Diamonds and Dogs


SunEdison Inc. (SUNE)

SunEdison isn't shining today, down 24.05% at $7.39. The photovoltaic energy company saw its shares fall after releasing earnings. For the second quarter, SunEdison announced an adjusted EPS of negative $0.19, which is a loss of $25.2 million. Analysts were expecting a loss of $0.14 per share. Revenues for the quarter also took a huge hit, falling around 50% to $401.3 million. Management blamed the poor quarter on a global glut and lower demand from Europe. SunEdison shares are still well above their 52-week low of $2.15.

Live Nation Entertainment Inc. (LYV)

Live Nation is entertaining its investors today, up 12.25% at $18.32. The concert promoter and ticket seller saw its shares jump after a better than expected earnings report. Live Nation said concert attendance rose 8 percent to 15.3 million worldwide. It sold 36.3 million tickets mainly through its Ticketmaster subsidiary. The company saw net income jump to $58.1 million or $0.30 per share on revenue of $1.68 billion. Analysts' were expecting Live Nation to have an EPS of $0.10 on revenues of $1.62 billion. Shares of Live Nation hit a new 52-week high of $18.38 intraday.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.