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