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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

11/25/15

Guess who the diamond of the day is? Guess jeans (GES). Guess is trading up 8% this morning after beating earnings estimates last night. The earnings were not spectacular, but the CEO was pleased with third quarter results better than his expectations. Revenue declined by 11.7% year-over-year to $520.96 million, missing estimates of $521.03 million due in part to unfavorable foreign exchange rates. Same store sales decreased 7.7%, excluding the impact of e-commerce sales, at locations in the U.S. and Canada, but the company did raise guidance increasing 2015 fiscal year earnings guidance to 93 cents to $1.02 per share, from the previous outlook of 89 cents to $1.02 per share. Let's hope consumers keep buying new jeans.

Hewlett Packard is a mess. The tech giant recently split into two publicly traded companies, HP Inc. (HPQ) which manages PCs and printers reported consolidated fourth-quarter earnings of 93 cents per share and revenue of $25.7 billion well off the Street view of 96 cents and revenue of $26.4 billion. The unexpected weakness sent HP shares down 13% this morning to new lows. This is the fifth quarter Hewlett-Packard's revenue fell year-over-year, this quarter by 9%. The good news is the other half of HP, Hewlett Packard Enterprises (HPE) run by Meg Whitman which focuses on commercial product systems and software is trading up 3% on better than expected earnings. Looks like Meg picked the right spin off to go with.

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.