Earnings, Revenue Exceed Street Estimates
Expedia earned $1.32 a share in the third quarter on revenue of $1.20 billion. Analysts had only expected $1.26 and $1.17 billion, respectively. That beat is pushing EXPE higher 17 percent before the bell on my tradeMONSTER platform.
Deckers Sales Lag as Inventories Pile Up
Deckers reported strong earnings, but sales missed by a mile. Revenue of the third quarter was just $376.4 million, well below the $413.5 million total expected by analysts. Management also cut the growth forecast as inventories piled up. DECK plunges 18 percent in early trading.
Cerner Posts Strong Results as Bookings Climb
Cerner earned $0.60 a share, beating the $0.59 consensus forecast. Revenue of $676.5 million also beat the $651 estimate and bookings rose 18 percent to a new record level. CERN pops 13 percent in the premarket.