Acadia Results Crushes Estimates – Guides Higher! Plus SNAP’s Disaster

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”][/vc_column][/vc_row] Get This In Your E-Mail Subscribe

Skyworks

Earnings just continue to roll in with Skyworks Solutions putting up solid numbers last night. But despite the strong results and solid guidance shares fell today by roughly 4 percent, and recovered a good portion of losses earlier in the day.

SWKS Price Chart

SWKS Price data by YCharts

[poll id=”8″]

The stock had a reasonably significant run-up since the end of September, and the best case scenario had been priced into the stock heading into the result. Other than blowout result and guidance that was far away better than expectations, there was no way the stock was going to rise post-result. Overall the story is still very strong, and the company continues to perform. The conference call overall was upbeat, and the company appears to be well prepared for the rollout of 5G and the connected future.

SWKS Chart

SWKS data by YCharts

Premium Content: Benefits include the ability to reach out to Mike with questions through a chat room, direct message, or comments. 

Analysis Of Acadia’s Phase II Data, Plus QCOM/AVGO

NXP Would Benefit From Broadcom Buying Qualcomm

Tesla, Tax Reform, And More

Cracking The Productivity Mystery

Productivity Issue In One Chart

Qualcomm Has Big Problems

Facebook, Alibaba, Apple Earning Preview

What Good Are The Analyst Worth!

Dollar Breakout, Bad For Euro

Snap

Snap shares are tanking after hours, and the results were pretty brutal.  Revenue for the third quarter came in at $207.9 million, well below expectations of $236.71 million. Additionally, daily active users grew to only 178 million users, as growth continued to slow.

snap

Additionally, revenue per user growth continues to struggle as well.

snap

Acadia

Finally, Acadia reported revenue that came in ahead of expectations at $35.6 million ahead of expectations of $32.03 million. Additionally, the company had a loss per share of $0.53, vs. expectations of $0.63, according to Ycharts. The company also upped guidance to a range of $124 million to $127 million. Analyst had been looking for full-year revenue to come in at $113 million.

The Acadia call cleared up a bit of confusion regarding the results of the ADP -019 study results and the path forward on the Dementia-Related Psychosis trials, in my opinion.

Overall, the Acadia’s results continue to trend ahead of street expectations, while the company continues to do an excellent job of containing expenses where they can.

The company has reported revenue of $81.3 million for the first nine-month of the years. It implies the fourth quarter should see revenue of roughly $42.7 to $45.7 million which is well ahead of expectations for $35.6 million.

ACAD Annual Revenue Estimates Chart Acadia

ACAD Annual Revenue Estimates data by YCharts

Free Articles Written By Mike:

Disney’s Investors Suddenly Envision A Streaming Empire

Micron Could Rise At Least 15%, Options Trades Show

Broadcom’s Bid Could Spark A Wave of Chipmaker Takeovers

SNAP’s Stock Rebound Could Last If It Fires Up Growth

Apple Crushed 4Q Earnings, Chip Suppliers To Benefit

Elliot Management Steps Up Efforts to Raise NXP Bid Price

Chipotle Shares Could Fall 20 Percent Further

Broadcom’s Raised Forecast Is Great News For Chip Stocks

Starbucks 4Q Earnings Could Surprise Investors

Apple Shares Are Set Up For Post-Earnings Fall

Apple’s Chip Suppliers Are Breaking Out

Amazon, Alphabet And Microsoft Simply Crushed It

Why Mastercard’s Stock Could Rise 15%

Why Amazon’s Earnings Aren’t As Strong As They Look

Qualcomm Deal With NXP Will Eventually Get Done – M…

Celgene and Biogen May Be Signalling A Biotech Bottom

AMD Could Rise 10% Despite Results, Trades Indicate

Why Tesla’s Stock Is Breaking Down

Why Is McDonald’s Valued Like a Big Tech Stock?

Why Biogen May Sink Biotech Sector As Earnings Beat

Netflix Stock Likely to Rise as EPS Estimates Jump

Bank of America Could Rise Nearly 50%: Technical Analysis

AMD Could Break Out After Results

Qualcomm’s Bid For NXP Still Lacks Investor Support

Celgene’s Sharp Sell-Off Is Likely Overdone

Procter & Gamble Continues To Have Two Big Problems

GE: Getting Excited For The Future

Why IBM’s Big Stock Rally Won’t Last

Allergan Shares On The Verge Of Further Breakdown

We offer a lot of great commentaries all week talking about the major and relevant market events. Be sure to subscribe to get this all and of all free commentaries sent directly to your inbox or follow us on Twitter.

-OR-

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”][/vc_column][/vc_row]

Michael Kramer and the clients of Mott Capital own shares of ACAD and SWKS

Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future.