebates and incentives, primarily due to new and renewed agreements and increased volumes.
  • Worldwide purchase volume during the quarter was up 12% on a local currency basis versus the first quarter of 2014, to $783 billion

>>> GoPro: Color on Quarter --> +12% pre-mkt @ 52.80...not a bad lvl to go short

GoPro: Color on Quarter

I have never been a fan of this one, I wil use this opportunity to re-initiate a short position on the stock

  • Dougherty & Company raises their GPRO tgt to $65 from $55. Tuesday's earnings report delivered the desired results and added to their conviction. GoPro has established itself as one of the most valuable brands in consumer technology and has significant headroom to grow as it expands overseas and extends the brand to new device categories.
  • Oppenheimer notes GoPro beat 1Q15 guidance and consensus with good execution and followed it up with even stronger guidance, implying 7% Q/Q growth for 2Q15 at guidance mid-point. GoPro also announced its acquisition of Kolor, a virtual reality software and content provider, which they believe is a must-have strategy for the future of action videos. They applaud the company's success in growing internationally in EMEA. However, they continue to believe their negative thesis holds—the long-term TAM is limited (especially vs. Street expectations) and it shows in their model as they see growth decelerating in 2015 holiday season; Underperform.
  • Northland Capital raises their GPRO tgt to $76 from $70 -- they believe the market opportunity is significantly larger than investors currently understand
  • Piper Jaffray raises their GPRO tgt to $66 from $55
  • Citigroup to $56 from $48
  • GPRO +12% at near 3 month high above $52.50 premarket.

>>> Starwood Hotels beats by $0.09, beats on revs; guides Q2 EPS below consensus

Starwood Hotels beats by $0.09, beats on revs; guides Q2 EPS below consensus; guides FY15 EPS in-line

Reports Q1 (Mar) earnings of $0.65 per share, $0.09 better than the Capital IQ Consensus Estimate of $0.56; revenues fell 2.9% year/year to $1.42 bln vs the $1.38 bln consensus. Worldwide Systemwide REVPAR for Same-Store Hotels increased 5.2% in constant dollars (1.9% in actual dollars) compared to 2014. Systemwide REVPAR for Same-Store Hotels in North America increased 6.8% in constant dollars (5.8% in actual dollars).
  • Co issues downside guidance for Q2, sees EPS of $0.70-0.74 vs. $0.79 Capital IQ Consensus Estimate.
  • Co issues in-line guidance for FY15, sees EPS of $2.94-3.04 vs. $2.95 Capital IQ Consensus Estimate. FY15 Guidance: REVPAR increases at Same-Store Systemwide Hotels Worldwide of 5% to 7% in constant dollars (approximately 450 basis points lower in actual dollars at current exchange rates).

>>> Hercules Offshore beats by $0.05, beats on revs

Hercules Offshore beats by $0.05, beats on revs
Reports Q1 (Mar) loss of $0.35 per share, $0.05 better than the Capital IQ Consensus Estimate of ($0.40); revenues fell 52.2% year/year to $122.6 mln vs the $111.97 mln consensus
  • Revenue generated from Domestic Offshore for the first quarter 2015 decreased 63% to $52.9 mln from $143.3 mln in the first quarter 2014, driven by lower utilization and dayrates on a reduced marketed rig fleet.
    • Operating days during the first quarter 2015 declined to 533 days with utilization of 60.1% as we exited the quarter with 9 marketed rigs, compared to 1,344 days on 18 marketed rigs at 83.0% utilization during the first quarter 2014. Average revenue per rig per day decreased to $99,203 in the first quarter 2015 from $106,596 in the comparable 2014 period.
  • International Offshore revenue declined to $51.6 mln in the first quarter 2015, from $80.9 mln in the first quarter 2014, driven largely by reduced utilization and partially offset by slightly higher dayrates.
    • Utilization decreased to 47.9% in the first quarter 2015 from 88.1% in the first quarter 2014, largely due to scheduled downtime for equipment recertification on the Hercules 262, as well as idle time on the Hercules Triumph, Hercules Resilience and Hercules 260. Average revenue per rig per day increased to $149,704 in the first quarter 2015 from $136,030 in the first quarter of 2014, driven in part by a demobilization fee of $4.5 mln received for the Hercules 208 following its contract conclusion, as well as higher dayrates on the Hercules 261 and Hercules 262 as these rigs rolled to new contracts.

>>> Time Warner beats by $0.10, beats on revs; reaffirms FY15 EPS guidance (84.

Time Warner beats by $0.10, beats on revs; reaffirms FY15 EPS guidance

Reports Q1 (Mar) earnings of $1.19 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $1.09; revenues rose 4.8% year/year to $7.13 bln vs the $6.99 bln consensus, due to growth across all divisions. Adjusted Operating Income grew 12% to $1.8 billion due to growth at Turner, offset in part by declines at Warner Bros. and Home Box Office.

Co reaffirms guidance for FY15, sees EPS of $4.60-4.70, excluding non-recurring items, vs. $4.65 Capital IQ Consensus Estimate.
  • "HBO once again grew domestic subscribers in the quarter while continuing to gain acclaim for groundbreaking programming such as the recent documentaries Going Clear: Scientology and the Prison of Belief and The Jinx: The Life and Deaths of Robert Durst. The return of Game of Thrones reached a new premiere high, while also providing the backdrop for the highly-anticipated launch of HBO NOW, our standalone streaming version of HBO -- which is off to a great start. Reflecting our strong commitment to provide direct returns to shareholders, we returned more than $1.4 billion in dividends and share repurchases year-to-date."

>>> Garmin misses by $0.02, misses on revs; reaffirms FY15 EPS guidance, revs gu

Garmin misses by $0.02, misses on revs; reaffirms FY15 EPS guidance, revs guidance
Reports Q1 (Mar) earnings of $0.55 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.57; revenues rose 0.3% year/year to $585 mln vs the $606.17 mln consensus, with fitness, outdoor, aviation and marine delivering 63% of total revenue and collectively growing 9% over the year ago quarter The relative strength of the US Dollar compared to other major currencies negatively impacted revenue by ~$38 million, or 7%, in the first quarter of 2015.

Co reaffirms guidance for FY15, sees EPS of ~$3.10, excluding non-recurring items, vs. $3.10 Capital IQ Consensus Estimate; sees FY15 revs of ~$2.9 bln vs. $2.88 bln Capital IQ Consensus Estimate.

>>> Eaton beats by $0.03, misses on revs; guides Q2 EPS below consensus; lowers

Eaton beats by $0.03, misses on revs; guides Q2 EPS below consensus; lowers FY15 EPS mostly on FX, in-line

Reports Q1 (Mar) earnings of $1.01 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus Estimate of $0.98; revenues fell 4.9% year/year to $5.22 bln vs the $5.29 bln consensus.
  • "Our 5 percent sales decline in the first quarter consisted of 1 percent organic growth offset by negative 6 percent from currency translation."
Co issues downside guidance for Q2, sees EPS of $1.10-1.20, excluding non-recurring items, vs. $1.20 Capital IQ Consensus.

Co issues in-line guidance for FY15, lowers EPS to $4.65-4.95, excluding non-recurring items, from $4.75-5.05 vs. $4.82 Capital IQ Consensus.